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Bill O'Reilly
So this tariff thing, everybody is upset, everybody is angry, everybody is fearful. And the good reason I'm not going to tell you to calm down or anything like that, because I don't know how this giant trade war planet wide is going to shake out. I don't know. And usually I do know, which is why you guys take the time to listen to what I have to say. I have no idea. I do know why it's happening. And we went over that on the no Spin News, my television broadcast. But just briefly, United States getting hosed in trade deals. Since the end of World War II, no president has taken it on because it's far too risky. So much downside in trade wars that from Harry Truman to Joe Biden, everybody ignored it. And we can't sell our cars on an equal basis anywhere in the world. We can't sell our agricultural products, we can't sell stuff we make in our plants because countries put up these unbelievable barriers. And not just tariffs, but they put up value Added tax, they put up regulations. Oh, we don't. Like that tire you had there on that Buick. You're going to have to take that back or you're going to have to pay us to do something with that tire, that kind of stuff. Now, Trump understands the problem and he laid it out fairly well, I thought, this week. But most people don't understand. They don't get it. They don't know what tariffs are and they don't care. What they care about is the stock market going down 5,000 points because they can see I'm losing money or if prices go up, I don't know if price is going to go up. The egg prices are down here on Long island, gas is down here. I don't know where you are if that's the case. But I don't know whether prices for essential goods in America are going to go up. They might, but you know, they say prices are going to go up. They don't know. But overwhelmingly the media is negative toward anything that Donald Trump does. He cannot do anything that they will approve of. That kind of blitzkrieg every single day gets out into the minds of people who don't seek information like you are. You're seeking information from me, analysis from me. You can take it or leave it. You're an American, but you're seeking it. You want to hear and we provide you fact based analysis. And here is a fact that 80% of the corporate media hates Donald Trump. And no matter what he does hate, it's going to be bad and that was on display with the tariffs this week. Roll is hard to overstate the potential impact of tonight's breaking news. And it's no exaggeration to say it has the potential to affect more lives and livelihoods in this country and around the world than virtually anything short of wars and pandemics.
Unknown Commentator
Donald Trump has been on a quest to turn the United States relationship with our friend Canada, one of our closest allies, on its head. But between his manufactured trade war and threats to make Canada the 51st state, his actions are so ludicrous and so deeply unpopular that they are prompting the booing of our national anthem at NHL and NBA games held in Canada over the last couple weeks.
Bill O'Reilly
President Trump calling it a declaration of economic independence. He calls it Liberation Day. It is almost certainly to liberate more money from your wallet. It's utter nonsense. The European Union charges the U.S. a 39% tariff. That's obviously preposterous. It's totally invented. We don't even know where that number comes from. Yeah, we know. He's not going to tell you the truth, no matter what. Okay? There's no way that man is going to tell you the truth. He's going to tell you that Trump is the devil. Republicans are bad conservatives at this maga is that that's what he's paid to do. So, for example, if you want to send a Chevrolet to Germany, where the German car industry is one of their biggest, okay, you got Mercedes, BMW, you got all of these cars, Audi, you want to send a Chevrolet over there. German government says, okay, number one, you have to pay this amount to get the, the car into Dusseldorf or Amborg or Berlin. Number two, and they charge you a value added tax on that car. So say, you say the seller car for $70,000, we're going to take 15,000 of that. You're going to have to pay us, okay, for that. And we got regulations. So we don't like that bumper that you have on that Chevy because the bumper is a little bit too wide for the Autobahn or anything. Okay? This is what happens. So the cost goes up and up and up and up. Now, if you travel the world, and I have, okay, you don't see American cars, many of them in Europe. You don't see any in China, any in Japan, any in South Korea or South Asia. You don't see any American cars in India. You don't see them in Pakistan. That is why when President Trump