1
00:00:00,560 --> 00:00:03,600
Speaker 1: Thanks Scott chan An hour two Sean Hannity's show, Toll Free,

2
00:00:03,800 --> 00:00:06,000
Speaker 1: it is eight hundred and nine foot one Shawn. If

3
00:00:06,040 --> 00:00:08,239
Speaker 1: you want to be a part of the program. Later

4
00:00:08,280 --> 00:00:11,920
Speaker 1: in the program, the President had a full cabinet meeting

5
00:00:11,960 --> 00:00:15,360
Speaker 1: earlier today, and if you want to hear with America's

6
00:00:15,480 --> 00:00:20,600
Speaker 1: future and how dramatically different and open and transparent, and

7
00:00:20,640 --> 00:00:26,239
Speaker 1: how transformational and consequential everything that every department is now

8
00:00:26,280 --> 00:00:29,760
Speaker 1: doing to get this country back to constitutional order. It's

9
00:00:29,800 --> 00:00:33,760
Speaker 1: actually pretty inspiring, and it's pretty amazing what every single

10
00:00:34,320 --> 00:00:38,800
Speaker 1: person is up to right now. And it's amazing.

11
00:00:38,840 --> 00:00:39,040
Speaker 2: Now.

12
00:00:39,159 --> 00:00:43,720
Speaker 1: The big issue before everybody is, after fifty sixty years

13
00:00:43,720 --> 00:00:49,040
Speaker 1: of getting ripped off, abused, taken advantage of, and American

14
00:00:49,080 --> 00:00:55,120
Speaker 1: presidents and American Congresses allowing this to happen, hurting American manufacturers,

15
00:00:55,200 --> 00:00:57,520
Speaker 1: hurting the working men and women in this country, the

16
00:00:57,560 --> 00:01:01,520
Speaker 1: people that really do make this country great. It is

17
00:01:02,120 --> 00:01:05,760
Speaker 1: making us dependent on items we should never ever be

18
00:01:05,880 --> 00:01:12,320
Speaker 1: dependent on, for example, semiconductor chips or pharmaceuticals. We learned

19
00:01:12,319 --> 00:01:15,959
Speaker 1: that during COVID, what God forbid this COVID two point zero,

20
00:01:16,040 --> 00:01:18,560
Speaker 1: you know, the nine to eleven Commissioner report concluded oh,

21
00:01:18,560 --> 00:01:20,400
Speaker 1: they were war with us, but we were not at

22
00:01:20,400 --> 00:01:23,720
Speaker 1: war with them. Well, all these nations around the world

23
00:01:23,880 --> 00:01:27,600
Speaker 1: economically have been at war with the United States, taking

24
00:01:27,640 --> 00:01:30,759
Speaker 1: advantage of us, ripping us off, abusing us, and we've

25
00:01:30,800 --> 00:01:33,559
Speaker 1: been taking it. And now we've got a president saying

26
00:01:33,640 --> 00:01:37,760
Speaker 1: enough is enough, and he's given countries a choice, and

27
00:01:37,800 --> 00:01:42,360
Speaker 1: that is free and fair trade or reciprocal tariffs.

28
00:01:42,360 --> 00:01:43,960
Speaker 3: And the choice is pretty much theirs.

29
00:01:44,200 --> 00:01:44,360
Speaker 2: Now.

30
00:01:44,400 --> 00:01:48,880
Speaker 1: The European Union charges ten percent, for example, on American

31
00:01:49,320 --> 00:01:53,000
Speaker 1: automobiles that are sold in Europe. Then they have a

32
00:01:53,040 --> 00:01:56,040
Speaker 1: twenty percent VAT tax, which is a value added tax

33
00:01:56,160 --> 00:01:59,760
Speaker 1: national sales tax. That's thirty percent increase on the sticker

34
00:01:59,800 --> 00:02:03,160
Speaker 1: price of an American car. Is at any wonder? For example,

35
00:02:03,240 --> 00:02:06,520
Speaker 1: Germany sells nearly ten cars in America to every one

36
00:02:06,560 --> 00:02:10,080
Speaker 1: American made car sold in Germany. It becomes cost prohibitive,

37
00:02:10,760 --> 00:02:13,040
Speaker 1: and we're supposed to just sit back and take that.

