
Episode 4240: Tariffs Unleashed On Canada, Mexico, And China ...
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Becky Quick
The high risk, high reward proposition. If it works, I would expect this to mark a new era in US Foreign policy, one in which a broader set of economic tools are on the table. Kellyanne Shaw joins us now for more. Kellyanne, welcome to the program. I just want to go back to the first term because I think we all familiarized ourselves with section 232, National Security 301 unfair trade practices. This was new over the weekend. They used the International Emergency Economic Powers Act. Kelly, what do people need to know about the use of that tool and whether it might be challenged?
Kellyanne Shaw
Yeah, thank you so much for having me back on this morning. It's certainly an interesting Monday for any company who's operating in the United States, Canada, Mexico and China or have supply chains in any one of those economies. So ieba, right? This is the first time that a president has invoked tariffs on the basis of a national emergency. And IEBA is a national security authority. It is different than 232 or Section 301, which supported the steel and aluminum tariffs and the China tariffs. Those had an investigation that made findings about the threat of imports or discrimination or unfair trade practices. This is about a pure emergency and national security issue, which the president has identified as fentanyl and illegal immigration.
Steve Bannon
So, Kelly, when the national security threat is resolved, what happens next?
Kellyanne Shaw
Do the tariffs get lifted? Well, presumably. And if you look at the three executive orders that the president issued on Saturday, the legal basis for expanding the national emergency is the illicit flow of. So when those issues are addressed, presumably the legal basis for sustaining the tariffs would no longer be there. So my expectation is that these are tariffs that are targeted towards this national security issue, and that as soon as Canada, Mexico and China and the United States are able to agree on a resolution, that the tariffs would go away.
Kevin
All right, Kevin, this is really interesting. Just the idea that maybe there's something that could be negotiated. Let me just make sure that I'm understanding this correctly from you. There's something that could be negotiated in the next 24 hours, in the next several days that would mean the tariffs would either not be put on or would come back if it were to satisfy President Trump's concerns about what's happening at the border and the protections there that are taking this. I mean, we're calling it a trade war because Canada has already said that they're going to retaliate across the board with, you know, tariffs on alcohol, coffee, clothing and shoes, furniture, household appliances, whiskeys, fruit from Florida, all of these issues. You're saying that this is really more of a negotiation to try and say, no, we want more focus on the border. And if you give that to us, these go away.
You know, this is not what I'm saying. People need to read the executive order. President Trump is about the fentanyl crisis, right? No. So I don't know how somebody reads the executive order if you're Canada and then comes back and says, oh, this is. We're going to start a trade war. We're saying we're really, really serious about going after fentanyl, and President Trump means it. And so there's all this fentanyl shipping across the borders. There in the past have been caravans of people parading across our border carrying drugs and other things. And the response of our neighbors has not been, hey, we're going to help you stop this problem. It's go ahead and build a wall. So, so imagine, Becky, if I had, like, all this stuff going on in my house next to yours, and all this stuff was leaking into your property, and then you say, kevin, you got to stop all that crime in your place. And I, hey, you know what, Becky? Build a wall. That's what you know. And this is the attitude the President has towards what's going on right now. He wants them to be respectful of the United States and help solve the problem rather than feed it.
Kellyanne Shaw
What is the chances that this gets resolved today and there's an 11th hour agreement before midnight? Well, there's always a chance, right? I mean, this is a negotiation. The United States is requesting something from all three countries, and we have a call set up with Prime Minister Trudeau, President Sheinbaum today, with the President direct, which I do think is a good sign. Right. These conversations have progressed to the top. And what was striking to me on Saturday following the President's announcement and the issuance of these executive orders was President Trudeau's press conference in which he said he had not had conversations with the President all week about this specific issue. So I do think that a call is trending in the right direction. But whether or not what Canada and Mexico offer the United States is enough will be a decision by the President and the President alone.
Kevin
I haven't seen these figures myself, say that something like only 40 pounds of fentanyl was found at the, at the Canadian border versus a huge, much huger position down in the south part of this border. This is a way to get people to the table to say, we are going to attack this and work with you. And that would call off all of these tariffs that are going to be put in place.
President Trump will decide what he's going to call off and what he's not. But he wants everybody at the table.
There's not a clear set of standards that say if you do X, Y and Z, this won't happen.
Well, they clearly haven't done it in the past. And, you know, the amount of organized crime in the fentanyl space in Canada is also very disturbing. And so it's not just a measure of like £40 here and there. The fact is the President has set a very clear guideline for people to work with him collaborately. These are some of our best trading partners and our best friends to solve this incredible problem that has been spinning out of control, you know, and they've not really been addressing it. Again, I in Edmonton last summer, I walked out of my hotel and they had an ambulance there helping somebody who had OD'd sadly on fentanyl. And then as I'm walking to my restaurant, two people get in a fight with the cops over drugs right there, just in downtown Edmonton. And this is just my one day when I'm staying there. And the fact is that Canada is like San Francisco and it's spreading to the US and it needs to stop. And that's what the Canadian people want and it's what the American people want. So you think this goes on for only a couple of weeks? Tell me why.
