
Loading summary
Roku Advertiser
Have you ever wondered what it would be like to have supervision, enhanced hearing, extraordinary reflexes? To be, dare we say, superhuman? Well, Roku's new Pro Series TV can't do any of that for you, but with a 4K screen, side firing speakers and a blazing fast refresh rate, it'll sure feel like it. Elevate your entertainment using all your favorite apps like iHeart and Play all your music, radio and podcasts with the new Roku Pro series. Your senses aren't better. Your TV is.
Ryan Seacrest
It is Ryan Seacrest here. There was a recent social media trend which consisted of flying on a plane with no music, no movies, no entertainment. But a better trend would be going to chumbacasino.com it's like having a mini social casino in your pocket. Chumba casino has over 100 online casino style games, all absolutely free. It's the most fun you can have online and on a plane. So grab your free welcome bonus now@chumbacasino.com sponsored by Chumba Casino.
Voiceover Artist
No purchase necessary. VGW Group Void where prohibited by law 21/ terms and conditions apply for some.
Thrivent Advertiser
Of us, personal finances aren't just personal. They include a lot more people than ourselves, loved ones, neighbors, the communities we call home, and the causes we hold in our hearts. At Thrivent, we help plan your financial picture with the bigger picture in mind. Because even though our business is helping guide your finances, our ambition is to make it mean so much more. Thrivent where money means more Connect with.
Voiceover Artist
Us at@thrivent.com deciding on what to listen to is hard. Using Xumo to stream music from iHeart 90s radio is easy or play iHeart country or hip hop beats your choice. All for free. Stream easy with Zumo Play. Get live and on demand entertainment with no logins, no signups, no accounts, no hassle. This April binge these classics the Whole Nine Yards starring Bruce Willis and Matthew Perry, adaptation with Nicolas Cage and Meryl Streep and the Fisher King with Robin Williams. All streaming free on Zumo Play. Go to play.zumo.com now life is hard. Zumo is easy.
Thrivent Advertiser
Discover Vizio's complete lineup of home entertainment. From stunning smart TVs to immersive sound bars, Vizio has you covered. Experience clarity like never before, bringing your favorite shows and movies to life. Plus, with Watch Free plus built in, you'll enjoy free live and on demand TV right out of the box. You can even stream your favorite music and podcasts with the iHeartRadio app ready to go on every Vizio Smart TV along with hundreds of other pre downloaded apps ready to transform your home entertainment. Visit vizio.com today.
Ted Cruz
Good Monday morning. Welcome. It is Verdict with Ted Cruz, Ben Ferguson with you and Senator, you had one eventful weekend, a little time on Air Force One, catching your first UFC fight. Not a bad way to hang out on the weekend.
Ben Ferguson
Well, I did. I had a fantastic weekend. I spent much of Saturday evening, in fact all of Saturday evening with President Trump, flew down to Miami on Air Force One, went to the UFC fight, which was incredible, was joined by multiple members of the cabinet. I'm going to tell you all about that. I'm going to take you on Air Force One, I'm going to take you to the ufc, tell you everything that happened. There's also a lot of battles that are playing out in Washington. The dominant story continues to be tariffs. And tariffs are having massive economic impacts on the United States, on the world. The particular rules and policies are changing every week, sometimes every day. We're going to break down those changes, what they mean and we're going to talk about what's likely to happen next. We're also going to talk about a decision from an immigration judge this past week that Mahmoud Khalil, who was the anti Israel protester at Columbia University, that he can be deported, he can be sent home. This is the right decision. We're going to explain what happened. All of that in today's podcast.
Ted Cruz
Yeah, it's going to be a really interesting story there, that's for sure. Want to talk to you real quick about the international fellowship of Christians and Jews. So many of you are now getting involved in helping the people in Israel right now. And unfortunately, Israel is still under attack. Missile fire has resumed from the Houthis, from Hezbollah and Hamas and the enemies they're seeking. Israel's destruction. They've been pretty clear from the river to the sea. Well, here in America, we cannot imagine living under constant threat of terrorism and rocket attacks. And this is the reality, unfortunately, in Israel, parents who take their kids to school and then are forced to fall to the ground, lay on top of their children, trying to comfort them as the sirens blare, the next attack against Israel is happening. And it's with little time for the people there to get into a safe place. And that is where you come in. The international fellowship of Christians and Jews are providing life saving aid and security essentials. And your gift today will help provide security essentials like bomb shelters, flat jackets, bulletproof vests for first responders as well as armored security vehicles, armored ambulances, so they can save people that are in dangerous areas and so much more. So join me in standing with Israel. You can call right now to give your gift. 888-488. IFCJ. That's 8884-8843-2588-8488 IFCJ. Or go online to support IFCJ.org that's one word. Support IFCJ.org Senator, I gotta say, the videos that came out of you with Donald Trump, people will know, like the FBI Director, Tulsi Gabbard. At this UFC fight, it looked like you guys were just having a blast. Was this your first time at a UFC fight? And what did you think of it, first off?