38
00:02:13,520 --> 00:02:16,680
Speaker 1: And then they go into energy deals with Vladimir Putin

39
00:02:17,120 --> 00:02:20,520
Speaker 1: and none of these countries end up paying their fair share.

40
00:02:20,600 --> 00:02:22,800
Speaker 1: We pay the bulk of the freight for NATO to

41
00:02:22,880 --> 00:02:24,160
Speaker 1: protect them from Russia.

42
00:02:24,720 --> 00:02:25,600
Speaker 3: How stupid is this?

43
00:02:25,680 --> 00:02:28,840
Speaker 1: That's why Chancellor Merkle got the white flag of surrender

44
00:02:28,919 --> 00:02:31,520
Speaker 1: back in Trump's first term. Anyway, we welcome up back

45
00:02:31,560 --> 00:02:34,799
Speaker 1: to the program our friend Peter Navarro, an American economists author

46
00:02:34,840 --> 00:02:38,239
Speaker 1: who is currently Senior Counsel for Trade and Manufacturing for

47
00:02:38,440 --> 00:02:41,640
Speaker 1: the US. Peter, great to have you back. How are you, sir.

48
00:02:42,600 --> 00:02:45,359
Speaker 2: I'm doing fine, Sean, and America is doing fine. That

49
00:02:45,480 --> 00:02:50,920
Speaker 2: was a very very good and historical day for America yesterday.

50
00:02:50,960 --> 00:02:53,960
Speaker 2: I think it's probably the greatest day in American trade history.

51
00:02:54,639 --> 00:02:59,639
Speaker 2: We've got now a global tariff of ten percent around

52
00:02:59,680 --> 00:03:04,760
Speaker 2: the world, and we've got over eighty countries now coming

53
00:03:04,840 --> 00:03:09,360
Speaker 2: in with the acknowledgement that they've been cheating US willing

54
00:03:09,760 --> 00:03:16,639
Speaker 2: to deal which will basically help bring home our manufacturing

55
00:03:16,760 --> 00:03:21,559
Speaker 2: and equally important, reduce our massive, massive, massive trade deficits

56
00:03:22,480 --> 00:03:27,880
Speaker 2: with them. And this was a beautiful masterl negotiation art

57
00:03:27,880 --> 00:03:31,560
Speaker 2: of the reciprocal trade deal that we watched. And Sean, Yes,

58
00:03:31,720 --> 00:03:34,520
Speaker 2: there were so many people in the media and on

59
00:03:34,680 --> 00:03:39,240
Speaker 2: Wall Street and up on Capitol Hill nervous Nelly's who

60
00:03:39,400 --> 00:03:42,840
Speaker 2: just did not trust in Trump. And Donald Trump showed

61
00:03:43,480 --> 00:03:45,600
Speaker 2: once again, and I don't know how many times he

62
00:03:45,680 --> 00:03:48,320
Speaker 2: has to keep proving this that he is the master

63
00:03:48,920 --> 00:03:52,320
Speaker 2: of the negotiation and you just have to get behind him,

64
00:03:52,400 --> 00:03:56,640
Speaker 2: stay behind him, and let him do his thing for us.

65
00:03:56,880 --> 00:04:01,880
Speaker 1: Now, there is some ambiguity in people's minds because there

66
00:04:01,920 --> 00:04:04,640
Speaker 1: are other issues that we have with other countries. It's

67
00:04:04,720 --> 00:04:08,960
Speaker 1: not just free or fair trade or reciprocal tariffs. That

68
00:04:09,440 --> 00:04:12,120
Speaker 1: is probably the bulk of the issue for most of

69
00:04:12,160 --> 00:04:14,040
Speaker 1: the countries that we're going to be dealing with and

70
00:04:15,040 --> 00:04:17,960
Speaker 1: whatever trade deals are ultimately going to be made, and

