Verdict with Ted Cruz - April 03, 2025


BONUS POD： ＂They Charge us, We Charge them＂ Trump's Liberation Day is Official


Episode Stats


Length

13 minutes

Words per minute

159.0791

Word count

2,142

Sentence count

148

Harmful content

Toxicity

3

sentences flagged

Hate speech

4

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Trump announces new tariffs on other countries on what he has deemed "Liberation Day" at the White House. President Trump has been a long time supporter of the steel industry and has long championed the need for protectionist trade policies.

Transcript

Transcript generated with Whisper (turbo).
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 This is an iHeart Podcast.
00:00:02.500 Guaranteed human.
00:00:05.880 Foreign scavengers have torn apart our once beautiful American dream. 1.00
00:00:10.480 We had an American dream that you don't hear so much about.
00:00:13.380 Our country and its taxpayers have been ripped off for more than 50 years,
00:00:17.640 but it is not going to happen anymore.
00:00:21.020 It's not going to happen.
00:00:23.580 This is a 47 Morning Update special edition with Ben Ferguson.
00:00:27.980 Good Thursday morning. Ben Ferguson with you.
00:00:30.320 It's nice to have you on the 47 Morning Update.
00:00:32.760 And this morning will be a special edition dealing with all things tariffs
00:00:37.140 and the president calling it Liberation Day.
00:00:40.240 The moral of the story with Donald Trump was this.
00:00:42.560 They charged us, so we're going to charge them.
00:00:45.500 I'll explain exactly how the tariffs work, what it means for you,
00:00:49.200 and how long this could last.
00:00:51.600 It's the 47 Morning Update, and it starts right now.
00:00:54.780 Story number one.
00:00:55.840 President Donald Trump on Wednesday revealed a chart detailing the reciprocal tariffs
00:01:01.680 that he will impose on other countries,
00:01:04.060 wanting to make it very clear to the American people
00:01:06.820 that these countries are charging us first,
00:01:09.900 so now we are going to charge them back.
00:01:12.880 China, 67% tariffs charged to the U.S.,
00:01:16.760 including currency manipulation and trade barriers,
00:01:20.240 was a perfect example of what Donald Trump was talking about.
00:01:23.580 And that is exactly why he announced his trade policies on what he has deemed Liberation Day.
00:01:29.540 Here's the president in his own words at the White House.
00:01:32.800 We have some very, very good news today,
00:01:35.880 and a lot of good things are happening for our country.
00:01:38.520 Please sit down.
00:01:40.140 My fellow Americans, this is Liberation Day.
00:01:43.460 I'm waiting for a long time.
00:01:47.840 April 2nd, 2025, will forever be remembered as the day American industry was reborn,
00:01:55.540 the day America's destiny was reclaimed,
00:01:58.680 and the day that we began to make America wealthy again.
00:02:04.300 We're going to make it wealthy, good and wealthy.
00:02:06.620 For decades, our country has been looted, pillaged, raped, and plundered by nations near and far,
00:02:13.640 both friend and foe alike.
00:02:16.100 American steelworkers, autoworkers, farmers, and skilled craftsmen,
00:02:20.240 we have a lot of them here with us today,
00:02:22.340 they really suffered gravely.
00:02:24.500 They watched in anguish as foreign leaders have stolen our jobs,
00:02:29.000 foreign cheaters have ransacked our factories,
00:02:31.800 and foreign scavengers have torn apart our once-beautiful American dream. 1.00
00:02:37.280 We had an American dream that you don't hear so much about.
00:02:40.080 You did four years ago, and you are now,
00:02:42.640 but you don't too often, for many years and decades even,