Ben Ferguson
So it was. I've never been to a UFC fight. It was a blast. Dana White invited me to come and. And then the President invited me to. To join him on Air Force One coming down. So I was. I was part of the President's team that came in. And so I came in with. With the President, with. With Elon Musk and Little X. We had also Marco Rubio came, Cash Patel, the director of the FBI came. Bobby Kennedy came, and his wife, and Tulsi Gabbard came. And so we were all on Air Force One came, came to the event. And I got to say, have you ever been to a UFC fight?
Ted Cruz
I actually have, and I think they're just unbelievable.
Ben Ferguson
Holy cow. Number one, it's in Miami. That the stadium was rocking. The energy, I mean, it just shook the floor. And I walked in with President Trump. When the president walked in, there are not words to describe how much the people in that stadium love President Trump. And it just erupted. It. You know, if he were Mick Jagger riding on Evel Knievel's motorcycle through flaming rings, I'm not sure they would have cheered louder. And it was. It was very cool. We were all seated right ringside, right by the octagon, and it is so close. I mean, it is something else. These guys, these fighters, they are big dudes. Actually, some of them are little dudes, but the little dudes are ripped, and they just beat the living crap out of each other. I mean, they are so fast. You know, the first fight we saw, you know, one hard punch literally dropped a guy, and he was basically just knocked out cold because he stepped into a punch. Some of these fights, they get pretty bloody, which was like, wow. I mean, they just beat the living daylights out of each other. But the skill. These fighters are boxers. They're wrestlers. They do jujitsu. They do mixed martial arts. And so there's kicking and punching and throws and grappling, and it was incredible. And I gotta tell you that the number of fighters that came up to the President and just said, you're my guy, that was powerful as well.
Ted Cruz
This place, as you mentioned, was packed. And one of the things that, As I was watching it on TV and many may have seen some of the tweets that were sent out, the. The excitement, as you mentioned, for Donald Trump, the chance of USA and Trump, they were very loud. He comes in there and look, this guy understands the moment. It's one of the. I think one of the best things about Donald Trump, he walks in like he's a prize fighter walking in for a match, like. And that's how he's treated.
Ben Ferguson
It is. It absolutely is. Now, I will say one of the strange things is, you know, President Trump wears a suit and tie pretty much everywhere other than the golf course. He wears a suit and tie constantly. So if I were going to a UFC fight, I would never wear a suit and tie. Like, that is not how I would dress. Sure. And so I'll confess, I kind of debated, all right, what do I wear? And you know what? I figured, all right, if you're hanging with the President, you owe the respect to the office. And so I went ahead and put on a suit and tie and came in, and it was. And look, it was very nice. They introduced me during the course of the fight, and there was a big, loud cheer. I was gratified. Look, you know, I represent Texas, not Florida. But the Miami folks were feeling. Sending some I love my way. So that made me happy, and it was an amazing time. We were taking lots of pictures. Several of the pictures that I tweeted out were actually taken by Cash Patel, the FBI director, who's a friend of mine.
Ted Cruz
Yeah, good guy. Good friend of mine as well. He's awesome. And by the way, he gets away with not wearing the suit. Did you notice that he was, like, black on black?
Ben Ferguson
I did give him some grief for that. Now, Cash is a huge UFC fan. He's been to a bunch of the fights, and he follows them closely. And he was just like, no, this is what. This is what I'm going to wear. But so I had him take several of the pictures. Then I turned to him and I said, cash, what kind of moron gives his cell phone to the director of the FBI? And he cracked up laughing. And I said, just to be clear, I'm not waving any Fourth Amendment privilege on my phone. And he did give it back. He gave it back and he did not search the contents.
Ted Cruz
That's awesome. When you look at this cabinet and you were on Air Force One, by the way, down there, and this is your first time on Air Force one in, in 47 this term, his new term. You've been on it obviously before I've been on Air Force One. It's the coolest plane in the world. I don't care what anybody says, it's absolutely unbelievable. But, but what's it like in the mood there, this, this Cabinet? And the reason why I ask is it seems like they are much tighter. They have a genuine affinity for one another and they enjoy each other's company. You can see it when they're in the Cabinet meetings, you can see it when they're on, but you're there with them. I mean, it just seems like there's a different level of mesh, like they're genuine teammates working together every day.
Ben Ferguson
Yeah, I think that's right. I think the Cabinet the second term is much stronger than the Cabinet in the first term. I think the President has been looking for and has appointed change agents, people that are going in to really make a serious difference in the Cabinet agencies they've been appointed to. And he's looking for people who are committed to fighting to implement his agenda. And I'll tell you, in the first term he had some people who did that, but he had some of his appointments who actively undermine and fought the White House and did real damage. And so I think there's a much greater consistency of the Cabinet fighting alongside the President rather than fighting against the President in this second term. And you asked what the mood was. Look, on Air Force One. I've been on Air Force One a bunch of times. The mood. The President was, he was in great spirits, he was in great cheer. You know, we flew back at 2 in the morning. I gotta say, the president is 78, he's almost 79 years old and he had complete and total energy. And I gotta tell you, X, who's 4, he turned, turns 5 in May as a 4 year old, he was wide awake and running around at 2 in the morning. And in fact, I asked the President, I said, okay, Mr. President, who has more energy, you or X? And he just kind of laughed, but it was kind of close. They're both at 2:00 in the morning. In fact, the President went to the back of the plane and did an impromptu news conference. The reporters fly in the back of the plane and he was joking, you Know, before he went in, he was talking with all of us, said, all right, I'm gonna go talk to the reporters now. And he said, can you imagine Joe Biden doing this? And he said, look, Biden would be asleep by like, 8pm how could he possibly.