71
00:04:18,000 --> 00:04:21,239
Speaker 1: if some of these countries decide that they want reciprocal tariffs,

72
00:04:21,240 --> 00:04:24,479
Speaker 1: they're going to do it to their own detriment. My

73
00:04:24,680 --> 00:04:27,960
Speaker 1: argument is the strength of Donald Trump, and you have

74
00:04:28,000 --> 00:04:30,119
Speaker 1: to have a backbone of steel to do what he's doing,

75
00:04:30,680 --> 00:04:34,200
Speaker 1: is that he understands that all these countries they desperately

76
00:04:34,320 --> 00:04:37,480
Speaker 1: need access to American markets, and that would include China.

77
00:04:37,680 --> 00:04:40,760
Speaker 1: But then you have, you know, a kind of the

78
00:04:41,120 --> 00:04:44,719
Speaker 1: It gets the waters get a little muddied, if you will,

79
00:04:45,240 --> 00:04:48,919
Speaker 1: if you get away from free and fair and reciprocal tariffs,

80
00:04:49,360 --> 00:04:53,240
Speaker 1: and then you start negotiating about currency manipulation or trade

81
00:04:53,279 --> 00:04:55,600
Speaker 1: deficits with the country. And by the way, it may

82
00:04:55,600 --> 00:04:58,480
Speaker 1: not necessarily be well, we'll have a trade surplus for

83
00:04:58,600 --> 00:05:00,800
Speaker 1: country A, we'll have a trade deficit that what country be.

84
00:05:00,880 --> 00:05:03,880
Speaker 1: It all depends on what we're importing, what we're exporting.

85
00:05:04,200 --> 00:05:07,520
Speaker 1: I think overall, when the President's energy dominance program gets up,

86
00:05:07,839 --> 00:05:10,039
Speaker 1: Europe is going to want our energy. It's going to

87
00:05:10,040 --> 00:05:13,680
Speaker 1: be in their national security interest to get energy from America,

88
00:05:13,839 --> 00:05:16,520
Speaker 1: not from Russia. That would add I believe that would

89
00:05:16,560 --> 00:05:18,279
Speaker 1: create a trade surplus, don't you think.

90
00:05:19,240 --> 00:05:22,400
Speaker 2: Let me clear the waters on this for people to understand.

91
00:05:22,600 --> 00:05:27,200
Speaker 2: So the whole motion of reciprocity is that we will

92
00:05:27,279 --> 00:05:31,160
Speaker 2: charge them whatever they are going to charge us. And

93
00:05:31,960 --> 00:05:36,520
Speaker 2: the higher tariffs that the world charges us uniformally around

94
00:05:36,520 --> 00:05:40,080
Speaker 2: the world Sean are only a very small part of

95
00:05:40,160 --> 00:05:44,400
Speaker 2: the way they cheat us. It's the non cheating. It's

96
00:05:44,440 --> 00:05:48,040
Speaker 2: the non tariff cheating that really sticks it to us.

97
00:05:48,480 --> 00:05:51,440
Speaker 2: And it's the currency manipulation. Let me count the ways.

98
00:05:51,800 --> 00:05:54,600
Speaker 2: I can probably get up to ten. But it's currency manipulation.

99
00:05:55,560 --> 00:05:59,560
Speaker 2: It's the vat taxes, it's a dumping, the exports subsidy,

100
00:05:59,760 --> 00:06:02,800
Speaker 2: the technical barriers to trade that keep our autos out,

101
00:06:02,839 --> 00:06:06,560
Speaker 2: and say in Japan, the agricultural barriers to trade which

102
00:06:06,600 --> 00:06:10,880
Speaker 2: prevent our pork and our beef and our chicken from

103
00:06:10,880 --> 00:06:15,719
Speaker 2: going in. It's the lawfare they're waging against their digital companies.

104
00:06:15,760 --> 00:06:19,800
Speaker 2: It's the trans shipping, it's the sweatshop labor, it's the

105
00:06:19,839 --> 00:06:23,200
Speaker 2: pollution havens. I think I'm pretty damn close to ten.

