← The Dan Bongino Show
The Dan Bongino Show
America's Liberation Has Begun | Episode 14
00:56:36
President Trump's Liberation Day was yesterday and all of the tariffs went into effect. What does this mean for you? What does it mean for America? How will/have other countries respond/responded? All this and more on today's episode.
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- [00:00]
Vince
President Trump with a massive announcement yesterday at the White House. Liberation Day for the United States of America. Of course, hysteria in the media and in some cases the markets. Today we'll talk about all of the impacts, what they mean. I've got an expert assessment coming up in just moments you do not want to miss and you're probably not going to find anywhere else. Stay with us here on Vince for that. Great to talk to you this morning. A massive audience already piling in on rumble.com Vince, thank you for that. More in a lot more in a moment here on the show. Look, I don't know your exact situation, but if you're like the thousands of homeowners American Financing talks to every month, you're struggling to keep up, barely making ends meet, drowning in high interest debt. It's not your fault. Life just got more expensive, inflation hit hard. If you're still carrying credit card balances with 20% or more interest rates while your mortgage sits untouched, you are ignoring the one thing that could possibly turn it around, your home. And this is where American Financing can help. Would you trade 10 minutes for a shot at saving an average of 800 bucks every single month? Because that's exactly what homeowners are doing when they call American Financing. It's a simple no obligation call. It could change everything. They have a team of salary based mortgage consultants. There's no incentive to put you into a loan that doesn't make sense at all. So there are no upfront fees to find out how much you can save. Don't wait. Just call American Financing today and start feeling that relief. 888-879-6460 that's 888-89-6460American Financing.net Vince NMLS Number 182334 NM Day in the United States of America. That's what President Trump announced from the White House yesterday, a big speech where he showed all of the ways that countries have been imposing financial penalties on the United States. Now the big conversation was these would be about reciprocal tariffs, countries imposing tariffs on us and us responding in kind. It is, I'll admit, a little more complicated than that. And we'll get into the details on that in a moment. But first, take a look at President Trump holding up the big chart of the ways he says other countries are taking advantage of the United States.
- [02:03]
President Trump
It's very windy out here. We didn't want to bring out the big charts because it had no chance of standing. Fortunately, we came armed with a little smaller chart. So it's 67%. So we're going to be charging a discounted reciprocal tariff of 34%. I think. In other words, they charge us, we charge them, we charge them less. So how can anybody be upset? They will be, because we never charged anybody anything. But now we're going to charge European Union. They're very tough. Very, very tough traders. You know, you think of European Union, very friendly. They rip us off. It's so sad to see. It's so pathetic. 39%. We're going to charge them 20%. So we're charging them essentially half Vietnam. Great negotiators, great people. They like me, I like them. The problem is they charge us 90%. We're going to charge them 46% tariff.
- [03:04]
Vince
All right, the President of the United States laying out all of these tariffs that we will be levying against these countries. Now, to be specific, when does this happen? Well, by this weekend, a 10% flat tariff to happen across the board for all of these countries around the planet. And then next week, you saw those tariffs that the President was talking about. Next week, Wednesday, is when they all come into place. For more on what exactly we just saw on the impact it's going to have on the country, I want to bring in Oren Kass now is the chief economist for American Compass. Oren, good to see you here, sir.
- [03:33]
Oren Kass
Great to see you. Thanks for having me.
- [03:35]
Vince
Glad you're here to talk about all this. Now, I've seen a lot of hysteria about this. This is going to impoverish us. This will destroy the economy. What is he doing? This is a massive tax increase. And then meanwhile, I've been looking at your ex account and I've been seeing a lot of reasoned sobriety, which is actually, President Trump's been talking about this for a long time. This isn't shooting from the hip. And there's a method to this madness. Tell us about it.
- [03:58]
Oren Kass
Well, to your point, President Trump ran on imposing a 10% global tariff on putting 60% tariffs on China, on renegotiating our agreements with other allies.
- [04:08]
Vince
Yeah.
- [04:09]
Oren Kass
And this is now what they're going forward and doing. And, you know, I think we've seen over the last couple months a bunch of sort of stops and starts as they've gotten going. I think there's still a lot of fair questions about where exactly they go. Now, are these supposed to be permanent? What are we actually asking other countries to do? And so there's a long way to go on it. But the idea that this came out of nowhere, or to your point, that people should be hysterical about it. I don't understand. And I think the best way to realize this is, look, we've been doing that. We jumped into this free trade thing generation ago. We decided to embrace China. We've seen all the costs that that brought. If we're not happy with those things, if we wished we'd done it the other way. It's never too late to do it the other way.
- [04:55]
Vince
I noticed that. I mean, at the Rose Garden yesterday, the president brought out a number of UAW members, people who work in industries who they've seen devastated over the decades. They're enthusiastic about this. The cattle ranchers in the United States are enthusiastic about it. They were releasing statements saying it is insane to try and sell American beef around the planet. We get treated horribly. American beef is of the highest possible quality, and we want access to those markets. So the guys who actually make stuff, the agriculture guys, they seem to be on board with this.
- [05:26]
Oren Kass
Well, and this is the problem with how we did free trade, right? If you like, listen to the politicians and the economists selling free trade. They try to sell it as you Americans get to make things and sell it to the rest of the world. But that's not what happened. What happened with free trade was we opened up our market, we took the things we used to make here, moved them away, and now we get to buy a lot of things from the rest of the world. And that's what you see in our trade deficit. If trade was working well, I'd love to have free trade. I'd love to be buying all sorts of stuff from around the world, people around the world buying all sorts of stuff from us. But what we got is we only got half of that deal, and it's the half that does not work for American workers.
- [06:05]
Vince
No.
- [06:06]
Oren Kass
And I think that's where you see a huge part of what the Donald Trump movement has been all about and what he's acting on.
- [06:11]
Vince
So let me. I want to talk about the formula for a second, because this, I think, really matters. And I. And I hope everyone sticks with me for this, because, you know, when we. Coming into yesterday, the basic thought that everybody was being presented with is if your country imposes a tariff on us, we will impose a tariff on you. That's what we thought reciprocal tariffs would mean. The formula that the White House released yesterday and has since acknowledged is what it is really addresses the trade deficits between all of these countries. In other words, we. We are buying a lot more product from, say, Japan than Japan is buying from the United States. So in turn, we're imposing a bit of a penalty on Japan. Essentially, the percentage comes out to half the trade deficit in order to make up for that trade deficit. So is this wise? Is that a wise way to construct this, do you think?