Economic Analyst
Because it's going to be very painful for all sides. Right. This, these tariffs has potential to knock off about 3 to 5% of U.S. earnings. Right. You're only looking about 9 and a half to 10% earnings growth this year. So you're at the worst case scenario. You're cutting those in half.
Kevin
Meaning you think the companies are going to pay for this? It's not going to get passed on to consumers?
Economic Analyst
No. So it's going to hit. It's going to hit both sides. Right. So it raises import costs, and then also it's going to hit consumers as well. So consumers necessarily are going to start to try to think about how they can get around these things. But when you're thinking about auto exports and, you know, company cars that people drive, that's an issue.
Kevin
But economic potential impact at the administration.
You know, we're working on getting the final numbers for the president's budget as we speak. But I can tell you that the growth that we saw in President Trump's first term pre Covid is looking like it's going to be a low number compared to what we get when we Run all of president policies through the president's budget. And again, I would ask people to do this, and I've been very public about this, you know, on your show last fall, that if you want to analyze the policy effect of the Trump administration, you need to look at all of them and not just take like a couple of papers that say that tariffs are bad and say that's the whole thing that's going to happen. But if we model the whole thing, that we're definitely getting growth that, as the president said, looks like a golden age to us.
Stephen K. Bannon
This is the primal scream of a dying regime.
Steve Bannon
Pray for our enemies, because we're going medieval on these people. Christians not got a free shot on.
Stephen K. Bannon
All these networks lying about the people.
Steve Bannon
The people have had a belly full of it.
Stephen K. Bannon
I know you don't like hearing that.
Steve Bannon
I know you try to do everything in the world to stop that, but.
Stephen K. Bannon
You'Re not going to stop it.
Steve Bannon
It's going to happen.
Kevin
And where do people like that go.
Steve Bannon
To share the big lie? MAGA I wish in my soul, I wish that any of these people had a conscience.
Stephen K. Bannon
Ask yourself, what is my task and.
Steve Bannon
What is my purpose? If that answer is to save my.
Stephen K. Bannon
Country, this country will be saved.
War Room here's your host, Stephen k. Ban.
Steve Bannon
Monday the 3rd of February in the year of our Lord 2025 days of thunder continue on. And I think it's very important now to, for the War Room posse because we do have a lot of work to do. We have confirmations. We got to get up on the ramparts on a little bit later. But to unders, I think, understand or begin to understand what's going on. This is obviously the flood the zone strategy to the nth degree, and it's a little bit broken. The Democrats, Chuck Schumer, in fact, I think, I don't know if we have the tape, but he's in semaphore and we're hunting for the tape where he says, we're not going to fall for Bannon's flood the zone strategy. We're going to focus. Well, so far they haven't focused. They've been overwhelmed Right there. We just did the tariffs and I want to get to that in a second since obviously we're very, we're pro the American system from Alexander Hamilton, which is protectionist and tariffs are part of it. President Trump's philosophy is that this is a premium market and you got to get through the golden door. You got to pay a premium price. Now, he used in this effort, he used A what's called the emergency authorization put in back in the time of Nixon, after Nixon, remember we talked about Nixon, the gold standard. Nixon started throwing tariffs around and they wanted a little bit to control him. So they had a set of criteria you had to have for to call an emergency. This is not the 301s and the 302s we used in the first term as they laid out there to get the, to get to basically remember Alcoa and particularly US Steel, to get the steel and aluminum tariffs. This is much more of a national emergency measure now. So President Trump is doing that. I use this term geoeconomic and geostrategic. Take your number two prints a lot and write those down. Geo, economic and geostrategic. And they're inextricably linked. This is combining geopolitics with obviously national security and military strategy, national strategy with economic strategy. Right now we have Pete Hegseth is going to the border to make sure the US army and the Marine Corps are all deployed along the border so we can shut down, seal the border. Tom Homan's reporting that I think 93% drop in folks coming across the border. We're almost sealed. That part of it is Mexico, you know, understanding what's going on here, that President Trump is playing hardball, the hardest ball you can play, which is really to put up a moat or to put a toll to get into this lucrative market of the United States. Because to be brutally frank, Canada and Mexico cannot exist. They will go into a depression immediately if they can't get access to the US Market. Marco Rubio's in Panama was Marco, Marco, Rudy goes to Panama, has, I don't know, a 30 minute meeting. And the Panamanian president says, okay, we're at a one belt, one road, remember, one belt, one road. This is the Chinese networking system of using predatory capitalism like the British East India Company to basically encircle the Eurasian landmass, also to encircle the United States in the Western Hemisphere. President Trump's strategy, his initial strategy, is a hemispheric defense of not just North America, but Central America and Latin america. Monroe Doctrine 2.0, you throw Canada in there and it makes total logic for the Canadians to partner up with us to end their alignment with the British dominions and to partner with us because of the Arctic, the new great game of the 21st century. Also the economics relating to trade with them, particularly specifically the western provinces, oil and gas, which have also the cultural affinity, not a whole lot of difference between the western part of Canada and, I don't know, places like Montana, Wyoming, Idaho, North Dakota, Colorado, Utah, the American west. Actually, let's throw in Oklahoma and Texas in there, too, for good measure. Don't be President Trump is using means and tools to do this. At the same time, he's taken down the administrative and the deep state. He's got Emil Bovey and we don't have