Episode 4399: Main Goal Of 'Trade War' Stopping The CCP

Summary

Podcast Summary: Bannon's War Room - Episode 4399: Main Goal Of 'Trade War' Stopping The CCP

Release Date: April 9, 2025
Host: WarRoom.org (Steve Bannon)
Title: Main Goal Of 'Trade War' Stopping The CCP

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1. Introduction to the Trade War

In Episode 4399 of Bannon's War Room, host Stephen K. Bannon delves into the escalating trade war between the United States and the Chinese Communist Party (CCP). The episode centers on President Trump's aggressive tariff policies aimed at curtailing China's unfair trade practices, particularly intellectual property (IP) theft and manufacturing supremacy.

Notable Quote:

"They take product technology, they steal it, they manufacture it and sell it back here. Never has an administration withstood 400% tariffs."
— Steve Bannon [00:00]

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2. The Mechanics of the Trade War

Steve Bannon outlines the strategy behind the high tariffs, emphasizing that it's not merely an economic measure but a concerted effort to level the playing field against China's longstanding trade abuses. He criticizes previous administrations for their lack of assertiveness and positions the current administration as finally taking a strong stand.

Key Points:

• Tariffs as a Tool: Bannon argues that tariffs are now a central instrument in challenging China's dominance.
• China's Retaliation: Following Trump's implementation of tariffs, China has responded with significant retaliatory tariffs, escalating the economic conflict.

Notable Quote:

"No administration has ever withstood 400% tariffs. Finally, an administration that says enough."
— Steve Bannon [00:10]

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3. Market Reactions and Economic Implications

Maria Bartiromo provides a detailed analysis of the immediate market reactions to the tariff announcements. The introduction of reciprocal tariffs by both the US and China has led to significant volatility in the stock markets and bond markets.

Key Points:

• Stock Market Decline:

  "The Dow is off 800 points, Nasdaq off 270 points, S&P 500 looking to open down about 92 points."
  — Maria Bartiromo [02:13]

• Bond Market Concerns:
  The bond market is particularly anxious, with the 10-year Treasury note fluctuating around 4.466%, signaling investor unease about future economic stability.

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4. International Responses and Coalition Building

Matt Boyle, Breitbart News' national political editor, discusses the international community's response to the US-China trade war, highlighting Greece's supportive stance. Boyle underscores the potential for a global coalition against the CCP, involving key allies like Japan, South Korea, and India.

Key Points:

• European Union's Stance:
  Europe is considering retaliatory measures against US tariffs, with the EU introducing an 84% tariff on US goods, up from the initially announced 34%.
• Potential Alliances:
  Boyle suggests that European countries, particularly Greece, are willing to collaborate with the US to form a united front against China.

Notable Quote:

"The Europeans, at least the Greeks, are ready to join with President Trump against China."
— Matt Boyle [17:11]

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5. Political Divisions and Negotiation Efforts

Within the US political landscape, there are emerging rifts on how to handle the trade war. Treasury Secretary Scott Bensant advocates for more negotiations, while figures like Peter Navarro and others in the Trump wing push for a steadfast approach.

Key Points:

• Negotiation vs. Digging In:
  The administration is split between those seeking diplomatic resolutions and those advocating for continued economic pressure on China.

Notable Quote:

"Some of those taking will be taking place in the days ahead. Others like Peter Navarro, some extended Trump world those listening to the Steve Bannon podcast are saying no, dig in."
— Maria Bartiromo [16:13]

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6. China's Strategic Response and Internal Dynamics

Steve Bannon discusses China's strategic preparations for the trade war, suggesting that the CCP has long anticipated such conflicts and has developed a comprehensive "toolbox" to counteract US measures. The CCP's response includes leveraging economic surpluses and implementing retaliatory tariffs to maintain their economic position.

Key Points:

• Economic Warfare:
  Bannon refers to the current situation as an "economic war," highlighting China's readiness to employ various strategies to defend its interests.

Notable Quote:

"This is an economic war between the Chinese Communist Party and the United States."
— Steve Bannon [07:57]

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7. Insights from Matt Boyle on Global Economic Strategy

Matt Boyle expounds on the broader geopolitical implications of the trade war, emphasizing the creation of alternative trade corridors like the IMEC Corridor, which aims to counter China's Belt and Road Initiative. He highlights President Trump's strategic agreements with leaders like India's Narendra Modi to forge new economic alliances.

Key Points:

• IMEC Corridor:
  A Western-led trade corridor connecting India through the Middle East into Europe, designed to offer an alternative to China's expansive Belt and Road Initiative.
• Global Coalition:
  Boyle envisions a robust alliance comprising democracies globally to isolate and challenge China's economic tactics.

Notable Quote:

"The IMEC Corridor is the first Western-led trade corridor to counter the Belt and Road Initiative from China."
— Matt Boyle [17:11]

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8. Domestic Challenges: Fentanyl Crisis and Military Considerations

The discussion shifts to domestic issues exacerbated by the trade war, notably the fentanyl crisis. Todd Benzman elaborates on reports suggesting the Trump administration is contemplating unilateral drone strikes against drug cartels in Mexico to combat the influx of fentanyl, which is linked to Chinese sources.

Key Points:

• Military Action:
  The potential for direct military intervention in Mexico represents an unprecedented escalation aimed at stemming the flow of fentanyl into the US.
• Bilateral Tensions:
  Such actions could strain US-Mexico relations, as the Mexican government may oppose unilateral US military movements on its soil.

Notable Quote:

"President Trump's not backing off this. That means the Chinese counterpart has a big toolbox."
— Maria Bartiromo [35:42]

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9. The Broader Impacts on the American Heartland

Maria Bartiromo and Steve Bannon emphasize the deep-seated impact of China's economic policies on the American heartland. The hollowing out of manufacturing and the resultant socio-economic decay are highlighted as critical factors motivating the current aggressive stance against China.

Key Points:

• Economic Decay:
  The decline of manufacturing hubs in states like Pennsylvania, Michigan, and Ohio is attributed to China's trade practices and policies.
• Sociopolitical Consequences:
  The loss of jobs and economic stability has led to increased substance abuse and societal despair, further justifying the need for a robust response against the CCP.