Ted Cruz
Yeah, he wouldn't even bet the fight, let's be honest.
Ben Ferguson
Yeah. Now, look, if they had a game of shuffleboard, Biden might have made that.
Ted Cruz
That's true. Or, you know, he did like riding the bikes until he fell over. But, you know, there's. There's that as well. I just think it's incredible to see not only the stamina, but also the excitement and the love for life. I feel like there's a genuine happiness around this Trump. I feel like there's a lot of days in 16 to 20 where he was angry and for good reason, and mad and frustrated, and he was going to war with the media. I feel like now he's messing with him a little bit more, and he's genuinely loving this time as being present this time. It's a different perspective. Is. Is part of that. Because the assassination attempt, do you think? And also saying, hey, I'm getting another chance of redo, basically, from 16. I'm better at it this time. I know what I'm up against. I know how bad the government is, the deep state, etc.
Ben Ferguson
Look, I think he's having fun. I also think, and this is something, actually, he and I talked about quite a bit on Air Force One, which is he's able to accomplish a lot more this term than he would have been if he had served an immediately successive term. If he'd gone back in the White House in 2021, in what would have been a close and bitter and contested election, we would not be accomplishing a fraction of what he's accomplishing now. It really took the four years of Joe Biden and Kamala Harris, the absolute train wreck that they made of everything, to make, I think, the American people ready for the Trump administration to implement real and serious change. I also think those four years, the Trump team spent that time really thinking and thinking seriously about what they wanted to accomplish. And so you look at these executive orders they're putting in place that they're rolling out day after day after day, I think if it were an immediately successive term, you would not have seen anywhere near as bold and as effective executive action as we've seen. And Trump emphatically agreed that the fact that he was coming after four years of Biden gave him much more ability to implement significant change than if he'd just been serving an immediately consecutive second term.
Ted Cruz
So the question I'm gonna ask, which is the 1 I think 99% of the people listening want me to ask you right now, is. All right, so did you guys talk about tariffs? Did you talk about. Trey, what it. Like, what's the conversation? What were you guys chatting about? When it comes to a policy standpoint, because you look at the different people you're with, it could have gone a lot of different ways. You had Kennedy there. That's totally different than Cash Patel conversation or. Or Tulsi's conversation, maybe. What were you guys talking about?
Ben Ferguson
Yeah, look, a lot of times the conversations are. Are substantive. I gotta tell you this one. Everyone was excited about going to the ufc, and so it was kind of a happy, jovial mood on the way back. His granddaughter Kai was there, and she's a terrific golfer. So he was like, you know, show everyone your golf swing. And so he pulled it, you know, had her pull out a phone and show, you know, she's gonna be playing at University of Miami golf team. And. And so he was. It was. It was a relaxed, joking around, fun environment. Look, there was some discussion of tariffs, but the main discussion of tariffs, and we're gonna get into tariffs right now, was he was talking about all of the law firms that have cut deals with the administration and have signed commitments to give typically $100 million, or in some instances, $125 million of pro bono legal services, free legal services, for issues that matter to the Trump administration. And he was saying, collectively, it's over a billion dollars in legal services. And so he was saying, you know, what should we use that for? And I'll tell you what I suggested. And what he was agreeing is you've got some of the best lawyers in the world. And I was saying, look, we ought to use these guys to help negotiate trade deals. We've got companies all over the world, or countries, rather, all over the world, that are coming and wanting trade deals, wanting to lower their tariffs against US Goods and services, wanting to get President Trump's tariffs lowered against them, and just papering 100 plus deals is incredibly complicated. It takes a lot of serious lawyering. And so having over a billion dollars of free legal services, and I think the President was quite interested and was pretty emphatically agreeing that that is a very good thing to devote a lot of that energy is to negotiating trade deals that benefit America and that lower tariffs on American goods going abroad.
Ted Cruz
Well, you mentioned that there's A lot of paperwork. Yeah, there's gonna be an awful lot of paperwork because we're now hearing from the White House that they have negotiations that are in essence underway with what was 40 countries early, then it jumped to 70. Now they're saying 130 countries are sitting there ready to have the conversation on tariffs.
Ben Ferguson
Yeah, that's exactly right. Kevin Hassett, who's the head of the National Economic Council, he was on TV this weekend. Give a listen to what Kevin said. Well, what do you say to small.
Kevin Hassett
Business owners or even big business owners who say they're having difficulty making long.
Ben Ferguson
Term business decisions because the country seems.