confirmations. We're gonna get to that in a second. Emil Bovey, who's number three in the Justice Department, is essentially taking over the FBI. The Justice Department, I don't know. He's also Tom Holman's and Kristi Noem's partner on the raids. He's. He's overseeing the raid in Chicago. He's totally starting to deconstruct the FBI in the DOJ even as we speak. Elon Musk, on the other hand, is out, I don't know, monitoring or it's very uncertain how close he is to having his hands on the checkbook at treasury, but somehow they have some sort of involvement, at least some monitoring, and somebody in the government, I don't know who it is, but somebody at a pretty high level I think is monitoring either okaying the checks. I don't know if the Secretary, treasury or somebody at the White House, but they've gone to both the OMB memo the other day to find out where the cash is and to halt payments that didn't last too long, just to find out in the system where the money is, where the cash is, where it's going. Then you go back to the railhead. Treasury actually cuts the checks. Elon Musk also overnight, has taken out or said to take out with Trump's permission, they may have to get a statutory change here with President Trump's permission. Usaid, which, you know, on this show we've had Mike Benzon for years. That's a cutout for the Central Intelligence Agency and not just international bad actions, right? Spread money all over with hell's half acre to who knows what, but also use her domestically. Flood the zone. You go down any vertical. National security, immigration, ending the wars in the Middle East. Bibi's en route. Zelensky saying he only gets $77 million. Harnwell's gonna be on later. Zelensky's literally saying, I only get of the 250. The 250 billion only gets 77 billion. I don't know where your money is. But geo economically, it's more than just tariffs. This is more than just tariffs. Short commercial break We're Gonna explain it all to you.
Stephen K. Bannon
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Steve Bannon
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Steve Bannon
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Kevin
All right, Kevin, this is really interesting. Just the idea that maybe there's something that could be negotiated. Let me just make sure that I'm understanding this correctly from you. There's something that could be negotiated in the next 24 hours, hours in the next several days that would mean the tariffs would either not be put on or would come back if it were to satisfy President Trump's concerns about what's happening at the border and the protections there that are taking this. I mean, we're calling it a trade war because Canada has already said that they're going to retaliate across the board with, you know, tariffs on alcohol, coffee, clothing, clothing and shoes, furniture, household appliances, whiskeys, fruit from Florida, all of these issues. You're saying that this is really more of a negotiation to try and say, no, we want more focus on the border, and if you give that to us, these go away.
You know, this is not what I'm saying. People need to read the executive order. President Trump is about the fentanyl crisis, right? No. So I don't know how somebody reads the executive order if you're Canada and then comes back and says, oh, this is. We're going to start a trade war. We're saying we're really, really serious about going after fentanyl. And President Trump means it and so there's all this fentanyl shipping across the borders. There in the past have been caravans of people parading across our border carrying drugs and other things. And the response of our neighbors has not been, hey, we're going to help you stop this problem. It's go ahead and build a wall. So, so imagine, Becky, if I had like all this stuff going on and in my house next to yours and all this stuff was leaking into your property. And then you say, Kevin, you got to stop all that crime in your place. And I'm like, hey, you know what, Becky? Build a wall that's respectful. And, you know, this is the attitude the President has towards what's going on.
Steve Bannon
There is authorization, but let's get to signal, not noise. I'm going to go back to President Trump and I realized the executive order and this is one major element. This is the geo economic, geo strategic part of this. This is about putting in an America first national security policy and a economic nationalist economic plan. And if Denver would be so kind to put these up as I read them, this is from a guy named Donald J. Trump the tariff as a setting this up. Paul Gigio in the Wall Street Journal, which you know, if you mention War Room or Steve Bannon, they will spit right on the floor. Right. They're anti populist, anti economic nationalists. They are global. The neoliberal neocon paper worse than the Financial Times, if you can believe that. They wrote a brutal takedown of President Trump about the tariff plan. Brutal takedown and kind of got nasty and a little personal. Which as you know, sits real well with Trump. Right. The tariff lobby headed by the globalist and always wrong. And I'm quoting here from President Trump. The tariff lobby headed by the globalist and always wrong. Wall Street Journal is working hard to justify countries like Canada, Mexico, China and too many others to name continue the decades long rip off of America all cap both with regard to trade crime and poisonous drugs that are allowed to so freely flow into America. Those days are over. The US has major deficits with Canada, Mexico and China. And almost all countries owes $36 trillion. And we're not going to be the stupid country any longer, period. Let me continue. Let me make a note for people that have contacted me. The $36 trillion is our national debt is not what he's saying. Other countries owe us. There's been a mis, misreading of that. Where President trump, they're saying 36 tree and 37. Hey, we're rounding up, right? I continue on and we're not going to be the stupid country any longer. Make your product in the USA and there will be no tariffs. Let me repeat that from President Trump. Make your product in the USA and there are no tariffs. Why should the United States lose trillions of dollars in subsidizing other countries? And why should these other countries a small fraction of the cost of what USA citizens pay for drugs and pharmaceuticals as an example. This is the next one. If you can put up the true soldier goes for a while. This will be the golden age of America.