- [06:59]
Oren Kass
I think the important thing to say is that this did not come out of nowhere. That if you were paying attention, I mean, I'm a relatively smart guy, I guess, but I was just listening to what they were saying, what it was clear they wanted to do. I wrote a piece back in February explaining that this exact. This was exactly what they meant by reciprocal. Because problem with reciprocal tariffs, you just hold up a mirror and do the same thing everybody else is doing.
- [07:22]
Vince
Yes.
- [07:22]
Oren Kass
Is tariffs aren't necessarily what they're using. So Japan's a great example. Japan actually has some of the lowest official tariffs in the world in terms of, like the tax you pay. But they have all sorts of policies that make it very hard to sell into the country, that make it much easier for their sellers to export to us.
- [07:39]
Vince
Yes.
- [07:40]
Oren Kass
And so I think the president and his team are exactly right. What we're focused on is the deficit. That's what we want to fix.
- [07:46]
Vince
Okay.
- [07:47]
Oren Kass
And so what we're going to do is we're going to create tariffs that look at how big the deficit is. The reciprocity. What's reciprocal is not. You do a tariff, we do a tariff. Right. If there's imbalanced trade, we are going to put tariffs in place. Probably not. We don't want them to be permanent. We want them to lead you to change your behavior.
- [08:05]
Vince
But let me explore trade deficit for a moment, what that even means. So as I understand it, what happened yesterday is they assessed the trait, the goods deficit. So we sell. We buy widgets from Japan. They. They buy very few widgets from us. That's the basic thing. But Japan buys services from the United States. Services are separate and distinct from goods. And when you include services, that actually change the math. In some cases, countries that we have trade deficits with, we could actually assess. Well, we have a trade surplus with them actually, in terms of the way money is flowing. So is it wise to just focus on goods? Is that a key element here?
- [08:41]
Oren Kass
Well, I think there are two things here. One is that the good side of the equation is just much, much larger.
- [08:47]
Vince
Yeah.
- [08:47]
Oren Kass
So it's true that America is very strong in services. We should be clear. You know, you're talking about a lot of services provided by the knowledge workers, you know, financial services.
- [08:57]
Vince
Right.
- [08:57]
Oren Kass
Technology services. That's A much, much, much smaller piece of the pie. So when economists say, sure, we have big goods deficits, but look at our great services surpluses, those do not cancel each other out at all overall. The second thing, and this goes to why we care about the deficits, is that what economists got wrong for so long and we're finally catching up on, is that making things matters. If you want to have a healthy economy, you need that industrial base. You need to actually have the manufacturing. If you want to have national security, you need to manufacturing, you want to have strong communities and good jobs for people all across the country. You need manufacturing, agriculture, mining, all of those kinds of industries. There's a social benefit to manufacturing, huge social benefit. And so look, if we were a country that was like crushing on manufacturing and didn't have any services, then you'd probably say like, well, actually we need to be focused more on the services. But if you look at how our economy has evolved over the last few decades, if you look at who's been left behind, if you look at what our challenges are, the challenges on the way that we hollowed out our industry. And so that's what, that's what this is all about, is how do you reverse that?
- [10:03]
Vince
So how compelling is this, what Trump just did yesterday, how many countries are going to rush to get into line is really the key question, I think, because we've already seen in the last 24 hours a number of countries making ovations very quickly that they want to, they want to resolve any conflict here. We saw Israel come out and saying we're dropping any tariffs we have, we're going to zero. Canada's saying we're ready to drop to zero. If you drop to zero, we drop to zero, we'll all be good. Let's, let's just do that. I'm seeing India is doing everything it can to suck up to Trump right now on this. So it does seem like it is having some impact right away. And the other piece is, as I mentioned at the top, the 10% tariff doesn't go into place until this weekend. And then the big tariffs don't go into place until middle of the week, next week. Isn't that kind of an eternity in Trump time and the kind of thing that could get these countries to rush to the table with big offers very quickly?
- [10:54]
Oren Kass
I think that's definitely part of the calculation. And I would separate out that the 10% global tariff across the board, they're doing that sooner. I think the intention is that that's likely to be Quite permanent, that that's not going to be negotiated country by country.
- [11:07]
Vince
Right.
- [11:08]
Oren Kass
Those big tariffs targeted at where we have big deficits, I think it's absolutely right to interpret those as aim to start a negotiation. And what you just described, that what countries came out and immediately did was say, oh, we'll drop our tariffs to zero. That captures exactly why we didn't just want to do reciprocal tariffs. It would not have been good for us if the other countries just said, okay, we'll go to zero tariffs. And we said, oh, okay, great, problem solved. And so what you're seeing instead is your point, ok, maybe that's their opening offer. What I think you're going to hear for the Trump administration and what I also think they need to do a better job communicating is, no, no, here's what we're looking for. Trade deficits don't just emerge out of nothing. They emerge out of a lot of the policy choices that countries make. And up until now, everybody said, well, this is just an American problem. And what we're instead saying is, no, no, this is everybody's problem. If we're gonna have free trade, everybody needs to do their part to solve it. And if, and if we do do our part, if we do get that, get the deficits down, then that's great, then the tariffs can come down.
- [12:10]
Vince
So President Trump specializes in big opening moves. He does this all the time. I mean, we're seeing it right now with immigration, these videos of gangsters being flown into El Salvador and then thrown in maximum security prisons. The effect of that has been illegal. Immigration has stopped. Nobody's coming across the border anymore. People are self deporting from the United States in order to avoid that fate, whether or not they're actually due to receive that fate or not. So, so in some sense, I, I know this. You have to trust Trump's, Trump's judgment here because he does things in these like giant, spectacular ways to start as an opening offer and gets everybody to fall in line as a result. So I'm looking forward to that. I think that's going to happen. The other piece here is how big of a deal is it that we already have $5 trillion of investment that foreign countries, foreign businesses have now promised brought into the United States at the behest of President Trump? And do you expect to see more of that now as these countries are like, maybe we can, we can give big gifts to the United States to buy our way out of this.