00:02:46.140 you didn't hear too much about.
00:02:47.780 Our country and its taxpayers have been ripped off for more than 50 years,
00:02:52.540 but it is not going to happen anymore.
00:02:55.800 It's not going to happen.
00:02:56.660 The president also making it clear he knows how the media is going to play this,
00:03:02.760 doom and gloom.
00:03:03.700 But the reality is there's quite a few important groups in this country
00:03:07.300 that are backing the president's plan.
00:03:09.740 And that is exactly why the president made it clear to the world
00:03:12.400 that the day of economic surrender are over.
00:03:15.420 Who is behind the president?
00:03:17.020 Well, the Coalition for a Prosperous America.
00:03:19.540 Chairman put out a statement saying this,
00:03:21.760 A permanent universal baseline tariff resets the global trade environment
00:03:27.160 and finally addresses the destructive legacy
00:03:29.960 of decades of misguided free trade policies.
00:03:34.340 President Trump's decision to implement a baseline tariff
00:03:37.460 is a game-changing shift that prioritizes American manufacturing,
00:03:42.460 protects working-class jobs,
00:03:45.080 and safeguards our economic security from adversaries like China.
00:03:49.120 This is exactly the type of bold action America needs
00:03:52.460 to restore its industrial leadership.
00:03:54.820 Today's actions will deliver lasting benefits to the U.S. economy
00:03:58.320 and working-class Americans,
00:04:00.740 cementing President Trump's legacy
00:04:02.340 as the one that ushered in a new golden age
00:04:05.240 of American industrialization and prosperity.
00:04:08.500 The National Cattlemen's Beef Association put out a statement as well,
00:04:12.620 saying, quote,
00:04:13.300 For too long, America's family farmers and ranchers
00:04:17.660 have been mistreated by certain trading partners around the world.
00:04:21.860 President Trump is taking action to address numerous trade barriers
00:04:25.420 that prevent consumers overseas from enjoying high-quality,
00:04:30.460 wholesome American beef.
00:04:32.260 The NCBA will continue engaging with the White House
00:04:35.320 to ensure fair treatment for America's cattle producers
00:04:38.500 around the world
00:04:39.860 and optimize opportunities for exports abroad.
00:04:43.340 The Steel Manufacturers Association also praising Trump.
00:04:47.720 And again, you will not be hearing these statements from the media.
00:04:52.100 And that's why I'm giving them to you right now.
00:04:54.660 The steel manufacturers said this,
00:04:56.540 President Trump is a champion of the domestic steel industry,
00:05:00.240 and his America First trade policy
00:05:02.380 is designed to fight the unfair trade
00:05:04.900 that has harmed American workers
00:05:06.860 and weakened manufacturing in the United States.
00:05:09.740 The recently reinvigorated 232 steel tariffs
00:05:13.580 have already started creating American jobs
00:05:16.380 and bolstering the domestic steel industry.
00:05:19.380 President Trump is working to turn America
00:05:21.220 into a manufacturing powerhouse,
00:05:23.740 and the steel tariffs are driving that movement.
00:05:27.320 The Alliance for American Manufacturing
00:05:29.820 also putting out a statement talking about
00:05:32.080 this is a game-changer for American workers,
00:05:35.060 saying today's trade action prioritizes
00:05:37.620 domestic manufacturers and the American workers.
00:05:41.540 These hardworking men and women
00:05:43.360 have seen unfair trade
00:05:45.460 cut the ground from beneath their feet for decades.
00:05:48.820 They deserve a fighting chance.
00:05:50.800 Our workers can out-compete anywhere in the world,
00:05:53.760 but they need a level playing field to do it.