Notable Quote:

"We're talking about the hollowing out of the middle class. We're talking about the hollowing out of the working class."
— Maria Bartiromo [44:59]

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10. Conclusion: The Path Forward

The episode concludes with a reiteration of the necessity for strong economic nationalism to counteract China's pervasive influence. Bannon stresses the importance of maintaining momentum in the trade war to safeguard American economic interests and revive the nation's manufacturing prowess.

Final Thoughts:

• Economic Nationalism:
  The episode underscores a commitment to prioritize American industries and protect the nation's economic sovereignty against foreign manipulation.
• Global Leadership:
  Establishing a coalition of like-minded democracies is viewed as essential to effectively challenge and neutralize China's economic strategies.

Notable Quote:

"When the mandates are aligned, this country will be saved."
— Steve Bannon [07:50]

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Key Takeaways

• Aggressive Tariffs: President Trump's implementation of high tariffs is a strategic move to combat China's unfair trade practices and IP theft.
• China's Retaliation: In response, China has enacted substantial retaliatory tariffs, intensifying the economic conflict.
• Global Coalition: Efforts are underway to form international alliances to present a united front against the CCP, with significant support from European nations like Greece.
• Domestic Issues: The trade war is intertwined with domestic challenges, including the fentanyl crisis, which may prompt unprecedented military responses.
• Long-Term Implications: The ongoing economic warfare is expected to have profound effects on global markets, US-Mexico relations, and the socio-economic fabric of the American heartland.

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This episode of Bannon's War Room presents a fervent analysis of the escalating trade war between the US and China, advocating for strong economic resistance and international collaboration to restore American economic vitality and counteract CCP's global ambitions.

Transcript

[Steve Bannon]

They take product technology, they steal it, they manufacture it and sell it back here. Never has an administrator withstand 400% tariffs.

[Matt Boyle]

What would that look like?

[Steve Bannon]

I want Qi on an airplane to Washington to level the playing field. It's just not about tariffs anymore. Nobody has taken on China yet. Not the Europeans, no administration for decades. As someone who actually does business there, I've had enough. I speak for millions of Americans who have IP that have been stolen by the Chinese. I have nothing against the Chinese people. They brought great literacy, art and tech to the world. The government cheats and steals. And finally an administration. You may not like Trump, you may not like his style or his rhetoric. Finally an administration that puts up says enough 400% tariffs. Tomorrow morning he'll tell you why Xi can only stay the Supreme Leader if people are employed. If we wipe out any business there because we are still 39% of all consumables on Earth and 25% of the world's GDP. America is the number one economy on Earth with all the cards. We will not have that forever. It's time to squeeze Chinese heads into the wall now. Well, hold on. I hear you. Hold on. If we're talking about people, the average consumer, not necessarily the head honchos of businesses all across the globe, can they withstand the pressure of that sort of.

[Maria Bartiromo]

Tax on the goods?

[Steve Bannon]

Short lived there will be. Yeah, but what's your timeline compared to? You don't know the average American's timeline, what they can actually survive? There's people right now who can't survive. Tomorrow morning, cheese on an airplane to Washington to cut a deal.

[Maria Bartiromo]

And we've got some news just in from our friends at cnbc. In response to what we've been talking about, China has just slapped retaliatory tariffs of 84% on U.S. goods in response to what President Trump has done. 84%.

[Steve Bannon]

I mean, okay, here we go. Trade war. Yeah. Prices are going to surge.

[Maria Bartiromo]

So much going on, the market's moving around. On US Wall street set to open in the red this morning as President Trump's reciprocal tariffs against thousands of countries taking effect officially now, including 104% against China. Beijing responding this morning imposing 84% tariffs on US goods. That's up from 34% that was previously announced. That'll begin tomorrow. You can take a look, by the way, the Dow off 800 points, Nasdaq off 270 points. S&P 500 looking to open down about 92 points. Take a look also though at Treasuries, because that market has people on edge. We're now at the looking at the 10 year note at 4.466 and lots of questions about who's going to be buying Treasuries or maybe selling them including where China stands on all of that.

[Steve Bannon]

Maria, I think it's unfortunate that the Chinese actually don't want to come and negotiate because they are the worst offenders in the international trading system. They have the most imbalanced economy in the history of the modern world. And you know I can tell you that this escalation is loser for them that they have some very smart the economist, the academicians, technocrats within their bureaucracy and they would be telling the leadership that we do not have the edge here. They are the surplus country, that their exports to the US are five times our exports to China so they can raise their tariffs.

[Maria Bartiromo]

But so what?

[Todd Benzman]

You know what I don't hear them.

[Steve Bannon]

Talking about, I don't hear the president either talking about the working American right now who is going to bear the brunt of all of this. These guys are going to be fine. All of them. It's incredible. And yet to me there is one option here and that's for Republicans and Democrats to get together and do something. Why wouldn't they do something today?

[Maria Bartiromo]

We heard from the President yesterday and those I talked to around him he is holding fast. There is we've seen some slight rifts open up within the administration within the Republican Party. We know Treasury Secretary Bessant urging more negotiations. Some of those taking will be taking place in the days ahead. Others like Peter Navarro, some extended Trump world those listening to the Steve Bannon podcast are saying no dig in. This is indeed our moment to bring back these manufacturing jobs to the United States. Even though economist after economist after economist says that's just not realistic. Or at the very least it'll be extraordinarily lengthy process. It will take years and a lot of economic pain will be endured between now and then.

[Steve Bannon]

Now do you see any anti American.

[Kevin O'Leary]

Senate We've lost a couple of bond deals already because they're not mean. They simply say that you know look we'd rather just do this with a local bank than with a US Bank. Look we could overcome that. You know that's why part of me thinks that don't let this go on too long because it's causing cumulative damage including huge anger the United States. Like I said my goal would be keep the allies together, get them together, keep work on that. You know, you fix the trade with unfair trade fix it doesn't matter an ally or not, it should be fixed. And I think there are legitimate complaints about military spending. You know, they need to spend more in the military. So I hope, I hope what you saw like for Europe is a wake up call, fix their economy. You know they have huge bureaucracy, you know, red tape, which I now call blue tape. And you know, and they fix that it'd be good for them and then you know, pull them closer and keep the western world together. Huge, complex geopolitical situation. Huge fiscal deficits, not just here but around the world. Sticky inflation, which I personally think will not go away so quick. And then you have, you know, what's going to happen to tariffs, what's going on, the trade, what's going to happen. So you know, tariffs and trade are just part of that mix. They're not, they don't completely stand alone.