Kevin Hassett
Right now to be run by capricious whim? Oh, I don't think at all it's run by capricious whim. The way that I would think about it is that in the previous administration, you can sort of say, if you're thinking about it in the football analogy, is that they were running out the clock and that what's going on now in the Trump administration is across a wide array of policy areas. We're in a two minute offense. And the two minute offense is pushing, as you've seen the reconciliation bill through, so that we get tax relief for American people, deregulation, and of course, trade policy. Now, on the trade policy, the whole point of the trade policy is to address the, the national emergency that we're too dependent on foreign products in the US Especially if we were at a time of conflict and we're doing something about that. And the reciprocal act was basically, guys, if you come to the table and negotiate us with us and treat us the same way we treat you, then we'll, you know, get your rate really low. And so right now, 130 countries, 130 countries have responded and we're negotiating with them and they've got their rate down to 10%. And so really, it's kind of almost a two world system. There's, there's a process about China and that's very, very nascent, if at all. And then the process for everybody else. So the process for everybody else is orderly. It's clear people are coming to town with great, great offers. We've got Japan, Korea, India. I was just talking to the foreign minister of India, and everything is moving forward very quickly. And so I guess the bottom line is that the small business owner has experienced over the last few weeks the start of a process that's settling down really quite quickly. Again, 130 countries are at 10% now.
Ted Cruz
130 countries at 10% now. And they're saying they're coming in and they want a deal done. They want to get done quick.
Ben Ferguson
Well, look, and I think that's notable, that the number of countries are coming in, asking for a deal, negotiating, eager to come to the table. It's up to 130 is what the White House is saying. That is unprecedented. That is remark, and that is a significant victory. That is reason to celebrate. Now, you and I have talked before about how this administration's approach has been an approach kind of borrowed from Silicon Valley of move fast and break things. And so things are moving fast. There's a lot of uncertainty. And I do think it's right that the business world is disconcerted by the uncertainty, that when it comes to investment, if you're going to invest money, and this is true, whether you're a small business or a giant corporation, you need some modicum of certainty to know whether to deploy capital. And so every time the rules change, that makes businesses less likely to deploy capital. And so my hope is that we will see a greater degree of predictability and certainty. Now, you and I have talked in this podcast about how there is a battle waging within the Trump administration that's still very much going on, and it is waging. On the one hand, you have people like Kevin Hassett, you have people like Elon Musk, you have people like Scott Besant who are arguing aggressively, lower tariffs from other countries, use these tariffs as leverage to negotiate extraordinary free trade agreements. And those voices right now, I think there's some momentum behind those voices. Those voices prevailed when last week, President Trump paused the tariffs across the board. As we talked about on this podcast, I spent an hour the night before, along with several other senators, urging the president to do exactly that. And he listened to us and others that were arguing to do that. But there are other voices in the administration that are saying, no, don't lower the tariffs. It doesn't matter if other countries lower their tariffs. Let's keep tariffs in place in perpetuity. And I very much hope that that second group of voices does not prevail, because I think that would be a really harmful economic policy for the country if we end up having massively high tariffs of every country on earth against America and massively high tariffs of in America against every country on earth. I think that'd be really bad for Texas farmers and ranchers and businesses and for American farmers and ranchers and businesses. And so I'm encouraged right now that I think the free market side of that argument is prevailing. But I would say don't get complacent. This battle is very much going back and forth and it is a live argument.
Roku Advertiser
What are you looking for in a new smart TV? 4K picture quality, high quality and immersive sound. A sleek design? All of those are givens but only the new Roku Pro series has all of those and the Roku Streaming Experience an award winning OS. Get fast easy access to all your apps like iHeart where you can stream all your favorite music, radio and podcasts all day and regular all inclusive trips to Roku City. The new Roku Pro Series A smart TV built by the streaming pros.
Ryan Seacrest
It is Ryan here and I have a question for you. What do you do when you win? Like are you a fist pumper, a woohoo, a hand clap or a high fiver? If you want to hone in on those winning moves, check out Chumba Casino. Choose from hundreds of social casino style games for your chance to redeem serious cash prizes. There are new game releases weekly plus free daily bonuses so don't wait. Start having the most Fun ever@shambacasino.com no purchase necessary.
Voiceover Artist
VGW Group void where prohibited by law 21/ terms and conditions apply.
Ryan Seacrest
You know Israel is still under attack. Missile fire has resumed from the Houthis, Hezbollah, Hamas enemies seeking Israel's destruction. This is the reality since October 7, 2023. Parents now taking their kids to school, falling to the ground to lay on top of their small children to protect them because sirens are blaring because of incoming rocket attacks. The next attack against Israel is happening right now. That's why your generosity is critical. That's why we have partnered with the International Fellowship of Christians and Jews to help provide not only humanitarian assistance but life saving aid and security essentials. Your urgently needed gift today will help provide security essentials. It will provide bomb shelters, flak jackets, bulletproof vests for first responders and so much more. Call now 888488 ifcj 888488 ifcj or one word supportifcj.org that's one word supportifcj.or or 888488 ifcj deciding on what to.