- [13:09]
Oren Kass
I think that's gonna be a big part of the solution. And I wouldn't even call it gifts. There's actually a very clear precedent for this and it's actually something Ronald Reagan did. In 1981, when Ronald Reagan came into office, the Japanese auto market was crushing the American one. We were being flooded with lower cost Japanese imports. Big three was sort of on the verge of bankruptcy and Reagan basically under a threat of big tariffs from Congress, Reagan got the Japanese to agree to voluntarily just cap their imports. Just they said the number of cars that went in last year were just, that's it, no more, no increase in cars. Instead, what Honda and Toyota are going to do to keep serving the American market is go build factories in America. And so the entire Japanese auto industry that we now have in the United States making investments here, employing hundreds of thousands of workers here, making the Toyota Camry actually the most American car on the road in terms of who's actually made the stuff in it. That was all a function of this kind of negotiation. And so I think that's exactly what we want to see is, look, we know that when other countries think it's in their interest to win industries from us to export to us, they choose policies that do that. And we're shifting that equation. We're saying no, no, what is now in your interest is to fix this and to get back to balance.
- [14:29]
Vince
Yep.
- [14:30]
Oren Kass
And by the way, let's just be clear on how reasonable that is. Right. There's just like, oh, like the United States is now being the bully, the unite. Right. We're not asking them to do anything that we wouldn't do too. We're not saying no, no, no, now we want to be the exporter. You have to take all of our stuff. Instead, all we're saying is let's get rid of the distortions that have been put into the system. Let's get back to the system the way it was supposed to work.
- [14:49]
Vince
Also, we have a lot of weight, don't we? I mean, so as I understand it, 25% of our economy is international trade. 25%. The rest is domestic. Our economy is charged by our domestic trade between the states. And so that's not the same for so many countries. There's a lot of countries who are highly dependent on American money flowing in. Their portfolios are not diversified. They're heavily dependent on our market. So in terms of just like being able to throw your weight around, we have a lot of it, don't we?
- [15:18]
Oren Kass
United States has a tremendous amount of leverage. Even the 25% is an overstatement because it counts both the imports and the exports.
- [15:24]
Vince
Yes, it does. Yes.
- [15:25]
Oren Kass
If you think about as a share of gdp, as sort of a share of our economy, it's closer to 15. And to your point, for a lot of other countries, you know, it can be upwards of 50. If you think about how dependent certainly Canada and Mexico are on their relationship with us. And then if you even think more broadly about just the role, you know, I think something else that's very important to the Trump administration is the security side of things and the role that we play in essentially paying for everybody else's defense.
- [15:52]
Vince
Yes.
- [15:53]
Oren Kass
And so, you know, my assessment of what's going on here is that the Trump administration has said, look, this, this old world order where the US just sort of takes everyone else's stuff and pays for everything. Yeah, that's over. We would like to have a great strong alliance, economic and security, with, with as many market democracies as possible. But here are the requirements. Balanced trade, you pay your own way on defense. And we all agree to keep China out. And the United States, we absolutely commit to all of that too. But that's what we're looking for everybody to agree to. And if you're in, we're in. Great. If you're not in, we actually do have things like tariffs that we're willing to put on the table.
- [16:33]
Vince
I want to point to what's going on with Wall street today. We're watching as the stock market is sliding a little bit today. That's true. Also in global markets, which are all panicking about this. Can we finally put to bed the idea that President Trump is beholden to Wall street, that somehow everything is mot. What do the billionaires want? What does Wall street want? This is definitely not one of those moves, is it?
- [16:56]
Oren Kass
I think that's been one of the most important pieces of all of this. And you've seen this even over the last couple months, Treasury Secretary Bessant going out and saying, look, the American dream isn't just cheap stuff. Look, we're willing to actually pay a short term price to turn this around. Look, just because it's not good for Wall street doesn't mean it's not good for America. And what's so funny is that all the capital v very serious people who spend their time on shows complaining about American politics compl people like the Trump administration. This is all they've ever said they want. They want people making long term decisions, making short term sacrifices, thinking about what's actually good for the country. And now we actually have it. And what are they doing? I just saw last night Larry Summers, the Bill Clinton treasury secretary or Obama treasury secretary, leading left and center economist. Larry goes out there and says, you can just take the damage in the stock market, multiply it by 5 or 10, and that's the damage to America, because whatever is bad for the stock market is bad for America. This is now the position the Democrats are taking.
- [17:59]
Vince
Yes.
- [17:59]
Oren Kass
While the Republicans are saying, wait, wait, wait, the national interest is not the same as the stock market.
- [18:04]
Vince
No. And also it's like, tell that to Detroit. Tell that to any number of American cities who have been absolutely hollowed out by these practices. It's absurd. And so I guess this also gets to the point that, like Trump ran on this. As you've been saying, this is not a secret. It's not a surprise. Actually, the only surprise is that everyone else thought he wasn't serious yet again. They thought he was joking about it. Wall street traditionally prices in expectations, right. Where they make adjustments based on, oh, this will definitely happen in the future. They thought Trump was bluffing. They thought he was just using this as a negotiating tactic. And sure enough, yesterday, he says, no, it's liberation day, baby. We're doing it for real. They didn't factor this in.
- [18:44]
Oren Kass
And by the way, let's notice how bipartisan a lot of this actually is when you actually look at. So Joe Biden keeps virtually all of Donald Trump's trade actions. Everything he did on China. Democrats are complaining about Trump. Biden keeps basically all of it.
- [18:57]
Vince
Yeah.
- [18:58]
Oren Kass
If you actually look the recommendations on China specifically now to go even higher, pretty much exclude them altogether. That's bipartisan. House China Committee, bipartisan also in the Trump platform. And then even if you look at this idea of the 10% global tariff, this is something that we've done a lot of work on and we're really pleased to get a first round of legislation introduced. On it. I introduced legislation is Congressman Jared Goldin from Maine, who's a conservative Democrat. There is broad based support among people who are actually focusing on what's good for the country that we need to move in this direction. And ideally, I actually think getting Congress involved is really important at the end of the day, if we want this to be credible, if we want it to be permanent, because we do want companies to succeed. We want them to succeed here. And they need to know what the policies are going to be. They need to know they should place their bets on investing here. So I would love to see the administration push on this and Congress step up on saying this is the direction we're going. Let's actually codify this in law, and everyone knows that that's the plan.