[Steve Bannon]

So what do you think about tariff plan?

[Kevin O'Leary]

I think it is perfectly reasonable for someone to say that trade was unfair, there were unfair trade things. And remember it's not just tariffs, it's tariffs. I think they have the that wrong how they understand and I think they should really get a better understanding to make it easy to negotiate. But there are all these non tariff barriers around food and energy and then subsidies which you know China is famous for. So it's totally reasonable to say we want to make trade better. But I also want to point out to the Americans we have the best economy in the world. Our GDP per person is $85,000, China's is $15,000. So you got to put a little bit into context. But you know, and then of course when they put the tariffs and it was way beyond what people expected, that will cause a little inflation, slow down growth. But I hope what they really do is let Scott Bessant when he's a professional, negotiate. I know Japan's here, I gather Korea, Vietnam have called and then eventually Europe get those things done quickly.

[Steve Bannon]

This is the primal scream of a dying regime because we're going medieval on these people. There's no got a free shot on all these networks lying about the people, the people have had a belly full of it. I know you don't like hearing that. I know you try to do everything in the world to stop that, but you're not going to stop it. It's going to happen. And where do people like that go to share the big lie? MAGA MEDIA I wish in my soul, I wish that n had a conscience. Ask yourself what is my task and what is my purpose? If that answer is to save my country this country will be saved.

[Maria Bartiromo]

War Room here's your host, Stephen K. Band.

[Steve Bannon]

There are decades in which nothing happens and there are weeks in which decades happen. Welcome to that week, one of those weeks and there have been many with President Trump a full blown. It's gone beyond tariffs, it's gone beyond trade. It's a full full on. You can't call it anything else but an economic war between the Chinese Communist Party and the United States. Chinese Communist Party ratchet up retaliatory measures last night, tariffs and others, and they've got a full toolbox. The Wall Street Journal has a really smart article up about how they've been prepping for this war, economic war. They've already been engaged in economic war with this unconventional warfare, unrestricted warfare. But they've been planning on this for many, many years and now we're fully on it. Even as we were going through the cold open, the European Union has announced retaliatory measures against the United States. The stock market was kind of calm. Futures overnight then dropped precipitately with the President Trump's dug in and then right now is up about 150. I think that's because Scott Besant, the Secretary of treasury has been out there. And yes, there is a, remember it's not really a negotiation because what they're putting out is non negotiable. But they're open to having meetings in which they can potentially work out deals. We know that Japan, Korea and Vietnam and I think East Asia is very important. This morning Caroline Renz actually happens to be in Malaysia at the ASEAN meeting. We're going to get a report from her from Kuala Lumpur later in the show about the pressure the Chinese Communist Party is putting on Southeast Asia and East Asia to basically kowtow to them and abandon the United States. Up to the fact of the word there is that they're telling the delegation in Vietnam to leave Washington D.C. and come back. So this is full on, as we told you. Remember our saying here also is that the bond markets turfed out more governments than howitzers. A little while ago the bond market kind of froze up in 10 year Treasury. 10 year treasury popped to 4.5%. Remember the other day we were on the show, it was down, I think it hit 3.9, 3.95. That was kind of irregular. I'm not saying liquidity, but irregular treasuries back down. And I believe that is twofold. Number one, not just the tariff situation, but now this outright throwdown between the Chinese Communist Party of the United States. But in addition, I think it's just starting to think through the Senate bill of which is being pushed by the President and I can tell you there's some spending there people don't understand is scratching their heads, including Sir Jamie DIMON There a $1 trillion defense bill and I don't know how that's aligned with hemispheric defense. We're going to work through all that. This a huge debate last night. We'll get the clips of that last night between the, the, the, the libertarian on Zero Hedge, Peter Schiff and of course Spencer Morrison. Spencer, give me your assessment. Not just of that, we'll play clips. Last night was an incredible debate, drew hundreds of thousands of viewers. We really want to thank Zero Hedge for putting on give us your assessment of what's happened overnight because now this is as I've said for the last couple of days and that's why I keep my weekend ft Trump defined as Beijing's fight back deepens turmoil. This was China. Yes. It had other aspects too. And you have to get it sorted and you got to get, you got to get our other quote unquote allies from ripping us off. And you have to understand how you get American cars into Japan and you have to deal with the EU who wants us to defend us, who wants us to keep the carrier battle groups in the Red Sea. Which by the way, since the EU retaliated, I would pull both carrier battle groups out and say, guys, hope that Suez Canal thing works out for you. Spencer, your thoughts overnight? Because now it's pretty open. It's economic war between the Chinese Communist Party and the United States of America, sir. And like you said, Steve, this is just the latest salvo in an economic war that's been raging for at least 20 years. We have to remember that since China joined the World Trade Organization, they haven't played by any of the international rules. They've instituted, you know, legal barriers to entry to the Chinese market. They've given Chinese exporters massive subsidies and below market rate loans so that they can invest in the capital that they need to feed the US Market. And here's another thing that a lot of people don't know, that when a US Company wants to invest in China and build and build a factory, they have to partner with a Chinese company and they have to, you know, the management, they have to export the technology and they have to train up the Chinese people to do the jobs. Right. So this is an avenue for technology. This is what Kevin O'Leary was saying last night. You have to form a joint venture. In that joint venture you have to put all your intellectual property, all your processes, all your patents. They get full access. Spencer, hang on for one second. We're on fire this morning. We're going to Greece. The great Matt Boyles just interviewed the prime Minister. He's got a lot to say about this trade war and the Chinese Communist Party. The great Jack Posobic is going to join us. Todd Benzeman as the US military talks about going kinetic via drones on cartels. We got Dr. Bradley Thayer about the Chinese Communist Party and the economic war. Also Caroline Wren is from Kuala Lumpur. Later in the show, talk about ASEAN in the folks in Southeast Asia that want to be trading partners to the United States. And guess what? They want to give up their unfair trade practices and be a part of the United States of America. Okay, I think today's the day. Cold's over 3,000 again. I said it's going to be turbulent. And watch that bond market. The bond market could take one of two things. I think they could take a trade war or they could take this massive Senate bill. The Senate bill has to be delineated. We can't be like Liz Truss. We can't just be throwing things out there. And the Senate Bill says oh, $4 billion of cuts. The gimmicks are not going to work. You have to explain to people, particularly the bond market. You have to explain to the bond market. Bond market is more important than the equity market. 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[Maria Bartiromo]