Stephen K. Bannon
Will there be some pain?
Steve Bannon
Yes, and maybe and maybe not. But we will make America great again and it will all be worth the price that must be paid. We are a country that is now being run with common sense and the results will be spectacular. He continues on I want to throw this one in there, too. One actually part of the whole thing, I don't think, but I want to tack this on. We pay hundreds of billions of dollars to subsidize Canada. Why? There is no reason. We don't need anything they have. We have unlimited energy. Should we make our own cars and have more lumber that we never use? Without these massive subsidies, Canada ceases to exist as a viable country. Let me repeat this from President Trump. Without these massive subsidy, Canada ceases to exist as a viable country. Harsh but true. Therefore, Canada should become our cherished 51st state. Much lower taxes and a far better military protection for the people of Canada and no tariffs. The mechanism to do this, the national emergency called, was about drugs, was about fentanyl, which is chemical warfare. And it is a national emergency and this has to be done. The Chinese Communist Party are using this as a. Are using this as a. Are using this as the, you know, reverse opium war where we lose, I don't know, 100,000 people a year. And the cost of the zombies that are left because of this heinous drug, the costs are going to be in the trillions of dollars of taking care of people and it's gutting our community. So it is a national emergency. But there's something also deeper here. This is President Trump's idea, his concept of economic nationalism, the External Revenue Service, to take the burden off American corporations and the American people. Just not all internal revenue that you can have substantial external revenue. And if people are not going to, you know, not going to work with us, there's going to be a penalty to pay. And in addition to everybody, this is a premium market. It's like buying a skybox at a sporting event or going the first Row at a concert, there's a premium. And you, the common man and woman, labor in the vineyard like Burke's little platoons to provide the substrate of civic society of which you have the stability of the United States. Did I say anything about gold as a hedge? Gold hit. Can we double check? Gold hit.2834. Remember, I don't hawk the price of gold. I think I've talked about the price of gold, I don't know, 20 times in four years. I always tell you it's a hedge against times of uncertainty. What do people flock to? What the world central banks flock to overnight. Two things, the dollar and gold. These are uncertain times, folks. This strategy of President Trump is on one level quite clear directionally where he's going. But it could get a little complicated. There could be some zigs and zags. They may be a speed bump or two. Look what's happened in the last 72 hours, just geostrategically. He's engaged now, I think this morning in a call with the Mexican president who I think she's trying to. This punch list they've given her, I think she's trying to sort it out. Here's why. At 25% tariffs, I'm not sure Mexico exists. Canada is thrown into a beyond a recession, probably a depression, but I'm not so sure Mexico exists or goes down to its core root of the narco state that the cartels have done. And remember, she's the acolyte of the last guy, the populist, the left wing populist who's owned totally by the cartels. This is why the cartel war stopped. This is why we declared them a terrorist organization. This is why we're probably going to go in and go full sicario on them, paramilitary operations or more. Think of what Trump is doing in the Western hemisphere. This is hemispheric. Trump wants to consolidate, drive the CCP out of here, which have been allowed to fester. Look at the APEC meeting back in Chile earlier. They were all over it. Drive the CCP with Bolsonaro and with Milei out of Latin America. Drive them out of Central America with ourselves. Drive them out of Canada because they're all in Canada. Participate in the great game, the new great game of the 21st century. Just like Afghanistan, Pakistan, between the Russian and British empire in the 19th century, about India. This is the Arctic, whether you like it or not. Hey, we don't make all the rules of the game. The Russians and the Chinese are all over there, number one, the Chinese and The Russians with the ballistic missiles up there think they can get a clearer shot of the United States. Don't think they won't take that shot. Chinese Communist Party, Russia, I don't know. Chinese Communist Party. Like Mao said, hey, you lose a couple hundred million Chinese, big deals. They'll replicate. That's how callous they are. Canada's greatest protection, the Arctic and their northern border is now their soft underbelly. President Trump from Greenland to Panama and Panama folded. They're all folding like cheap suits. Nobody's going to be able to withstand Trump right now. He's gone full savage because he's not going to play around, right? He's getting a little older. He understands the clock's ticking. He's hammering the administrative state. He's hammering the deep state. He's hammering. He's hammering geostrategically and geo economically. In a bombshell again, Harold, bombshell last night, Zelensky, you can't make this stuff up. Did we warn you about this? Didn't we warn you about this, Zelensky? Because now he understands the auditors are going to get close. You're going to have any kind of deal. The Americans are going to get in and start looking at the books. Hey, I only got $77 billion. I don't know where the rest of the money went. Don't know. Hey, well look, I think, I think I can kind of put maybe a tracer on that. I'd start in Monaco, maybe look down there in, you know, some nice villas in the south of France. I think go to south of France, maybe the west end of London. Right. A couple of three places the oligarchs traditionally hang out. I think we can find Zelensky. I think we'll find it. But it's nice that you mentioned that. You're saying you're 102 billion short, is that what you're telling me? Actually we counted as 250, so you bet 180 short. But hey, we're just rounding up for friends. President Trump, Geo economics, Geo strategy on a Monday morning. Redefining. He's redefining the problem. He's going to secure the homeland next.