106
00:06:23,920 --> 00:06:28,240
Speaker 1: Well, intellectual property theft. There's just costing America and companies,

107
00:06:28,440 --> 00:06:31,839
Speaker 1: you know, untold hundreds of billions of non trillions.

108
00:06:31,400 --> 00:06:35,559
Speaker 2: Of dollars trillions every year, Sean. And so the point

109
00:06:35,640 --> 00:06:38,320
Speaker 2: here is it's very clear, the waters are very clear.

110
00:06:38,320 --> 00:06:42,480
Speaker 2: It's like they have to stop doing that to us.

111
00:06:42,520 --> 00:06:46,400
Speaker 2: And we were very careful about how to value those

112
00:06:46,640 --> 00:06:51,480
Speaker 2: non teriff barriers, that non tariff cheating in a way

113
00:06:51,520 --> 00:06:56,120
Speaker 2: which will reflected, and the reciprocal teriffs we're charging them. Now,

114
00:06:56,160 --> 00:06:59,000
Speaker 2: think about where we are, think about where President Trump

115
00:06:59,040 --> 00:07:02,400
Speaker 2: is pushing, and they go shading position. We've established a

116
00:07:02,440 --> 00:07:07,599
Speaker 2: clear global broad tariff. It's going to bring in billions

117
00:07:07,600 --> 00:07:10,480
Speaker 2: of dollars a day, billions of dollars a day. Then

118
00:07:10,520 --> 00:07:12,440
Speaker 2: every dollar is going to go back to the American

119
00:07:12,480 --> 00:07:15,760
Speaker 2: people in terms of tax cuts and debt reduction. All

120
00:07:15,800 --> 00:07:21,080
Speaker 2: good there. We've established our reciprocal trade tariff over and

121
00:07:21,120 --> 00:07:24,440
Speaker 2: above that, Sean. And we are putting that on pause.

122
00:07:25,040 --> 00:07:27,600
Speaker 2: And so the only good, the only thing that's going

123
00:07:27,680 --> 00:07:31,560
Speaker 2: to happen now is we will lower that portion of

124
00:07:31,600 --> 00:07:35,080
Speaker 2: the tariff, the reciprocal portion of the tariff down, but

125
00:07:35,240 --> 00:07:39,440
Speaker 2: only if they lower their non tariff barriers. And it's

126
00:07:39,480 --> 00:07:42,400
Speaker 2: this I want to like, these people are Europe's coming

127
00:07:42,400 --> 00:07:45,560
Speaker 2: at US, Vietnam's coming as let's go to zero tariff.

128
00:07:45,640 --> 00:07:49,640
Speaker 2: That does nothing, nothing for us. It's the non tariff cheating.

129
00:07:49,720 --> 00:07:50,960
Speaker 2: I can't stress that enough.

130
00:07:51,200 --> 00:07:53,520
Speaker 1: I don't think it does nothing. I think it's a win,

131
00:07:53,880 --> 00:07:58,119
Speaker 1: but it's certainly not comprehensive enough to have an equal

132
00:07:58,200 --> 00:08:01,120
Speaker 1: playing field. I think, tell you what I think them

133
00:08:01,160 --> 00:08:05,280
Speaker 1: eliminating terrrists. But however, it gets complicated in this sense

134
00:08:05,720 --> 00:08:07,360
Speaker 1: of that tax is a terrrift.

135
00:08:07,520 --> 00:08:09,240
Speaker 3: There's no other way to put it.

136
00:08:08,960 --> 00:08:12,560
Speaker 2: It's also an export subsidy. In other words, they don't

137
00:08:12,600 --> 00:08:18,040
Speaker 2: just tarriff us sending stuff to them. When their BMW

138
00:08:18,120 --> 00:08:20,920
Speaker 2: comes to the US, the German government gives them an

139
00:08:20,960 --> 00:08:24,400
Speaker 2: exports They give them a rebate on the VAT, which

140
00:08:24,440 --> 00:08:28,120
Speaker 2: acts as an export subsidy. It's incredible. So it's double

141
00:08:28,200 --> 00:08:29,600
Speaker 2: edged tool. But anyway, go ahead.