Talk to around him. He is holding fast. There is we've seen some slight rifts open up within the administration within the Republican Party. We know Treasury Secretary Bessant urging more negotiations. Some of those taking will be taking place in the days ahead. Others like Peter Navarro, some extended Trump world those listening to the Steve Bannon podcast are saying no. Dig in. This is indeed our moment to bring back these manufacturing jobs United States. Even though economist after economist after economist says that's just not realistic. Or at the very least, it'll be extraordinarily lengthy process. It will take years and a lot of economic pain will be endured between now and then.

[Steve Bannon]

Okay, we're going to go around the world today. Let's go to Greece and our own Matt Boyle, the national political editor of Breitbart News 1. Matt, why why are you in Greece free? Why is a Florida boy in Greece freezing? What are you doing over there? And I hear you got breaking news, sir.

[Matt Boyle]

Yeah. So I'm in Arakova, Greece right now. We're up in the mountains and just a short way away from here, the Delphi Economic Forum is about to begin. The Delphi Economic Forum is at the center of the world, the ancient world. In Delphi, the Greeks would come from all over the country, from all the different city states like Athens, to go to see the Oracle of Delphi, to try to get advice. Right. Like so the Athenians, the ancient Athenians came to Delphi to seek advice on how to stop the invasion of the Persian King Cersei. Right. Like so. They've been holding an annual economic forum for the last decade and there are a ton of world leaders and thought leaders, et cetera, that are coming here. It couldn't be a better time to hold this because this is the day the tariffs kicked in in the United States, the president's action. So everybody's looking to the United States to try to figure out what's going to happen. I got to Greece a little over 48 hours ago. In that timeframe, I've interviewed the prime minister, one of Greece's two vice presidents, as well as the archbishop of the Orthodox Church in Greece. And Tons of different news. The big thing I would say, though, is the big takeaway from all of these conversations. The Europeans, at least the Greeks, are ready to join with President Trump against China, right? Like they want to make a deal. They want to figure out how do they, how do they get there. The prime Minister of Greece, Mitsutakis, told me that he is ready. He believes Europe is ready to make a deal that he called win win in a mutually beneficial deal with President Trump and that they understand that the big picture here is about stopping the Chinese Communist Party. So that trade war that we're talking about here, that economic warfare with China, that's what this picture is about. And I think that President Trump has a unique opportunity right now around the world with what you see with a number of these countries, whether it be the Europeans who are sometimes being dragged kicking and screaming along to the point of working with the Americans to stand up to China. But they may get dragged there, but along with that, the Japanese, the South Koreans, the Indians and so many more, President Trump can unite the world and create a global coalition to defeat the Chinese Communist Party. And there's a pathway to do so already in existence. President Trump signed earlier this year, and this is the big picture. And I asked the president about this when I was in the White House with him just a few weeks ago. He signed a deal with Narendra Modi, the Prime Minister of India, when he came to the United States called the IMEC Corridor. And the IMEC Corridor is the first Western led trade corridor to counter the Belt and Road Initiative from China that it starts in India, it goes through the Middle East. And this is why expanding the Abraham Accords and getting the Saudis on board is so important. It goes through UAE and Saudi Arabia, then it goes through Israel, and then it goes from there through Cyprus into Greece, into Western Europe. So the way to look at this is, and this is what the prime minister told me is that you have on one side the world's biggest democracy in India, on the other side, the world's most powerful democracy in the United States in the birthplace of democracy right here in Greece, in the center that holds the whole thing together. And this is the Western world's answer to the communist led trade routes through the Belt and Road Initiative.

[Steve Bannon]

Is there an understanding of not just the Greeks, but the other Europeans are there that we have to come to some sort of. There's got to be worked out. You know, we put forward this, the rest of the issue of reciprocity, which both tariffs and non tariff barriers, particularly in countries like Germany, et cetera. Is there an understanding at this conference that these are reasonable requests and somehow we got to figure this out?

[Matt Boyle]

I've only talked to Greeks so far, so I haven't talked to some of the folks from the other places yet. So I don't want to give you misinformation, but I do think that what you're seeing from the European leaders, and you heard this from the Europeans, Union President Ursula von der Leyen the other day, they're willing to work with the United States. Their effort, their measures that they approved just moments ago, the European Union are frankly, you know, they're kind of muted, right? Like, these were things they were planning anyway in response to the aluminum and steel tariffs. They dropped the bourbon tariff that they were going to do after President Trump's threat of 200% tariffs in response on any European alcohol imports to the United States. So I think the Europeans, based off my conversations, again, pretty heavily with the Greeks, and I'll see if I meet some folks from some other nations, is that President Trump can rally Europe to his side in the broader economic war with China.

[Steve Bannon]

You've been following President Trump as close as anybody for the last 10 years. It should be no surprise that this throwdown with China came and China's punching back with all their might. And actually the Wall Street Journal's reporting how they've been preparing their toolbox with a lot of different, including, as I've been warning on this show, maybe even cutting off medicines and active pharmaceutical ingredients. I mean, they've got a whole escalatory ladder. You're knowing President Trump. Anything that President Trump's done in the last 48 hours vis a vision, the Chinese Communist Party and China as a trading partner. Surprise you?

[Matt Boyle]

No. This is, and everybody keeps asking me, oh, is Trump going to back down because of the Wall street, you know, the markets or the media pressure? No. President Trump has been gearing up for this moment his entire life.