Voiceover Artist
Listen to is hard. Using Xumo to stream music from iHeart 90s radio is easy or play iHeart country or hip hop beats your choice. All for free. Stream Easy with Zumo Play. Get live and on demand entertainment with no logins, no signups, no accounts, no hassle. This April binge these classics, the Whole Nine Yards starring Bruce Willis and Matthew Perry adaptation with Nicholas Cage and Meryl Streep and the Fisher King with Robin Williams. All streaming free on Xumo Play. Go to play.zumo.com now. Life is hard. Xumo is easy.
Rodney Williams
I'm Rodney Williams. And I'm Travis Holloway. Welcome to the Wealth Break. Let's be honest, building wealth doesn't look the same for everyone. It's not just about saving. It's about investing. It's about navigating systems that weren't built for you, embracing your hustle and relying on your community to create something bigger. That's exactly why we created the wealthbreak. We made something different, something more human. It's not just another financial podcast. It's a conversation about real life, real struggles and real wins. We're here to talk about the journey. You're hearing from people who've broken barriers, found creative ways to succeed and learn to build wealth on their terms. Whether it's the first time homeowner, a gig worker, or someone turning a side hustle into a six figure business, we're bringing you their stories. And we're not stopping at success stories. We're breaking down the realities, like what it means to take risk, how to navigate failure, and why resilience matters. Because wealth isn't about money. It's about creating a life where you can thrive and help others to do the same. So if you're ready for a podcast as much as about people as it is about money, you're in the right place. Listen to the Wealth Break podcast on the iHeartRadio app.
Ted Cruz
There's also a big separation now that we're seeing in this conversation and it deals with, he's saying, hey, we're dealing with a lot of these countries one way. We're going to deal with China a little bit differently. Then we also had this, this, this announcement come out that there were going to be some exemptions on, on tech items like phones, computers and chips from these tariffs. The Commerce Secretary, Howard Lutnick, he went on ABC this week to try to explain all of this, saying, hey, this is in essence also short term and we will see tariffs come in there. But we're trying to make this work now so that these, there's not a major disruption or a massive hike in some of these important items. Take a listen to what he had to say on ABC this Week.
Howard Lutnick
I'm joined now by Secretary of Commerce Howard Lutnick. Secretary Lutnick, thank you for being with us this morning. I really appreciate your time. So let's start with that news.
Secretary of Commerce
It's my pleasure.
Howard Lutnick
Let's start with that news. Late Friday, this exemption on electronics, smartphones, laptop computers and the like. What's the thinking? Why the exemption?
Secretary of Commerce
Well, if you remember, over the past couple of months, President Trump has called out pharmaceuticals and semiconductors and autos. He called them sector tariffs. And those are not available for negotiation. They are just going to be part of making sure we reassure the core national security items that need to be made in this country. We need to make medicine in this country. We learned it during COVID We need to make it in this country. We need to make semiconductors because if we don't own semiconductors here, remember all, virtually all semiconductors are made now in Taiwan and they're finished in China. It's important that we reassure them. And so the president is going to come out with his policies on semiconductors and pharmaceuticals. They're going to be outside the reciprocal tariffs. And he was just making sure everyone understood that all of these products are outside the reciprocal tariffs and they are going to have their own separate way of being considered.
Howard Lutnick
But, but, but wait a minute. I'm asking you about the exemption, not about, I mean, the notice that went out Friday night saying that electronics, a wide range of electronics, including smartphones, including components used to make microchips, that these are now exempt from the reciprocal tariffs. Why that move?
Secretary of Commerce
Well, remember, those products are going to be part of the semiconductor sectoral tariffs which are coming. So you're going to see this week there'll be a register in the federal registry, there'll be a notice put out that is different types of work. So we're going to do that. We did that in autos. The president's going to do it for pharmaceuticals and he's going to do it for semiconductors. So all those products are going to come under semiconductors and they're going to have a special focus type of tariff to make sure that those products get reassured. We need to have semiconductors. We need to have chips and we need to have flat panels. We need to have these things made in America. We can't be reliant on, on Southeast Asia for all of the things that operate for us. So what he's doing is he's saying they're exempt from the reciprocal tariffs, but they're included in the semiconductor tariffs, which are coming in probably a month or two. So these are coming soon. You shouldn't think this is really outside of it. Really think of it as being included in the semiconductor space, much like pharmaceuticals.
Howard Lutnick
Okay.
Secretary of Commerce
Special attention and the president is on it.
Voiceover Artist
So.
Howard Lutnick
So you're saying that the big tariffs on things like smartphones and laptops, iPhones, all those iPhones built in China, that those tariffs are temporarily off, but they're going to be coming right back on in another form in a month or so or what are you saying?