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Steve Bannon
Here's your host, Stephen K. Band. This is a, this is a major reorientation of our country, of the model of national security, all of it. And things will flow from this. This is how you cut the defense budget. This is how you make other things happen. This is how you get wages up. This is how you take down the administrative state and shutter the deep state. What's the brilliance of it? It's happening simultaneously. This is why it's been years in the making. This didn't happen after November 5th. This has been years in the making. And the people he selected we're going to have grace hopefully up in the next hour. We're going to talk about we got to get on the ramparts today. Got to get on the ramparts. We got to get these nominees across. Got to get cash across. Got to get Tulsa Tulsi's, I don't know. Got to convince Todd Young. Not yet. Just hold off on it. I will get marching orders here shortly. Todd Young Cassidy on on. Bobby President wants his team now. More now. He's convinced beyond all doubt. He wants his team right. Sees what's going on when Go back to Rubio's. Go back to Rubio's opening statements in the Secretary of State hearing. This is why we covered this. This is why we covered these. In specific moments we covered, he laid, I says the end of the post war international rules based order. The American empire because that system has deteriorated and been turned and used by the globalists against the American people whose shoulders it rest upon. It might have worked for a while but once you got this Praetorian guard of the deep state, it stopped working. It worked for them. It worked for the globalists. It worked for the oligarchs and lords of easy money and Wall street, but stopped working for the American people. That's what this is all about. This is what President Trump's populist nationalist agenda is about step one is secure the hemisphere. Go back to the Founding Fathers, to Monroe and the others, that we don't want Europe and we don't want Europe, and now we don't want Asia in the Western Hemisphere. That's American territory. And we're going to secure that step one from Panama, from the Panama Canal, all the way to Greenland. It's a naval strategy. It's based on Mahan. You block off the navies of the world, particularly the Russian navy, from coming out of their Arctic bases up there in Murmansk and Archangel, their attack and ballistic missile submarines that come down and threaten the United States. You block them right there, or you can track them so closely that they can't do anything. You go, pop, pop anything. The balloon goes up, they're done. You stop the Chinese navy and the Russian navy from ever, you know, all this nonsense they're doing to Venezuela and all this nonsense they do in the Caribbean, around Cuba. It stopped. You then partner with Canada somehow and you get that soft underbelly. And you're in the Arctic because you got to be. Because China, it's a great power struggle up there. So you've secured that. You're in the process of securing it, plus you make it an economic powerhouse. And you do this by. People are going to pay premiums or cut deals. So you're not going to game the system. The German automotive companies are not going to be able to come over and just build the plants in Mexico. This is Trump's stopping the nonsense. No games. No games. He's tired of the games. He's tired of them using the World Trade Organization and using these, the technicalities of these trade deals to get around it and to crush the American worker and the American family. It's over. It's over. That's what they don't understand up here. It's over. And geostrategically. And this is why he talks about a dome also. Do I know if it's technically feasible? Does it break the Anti Ballistic Missile Treaty? That'll all be worked out. What he's saying is that when he leaves, he wants the homeland totally secured. It's impenetrable. We have secured borders. We don't have the Chinese around here. We're a naval power like we were in the Second World War. We got the first island chain in the Pacific, the second island chain, the third island chain, the Chinese Communist Party, is kind of blocked to the Eurasian landmass. There you can contain them and we'll figure it out. But now they can't affect the United States. They can't get in and launch a ballistic missile for some submarine. They can't, they can't continue to deliver the fentanyl, all of it. This concept of the golden door is that this market's a premium market. It's not a regular market. It's a premium market. And Trump understands this. You're going to pay a premium price to get in Europe, China, Saudi Arabia, all of it. Germany. It's a total reorientation. At the same time he's going after both elements of the administrative state and the deep state. The memo from OMB and getting control of the checkbook and treasury are two sides of the same coin. Don't let all the news because it's all scattered. There is a program here, a well thought through program. Number one, Trump is flooding the zone. He knows he's broken the system. Did I not say he's a blunt force instrument. He's giving blunt force trauma. Do you see these people on tv? Do you see these newspapers? Do you see the chatters going around Washington D.C. they can't handle it. They can't respond to it. You know why? Because they've gotten lazy and dumb as our rulers. Because so many people, and this is why I say about conservatives, Republicans, we bowed down to this. We were afraid of this. This man is fearless. He does not give two Fs. They tried to put him in prison for 300 years. They tried to assassinate him. They've done everything. Tried to bank rob him, destroy his family, all of it. He's, he's overcome that. His superpower is his resilience and his focus. And this is happening. Think about this for a second. Because we monitor these things 24 7. He took apart the FBI. The first stage of taking apart the FBI and getting rid of guys that wouldn't that anybody that had their hands on remember, they made up. So they were illegal, they were criminals. And going after the J6 people and the right to life and others, the parents, all of it. They're the Gestapo. They got a love tap on Friday. DOJ got a love tap. The guys in D.C. i think he fired 30 of them. Also the U.S. attorney's officers around the country. He's gutting some of those of the bad guys that on Sunday wasn't in the first half hour the MSNBC news. They were so overwhelmed that which would they were dying off because it is, it's 100 times