- [20:02]
Vince
So let me just finish on this point. This is a big move that the president made yesterday, and I am very hopeful about what comes next because, again, he ran on this and he's fulfilling the promise to voters. But it does seem like in the end, it's as a big move, it's also a gamble. This could come out great or there could be some downsides, couldn't there? So in your view, how do you expect this is going to go and what are the risks?
- [20:27]
Oren Kass
Well, I think there are certainly some immediate costs, and I think it's encouraging that, that everyone has acknowledged that and sort of not tried to deny that they exist or claim that we can avoid them.
- [20:37]
Vince
Yeah.
- [20:38]
Oren Kass
I think going forward, the big question is how well can the administration get its ducks in a row, essentially, on settling everybody down, saying this is permanent, communicating clearly, here are the conditions under which it will change. So if this is a negotiation, here are the things we're looking for. Here's what we will bargain with versus here's what's permanent. And then, as I mentioned, getting Congress involved in as well. The last piece I'd love to see the administration focus more on is what we might call the supply side, which is if we want to rebuild in America, we need to help make sure that that can happen. Right. We need to support the companies that are coming to invest here. We need to do a lot of work retraining workers to be able to do these kinds of jobs. And so I think the risk is we just say, okay, we had Liberation Day. Now we sit back and it's solved. And I think there's a lot can still go wrong. The second risk is that we say, okay, we had Liberation Day. And now every day is a new chance to futz around with all of this.
- [21:38]
Vince
Right.
- [21:38]
Oren Kass
I think that is a real downside risk. And then the upside is, no, there is actually a plan here. I think Trump's team on this is fantastic. Rubio at State, Besson at Treasury.
- [21:49]
Vince
Yes.
- [21:49]
Oren Kass
Mirren, Council of Economic advisers. Jameson Greer, USTR, obviously, J.D. vance. I think these guys get it. I think they're very serious and thoughtful about it. And I think if Trump sort of deputizes them to now translate this vision into an actual operational plan, I think we could see a lot of success.
- [22:10]
Vince
Yeah, I'm with you, and I'm optimistic about this. Oren Cass with American Compass, chief economist there. Thank you very much.
- [22:17]
Oren Kass
Thank you for having me.
- [22:17]
Vince
So grateful you could come in. And by the way, check out Oren's X account where you'll be able to find out a lot more about this. Oren has written extensively about this well before that announcement yesterday of Liberation Day. It'll help ground you and give you a very good perspective on all of this. Thanks again, Oren.
- [22:31]
Oren Kass
Thank you.
- [22:32]
Vince
So, so I'm going to, I'll get more into this in a moment because I do want to talk about kind of the impacts here. Also, the, the people who are very grateful this happened. People, for instance, UAW workers, auto workers from Detroit who are rooting on the president of the United States saying he's doing exactly what they voted for and why they supported him in the first place. More on that coming up. Also, your reaction in the rumble chat. Always appreciate that the April 15 tax deadline is coming very fast. Do you have unfiled tax returns? Can't pay the irs. The IRS is more aggressive than ever. And the longer you wait, the worse it gets. Wage garnishments, bank levies, even property seizures, they're all on the table. You need to get ahead of this. But going up against the IRS alone, that's a mistake. Take my advice. Call the expert that experts at Tax Network usa, they know the system. They've got an edge, a preferred direct line to the irs. They know which agents to deal with and which 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, they've already resolved over $1 billion in tax debt. Tax Network USA can help you, too, but you need to move very fast. April 15th is almost here. Talk with one of their strategists today with no obligation. Stop looking over your shoulder. Put this behind you. Call Tax Network USA at 1-800-958-1000. That's 1-800-958- 1000 or visit tn USA.com/vince. All right, we've got people pouring in. Our thanks again to Oren cast. Oren doesn't have to keep stay in studio. We don't, we don't have much of a process here which people slip in and out.
- [24:09]
Oren Kass
Thank you.
- [24:09]
Vince
Thank you very much. Or in Orange's going to head out. Oren's got to travel. He's got to, he's got to head home. Getting on a flight, which is why he's dressed like he's getting on a flight. So thank you again. We've got, We've got a. A lot of people pouring in here. People are appreciative of the interview and the deep dive. One of the things, and I've seen a lot of people in the rumble chat, I saw while Oren was talking, that people were just talking about the hysteria that's going on all around us. I'm here to tell you, and this is. And you know this from your years with Dan, and you definitely know this from our many years of watching President Trump, what we need right now, and this is not this, I don't mean this in any way as an insult to the ladies. We need masculine sobriety right now. We need. There's fire going on around you and you're the one who's riding out the storm, knowing exactly what the future holds, knowing that, yep, we've got to go through it a little bit. That's what we need right now. And in the midst of all this, how many news cycles have you and I sat through where the whole world is going apoplectic, crazy about everything? Something Trump said, some random press conference, some misinterpretation, some random Washington Post claim about the words that came out of his mouth, oh, he's awful. This is what he's attempting to do. Or look at Covid or any of these other scandals, everything. Every one of these news cycles, there's a reason Dan Bongino came up with the Bongino rule every single time. You got one of these news cycles that start with immense hysteria. Usually if you look back on it, it's the people who kept their feet planted and were sober about what was going on and were thoughtful about it and waited for more data and said, okay, let me process this. Those are the ones, in the end, that you should look back and you should trust, because they're the ones who actually cared about was actually going on and didn't join the latest emotional panic bandwagon. So no more of those. How about that? And here, this is not. Again, this is not a surprise. President Trump ran on this. President Trump ran on this exact principle, restoring American greatness. What does that mean? American greatness means restoring American manufacturing. It means restoring American communities. It means getting rid of the blight, making them less desolate, making them worth living in, getting rid of the drugs. The reality is too many people in Washington have spent too little time in what they refer to as flyover country. But if they even drove half an hour outside of the nation's capital, in many cases, or half an hour outside of the finance center of New York City or half an hour. They don't even have to drive that far in la. What they're going to encounter is an America that's a lot sadder than it used to be. That's