00:05:56.320 This trade reset is a necessary step
00:05:58.520 in the right direction.
00:06:00.020 The National Electrical Contractors Association CEO
00:06:03.140 also saying this,
00:06:04.620 President Trump has consistently prioritized policies
00:06:07.780 that put the electrical industry as a priority,
00:06:11.480 and we recognize his commitment
00:06:12.940 to strengthening our nation's economy.
00:06:15.820 As these new tariffs take effect,
00:06:17.460 we look forward to working with the administration
00:06:19.120 to ensure that electrical contractors
00:06:22.080 and the entire electrical industry
00:06:23.840 can continue powering America efficiently
00:06:26.720 while navigating potential costs
00:06:28.760 and supply chain challenges.
00:06:30.760 These are just some of the major industries
00:06:34.000 that are backing the president's move.
00:06:36.820 Now, of course, the media is going to tell you
00:06:38.600 this is a disaster,
00:06:39.920 that it's going to hurt our economy,
00:06:41.700 that it's starting a trade war.
00:06:44.240 President of the United States of America
00:06:45.960 making it very clear,
00:06:47.380 I am here to stand up for the American worker.
00:06:50.680 In a few moments,
00:06:51.900 I will sign a historic executive order
00:06:54.160 instituting reciprocal tariffs
00:06:57.620 on countries throughout the world.
00:06:59.640 That means they do it to us
00:07:02.580 and we do it to them.
00:07:04.380 Very simple.
00:07:05.200 It can't get any simpler than that.
00:07:10.060 This is one of the most important days,
00:07:12.760 in my opinion,
00:07:13.780 in American history.
00:07:16.200 It's our declaration
00:07:17.360 of economic independence.
00:07:20.140 For years,
00:07:20.760 hardworking American citizens
00:07:22.340 were forced to sit on the sidelines
00:07:24.320 as other nations got rich and powerful,
00:07:27.260 much of it at our expense.
00:07:30.060 But now it's our turn to prosper
00:07:32.220 and in so doing,
00:07:33.960 use trillions and trillions of dollars
00:07:36.140 to reduce our taxes
00:07:37.580 and pay down our national debt
00:07:39.420 and it'll all happen very quickly.
00:07:41.940 With today's action,
00:07:43.420 we are finally going to be able
00:07:45.220 to make America great again,
00:07:47.460 greater than ever before.
00:07:49.380 President Trump wasn't the only one
00:07:53.900 excited about what this can do
00:07:55.600 for the country.
00:07:56.620 Speaker Mike Johnson saying
00:07:58.020 President Trump is sending
00:07:59.200 a clear message
00:08:00.220 with Liberation Day
00:08:01.640 that America will not be exploited
00:08:03.620 by unfair trade practices anymore.
00:08:06.840 These tariffs restore fair
00:08:08.360 and reciprocal trade
00:08:09.680 and level the playing field
00:08:11.160 for American workers and innovators.
00:08:13.480 The president understands
00:08:14.860 that free trade only works
00:08:16.800 when it's fair.
00:08:18.380 Governor Jeff Landry of Louisiana,
00:08:20.640 a very important state
00:08:21.680 when it comes to shipping,
00:08:23.060 said this,
00:08:24.220 it's pro-jobs, pro-business
00:08:25.900 and pro-America.
00:08:27.480 Senator Jim Banks saying
00:08:28.660 the decision by President Trump today
00:08:30.320 to impose reciprocal tariffs
00:08:31.840 will be so good for Indiana.
00:08:34.900 Those are the manufacturing jobs
00:08:36.900 that President Trump
00:08:37.700 is bringing back from overseas.
00:08:40.200 Senator Bill Cassidy saying
00:08:41.600 the president's trade agenda
00:08:42.700 can pave the way
00:08:43.780 for stronger trade deals,
00:08:45.840 fairer rules and real results.
00:08:47.720 I'm excited to work
00:08:48.860 with President Trump