bigger than the Saturday night mat massacre which was undone or reversed, I don't know. Weeks after it was done. The legendary Saturday Night Massacre of Richard Nixon. Because Nixon knew in his heart. Remember the very first meeting they had. It's ever on tape. Nixon names who. Deep Throat is Felt. He goes watch Felt. The deputy director of the FBI. Always watch the deputy directors. Cash Patel. Make sure you get a great one. And he knew they were coming at him with Sirica. The same type of legal coup d'etat they tried to pull on Trump came that close. Thank God for Boris and the team he put together. And thank God for Trump's just superhuman power to withstand this. And yes, I'm going to get to the big thing in a second. There's a couple of big things that are currently not being addressed, and we have to address them because they are existential. But on all the other elements, it's coming together in the fact that it's action, action, action. What did Pasovik say? The violence of action. I didn't say these actions were violent. It's just the system can't respond to our protagonist. It can't. You've seen this. The DNC picked some wimp from Minnesota that, I don't know, sits on some council with the other state party chairs. He's yammering around, not changing. He's committed. They're not changing their message at all. Fine. Thank you very much. They have no populism, no economic nationalism. Fetterman's not around. Rocahonta is not around. Fine. You'll. You'll, you'll just be buried for another 20 years because what you talk about is nonsense and not particularly relevant. But that's fine. You did it. And Schumer and these guys are completely crushed. Do we have the clip from Schumer? Let's play Schumer. This is Chuck Schumer. This is where he's getting at. And this is where he's adamant. He's digging in now. Go ahead. Let's, let's, let's. Let's get him.
Stephen K. Bannon
Great. That's a great question. Yeah. But Bannon has this idea of flooding the zone. He's trying to fool us. Their view is they'll put so many bad things up that we won't pay enough attention to any of them. But we're being. We're being focused. We're being pointed. When this executive order and this funding freeze came out, we focused all our fire on that, even though there are many other bad things being done. And we will return to those bad things. But we're not Letting them trick us with this Flood the Zone strategy. Yes, the worst ones. And there are a lot of them. And we have a lot of energy and we have a lot of talent in our caucus. And you're going to see us focusing on a whole bunch of different things. It just so happened that this funding freeze was so, so broad and so cruel that we knew we could arouse the American people. And one other good thing happened.
Steve Bannon
The American people, okay. We have a lot of energy and a lot of good people. Okay. I'm sure going to see that because I'm not seeing it right now. This should be a lesson to the White House. They, they did try to chop block us the other day. Just bowl over them. It doesn't matter. Just keep rolling. Heck, the OMB memo seems like it was back in the stone age. Remember that? Last week, every day it's a new crisis for these guys because they can't handle it. You can't hear the first part. Can we cut it without the question? And just, I just want to hear after his voice. When you get that ready, give me a thumbs up. This is very important. They're not going to fall for the strategy or flood the Zone. You don't have to fall for the strategy. It's overwhelming you. We've telegraphed it. It's fine. You're overwhelmed because you're so lazy. You have no intellectual pushback. You had the confirmation. Here's where's the intellectual pushback on Tulsi Gabbard? Where's the intellectual pushback on Bobby Kennedy? Where's the intellectual pushback on Cash Patel? Here's what I absolutely love. You want to know what Flood the Zone is? And you want to know what don't give two Fs is by President Trump. Chew on this for a second. We got Cash. Cash is the safest of the three. But folks, until. It ain't over till it's over, okay? Particularly coming out of committee with some of these gutless Republicans up there. The Cash has a long day on Thursday and does great, right? Does great. But it's a long day again. They're coming at him bang, bang, bang. He's, he's great. Cash is being Cash. You've seen him here for four years, right? You know Cash. You have faith in Cash and trust in Cash. Cash going to get there. He's tough, he's resilient. They go to the FBI and do that starting Thursday night, all day Friday. You would think, hey, maybe I got to get Pam Bondi. Because half of Pam Bondi's confirmation hearings about Cash Patel. Maybe I should wait till Pam and Cash get confirmed. No, it's scheduled today. We're doing it today. Come kaboom. Kaboom. Hammered right there. Hammered. And this blown through it. What Even the top top five stories on Sunday in MSNBC. And they understand by losing the FBI, just like USAID, it's not a lot of money. It's 50 billion a year. I say that 50 billion a year just we're tossing around. So we're talking trillions. But the evil it does is, you know, incomprehensible. That's why it's got to go. It's the cutout for the CIA. They say, oh no it's not. No, it's not. It's all for good projects. No, it's not. We're choking off the CIA. We're going to choke off the FBI. And people said, well, Steve, we're the national. You're so concerned about the ccp. No, they hurt us with the ccp. Don't help us. They've been terrible. They're infested. We're doing a terrible job against the Chinese Communist Party. Terrible job against the Chinese Communist party. Their infiltration. Birchgold.com I'm really proud. Overwhelming. And we're going to do something different. We're going to announce the next day or two as soon as we get the package put together. But go the end of the dollar empire. President Trump went off on the bricks. He says we ain't ended the dollar empire. Dollar stronger than ever because of his. Because of flight to safety. A flight to quality. Gold's in an all time high I think this morning. Why is that? I don't know. I think it's causes a hedge against times of turbulence. Do you ever hear that? You ever hear that pitch times of turbulence Monday in the global capital markets. It's turbulent, okay? It's turbulent. That's where they're flocking to gold. Don't take it from me. Talk to the professionals. Birchgold.com Bannon Get Modern Monetary Theory, the six free installment. More importantly, talk to Philip Patrick and the team that gold is a hedge.