[Steve Bannon]

Right.

[Matt Boyle]

Like, go back and watch the interviews he did decades before he was president. I've talked to him about this dating back to, you know, two years before, three years before he ran the first time during his presidency, both presidencies and in the intermediary time between. President Trump has been, you know, gunning for this fight forever. And the reason why is because the United States needs it. It's like a nuclear bomb went off, Steve, in America's heartland.

[Steve Bannon]

Right.

[Matt Boyle]

Like after the Cold War. Right. America after World War II was a manufacturing powerhouse. This is what I keep telling all the Greek leaders that I've been meeting with, because I've met with several business leaders, politicians, et cetera. They have my schedule very packed while I'm here, right? Because I'm only here for a few days. But I keep telling everybody, after we were a manufacturing powerhouse coming out of World War II, and then after the Cold War, the entire foreign policy establishment acted like history was over. That was the phrase you would hear. It was the end of history, that there was no challenge anymore. And then that allowed the Chinese Communist Party and frankly, politicians in both parties in America, both Republicans and Democrats, from both Bushes, the Clintons, the Obamas and Biden, allow China to hollow out our middle class. It's like in all the factories, so many of the factories are shut down. The ones that are still operating, that used to employ, say, 30,000, 20,000 people, maybe employ 1,000 now, right? So it's as if a nuclear bomb went off in Ohio and President Trump deeply understands this. And then, oh, by the way, China, just for good measure, just keeps pumping fentanyl back into the, to replace the jobs, right? Like, so they steal our factories and our innovation in our manufacturing, and then they pump drugs in to poison our people afterwards. So when I say it's a nuclear, like a nuclear bomb went off, it's not just the hit of losing the job and losing the factory. Then they're addicting all of our people to deadly chemical drugs and it's head having lasting, lingering effects. So President Trump is exactly right about this. And I think that he's not backing down. There's no reason why he would back down. There's nothing that the establishment can do to stop him. And I think that, look, this is a big swing. He's taking a huge swing here as president. It's maybe bigger than many of us would have thought he would have taken, right? Because, you know, sometimes, you know, once they get there, they get into office, you know, all these people get around them and they try to work them from different sides. I'm impressed with President Trump, and I think that the more he holds the line and buckles down here, if he succeeds on this, and I think he will, he will go down as one of the greatest presidents in our country. They'll have to carve out an extra spot for him on Mount Rushmore if he wins on this fight, right? Like, I mean, and they'll probably be on, you know, on money at some point.

[Maria Bartiromo]

Right?

[Matt Boyle]

Like, I mean, he's going to be remembered as an incredible president if he pulls off this Huge swing that he's taken.

[Steve Bannon]

Matt Boyle, where do people get your reporting at Breitbart and see the interview you're going to put up with the Greek prime minister, where they go, yeah.

[Matt Boyle]

We just published it. It'[e-mail] and on my X handle at mboyle1. I'll have all sorts of different things and we've got tons more stories coming from here. So exciting stuff from here. So Steve, thanks for having me. Exciting stuff. An amazing, amazing background here in Arakova. So I had to do the hit outside.

[Steve Bannon]

No, Amazing, amazing. Let you get inside. Florida boy. Get inside and not freeze. Okay, Amazing. Great report, Jack. Bo is going to join us in a moment. We're going to go to commercial break. We got Spencer Morrison. Spencer had the big debate last night on Zero Hedge one. Thank the team over at Zero Hedge for making that possible with Peter Schiff. I mean, we're prejudiced. We think Spencer did amazing. I think the audience in too. Jack Posobic is one of the top experts in the country as a naval intelligence officer. Speaks perfect Mandarin, reads Chinese, knows from an intelligence point of view and also President Trump in the White House and the MAGA movement. He's going to be with us next. Short commercial break. Make sure you go to Birch Gold. Take your phone out. Text now more than ever. I told you it's gonna be turbulent. Bannon B A N N O N at 989-898. The Ultimate Guide to investing in gold and precious metals in the era Trump told you it was going to be turbulent. Gold's a hedge in a store of value now more than ever. Short break Poso on the other side, modern day I've been telling you about a very serious threat to your home equity home title fraud. One document, a fake notary stamp and about 40 bucks. And your title is out of your name and into someone else's. And the scammer who took it will take out loans or even worse, sell your home behind your back. You have to protect yourself. The best way is Home Title Lock's million dollar triple lock protection. Now this service gives you 24,7 monitoring urgent alerts of any changes. And if fraud happens, their US based restoration team will spend up to $1 million to fix the fraud and restore your title. Go to hometitlelock.com use my promo code Steve25 to save 25% and get a free title history report to make sure you're not already a victim. And make sure you check out the million dollar triple lock protection Details when you get there. That's hometitlelock.com promo code steve25 hometitlelock.com Promo code steve25. Do it today. And let me remind you this service is 24. 7 Monitoring urgent alerts of any changes. And if fraud does happen, their US based restoration team will spend up to $1 million to fix the fraud and restore your title. Do it today.

[Maria Bartiromo]

Here's your host, Stephen K. Ban.

[Steve Bannon]

Okay, welcome back. We're going to go around the world this morning because this is a world event. We want the war room audience to watch that. I am watching the bond market as remember I said and Jack, you know this, that there are more governments turfed out more they've, the bond market's taking out more governments than Howard serves. You got to watch that bond market. The 10 year treasury drives your life. It's been a little, it's been, it's, it's jerked around here the last couple of days. Froze up a tad this morning. I happen to think that's dumping the Senate bill on top of it with particularly with nothing. It's ill formed. You have to be very, you have to have a lot of specificity on these things right now. People are paying attention. Bosobic, your thoughts on Boyle by the way, incredible interview with Matt Boll in Greece. I want to thank Matt for going outside freezing to do that. Thoughts on his from Greece, also yours. They got Taiwan this morning, China. You know this area, you know the neighborhood better than anybody. What do you think?