Secretary of Commerce
Correct? That's right. That's right. Semiconductors and pharmaceuticals will have a tariff model in order to encourage them to reshore to be buil in America. We need our medicines and we need semiconductors and our electronics to be built in America. We can't be the holden and rely upon foreign countries for fundamental things that we need. We can't be relying on China for fundamental things that we need. Our medicines and our semiconductors need to be built in America. Donald Trump is on it. He's calling that out. So you should understand these are included in the semiconductor tariffs that are coming and the pharmaceuticals are coming. Those two areas are coming in the next month or two. So this is not like a permanent sort of exemption. He's just clarifying that these are not available to be negotiated away by countries. These are things that are national security that we need to be made in America.
Ted Cruz
You listen to Howard there, you know him obviously, and you hear what he's saying. He's trying to say, hey, we're still moving forward, but we're also having to make sure we don't do too much at one time that can hurt people. And so there's a tough line here. I understand how frustrating this can be as an American, because you may say, well, hold on, it sounds like maybe they're getting a better deal than the little guy is here. Break that down for us.
Ben Ferguson
Well, it sounds like that because they are. Listen, I like Howard. He's a smart, very effective business leader and he's joined a team that is drinking from a fire hose. So they're trying to do an awful lot all at once. But I have to say the result is the rules are changing and they're changing very rapidly, which makes it incredibly hard for anyone to know and predict what they're going to be tomorrow. And for them to deploy capital knowing what the rules are going to be, that's a problem. You need consistency. There's a bigger problem, which is the question that was being asked is the administration announced this week that for smartphones and laptops and electronics that they were exempt from the tariffs announced, including the tariffs In China, the 145% tariffs, I gotta say that that's a policy a lot of folks are quite rightly pointing out that that benefits gigantic tech companies that have armies of lobbyists in Washington whose CEOs were arrayed on the stage at Inauguration day. But it doesn't do a whole lot of good for the little guy. You know, I'm hearing from Texas small businesses that are manufacturing goods and some of the components that go into the goods they're making are coming from China, coming from other countries, and they're facing very, very significant tariffs and the small business is not getting an exemption. And I gotta say, the argument that, well, yeah, we gave a gigantic gift to Tim Cook and Apple, but don't worry, in the future we'll put some different tariffs on semiconductors, but we're not gonna tell you what they are. But they are gonna come. And at some point in the future they'll come, but presumably they're gonna be a lot less than the 145% on China that everyone else has to pay if they're not in big tech. I mentioned that there is an ongoing battle within the administration. I think this policy is a consequence of that ongoing battle. I'll be clear. I am not a fan at all of sectoral exemptions that essentially benefit, that pick winners and losers. I think, you know, when you talk about the swamp, when Washington decides to say, okay, you're the winner, you're the loser, you're the winner, you're the loser, that is a really dangerous and slippery slope. And if you're going to do it at all, if you want to make an exemption, make an exemption for small businesses, make an exemption for the little guy. If you want to say a small business with revenues below $50 million or $100 million, a small manufacturing business is exempt from paying the tariffs. That might make sense because we're going to see some of those small businesses that are really import dependent potentially go out of business. And if you wanted to make an exemption rather than do it for gigantic companies, I'd do it exactly on the other side and look out for the little guy that is more vulnerable to the immediate vicissitudes of the changes in policies.
Ted Cruz
Yeah, and like you said, they're drinking from a fire hose. This is, this is when it gets complicated, when you're trying to break big things and change things. There are X factors in here and caveats where you say, hold on a second. Is this really what the, like, as you put it, the small business owners need? Which is the reason why we have this conversation every day. I want to move to this other big issue also that we mentioned earlier, and it was a massive victory for the Trump administration when it came to an immigration judge doing a major ruling on deporting students that are advocating for the death and destruction of students on campus that, by the way, are Jewish, are advocating their support for terrorist organizations. And this all comes out of Columbia University, where it has become a major point of, all right, who's going to win this? Is the Trump administration going to win this or the radicals on the left gonna win? It was a big win for Donald Trump this week.