00:08:49.480 to make it happen.
00:08:50.600 Louisiana workers and families
00:08:52.080 deserve nothing less.
00:08:53.900 And the president wasn't done there.
00:08:55.900 He also had this to say
00:08:57.680 about the reciprocal tariffs
00:08:59.480 and why it is working
00:09:00.760 the way that he is doing it.
00:09:02.460 The tariffs will be
00:09:04.120 not a full reciprocal.
00:09:06.740 I could have done that,
00:09:07.780 I guess,
00:09:08.480 but it would have been tough
00:09:09.860 for a lot of countries
00:09:10.740 who didn't want to do that.
00:09:11.820 I'd like to see the chart
00:09:12.920 if you have it.
00:09:14.000 Could you bring it up, Howard?
00:09:15.480 This is our great Secretary of Commerce,
00:09:19.920 Howard Lutnick.
00:09:21.840 Thanks, Howard.
00:09:24.140 So if you look at that,
00:09:26.900 China, first row,
00:09:28.260 China, 67 percent.
00:09:30.360 That's tariffs charged to the USA,
00:09:33.620 including currency manipulation
00:09:35.920 and trade barriers.
00:09:37.200 So 67 percent,
00:09:39.140 I think you can,
00:09:39.800 for the most part, see it.
00:09:41.140 Those with good eyes,
00:09:42.120 with bad eyes.
00:09:43.200 We didn't want to bring,
00:09:44.020 it's very windy out here.
00:09:45.300 We didn't want to bring out 1.00
00:09:46.080 the big charts
00:09:46.720 because it had no chance
00:09:47.800 of standing.
00:09:48.860 Fortunately,
00:09:49.580 we came armed
00:09:50.300 with a little smaller chart.
00:09:52.020 So it's 67 percent,
00:09:53.480 so we're going to be charging
00:09:54.520 a discounted reciprocal tariff
00:09:56.920 of 34 percent.
00:09:57.960 I think,
00:09:58.880 in other words,
00:09:59.320 they charge us,
00:10:00.240 we charge them,
00:10:00.900 we charge them less.
00:10:01.760 So how can anybody be upset?
00:10:03.520 They will be
00:10:04.100 because we never charged
00:10:05.100 anybody anything,
00:10:06.140 but now we're going to charge.
00:10:08.720 European Union,
00:10:09.780 they're very tough,
00:10:10.660 very, very tough traders.
00:10:11.920 You know,
00:10:13.780 you think of European Union,
00:10:15.440 very friendly.
00:10:16.260 They rip us off.
00:10:17.280 It's so sad to see. 1.00
00:10:19.000 It's so pathetic. 0.98
00:10:20.740 Thirty-nine percent, 0.99
00:10:22.100 we're going to charge them 20 percent,
00:10:23.800 so we're charging them
00:10:24.560 essentially half.
00:10:25.980 Vietnam,
00:10:26.880 great negotiators,
00:10:28.400 great people.
00:10:29.700 They like me,
00:10:30.360 I like them.
00:10:30.940 The problem is,
00:10:31.720 they charge us 90 percent.
00:10:33.540 We're going to charge them
00:10:34.280 46 percent tariff.
00:10:36.460 Taiwan,
00:10:37.380 where they make,
00:10:38.000 they took all of our
00:10:39.300 computer chips
00:10:40.620 and semiconductors.
00:10:41.860 We used to be the king,
00:10:42.960 right?
00:10:43.280 We were everything.
00:10:44.740 We had all of it.
00:10:45.980 Now we have almost none of it
00:10:47.340 except the biggest company
00:10:48.520 is coming in.
00:10:49.220 They're going to have,
00:10:49.780 we're going to end up with
00:10:50.420 almost 40 percent.
00:10:51.640 Lee Zeldin's working
00:10:52.540 to get their approvals.
00:10:54.240 And it's an amazing company.
00:10:56.120 Mr. Wei,
00:10:57.320 of one of the great companies
00:10:58.720 of the world,
00:10:59.400 actually,
00:10:59.840 they're coming in from Taiwan
00:11:01.320 and they're going to build
00:11:02.060 one of the biggest plants
00:11:03.440 in the world,
00:11:04.000 maybe the biggest for that.
00:11:05.860 But 64 percent,
00:11:07.160 we're going to charge them
00:11:07.880 32 percent.
00:11:08.960 Japan,
00:11:09.940 very, very tough,
00:11:11.240 great people.
00:11:13.320 And again,