a lot more beaten up than it used to be and a lot more hollowed out than it used to be. And so President Trump was elected now multiple times on a promise to fix that. We had tariffs in Trump's first term. I just wanna remind everyone. And guess what happened during that time. Did inflation skyrocket? No. Inflation sat at 1.5%. That's what you want when it comes to the Trump administration. It was a much better environment. The economy was rocking under President Trump. When President Trump introduced the tax cuts in the first place. Very few people in media will ever admit this to you, but when President Trump introduced the tax cuts, by the next year, government revenues had increased in the government, and that's with tax cuts. The reason for that, of course, is that the American economy became more productive in that environment. And so here President Trump has it planned. This is his first year, he's not even to 100 days yet. And his plan is to reorder the global trade system around what's good for America, to restore American industry and manufacturing, to induce international investment in the United States, and then to provide tax cuts, huge multi trillion dollar tax cuts to the American people. So will that result in a savings for you? You bet it will. If they're, if the President's delivering massive tax cuts to you, that means you get to keep more of your money and then spend it on whatever you'd like to spend it on. And as time goes on, that'll be increasingly American made products made in flourishing American communities for perfectly good American prices. So there's a lot of excitement here. I want to share with you some, some footage from that Rose garden yesterday as there's a big. There's a great UAW member who got a chance to speak yesterday. I'll share that with you here in just a moment. But we've got to thank our sponsors. We do have to keep this show free, which is the plan. And the reason we can do that is the great sponsors who make it happen. You know, I love blackout coffee. I adore blackout coffee. It tastes phenomenal. And blackout coffee is a great sponsor. And John is the owner of Blackout coffee is the real deal. He built it from the ground up. He doesn't compromise on quality or values. This is America first coffee, roasted fresh, right here in America. No woke nonsense, just Bold, strong coffee, American coffee for people who actually get stuff done. And as you know, blackout coffee has just been the official coffee of everybody here at Silverlock, led by the great Paula Bongino. You know that this is a brand that stands for the right values. Here's the deal. John is hooking all of us up. If you head over to blackoutcoffee.com Vince and use the code Vince, that's V, I, N, C, e, you'll get 20% off your first order. So you want whole bean coffee, ground coffee, instant coffee that doesn't suck. Blackout coffee provides. They've got you covered. Support a company that actually shares your values. Blackout Coffee.com/Vince, use the code Vince for 20% off your first order. And make America healthy again, baby. Oh, man. I. I've got, I've got some good footage coming up on Make America Again. Make America healthy again. You're going to love it. You will adore what I'm going to share with you. The Maha movement is out in full force. Thank God. I'm inspired. Of course, I've been making my own health and fitness a priority and I've been working with Jacked Up Fitness, an amazing American company. Don, the owner at Jacked Up Fitness, he was just at my house last week. We had pizza together. Not the healthiest thing, but it was a fun pizza night. After he and his team built a power rack pro right in my house. Their commercial grade power rack pro has everything that you need to get a full body workout from home. They've got the cable crossover system, integrated 200 pound weight stacks, a Smith machine. You can do hundreds of exercises. I feel like I've already done hundreds of exercises all on a machine that's right there in my house. Basically everything you can do at the gym, my wife, my kid, myself, we love this. We've been hanging all over this machine. It's great. Having a badass all in one. Power rack pro right there in the home is a game changer for my family. It will be for yours. And also they've got the Get Jacked up program that'll help you. They've got full body video workouts led by celebrity trainers Kim Lyons and Clark Bartram. You just press play and you follow along. It's great, especially if you're just getting started. So listen, I'm doing this. Of course you should too. Let's do it together. Go to getjackedup.com Sign up to access the program right now for free. And when you're ready to order your Power Rack Pro. You can save 10%. Use the promo code. Vince. No more excuses. It's going to be epic. Go to Get Jacked up dot com. Get Jacked up, baby.
- [31:27]
Oren Kass
Who?
- [31:29]
Vince
Let's see. So I do have this gentleman who is these American auto workers very excited. This is Cut six. Listen to this. UAW member, longtime autoworker. He's seen Detroit absolutely hollowed out by Washington, and he says, thank God President Trump is here. Take a Look.
- [31:50]
UAW Member
Thank you, Mr. President. I grew up just north of Detroit, Michigan, in Macomb county, known as the home of the Reagan Democrats. My first vote for president was for Ronald Reagan. I thought that was going to be the best president I ever saw in my lifetime until Donald J. Trump came along. I have watched my entire life, I have watched plant after plant after plant in Detroit and in the metro Detroit area close. There are now plants sitting idle. There are now plants that are underutilized. And Donald Trump's policies are going to bring product back into those underutilized plants. There's going to be new investment. There's going to be new plants built. And the UAW members, and I brought 20 of them with me. They're sitting right over here. We support Donald Trump's policies on tariffs 100%. So, Mr. President, we can't thank you enough. And in six months or a year, we're going to begin to see the benefits. I can't wait to see what's happening three or four years down the road.
- [32:54]
Vince
Yeah. Not every president brings workers in for a major announcement like this. And yet there you have guys working on the front lines of American auto manufacturing, UAW members there, of course, Democrats seething. How did they get the uaw? By actually caring about what they care about, which is their jobs, their livelihoods, and their families. What can we do for you? Democrats have spent years selling them out. How? How did the UAW benefit from its relationship with Democrats? They didn't. They got screwed by that. Imagine you just give your money to your abuser every single month, and that's what the UAW has been doing. They're turning over a new leaf working with President Trump because that's they need to survive. President Trump is trying to rescue them. So really nice to see that. Nice to see the president just take normal Americans, bring him to the White House and support them in that way. Also, it's not just the auto industry. It's also the steelworkers. They're all very excited. Cut three. Take a look. Auto and steel workers pumped about what President Trump announced Yesterday, what was your.
- [33:52]
Oren Kass
Reaction to the president's announcement on tariffs today?
- [33:55]
Vince
What do you think?