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Steve Bannon
War Room here's your host, Stephen K. Bannon. Okay, Mexico spreads a breaking news. Mexico's president says terrorists will be paused for one month after discussion with President Trump. As part of pausing terrorists, Mexico will deploy 10,000 National Guard troops to help secure the border. Work with the US on security. And business markets are surging on the news. We'll double check that right here. Just came across the wire. Let me report this is a Kobayasi letter, but they're also putting out announcements now. Breaking news. Mexico's presence says terrorists will be paused for one month after discussion with President Trump. As part of the pausing tariffs, Mexico will deploy 10,000 National Guard troops to help secure the border, work with the US on security. And business markets are surging on the news. President Trump, he broke Panama yesterday. He broke Colombia the other day. He, you know, he broke this bond that Panama had with the Chinese Communist Party right there in Mexico. And when he says in business, you read in his longer tariff about the tariff lobby, he's not going to let the system be gamed. He's not going to let factories be built in Mexico right across the border or just in Canada where things are going back seven and eight times just to game the system. It's no games. This is a geo economic and geostrategic realignment. A geo economic and geostrategic realignment. It's meaningful and it's, and it's deep and it's going to be long lasting. This is not going to get reversed. You know, it's not reversed because the globalists don't have anything intellectually come back with. They got so lazy being in power so long and having the oligarchs in Silicon Valley that could shut you down so your voice couldn't hear. And quite frankly, part of the reason we're here is this little show called War Room and this audience because they took us off every platform. If it hadn't been for the guys at Real America's Voice in one or two podcast platforms. And we actually had to reach out to a guy and build our own podcast kind of mechanism even to put the show up on podcasts to do it, because they stripped that from us, too. Yep. If you don't fear them and you don't quit, you eventually beat them and now they're on the run. You don't see all the big talkers that come around about NATO. Listen, Trump said, hey, we're at 3.5%, I think 3, 4 or 3, 5% of GDP on going to the national security budget. And I think that undercounts it. It think it undercounts it. He told Europe, you got to go to 5%. You're worried about the Russian army. You get. You got to be at 5%. You're going to do Ukraine. You can put security troops in Ukraine. You're going to put a security force there to guarantee a ceasefire or peace agreement. You better step into play for money and for men, because we're not going to do it. What's going. What you see is going to happen on the Eurasian landmass, we have a Ukraine war. You have World War I and World War II, and it's all around Eurasia in the Pacific. In Eurasia, we're a Pacific power, but it's hemispheric. Going to lock in the hemisphere first, secure everything. So no more invasion in the United states. No more 15 million illegal alien invaders. No more chemical warfare. No more secure it. The actions are bold. Hex is at the border. Secretary of Defense is at the border. Secretary of State's down in Panama. Taking back the canal because we are taking back the canal. President Trump said we're taking it back. You can call it one belt, one road. Tell anything. You know, the China, all the. All the Chinese, you know, billboards are all coming down because you're gonna throw all the Chinese out. Boom. You're going home from Panama. They're all ccp. You're going home. This is bold action. This is. He's. He's the Mack daddy, okay? He's the Mack Daddy. And he's given you the violence of action. And the wimps that ran this country behind shields and behind, you know, in nefarious. Right? They had the platforms, they had the money, they had all. They weren't bold enough to come out and say it to your face. I can't wait till we start adjudicating this. Some of these guys start going to prison. They're going to turn it. They're going to. They're going to turn it real well. There not. It had to have a man. Yes, a man. A throwback to, like, the 1950s, when America was bold and America was direct and America took charge. This is a guy taking charge. Hey, do you have a few, you know, speed bumps and ins and outs, but they found out where that cash is. Am I totally happy that maybe you have outsiders and data? No, I said this is not perfect. It's far from perfect. I think I got a lot of problems with some of the stuff going on. But hey, hey, you got to hammer it down somehow. You saw where the cash went and people exploded. That's what Schumer's talking about. Just seeing where the cash goes. And it's everywhere. This means the cuts are going to be hard. One of my issues here is that a little bit of this is performative. We're not getting to the thing itself. And remember, Eurasian land war has got to stop. Invasion of the southern border. Sidebar, Deconstruct the administrative state. Go after the deep state. But the main thing is called the money. The existential threat that's on top of along with the CCP is the debt. And the clock keeps ticking. You know, Tax Network usa, this is why Tax Network USA solves problems for the individual, like we got to solve for the US Government, because you just can't if you don't deal with it. The interest keeps building. That's what's happening now. It's growing at an accelerating rate. Tax tnusa.com and go and use the code Bannon. You get a cheaper, you get a discount. But they'll take you take your letter that you've hidden away because the fees, the penalties and