Ben Ferguson
Well, it was a win. I don't know that it was a massive victory because it's clearly right under the law. So it was a win that was going to happen, but I'm glad it did. And so listen, one of the things that President Trump is doing that is exactly right is the Trump administration is deporting those who engage in anti Israel, anti American protests, who are foreign students, who are on student visas, who are non American citizens. You don't have an entitlement to be here. And look, we talked about during the Biden administration, when these viciously anti Israel, anti Semitic protests were going on, that the Biden administration could do something about it, but they didn't want to because Joe Biden and Kamala Harris and Chuck Schumer, they agree with the pro Hamas protesters. They agree with the radicals. And so you didn't see the Department of Justice investigating them. You didn't see them following the money. You didn't see them trying to do anything really, to protect the Jewish students on campus who were being targeted for harassment and threats of violence. Well, you and I, in fact, one of the very first pods we did in the new administration is we interviewed Pam Bondi at cpac. And in that podcast with then Attorney General Bondi, right after she got confirmed, she made clear then they're going to go after these radicals. And I will say immigration law gives considerable, considerable flexibility to the administration to decide who that is here on a permissive visa can be sent home. And so in this case, you had Mahmoud Khalil, who was a Colombia anti Israel protester, who the administration is in the process of deporting. And he is challenging that in court. And an immigration judge ruled that he can be deported due to his involvement in last year's pro Hamas protest at Columbia. And this is a judge, Judge Jamie Comins rather. And he said the government had met its burden of proof. I think that's clearly right. And the Department of Homeland Security laid out how Khalil misrepresented himself on his green card application, and in particular, he was not up front about his involvement with organizations he's involved with. He willfully failed to disclose his employment with the Syrian office in the British Embassy in Beirut when he applied for permanent US Residency. And what the federal government argued is that made him inadmissible at the time he was given his green card because of, quote, fraud or willful misrepresentation of material fact. He also failed to disclose his work for unwra. And, you know, UNRWA we've talked about before, is the UN Agency that has literally been in bed with Hamas. You had multiple Hamas terrorists working at unwra. UNWRA has given significant material aid to Hamas terrorists. And the court ruled that. Look, that is ample grounds to deport him. I think that ruling is clearly right. And if you looked at Khalil, you looked at his writings, this is someone who is viciously anti Israel and anti American. And in fact, he's using the deportation to just rail against America and what a hostile environment it is. And in fact, Khalil's argument, here's something he wrote. He wrote an op ed in Colombia, you know, attacking how dare you deport me. And he says something. He accuses the Columbia administrators of manufacturing, quote, public hysteria about antisemitism without once mentioning the tens of thousands of Palestinians murdered under bombs made of your dollars. So understand, this guy's complaint is that the Columbia administrators stood too strongly against anti Semitism. They let their entire campus get taken over. They let Jewish students be terrorized. They let campus buildings be taken over. They were weak and ineffective, which is why the president of Columbia had to step down. And yet this guy's claim is, nope, nope, they were too strong against anti Semitism. They should have been effectively marching alongside me in favor of Hamas. This ruling is clearly right. I'm glad it came down. There are going to be more rulings like this if you are here.
Ted Cruz
So this will have precedent, right? Like this is going to now.
Ben Ferguson
No, it won't. This is a ruling of an immigration judge in this case. So it doesn't resolve the issue across the country. But the immigration law is quite clear that, look, Khalil's case was harder because he was a legal permanent resident. He has a green card. And legal. Permanent residents have greater legal protections than just somebody under student visa. Somebody under a student visa. They can have their visa revoked and sent back. It is not a high threshold to do that. To revoke a green card is a higher threshold. And so the ruling here is, well, the Department of Homeland Security gave evidence that he had lied when getting his green card and that was basis for deportation. And so that I think that's the right ruling here. It's a good ruling and I think you're gonna see Listen, let me say to any anti American radicals who've come in on student visas, you are not welcome in America. And if you are going to use our hospitality to attack and threaten and harass fellow students, if you're going to use our hospitality to attack America, get the hell out. And and we're going to help you get the hell out. And that is one of the best things the Trump administration is doing right now.
Ted Cruz
Yeah, Amen to that. Don't forget we do the show on Monday, Wednesday and Friday. We have a week in review on Saturdays of things you may have missed during the week. So make sure you hit that subscriber auto download button. Share this podcast on your social media, wherever you are because it helps us reach more people and get the news out of what we're talking talking about in the center. And I will see you back here on Wednesday morning.
Roku Advertiser
What are you looking for in a new smart TV? 4K picture quality, high quality and immersive sound, a sleek design. All of those are givens, but only the new Roku Pro series has all of those and the Roku streaming experience, an award winning OS. Get fast easy access to all your apps like iHeart, where you can stream all your favorite music, radio and podcasts all day and regular all inclusive trips to Roku City. The new Roku Pro series, a smart TV built by the streaming pros.
Thrivent Advertiser
For some of us, personal finances aren't just personal. They include a lot more people than ourselves, loved ones, neighbors, the communities we call home, and the causes we hold in our hearts. At Thrivent, we help plan your financial picture with the bigger picture in mind. Because even though our business is helping guide your finances, our ambition is to make it mean so much more. Thrivent where money means more Connect with.
Voiceover Artist
Us@Thrivent.Com deciding on what to listen to is hard. Using Xumo to stream music from iheart 90s radio is easy or play Iheart country or hip hop beats your choice. All for free. Stream Easy with Zumo Play. Get live and on demand entertainment with no logins, no signups, no accounts, no hassle. This April binge these classics. The Whole Nine Yards starring Bruce Willis and Matthew Perry adaptation with Nicolas Cage and Meryl Streep and the Fisher King with Robin Williams. All streaming free on Zumo Play go to play.zumo.com now life is hard. Zumo is easy.
Thrivent Advertiser
Discover Vizio's complete lineup of home entertainment. From stunning smart TVs to immersive soundbars, Vizio has you covered. Experience clarity like never before, bringing your favorite shows and movies to life. Plus, with Watch Free plus built in, you'll enjoy free live and on demand TV right out of the box. You can even stream your favorite music and podcasts with the iHeartRadio app ready to go on every Vizio Smart TV along with hundreds of other pre downloaded apps. Ready to transform your home entertainment? Visit Vizio.com today.