- [33:56]
Steelworker
Very excited about it. A lot of my brother, brothers and sister steelworkers like Brian, we're very excited about it because we saw what it did back in 2018. It definitely made a difference in the market. It held back all the influx of all the stuff coming over from everywhere else. Saved a lot of jobs, did a lot of good for us as an American, just as a country. It did a lot. But for the steel industry, it definitely helped us. The more, the more that we can sell more American vehicles and stop this influx of all these imports. It increases everything. The steel industry with, with the aluminum industry, with everybody that supplies everything, for every vehicle that every American owns, it's going to increase, it's going to create more jobs. It's going to be much better tax revenue. It's. Everything's going to be so much better.
- [34:47]
Oren Kass
For all of us.
- [34:47]
Steelworker
And I think it's a very positive thing is what's happening today.
- [34:51]
Vince
Yeah, America is not a stock ticker. America's over 300 million people who live here. What is good for this country? What is good for the people who live here? So, of course, the auto workers, the steel workers, excited about this. They got a chance to see what it looked like in term one. They're very happy to see what's happening now in term two. That's great. The treasury secretary is Scott Besant. He has been speaking of sobriety here. This guy has been sober and steady throughout all of this, explaining it in very educated ways what's happening and why President Trump is making this course correction. He was asked yesterday, this is cut to about whether or not prices are going to go up dramatically for Americans. And we have every right to be concerned about the impact on prices. What will they be? Here is Scott Besson with an answer to that question.
- [35:35]
President Trump
For someone who says that this money.
- [35:37]
Vince
Coming in is really a tax on consumers, what do you say?
- [35:42]
Scott Besson
I say a couple of things. One, we're seeing the. The CEO of Wal Mart is pushing back on his Chinese suppliers and he is telling them they have to eat all the tariff, tariff increases. They're the largest retailer in America. Think 40 million Americans go into Walmart every week. We saw in Trump 1.0 prices didn't go up. And if we have that happening at the same time, we are able to use that income to provide President Trump's tax agenda. No tax and tips. No tax on the, on Social Security.
- [36:23]
Vince
The.
- [36:24]
Scott Besson
Excuse me, no tax and overtime and making Auto interest deductible for American cars. That's a home run for working class Americans.
- [36:32]
Vince
You hear the half, the second half of that part is tax cuts. What are we going to do in order to help Americans get more of their own money back? Which is, which is a huge component to this. Not to be lost in any of this conversation whatsoever. That's the President's agenda with Scott Bessen is laying out there and the impact on prices. I heard, I think it was Howard Lutnick who came out and made this argument. One of the White House officials did and they were saying, look, you have to understand that if one product gets tariffed, the price of that product does not go up commensurate exactly to the level of the tariff. It doesn't. In fact, what ends up happening is that buyers will go to other markets to buy the same product or they'll come right to the United States to buy the same product at a much lower price. And so that means that the, the country that has a tariff imposed on their products, they can't raise the price of that product exactly with the tariff or else that product's not going to sell at all. It's not going to sell at all. The equivalent here is say you own a house and you're trying to sell it and there are buyers out there for that house and then in your community, there's a massive property tax on your home. Well, the buyer's going to say, well, wait a second, I'm not going to go to the community with the massive property tax. I'm going to go to a different community where I can get a better price on a home. I've got options here. The buyer has options. The person who's locked in, in the house, they've got fewer options in terms of where, how they sell it. So they're going to have to eat a loss in order to make their house competitive on the market. Yeah, that's right. The property tax is really crappy here. I'm going to lower the price in order to gain access to that market of buyers. This is what happens, this is what happens with tariffs. And here you have the Trump administration saying we're going to restructure this around what's good for the United States of America, which is really, really critical here. Yeah, it's called market substitution. Says replicant Alpha, laying out all of that excellent, excellent stuff. We're the biggest buyers. We'll say, nope, I'm buying elsewhere. This fifth dimensional bs. So it's really, it's really Great. Yeah. People are very fired up here about what the president is doing and demonstrating a lot of that, what I call it, masculine sobriety. In this issue. Scott Basin is also cut for warning other countries. Now's not the time to fight with us. You've already, you've already attacked us. We're defending ourselves. Don't you dare escalate here. You look at this list of all these countries and there's some policy decisions here.
- [39:00]
President Trump
China is at 34% added to the 20% already.
- [39:04]
Vince
So that's 54% on Chinese goods. Are they going to come back with something big?
- [39:09]
Scott Besson
Well, what we'll see. What they do is my, my advice to every country right now is do not retaliate. Sit back, take it in, let's see how it goes. Because if you retaliate, there will be escalation. If you don't retaliate, this is the high water mark.