142
00:08:29,840 --> 00:08:35,680
Speaker 1: Can you explain how currency manipulation has taken place, because

143
00:08:35,720 --> 00:08:39,360
Speaker 1: it's not a concept I think most people would would

144
00:08:39,360 --> 00:08:41,120
Speaker 1: be aware of.

145
00:08:41,640 --> 00:08:45,200
Speaker 2: Sure. The way it works is every country in the

146
00:08:45,240 --> 00:08:50,439
Speaker 2: world has some their currency has some relationship to the dollars.

147
00:08:50,480 --> 00:08:53,760
Speaker 2: So in order for China, say to buy one dollar,

148
00:08:53,840 --> 00:08:56,920
Speaker 2: they got to give seven u one. Okay. Now, what

149
00:08:57,160 --> 00:09:00,480
Speaker 2: happens is if we care of them and this is

150
00:09:00,520 --> 00:09:02,920
Speaker 2: what they do, or if they want to sell more

151
00:09:04,040 --> 00:09:09,760
Speaker 2: exports to us, what they do is they devalue their currency.

152
00:09:10,080 --> 00:09:13,600
Speaker 2: Devalue they make it so their currency is less and

153
00:09:13,640 --> 00:09:16,880
Speaker 2: the dollars stronger. What does that mean. It's like a

154
00:09:16,960 --> 00:09:21,520
Speaker 2: stronger dollar will buy more in China, a weaker yuwan

155
00:09:21,800 --> 00:09:25,280
Speaker 2: buy less than the US. So they win both ways.

156
00:09:25,600 --> 00:09:28,000
Speaker 2: And the way they do it is through central bank

157
00:09:28,120 --> 00:09:32,440
Speaker 2: interventions where they're buying or selling dollars depending on which

158
00:09:32,440 --> 00:09:35,439
Speaker 2: way they want their currency to go. And it's pernicious.

159
00:09:35,720 --> 00:09:39,120
Speaker 2: One of the big surges that we had for several

160
00:09:39,200 --> 00:09:43,280
Speaker 2: years with China when they were just taking tens of

161
00:09:43,320 --> 00:09:47,359
Speaker 2: thousands of our factories, it was almost all currency manipulation.

162
00:09:47,920 --> 00:09:50,120
Speaker 2: And then the other things they do is they dump,

163
00:09:50,200 --> 00:09:53,360
Speaker 2: which is sending us stuff below cost. Now, don't you

164
00:09:53,440 --> 00:09:57,959
Speaker 2: remember that famous time cover where they had a thing

165
00:09:58,040 --> 00:10:01,400
Speaker 2: called the China Price, and they asked question, how did

166
00:10:01,480 --> 00:10:04,679
Speaker 2: China sell stuff in America for fifty cents less than

167
00:10:04,720 --> 00:10:07,560
Speaker 2: everybody does it on the dollars? And it was all

168
00:10:07,600 --> 00:10:11,800
Speaker 2: about the cheating, the currency dump being the exports, subsidies,

169
00:10:11,960 --> 00:10:15,559
Speaker 2: the state government owned enterprises and stuff like that. So

170
00:10:15,920 --> 00:10:19,840
Speaker 2: the Treasury Department watches all this stuff carefully and it's

171
00:10:19,880 --> 00:10:23,839
Speaker 2: a very potent tool. So when the reason Sean why

172
00:10:24,480 --> 00:10:27,120
Speaker 2: we didn't see any inflation when we put the big

173
00:10:27,200 --> 00:10:31,720
Speaker 2: tariffs on China is a lot of the burden was

174
00:10:31,720 --> 00:10:35,080
Speaker 2: born by the exporters themselves. You know, they had to sell,

175
00:10:35,160 --> 00:10:39,720
Speaker 2: so they lowered their price, but they also evalued their currency.