[Maria Bartiromo]

Yeah, Boyle is, I guess he's a month early for the East Med. It'll probably warm up a little bit, a little bit come May but you have to have that Delphi forum a little bit later up there on Mount Olympus I guess get us some of those thunderbolts for him. But look, when it comes down to it, when it comes down to it with President Steve, go back to the very first days of war room pandemic. Go back to the very first days of all the things that we've talked about from that day until now. Everything that we've discussed has been building to this moment. Everything that MAGA has been fighting for, everything that these people have been fighting for. We're almost at the 10 year mark of President Trump coming down that escalator, coming down the golden escalator. It'll be just in a couple of months. Here is 10 years to say the American people have been ripped off. And what have we said? We said that it was an emerger, an elite merger, not capture but in an elite merger. Natalie Winters has all the reports, National Pulse has all the reports. A merger of the elites of the United States and the elites of China. And through that corrupt elite merger, they built the seeds of globalism sown, by the way, on the bloodied streets of Tiananmen Square. We talked about this for years, wrote books about it, et cetera, et cetera. And now President Trump is finally going to do something to fight back. I'm not just talking about the IP stealing and the military secrets and all the stuff that's going on with Clinton selling them to satellite technology and all the rest. No, no, no. We're talking about the hollowing out of the middle class. We're talking about the hollowing out of the working class. Particularly. Go look at the. Why is the Rust Belt like the Rust Belt? Why is Pennsylvania, Michigan, Ohio, Wisconsin look the way that it does and Shanghai and Shenzhen look the way they do? That's where your money went. That's where all these people, oh, China's more technologically advanced than us. And China's leaps and bounds, guess what? That's built off of Western capital. That's built off of the backs of the American people being turned into a zombie like consumer slave class, where you have two options, right? Go buy the new iPhone or go take the latest fentanyl and as you go, slowly spin down into a downward spiral of depression and the deaths of despair throughout the America's economic heartland. That's why the MAGA movement exists. That's why President Trump is where he is. That is what the American people voted for him to do. Not the elites, the working class people of this country. When I saw President Trump's speech last night at the nrcc, I said, that is full throated raw economics nationalism. And I had tears in my eyes watching that speech because finally, finally someone is actually doing something about the Chinese Communist Party that has been robbing us blind for 30 years. And look, I've talked about this for so long. I spent two years over there, about 2006 to 2008, off and on, going back and forth. Shanghai, Shanghai, American Chamber of Commerce going, working for a US firm, trying to bring us business over there. We can't bring us businesses over there. There's all sorts of trade barriers and all of a sudden some party members got this problem and they got that problem and oh, this can't come over because, you know, you've got agriculture, you got mad cow disease and you got bird flu. So we got to block this and block that. They won't call it a tariff, but they'll call it something else because they know exactly what they're doing. And then you have American business owners and American politicians going over there saying, oh, so your model, you don't have to worry about pollution controls or human rights or civil rights or any of these things. You get to pay people nothing. And you have all these workers and they'll do, they'll do the work much, much cheaper than all those, those union workers, manufacturing workers and blue collar workers in the United States. This is great. We love this system. And then we're going to come back and import it to the United States. The big lie of all of this has been rather than China becoming more open and democratic, if we put them into the World Trade Organization or give them the pntr, the Permanent Normal Trade Relations no. And Most Favored Nation status, by the way. No, we've become more Chinese, we've become more like them, we've become more autocratic, we've become more socialist, we've become more, more like Xi Jinping's technocracy. And it's done. And by the way, Steve, what happened the very last time that China had their backs up against the wall? Right up against the wall, like Kevin O'Leary said, what happened? Covid. That's when COVID 19 was released at the height of the Hong Kong protests, at the height of Trump's tariffs. The first time Covid comes out. COVID 19, they lied about it. They hit. And by the way, the free weekend as the story yesterday, they hit our soldiers at the Wuhan World military games in October 2019. They lied about this. They knew it was coming to the United States. So don't sit there and tell me the, oh, Wall Street Journal.

[Steve Bannon]

Oh, they got a, they declared, you.

[Maria Bartiromo]

Know, whole of war. No, it was warfare. It was warfare and it's time to fight back.

[Steve Bannon]

Yeah, they declared, they declared a people's war in May of 2019 when they, when they rejected the Lighthizer Navarro deal that President Trump had worked on for two years. They declared had one belt, one road, the top of their game. They were crushing Hong Kong. They rolled right into the games, released Covid to, to, to stop Trump. You said on the very first show, folks, particularly newer audience members, but the, our original posse would remember the very first show. Jack Bosobic was on there. And I asked you the question, the very first pandemic after we shifted over from impeachment in late January of 2020, I asked you point blank, I said, does he still have the mandate from heaven. And you said it's questionable. What about today? Is Xi trying to convince the Chinese people he still retains the mandate from heaven?

[Maria Bartiromo]

Well, that's exactly what Kevin O'Leary was discussing when he said Xi cannot remain supreme leader if he loses the mandate of heaven, if he loses face in front of the Chinese people. So the mandate of heaven goes into this idea, this theory of Chinese history, of the cyclical nature of Chinese dynasties. And if you look at the CCP as a modern dynasty of China, the same way, Qing Dynasty, Ming Dynasty, Song Dynasty, Qin Dynasty, etc, all the way back to, emphasis Emperor Chin Shi Huang and the, you know, the Yellow Emperor, the Golden Emperor, all the rest, that a dynasty falls when the dynasty becomes corrupt, when a dynasty loses. So invasion, pestilence, economic downturn, disease, famine, these are all reasons for a dynasty to have lost face, war, or in the Chinese context, lost the mandate of Heaven. And so if the Chinese people believe he has lost this, then potentially that would be something that would actually SAP the economic strength or the, the political strength of his position within China. Now, I don't think that he is in a position to lose power in China right now. That's not what I'm saying. But what I am talking about is this is the nature of how China works. This is the nature of how things have always been. So he's going to fight as hard as possible to maintain the Chinese Communist Party's grip on control within China the same way he did back, all the way back then.