- [39:26]
Vince
We don't retaliate, this is the worst it's going to get. In fact, that water can recede if you start behaving yourself, if you reorient your purchases towards the United States of America. That's what Scott Bettson is announcing now. Let me, I just want to dwell for a moment on the timeline. And I talked about it with Oren Cass at the top of the episode. And if you joined us late, go check that out. Oren's brilliant smart guy really offered a lot of explanations for what we've seen, what we're seeing this week. The timeline is amazing. Think about this. President Trump says by Friday, everyone's going to get a 10% tariff around the planet. But by Wednesday of next week, everybody's going to get some shifting scale, massive tariff placed on their country based on the trade deficits that we have with them. That means they have less than a week now to quickly come up with a way to get this to stop, to suck up to the United States, to make President Trump happy. They have less than a week. They don't have a lot of time. They have, certainly it's in many ways an eternity in Trump time, but not an eternity for these countries. They've got to move quickly. And that means what? They don't have time to devise crafty strategies to try and evade us. They don't have time to try and figure out a way that they can pull the wool over our eyes. They need to move with incredible speed in order to try and forestall this or stop it altogether. That's what they need to do. So the president gave them this Tiny little window of time to quickly react to what he just announced. And that's it. This is the only opportunity they're going to get. They better make it good. They better make the offer strong. They better reorient quickly. And yes, I'm seeing some temper tantrums. A couple of countries going on. We're not changing anything. We might impose tariffs on you. That's fine. That's fine. They get ready for suffering because that's what you're in for. Beyond that, though, everybody else, I'm seeing a lot of quick ovations going on from a number of countries who are already saying, we're dropping our tariffs, we're dropping our barriers. We'll buy American, we'll invest in America. Expect a lot more in the days ahead. I think some more apples are going to be shaken out of this tree. I think a lot is going to get shaken out in the next few days. So once again, hold, hold. Because I think it'll be worth holding in the end. It's going to be good. It's going to be very good. More, more, more, more, more. This chaos born. I love that. Okay, let me move now into something else. I want to talk about health. I want to talk about health care. There's a. There's a fellow called Cali Means. Cali Means for a long time, he was a healthcare lobbyist in Washington, D.C. and he worked in that health industry. And he learned a lot. And he became horrified by what he was learning. He. And by now you may know Callie Means. If you don't, you should. Callie is a fella, and he's got a sister named Casey Means. Traditionally, I usually get them mixed up. Cause sometimes Casey's a guy's name, too. So I'm not sure which one's which. Trust me, they're worth following. Callie and KC Means. By now you probably know about them. If you're on board with the Make America Healthy Again movement, as I am, they're brilliant. And they're really, really good. They're really good at saying, hey, there's a huge problem with the American food supply, and it's been aided and abetted by the government. There's a huge problem with nutrition guidelines that the government has been pushing on the American people for a long time. They're not designed for your health. They're designed to enrich some of the wealthiest food companies on the planet. That's the way they were built. There's a huge problem with pharmaceuticals, as you know, and there's a huge problem with chronic disease that Americans are becoming sicker. In a world where we've never had access to more drugs, it certainly seems like health is not improving. And yet the big pharmaceutical companies have become richer than ever. Hello, Pfizer. I mean, which of course is given unbelievable sums of money by our own government and then given all sorts of lawsuit protections in the midst of all these Covid jabs. And they were allowed to advertise, the government did the advertising for them without ever mentioning side effects to any of these drugs. There's massive corruption in this industry. It's an industry that's in bed with people like Anthony Fauci. It's a. The, the medical establishment literally created Covid so not to be trusted here. And so Cali Means is working with RFK Jr. At the Department of Health and Human Services. And this week, the big news out of HHS is they're firing a lot of people. They're firing about 20,000 people from HHS saying, we've got to get rid of a lot of these bureaucrats. This is not an agency that's been serving the American people well. And we need to focus on health. We need to focus on chronic disease. We need to focus on the explosion in autism, the explosion in obesity, the explosion in autoimmune disorders. We have so many things that are worth tackling and we've made no progress on them. In fact, things have only gotten worse in the United States of America. So all of you need to go. Cali Means was sitting down with Politico this week. They did one of these big Politico interviews on stage. And the interviewer, a woman called Dasha Burns, was treating him like he was a caveman. That like, what's wrong with you firing all these experts? Why are you firing all these scientists? People are going to die because of this. And Callie Means was having none of it and he shouldn't have been. And so he decided that he would go full Leonidas, not just on the woman on stage, but in every healthcare lobbyist sitting in the crowd. Take a look at this moment, which deserves a big audience. Take a look at this.
- [45:07]
G
There's real problems. And you know, when you turn on cnbc, it's just a non stop. It's a non stop infomercial for pharma. It's a Skyrizi commercial followed by Scott Gottlieb saying how Bobby's killing people, followed by a breathless coverage of the measles outbreak and no mention of mental health crisis.
- [45:23]
Vince
How does studying a bunch of HHS solves that Problem.
- [45:27]
G
It is insane. It is insane for you to insinuate that the thing standing between us and better health is more government bureaucrats like that is.
- [45:36]
Vince
That's not what I'm insulting.
- [45:37]
G
That is what everyone.
- [45:37]
Vince
That is what she's saying.
- [45:38]
G
Absolutely insane to insinuate that it's some crime.
- [45:41]
Oren Kass
It's not all bureaucrats.
- [45:42]
Vince
It's a lot of scientists, it's researchers, it's people who are making sure that.
- [45:46]
G
Those scientists fundamentally have overseen just demonstrably a record of utter failure, of utter failure. It would be insane. Is that funny? Is that not true? I'd love to hear how. So what metrics would you guys point to for how the scientific community how the four times more per capita on healthcare spending that we spend in America versus other countries has produced innovation? Has there been one single chronic disease medication in modern American history that has lowered rates of the chronic disease? Is it appropriate that the American Academy of Pediatrics right now, which is 90% funded by pharma, is pushing Ozempic on 6 year olds? That is what the medical authorities are doing.
- [46:25]
Vince
That is what the medical authorities are doing. They're pushing Ozempic on six year olds. It's a disgrace. And I love. Don't you love that attitude? How pumped are you? This guy was like, okay, bring it on. You know, let me just give you a sense. I don't know exactly how Politico, who paid for Politico's event, but here's the way it works in D.C. these events, you ever see these news events where basically a media company like Politico, they will do a stage show like what you just saw, where they'll do a live interview on a stage with the number of guests. The point of those events is to make Politico a lot of money. Those are paid for by massive sponsors. Those are revenue generating events. Those are not simple news gathering exercises. Those are some of the core means by which these news outlets are making their money. And so who pays for those events? Massive corporate sponsors do. And those corporate sponsors, one would assume for an event like that would include the pharmaceutical company. The. The audience is packed with pharmaceutical lobbyists who are there, who are probably given tickets by the sponsors who bought the event in the first place. So they bring in Cali Means. And the reason for that, the reason he's so Newsworthy, he's an HHS official, he's a special government employee working for RFK Jr. Working with him, helping