00:11:13.760 I don't blame the people
00:11:14.680 for doing it.
00:11:15.700 It's,
00:11:16.120 I think they're very smart
00:11:16.940 in doing it.
00:11:17.320 I blame the people
00:11:18.080 that sat right in that
00:11:19.040 oval office,
00:11:19.640 right over there,
00:11:20.940 right behind the resolute desk
00:11:22.440 or whichever desk they chose.
00:11:25.480 Japan,
00:11:26.120 46 percent.
00:11:27.180 They would charge us 46 percent
00:11:28.880 and much higher
00:11:29.900 for certain items
00:11:30.800 like cars,
00:11:32.120 you know,
00:11:32.300 little items like cars.
00:11:34.160 46 percent,
00:11:35.180 we're charging them 24 percent.
00:11:37.260 India,
00:11:37.780 very,
00:11:38.180 very tough,
00:11:38.760 very,
00:11:39.220 very tough.
00:11:40.280 The prime minister
00:11:41.520 just left
00:11:42.260 and he's a great friend
00:11:43.620 of mine,
00:11:43.980 but I said,
00:11:44.540 you're a friend of mine,
00:11:45.420 but you're not
00:11:46.400 treating us right.
00:11:47.660 They charge us 52 percent.
00:11:49.340 You have to understand,
00:11:49.980 we charge them almost nothing
00:11:51.100 for years and years
00:11:52.100 and decades.
00:11:52.860 And it was only
00:11:54.140 seven years ago
00:11:56.160 when I came in,
00:11:57.580 we started with China
00:11:59.040 in charge
00:11:59.440 and we took in
00:12:00.100 hundreds of billions
00:12:01.400 of dollars
00:12:02.000 from China
00:12:03.180 in tariffs
00:12:04.280 and they understood,
00:12:06.220 honestly.
00:12:07.320 President Xi understood.
00:12:08.540 He said,
00:12:08.860 look,
00:12:09.060 I understand
00:12:09.680 and the other countries
00:12:10.780 and they all understand
00:12:11.800 we're going to have to go
00:12:13.020 through a little tough love,
00:12:14.100 maybe,
00:12:14.820 but they all understand.
00:12:16.000 They're ripping us off
00:12:16.880 and they understood it.
00:12:18.120 So the big takeaway
00:12:19.360 from the president
00:12:20.340 of the United States
00:12:21.240 of America is this.
00:12:22.780 These are countries
00:12:23.720 that are doing this
00:12:24.780 to us first
00:12:25.680 and have been doing it
00:12:26.640 at a much higher rate.
00:12:27.860 We are not going back
00:12:29.340 with the same number
00:12:30.120 that they're putting
00:12:30.800 on our goods
00:12:31.780 and services.
00:12:32.980 And this is a time
00:12:34.120 for us to have
00:12:34.980 free and fair trade
00:12:36.800 where America
00:12:37.660 is not being taken
00:12:38.540 advantage of.
00:12:39.560 There is no doubt
00:12:40.560 that the media
00:12:41.120 is going to use this moment
00:12:42.240 to attack the president.
00:12:43.640 But remember
00:12:44.300 the people
00:12:45.340 that I told you about
00:12:46.660 earlier in their statements.
00:12:48.380 Real American workers, 0.56
00:12:49.840 organizations,
00:12:50.540 saying it is long overdue
00:12:52.440 and this is going
00:12:53.760 to be good
00:12:54.300 for America long term.
00:12:56.280 That is exactly
00:12:57.140 why the president
00:12:57.960 is calling it
00:12:58.620 Liberation Day
00:12:59.560 and why so many
00:13:00.960 American workers
00:13:01.800 are celebrating
00:13:02.640 this big win.
00:13:04.320 Thank you for listening
00:13:05.460 to this 47 Morning Update
00:13:07.400 special edition
00:13:08.280 with Ben Ferguson.
00:13:10.000 Please make sure
00:13:10.960 you hit subscribe
00:13:11.900 wherever you're listening
00:13:13.360 to this podcast
00:13:14.180 right now.
00:13:15.320 And for more
00:13:15.900 in-depth news,
00:13:17.080 also subscribe
00:13:17.920 to the Ben Ferguson podcast
00:13:19.440 and we will see you
00:13:20.780 back here tomorrow.
00:13:21.600 This is an iHeart podcast.
00:13:27.080 Guaranteed human.