the interest keep building that. Then the IRS doesn't stop because you put in the drawer. Oh, she put it in the drawer. Doesn't. Okay, fine. Then we're not going to count. It doesn't work like that. Does not work like that. That's where you got to call them. And they'll tell you up front they can help or they can't help, they can't help. Then, hey, call the IRS and go for it. Figure out how you negotiate yourself. But if these guys can help you take a long look because they might be able to cap. They may even get you a discount, maybe a cap. The penalty, the fees, who knows? But they do. Go check them out. TN usa. That's what we need right now. I guess Chip Roy is going to have to be. Somebody's got to step up and be the bad guy. Chip Roy's volunteering. What happened the last couple last week and Doral is a joke. Remember only 170 Republicans showed up. Some of your heroes didn't even go. Guys like Eli Crane. I see Eli right now. He says it's a waste of time. They came out totally folks, I'm not making this up. Washington Post reports the total cuts they came out up with and remember they played this game with the 10 year budget. They say, well Steve, we have to do a 10 year budget. It's statutory. Gotta do it. I got that. But that's all window dressing. Tell me this year and next year. That's all I care about. This is a turnaround. I'm a turnaround guy. I worked on this for decades. I don't care about 10 years from now because you ain't going to get there. We need this year and next year and next year is not guaranteed. How about this year? How about the next 30 days? How about the next 60 days? Days. But no company I ever worked with had a money printing machine. Fiat currency. Did I tell you that gold was an all time high today? No correlation. Times a turbulence. Birch gold. Go check it out. Right. Stuff takes us out next hour on fire on a Monday in the war room.
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Podcast Summary: Bannon's War Room – Episode 4240: Tariffs Unleashed On Canada, Mexico, And China
Release Date: February 3, 2025
Host/Author: WarRoom.org, hosted by Stephen K. Bannon
Title: Tariffs Unleashed On Canada, Mexico, And China
The episode opens with Becky Quick highlighting the significant policy shift in U.S. foreign strategy through the implementation of tariffs on Canada, Mexico, and China. Kellyanne Shaw joins the discussion to elaborate on the legal underpinnings of this move.
Notable Quote:
Kellyanne Shaw explains that the administration has invoked the International Emergency Economic Powers Act (IEBA) for the first time to impose tariffs based on a declared national emergency. This differs from previous tariff measures under Section 232 and Section 301, which focused on national security threats related to specific imports and unfair trade practices.
Key Points:
Notable Quote:
The conversation shifts to the possibility of negotiations that could prevent the tariffs from being enacted or lead to their removal. However, the retaliatory stance from Canada, Mexico, and China poses significant challenges.
Key Points:
Notable Quote:
An Economic Analyst discusses the adverse effects of the tariffs on the U.S. economy, predicting a potential reduction in earnings growth and increased costs for both businesses and consumers.
Key Points:
Notable Quote:
Stephen K. Bannon and Steve Bannon delve into the broader geopolitical strategies underpinning the tariff actions. They argue that these measures are part of a comprehensive plan to reposition the U.S. as an economic and military powerhouse, countering influences from China and Russia.
Key Points:
Notable Quotes:
The discussion intensifies around President Trump's efforts to dismantle what is referred to as the "deep state" and the administrative hierarchy that allegedly impedes his policy implementations.
Key Points:
Notable Quote:
Further elaboration on strategies to enhance national security, including deploying military resources and implementing strict border controls to mitigate the influx of illegal activities and contraband.
Key Points:
Notable Quote:
Bannon emphasizes the necessity for the U.S. to reduce economic dependencies on Canada, Mexico, and China by fostering domestic production and securing critical supply chains.
Key Points:
Notable Quote:
The episode concludes with a robust assertion that these tariff measures are part of a larger, meticulously planned strategy to realign the United States' economic and geopolitical stance. Stephen K. Bannon and Steve Bannon stress the enduring nature of these changes and the anticipated long-term benefits despite short-term challenges.
Key Points:
Notable Quote:
Summary Insights:
This episode of Bannon's War Room delves deeply into the strategic imposition of tariffs on Canada, Mexico, and China, framing it as a pivotal move towards economic nationalism and enhanced national security. The discussion underscores the administration's commitment to utilizing comprehensive economic tools to address pressing issues like fentanyl trafficking and illegal immigration. While acknowledging the potential economic drawbacks, the hosts advocate for the long-term benefits of reducing foreign dependencies and restructuring U.S. economic and geopolitical frameworks. The dialogue also highlights internal efforts to consolidate administrative power, portraying these measures as essential for executing the broader national agenda.
Conclusion:
Bannon's War Room Episode 4240 provides a thorough exploration of the strategic, economic, and political motivations behind the newly imposed tariffs on key trading partners. Through expert analysis and fervent discussion, the episode presents the tariffs not as isolated measures but as integral components of a larger vision to reassert U.S. dominance and secure its national interests in an increasingly complex global landscape.