inform his judgment here, thinking that they can corner him, embarrass him, do this at an event that's sponsored by these organizations. Again, I'm making assumptions here. I didn't look to see who their corporate sponsors were, but I've seen this happen a million times. And he goes on that stage and he goes, bring it on, suckers, Every single one of you. He had. He had lobbyists for pharmaceutical companies laughing at him disdainfully for saying something that was completely true, which is that these agencies haven't helped us. And by the way, why would pharmaceutical lobbyists be mocking him for the harsh position he's taking on government employees? Why would they be doing that? The answer is because these agencies are captured. That's why. It's because these agencies are hardly distinguishable from the corrupt entities that own them. They're all on the same team. These aren't separate. It's not industry and government being at loggerheads with one another. Not in the world that the left has certainly created, not in the world that Washington has created for so long. They're all on the same team. They're wearing the same uniform. And so Cali Means gets on that stage and goes, you're all full of crap and you're hurting children and you're hurting Americans. All you're doing is maintaining their illness. You're not providing cures. You're not providing solutions. This is a Washington that told you that the solution to Covid was to lock yourself inside of your house, to wear a mask, to hang plastic sheeting around every element of your life, to not go outside, and to jab yourself with an experimental drug. That was the solution. And meanwhile, in real life, the actual solution to the disease of COVID is lose weight, go for a jog, get out in the sun, go, go live your life is the solution to that. Natural immunity is a solution to that. And now, thank God, how pumped are you about the people that President Trump has in his administration right now? RFK Jr is in, Jay Bhattacharya, Marty McCary, Cali Means is in there. This doesn't happen because the game in this case is rigged. This happens because we're going to end the rigging. These are the people. These are the people who are being brought in to be the wrecking balls to destroy that system. And so there's a theme here that I want to dwell on just for the whole show, which is there are people who claim that, ludicrously, that Trump, because he's a billionaire, is therefore owned by Wall Street. And no question, there are rich interests who are trying to constantly get in President Trump's year to advance their own stake. That happens for every president of the United States. They definitely try to do that. But what owned by Wall Street? You've gotta be psychotic to walk away with the assessment that everything President Trump is doing is merely for like his own enrichment or Elon Musk's enrichment or for Wall Street's enrichment. It's pathetic and it's the most brain dead analysis you can possibly summon, especially in light of the fact that what he's actually doing is working for the little guy relentlessly. And then on this issue of health, President Trump's not captured by the healthcare industry. He's not captured by the bureaucrats. He just fired Anthony Fauci's wife this week. Did you know that Anthony Fauci's wife was still working within HHS as a bioethicist? She was just canned this week by the Trump administration also. What kind of bioethics was she doing? She, she presided over the period where Covid was created by the government and then got unleashed and then started mandatory injections on our troops. It's madness. And so that system is being broken and the convulsions that you are witnessing in the corporate media and on like absurd corporate media stages and over our airwaves, in many cases, those convulsions are the convulsions of a captured corrupt establishment furious that you are finally going after them. That's what they're upset about. That's what we're seeing today and we're seeing a lot with this, with, with the reaction here to Trump's tariff policies. I again, go look up Casey and Cali. I'm gonna have, I'm gonna have them on the show. We'll, we'll get these guys at least one or two of them on. We, they reached out very early. One of their, one of their reps reached out really early to, to say that they're available. So hell yeah, we're gonna get them in here. And also at some point we'll have RFK Jr. You got, wait, let me, let me just, actually, let me, I'll ask the audience here chat. Do you want RFK Jr to stop by the show? Is that a yes? I'm getting some yeses, dog mom, 1,000 says yes. Let's see. And if anybody in RFK's orbit's listening, pay attention here. The audience is, is asking right now. Heck yeah. Yes. Yes. Hell yes. Fellas, put the chat up. I just want to make sure RFK Jr can see this. Yeah, I think it's Pretty overwhelming. I think the reaction here. We do have a. No, somebody put it. No, that's a troll. No, I can tell that. Yes, yes, yes, yes, yes. Yeah, we'll get him in here. Who, by the way, he's got the jacked up fitness machine at hhs. Yeah, Jacked up fitness. They wanted to give RFK machine, and so they made a donation there. And RFK said. I guess somebody at HHS said, sure, we'll take the. We'll take the machine. But of course, RFK was like, I can't just take it in my office. Hhs, everybody works here needs to have access to this thing. So they. They put the machine up right there in the building so everybody can use it. They all can all get jacked up. Look at this. Yes, yes, yes. You. I'm telling you, the. You knows, the people who are dropping no's right now, you're trolls. And I love you. Thank you for doing that. I appreciate that. No, we do need to hear from this guy. Even if you disagree with him fundamentally, if you're like, RFK Jr. Is crazy, you know what? You're allowed to have that opinion. And I'm happy to have him in because I'd like to talk to him. Because what is the point of all of this if we can't hold our government officials accountable? What is the point of all of this if we can't talk to these guys and find out what they're actually thinking? Because this is an agency that wields incredible power over the entire health industry in the country, and we desperately need to get this thing fixed. And. And he's been tackling everything, whether it's, you know, the food industry getting out, like, the harmful dyes going after, you know, the stuff that's poisoning people, the chronic diseases, what's going. What's going on with our groundwater? What. What chemicals are they injecting into literally everything that you're consuming. What? You know, beef tallow. You fellas like beef tallow? So can people. Hey. Talk in such a way that people can hear you? Justin, are you a beef tallow guy? Oh, okay. So the guys say they can't. They can't do that right now, but they like beef tallow. Justin likes beef. I don't know if I've ever had the beef tallow. Does it really make a big difference? You can taste it. Steak and shake. Well, I don't have a steak and shake near me right now. You guys are in Florida, so you have steak and shakes all over the place. Okay, we're gonna have RFK on and talk to him. The beef tallow and everything else. I gotta try the tallow. Everybody keeps telling me to try the tallow. So I'm gonna, I'm gonna do that. Hey, guys, would you keep your, your feedback coming? All of you, everybody in the chat. God bless you. We got 60, 62 and a half thousand people in the Rumble chat. Keep the feedback coming. What you like about the shows, what you don't like about the shows. Feel free. I like all the feedback. I'm not. I've got a thick skin. I like it. And I do feel like we're really finding our stride here with this program. And one of the things just. Just to give you sort of an insider perspective, we always debate how we structure the show, where we put the interviews, where we emphasize different things in the program. That debate is always going on. The goal here is to be maximally informative, to make this hour worth your time so that you can consume it, be a little entertained, find out about some cool stuff, find out what's really going on in the world, and hear from experts who really know their crap. So I'm, I'm really grateful. Oh, somebody doesn't like the set. That. That's fine. You don't have to like the set. The set, by the way, just so everybody knows, is temporary. We're here with the generosity of Rumble. This is Rumble Studio. They're just lending, lending us the space right now. We're building a brand new studio for me right now. And as soon as it's locked and loaded, we'll be in there, baby. And we'll be doing the show from there. So I'll give you updates as we go. I owe you more updates on all the nitty gritty behind the scenes, but God bless you, I can't be more grateful to speak to this great audience.