had his press conference this week saying, this is why I'm doing this trade stuff, he had the United Auto Workers there backing him because the auto people know we can't sell our cars abroad. Meanwhile, millions of Americans are buying Mercedes, Toyotas, Hyundai, you know, you name it. Because the United States our tariffs are much lower. So they can do it. They can bring those cars here. And Americans like those cars. And look, freedom of choice. Freedom of choice. Capital is capitalism. I don't want to wipe those cars out. I have a GM car, I have a Cadillac, nine years old, it's the greatest car. I'm not getting rid of it. And it looks good, I keep it in good shape. And it's got a tape deck in it. Try to find a tape deck these days so it doesn't affect me. I'm not buying some dopey Mercedes. And here's why I won't buy Mercedes. In particular, Mercedes company propped off Adolf Hitler. They were big, big on the Fuhrer and armaments and getting him around never paid a price. Never. I know I wrote Killing the ss. I know what they did. Never get a penny of my money. That's an aside. Okay, so when you have a dishonest media as we have in the United States, that no matter what Donald Trump does, it's evil, it's bad, it's corrosive, it'll hurt you. Deporting criminal aliens. No, we'll find four non criminal aliens that have been deported and we'll make that the page one story. Doge. Rooting out corrupt government spending, wasteful government spending. No, we'll demonize. Okay, Elon Musk, we'll make him into the devil so that people put SWAT stickers on his Tesla's. That's what we'll do. So deporting criminal aliens. No, we don't want that wasteful spending. We don't want to uncover that dei. How many millions of people haven't got it admitted to universities, colleges or have been turned down for jobs because they weren't the right skin color agenda. How many? So that's gone now. Oh no, we got to bring that DEI back. Gotta have it, gotta have it. That evil Trump racist. Oh, absolutely. You get my point right now I've been in the business 50 years. I'm not a conservative, I'm not a Republican, I'm a free thinker. I want problem solvers, I'm a registered independent. But I am a journalist to the core. One of the best and you know it. Okay. I am the most successful non fiction historical author in the world. In the world. Because my books are fact based and my reporting is accurate. I have never seen this level of corruption in 50 years. And here's why it matters to you. If the American people cannot get the truth, cannot see both sides of an issue, if they are shut out from that kind of access, they cannot make responsible decisions. They'll make decisions out of fear, out of ignorance, out of partisanship, out of rancor. Those are not healthy, good decisions. And that's why the Founding Fathers set up the press, in the hope that honest information would get to you. And it is not happening. One final note on the tariffs, I do not know whether they will work. I am taking it on the chin in the stock market like everyone else. But I'm not panicking. I understand why it's happening. And I am rooting for the country. Not for President Trump, not for the Republican Party. I'm rooting for the country. The more manufacturing we can bring back to the United States, the more investment in this country, the better it is for all of us. Does that make sense?
Podcast Summary: Bill O’Reilly’s No Spin News and Analysis
Title: Trump's Tariffs: The Fallout and Media Response
Host: Bill O'Reilly
Release Date: April 4, 2025
In the April 4, 2025 episode of Bill O’Reilly’s No Spin News and Analysis, host Bill O'Reilly delves into the complex and contentious subject of President Donald Trump's implementation of tariffs. The episode meticulously examines the ramifications of these tariffs on the American economy, international trade relations, and the pervasive negative portrayal by the media. O'Reilly provides his insights, backed by factual analysis, aiming to shed light on a topic that has left many Americans confused and concerned.
[00:01] O'Reilly begins by addressing the widespread anxiety surrounding the ongoing trade war initiated by President Trump. He emphasizes the uncertainty of its outcome, stating, "I have no idea how this giant trade war planet wide is going to shake out." He underscores the rarity of a U.S. president taking on trade deals post-World War II, highlighting the inherent risks and potential downsides.
O'Reilly outlines the primary reasons behind the tariffs:
Unfair Trade Practices: The United States has been consistently disadvantaged in international trade agreements, with barriers such as high tariffs, value-added taxes, and stringent regulations preventing American goods from competing on an equal footing globally.