[Steve Bannon]

The market is basically flat right now, so people are waiting for the next blow to fall. This is after the European Union. Jack, hang on one second. I want to bring in Bensman on the fentanyl situation. And Jack, get your intel observation. Todd Benzeman joins us. Todd reports out that the US Military or CIA are looking at doing actual kinetic drone strikes to stop the fentanyl traffic. Treasury today put out a report. Besant was up and said that the fentanyl thing is getting worse right now. The Chinese Communist Party, they had a biological war with the pandemic. This is chemical warfare against the American people. They're not dialing it back. It may be a little stop coming through Mexico because of the tariffs, but they're not dialing it back. Talk to me about this report and your assessment.

[Todd Benzman]

Yeah, NBC is out with a pretty scoopy report talking about how the White House and Trump are interested in unilateral drone strikes against the cartels in Mexico. This is causing quite a kerfuffle, of course, in the bilateral relationship between Mexico and the United States. But I've been telling you here for a couple of months now that they seem to be. The United States seems to be moving in a direction toward this since the very beginning, putting a bunch of spy flights up and naval vessels off both coasts and 10th Mountain Division on our side and Stryker Brigades, CIA. So, I mean, I wouldn't be surprised if Trump decided at some point to start striking in Mexico, which would be just absolutely unprecedented. Claudia Sheinbaum is out over the last 10 hours or so complaining about this, saying, you know, we're opposed to this, it's something we won't accept, etc. But, you know, Donald Trump is not a conventional president at all, as we all know. And so, you know, anything's possible. It's the madman theory in action here.

[Steve Bannon]

Hang on one second. I just want everybody to understand this is all part of a peace. The Chinese Communist Party with the fentanyl was their chemical weapon. That was their kind of second Opium War. What the British did to them, they're doing now to us. President Trump has said he got to stop the games. Now, we know from reports in the New York Times, Todd, that the fentanyl, the tariffs have cut the fentanyl by 50%. But the report bessen that people are talking about is that the Chinese Communist Party are still in back of this and trying to push hard. I guess the blockbuster in the story is not so much the drone strikes, but it's unilateral. In other words, he ain't dialing in the Mexicans. I think the feeling is probably they don't want this to leak because the Mexicaneven the Mexican marines are rife with informants for the cartels. The cartels own the federales. They own the politicians. You keep talking about going after the company. Is this why President Trump's thinking now of unilateral military action against the. At least these labs, these concentration of labs in these mountain towns, sir.

[Todd Benzman]

Yeah, look, Mexico is acting. They are moving on fentanyl labs in places like Cooliacon, where Ben Berkhwam and Oscar have been visiting recently. New York Times has been down there. They are moving. They are doing some things. The seizures are way down on our side of the border. It does seem like there's been action, but not enough. Apparently, Donald Trump doesn't think that there's been enough action. And I'm guessing that they probably discern that the Mexican's heart is not really in that fight. They're all taking their cut, in my opinion. And I think that's an informed opinion. For many, many years, there have been no raids whatsoever. No move on Coolia Khan Labs for years and years, 10 years. All of a sudden now they're doing a few things, but evidently it's not enough. So, you know, we'll see. And I think that the numbers for fentanyl smuggling events are going to be down again in March. That'll be three consecutive months of declines in fentanyl seizures on our side, which is a good indicator. And Derek Maltz, the head of dea, told me last week that he thinks that they've got intel that the cartels are making a decision to start moving fentanyl into European markets instead of our markets just to get the heat off of them. Maybe that is emboldening Trump. Maybe they want to keep that fire under the, under the pan, so to speak, on that. Who knows what's going on there? But it's definitely caught everybody's attention that NBC reports.

[Steve Bannon]

Yeah, that was a, that was a controlled leak. They had pretty good sourcing on that. Short commercial break. Make sure you go to jacemedical.com today and find out how you can avoid getting wrapped up in the strategic initiative of the Chinese Communist Party to shut down our generic drugs. Do it today. Short break. What if he had the brightest mind in the war room delivering critical financial research every month? Steve Bannon here. War Room listeners know Jim Rickards. I love this guy. He's our wise man. A former CIA, Pentagon and White House advisor with an unmatched grasp of geopolitics and capital markets, Jim predicted Trump's electoral College victory exactly 312 to 226, down to the actual number itself. Now he's issuing a dire warning about April 11, a moment that could define Trump's presidency and your financial future. His latest book, MoneyGPT, exposes how AI is setting the stage for financial chaos. Bank runs at lightning speeds, algorithm driven crashes, and even threats to national security. Right now, War Room members get a free copy of MoneyGPT when they sign up for Strategic Intelligence. This is Jim's flagship financial newsletter, Strategic Intelligence. I read it. You should read it. Time is running out. Go torickards war room dot com. That's all one word. Rickards War Rooms records with an S. Go now and claim your free book. That's Rickards War Room dot com. Do it today.

[Maria Bartiromo]

Here's your host, Stephen K. Band.

[Steve Bannon]

Okay, today, many things you should check out. Number one. Like I said, go to Jason Medical. I've been telling you for a long time that this day was coming, right? We're now. This is a throwdown. And I agree with Boyle, I agree with Poso, I agree that Benzeman, President Trump's not backing off this. And that means the Chinese counterpart, he's got a big toolbox. Part of the toolbox the Wall Street Journal's talking about is guess what, active pharmaceutical ingredients, of course, everything, Rare earths, everything that they've controlled and we've let them take the supply chains. But one of them, generic medicines. Go to jacemedical.com today promo code Bannon today. Just check it out. Just get on the site and see about it. Also, Birch Gold, we told you turbulence was coming and it's not going to get any less turbulent. This is a world that is a changing right. As Boyle said and Poso said, they've been unrestricted war for us over a decade, right? But people's war outright Since May of 2019, viciously, viciously first of the pandemic from the Wuhan lab, as we call them, the very first day of war and pandemic and were proven right over time after being smeared and remember and de platformed by everybody because of that. And also for standing up for President Trump and in his victory in 2020, which we're very proud of even today because he did win in 2020. Birchgold.com ended the dollar empire. In the Wall Street Journal article, what they talk about is the Chinese Communist Party making all efforts right now on a de dollarization move globally because they're getting crushed in their capital market. So de dollarization, remember, that's what we talk about in the end of the dollar empire. Go to birchgold.com Spanish check it all out. Poso, you heard Bensman. He makes the case that President Trump and the team are thinking about this. People should understand the NBC report was quite well sourced from, you know, the Pentagon, the intelligence services and the White House. Your thoughts, sir?