Roku Advertiser
Time is precious and so are our pets. So time with our pets is extra precious. That's why we started Dutch. Dutch provides 24. 7 access to licensed vets with unlimited virtual visits and follow ups for up to five pets.
Ben Ferguson
You can message a vet at any.
Roku Advertiser
Time and schedule a video visit the same day.
Ben Ferguson
Our vets can even prescribe medication for.
Roku Advertiser
Many ailments and shipping is always free. With Dutch, you'll get more time with your pets and year round peace of mind when it comes to their vet care.
Episode: UFC w POTUS, Big Tech Exemption from Tariffs & Trump Victory Deporting Anti-Israel Radical
Host: Senator Ted Cruz
Co-Host: Ben Ferguson
Sponsor: Jobs, Freedom, and Security PAC
[02:32]
Senator Ted Cruz opens the episode by greeting listeners and introducing the co-host, Ben Ferguson. Ben recounts an eventful weekend spent with President Donald Trump on Air Force One, attending a UFC fight in Miami.
Notable Quote:
Ben Ferguson [02:46]: "I had a fantastic weekend. I spent much of Saturday evening with President Trump on Air Force One, went to the UFC fight, which was incredible."
Ben describes the high energy at the UFC fight, the enthusiastic reception President Trump received, and the camaraderie among the attendees, including notable figures like Elon Musk, Marco Rubio, and Tulsi Gabbard.
[06:27]
Ted Cruz expresses his admiration for the UFC fight atmosphere and President Trump's ability to engage and energize the crowd, likening Trump's entrance to "a prize fighter walking in for a match."
Notable Quote:
Ted Cruz [08:14]: "It's one of the best things about Donald Trump, he walks in like he's a prize fighter walking in for a match, and that's how he's treated."
Ben emphasizes the effectiveness and charisma of President Trump, noting the strong support from the audience and the impressive display of daily stamina from both the President and his young granddaughter, Kai.
[15:13]
The conversation shifts to the dominant issue of tariffs affecting the U.S. economy. Ben discusses ongoing negotiations aimed at lowering tariffs imposed by the Trump administration and highlights the involvement of over 130 countries eager to reach trade agreements.
Notable Quote:
Ben Ferguson [17:41]: "130 countries are at 10% now, and they're saying they're coming in and they want a deal done quickly."
Ben critiques the administration's approach to sectoral exemptions, particularly favoring big tech companies like Apple, while small businesses face significant tariff burdens. He advocates for exemptions that prioritize small businesses to prevent their demise due to high import dependencies.
[20:00]
Ted Cruz and Ben delve deeper into the complexities of the tariff negotiations, referencing Commerce Secretary Howard Lutnick's recent statements about semiconductor and pharmaceutical tariffs being exempt from reciprocal tariffs temporarily.
Notable Quote:
Ted Cruz [26:45]: "Defining how we're dealing with these exemptions is critical because it affects both big tech and small businesses differently."
Ben argues that the administration's rapid policy changes create uncertainty for businesses, hindering their ability to make long-term investment decisions. He underscores the need for predictability and criticizes the preferential treatment of large corporations over smaller enterprises.
[35:26]
The discussion pivots to immigration policy, specifically the deportation case of Mahmoud Khalil, an anti-Israel protester from Columbia University. Ben asserts that this ruling is a significant victory for the Trump administration in combating anti-American and anti-Israel sentiments on campuses.
Notable Quote:
Ben Ferguson [36:22]: "Khalil misrepresented himself on his green card application, making him inadmissible and rightful grounds for deportation."
Ben details Khalil's fraudulent activities, including his undisclosed employment with the Syrian office of the British Embassy and involvement with UNRWA, an organization linked to Hamas. He criticizes previous administrations for failing to act against such radicals and praises the current administration's decisive actions.
[41:12]
Ted Cruz emphasizes the importance of this ruling, highlighting its alignment with immigration laws and the broader strategy to protect American values and security.
Notable Quote:
Ted Cruz [42:33]: "Any anti-American radicals who've come in on student visas are not welcome in America. If you're going to attack America, get the hell out."
Ben reiterates that while this particular ruling does not set a nationwide precedent, it exemplifies the administration's commitment to enforcing immigration laws against those who threaten national security.
[42:33]
Senator Ted Cruz wraps up the episode by reminding listeners of the podcast's schedule and encouraging them to subscribe and share the podcast to expand its reach.
[42:54]
Ted Cruz signs off, reinforcing the podcast's mission to provide insightful analysis on current political issues from a conservative perspective.
In this episode of "Verdict with Ted Cruz," the hosts delve into significant political and economic issues, including President Trump's vibrant presence at a UFC fight, the intricate negotiations surrounding tariffs with numerous countries, and a landmark deportation case targeting anti-Israel radicals. Through engaging discussions and insightful analysis, Ted Cruz and Ben Ferguson highlight the administration's efforts to implement pro-American policies, support small businesses, and uphold national security. Notable quotes throughout the episode underscore the hosts' perspectives and provide listeners with a clear understanding of the issues at hand.
Note: All timestamps refer to the main content of the podcast, excluding advertisements and non-content segments.