Impact on Various Industries: He cites specific examples, including the automotive and agricultural sectors, which struggle to export due to these international barriers. For instance, he explains how strict regulations on American cars in foreign markets drive up costs: "If you want to send a Chevrolet to Germany... you have to pay this amount... and we got regulations."
[00:50] O'Reilly asserts that President Trump comprehends the underlying issues plaguing U.S. trade and has articulated his strategy effectively: "Trump understands the problem and he laid it out fairly well." However, he laments that the general populace remains uninformed about the complexities of tariffs and their potential consequences.
He criticizes the media’s persistent negativity towards Trump, stating, "Overwhelmingly the media is negative toward anything that Donald Trump does... it's a kind of blitzkrieg every single day." This relentless criticism, according to O'Reilly, skews public perception and undermines the administration's efforts.
O'Reilly shares his frustration with the media bias, highlighting that "80% of the corporate media hates Donald Trump." He believes that regardless of Trump's actions, the media invariably portrays them negatively, as seen with the recent tariffs: "That was on display with the tariffs this week."
[02:15] The discussion shifts to the tangible economic impacts of the tariffs. O'Reilly acknowledges the uncertainty surrounding the effectiveness of Trump's policies: "I do not know whether they will work." Despite personal financial stakes, he remains composed, emphasizing his commitment to the country's well-being over partisan loyalty: "I'm rooting for the country. Not for President Trump, not for the Republican Party."
He elaborates on the broader economic consequences:
Manufacturing and Investment: O'Reilly advocates for revitalizing American manufacturing and increasing domestic investment, positing that these measures are beneficial for the nation's economy.
Consumer Choices: He contrasts the tariffs with consumer preferences, noting that millions of Americans purchase foreign cars like Mercedes and Toyota because U.S. tariffs are lower, making these vehicles more affordable domestically.
[04:45] O'Reilly critiques the current state of American journalism, asserting that the media fails to provide balanced information essential for informed decision-making. He argues, "If the American people cannot get the truth, cannot see both sides of an issue... they cannot make responsible decisions."
Highlighting the role of the press as envisioned by the Founding Fathers, he contends that honest and unbiased reporting is crucial for democracy. He expresses disappointment over what he perceives as the media's inability to deliver this, stating, "It is not happening."
O'Reilly also shares his credentials, positioning himself as a bastion of factual reporting: "I am the most successful non fiction historical author in the world... my books are fact based and my reporting is accurate."
In wrapping up, Bill O’Reilly reiterates his commitment to providing fact-based analysis despite the uncertainties surrounding Trump's tariff policies. He remains optimistic about the future, emphasizing his dedication to the country's prosperity: "The more manufacturing we can bring back to the United States, the more investment in this country, the better it is for all of us."
O'Reilly leaves listeners with a call to seek unbiased information and remain informed, underscoring the importance of understanding the complexities of international trade and the media's role in shaping public perception.
Bill O'Reilly [00:01]: "I have no idea how this giant trade war planet wide is going to shake out. I don't know."
Bill O'Reilly [03:26]: Referring to Canada's reaction to Trump's trade policies: "His actions are so ludicrous and so deeply unpopular that they are prompting the booing of our national anthem at NHL and NBA games held in Canada over the last couple weeks."
Bill O'Reilly [04:45]: On media bias: "If the American people cannot get the truth, cannot see both sides of an issue, if they are shut out from that kind of access, they cannot make responsible decisions."
Bill O'Reilly [End]: "The more manufacturing we can bring back to the United States, the more investment in this country, the better it is for all of us."
Bill O’Reilly's analysis presents a critical view of the current trade policies under President Trump, emphasizing the potential economic fallout and the detrimental role of media bias. He advocates for a reassessment of U.S. trade strategies to enhance competitiveness and domestic investment. Furthermore, O'Reilly underscores the essential role of unbiased journalism in a thriving democracy, calling for consumers of news to seek out factual and comprehensive information sources.
Note: This summary is based on the provided transcript and reflects the viewpoints expressed therein. It is intended to offer a comprehensive overview of the podcast episode for those who have not listened to it.