[Maria Bartiromo]

Look, Steve, when it comes down though, we know that the border situation has gotten completely out of control. These people, not only these, and I shouldn't say people, these scum, these absolute animals that are operating on both sides of the border. That's what's clear about this, is that these rat lines that they've had over over up and into parts of the southern United States have been going on for a decade plus. The situation is completely unstable. Why are we so worried about the borders of countries that are thousands and thousands of miles away and when again we're not protecting our own economic heartland? You know, I'm an I'M a mackinderite when it comes to the American heartland. You know, not so much about the. The world island, but when it comes to the American heartland. Yeah. Then I become a macinderite. And so this idea is we need to fight. If you look at it as a whole of government, whole of society approach towards the ccp. Well, guess what? The ccp. Where are they? They're at the Panama Canal. They're at the border. When it comes to the fentanyl through. Through the backfilling of these. Of these cartels, they're. They're coming across the Arctic. They're going to Taiwan with the. With the first island chain there. So when you look at all of these things writ large, and then, of course, they're all backfilling with, With Wall street and the Ivy Leagues, taking all of our, you know, professors, the Thousand Talents program. I got it. Okay. The answer is what's behind every door? It always ends up being China. So they're fighting a people's war against us on every single front. And finally, finally there is an administration that says, rather than tapping into that, that saying, I'm gonna. I'm gonna be on the crack myself. No, we're gonna get America off the crack. We're going to get America back to a holistic, healthy heartland, economically, spiritually, and physically. And, yes, that means taking out the running dogs of the CCP in these cartels. So, yeah, there's some cartels that don't. That don't want to stand down. Well, guess what. We've got drones. We've got the 75th Ranger Regiment. We've got the 82nd Airborne. Let's have at it. Let's have that. All of it. When it comes to Special Forces. Why not? Wouldn't surprise me, by the way, Steve, if we had a couple of three guys that are already out there out there painting targets.

[Steve Bannon]

Todd Benzeman. You just heard Jack. People are serious about this. We're fed up with it. We're tired of. Retired, of having our people destroyed by this chemical warfare attack by the Chinese Communist Party. How do you think that's going to set down south of the border, sir?

[Todd Benzman]

Oh, I mean, you know, it's the American dogs. I mean, there's a long history about American military adventures in Mexico and everywhere else down there. And people are. Especially people like Claudia Sheinbaum, people on the kind of socialist left are especially keyed in on this. So I don't know what their pushback is going to be, but they'll push back if we Try something like that. I think what they're up for is some joint kind of US Intelligence led intervention kind of action down there. I don't know what they're going to do if we just go at unilateral. I mean, I think they're going to lose their collective minds. And one thing about that, that I do worry about, I'll just put this out there, is that we don't want to see the Mexican population start viewing the cartels as the hero victims of martyrs against the North American dogs that are doing this to us again. I think there is a fine balance. We don't want to lose the Mexican people in too much military intervention. It's just something to think about.

[Steve Bannon]

Yeah. No, that gets to the Pancho Villa Blackjack Pershing, the last expeditionary force. I think we sat down there. Todd, we'll spend more time on this during the week. Where do people go to get all your great writings and all your information? Because this front in the war of the Chinese Communist Party is about to go kinetic, I believe, either in combination with the Mexican military or in a solo endeavor. So where do people get you? I know you're covering it nonstop.

[Todd Benzman]

They sure have been setting the table for that for a couple of months now. Yeah. So you can, you know, follow me at on x BenSmontodd. I've got an account at Getter. Very active and Truth Social. ToddBensman.com is my website and you can follow my newsletter. Sign up for my free newsletter there. I've got a piece about to publish in the Daily Wire that I just came back from the border and I'll put that up here shortly.

[Steve Bannon]

Great. And we'll push it out. Todd Bensman's Daily Wire piece will push up as soon as we get it. Thank you, Todd. Look forward to having you back on during the week. Got to use Todd Bensman. While we can never know when we're going to lose him to the administration, Jack's going to stick around. We got Spencer Morrison. I hate to say the victor of the debate last night, but let's say the victor of the debate last night, although it was a great debate. Libertarians versus the Nationalists. We're gonna take a short commercial break. We got the right stuff to take us out. We're gonna go around the globe to Malaysia, Kuala Lumpur, to hear about what our potential trading allies are talking about. Now, Jack Posoba is going to stick around with me. Short commercial break, 90 seconds, 2 minutes, I think back in a moment. The war room. The April 15 tax deadline is coming and it's coming fast. Do you have unfiled tax returns? Can't pay the irs. The IRS is more than aggressive and the more aggressive than ever. And the longer you wait, the worse it gets. Wage garnishments, bank levies, even property seizures are all on the table. You need to get ahead of this. You need to get ahead of it today. But going up against the IRS alone is a big time mistake. Take my advice. Call the experts at Tax Network usa. They know the system. They have an edge, a preferred direct line to the irs. They know which agents to deal with and which ones to avoid. Whether you owe $10,000 or $10,000,000. Their genius strategies are designed to quickly settle your tax problems in your favor. Tax Network USA's attorneys and negotiators have already resolved over $1 billion in tax debt. Let me repeat that. They've already resolved over $1 billion in tax debt. Tax Network USA can help you too, but you need to move. You need to move fast because April 15th is already here. Remember, if you get that letter, don't put it in the drawer. It just metastasizes. Talk with one of our strategists today. It's totally free. Stop looking over your shoulder. Stop the anxiety, stop the worry. Put it all behind you. Call Tax network USA at 1-800-958-1000. That's 800-958-1000 or visit tnusa.com Bannon that's Tax Network USA. Go to tnusa.com Bannon Curdhuman really trying.

[Matt Boyle]

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[Steve Bannon]

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[Matt Boyle]

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[Steve Bannon]

But if you'd like to check us out, you can go to sacredhumanhealth.com and.

[Matt Boyle]

Cheers to your health.

[Steve Bannon]

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