176
00:10:39,760 --> 00:10:42,800
Speaker 2: That's the currency manipulation. So it's all a central bank

177
00:10:42,880 --> 00:10:44,440
Speaker 2: thing and it's a weapon.

178
00:10:44,920 --> 00:10:48,599
Speaker 1: How soon with the seventy five countries that created the

179
00:10:48,720 --> 00:10:53,720
Speaker 1: ninety day pause, how soon do you expect deals to

180
00:10:53,800 --> 00:10:58,880
Speaker 1: be announced? And what countries do you expect will move expeditiously?

181
00:10:58,880 --> 00:11:00,880
Speaker 1: Because I would probably make the argument I think I

182
00:11:00,960 --> 00:11:03,240
Speaker 1: know Trump pretty well. I've known him for thirty years

183
00:11:03,840 --> 00:11:06,160
Speaker 1: and I've supported him ever since he got into the

184
00:11:06,160 --> 00:11:10,120
Speaker 1: political arena. As you know, I'm pretty sure, if you

185
00:11:10,200 --> 00:11:12,920
Speaker 1: get one of the first twenty deals, you're probably going

186
00:11:12,960 --> 00:11:13,840
Speaker 1: to get a better deal.

187
00:11:14,080 --> 00:11:18,559
Speaker 3: And then if he got the last ten, well, I'm

188
00:11:18,600 --> 00:11:18,920
Speaker 3: not sure.

189
00:11:18,960 --> 00:11:21,000
Speaker 1: But do you know what it's like to negotiate an

190
00:11:21,000 --> 00:11:23,559
Speaker 1: interview with him? I'll ask him, I'll say I need

191
00:11:23,600 --> 00:11:25,280
Speaker 1: it now, if I need an hour.

192
00:11:25,559 --> 00:11:28,720
Speaker 2: Know a little bit about negotiating with the boss, and

193
00:11:28,760 --> 00:11:32,480
Speaker 2: it's when Unfortunately I've been more of an observer than

194
00:11:32,520 --> 00:11:35,040
Speaker 2: having to negotiate within my shelf.

195
00:11:35,679 --> 00:11:39,480
Speaker 1: But I shouldn't say I mean, he is hardcore. If

196
00:11:39,480 --> 00:11:41,679
Speaker 1: I say I want an hour for the TV show,

197
00:11:42,280 --> 00:11:44,959
Speaker 1: you know, he said, I'll give you twenty minutes.

198
00:11:45,000 --> 00:11:47,120
Speaker 3: That's where he starts.

199
00:11:46,559 --> 00:11:50,240
Speaker 1: And by the way, he has every intention of giving

200
00:11:50,320 --> 00:11:52,160
Speaker 1: me the time for the full hour, and then he

201
00:11:52,240 --> 00:11:54,800
Speaker 1: usually will go way over time, and then I'll have

202
00:11:54,920 --> 00:11:57,640
Speaker 1: more material for the next night, and that's on him.

203
00:11:57,840 --> 00:11:59,960
Speaker 3: So I'll usually settle it like thirty five.

204
00:12:00,040 --> 00:12:01,719
Speaker 1: I've been knowing that he's going to stay in the

205
00:12:01,800 --> 00:12:03,720
Speaker 1: chair for the forty four minutes that I need to

206
00:12:03,880 --> 00:12:06,120
Speaker 1: get for the full hour, and then he will go

207
00:12:06,160 --> 00:12:09,040
Speaker 1: over time because he once he's in the chairy like,

208
00:12:09,400 --> 00:12:11,880
Speaker 1: we just keep talking like friends, you know, so it

209
00:12:12,000 --> 00:12:12,959
Speaker 1: just keep going.

210
00:12:12,880 --> 00:12:15,320
Speaker 2: Understood, well, he's going to take he's going to be

211
00:12:15,360 --> 00:12:17,920
Speaker 2: the lead negotiator in but we've got a great team.

212
00:12:18,440 --> 00:12:21,719
Speaker 2: Jamison Greer, the USTR NO chapter in versus all of

213
00:12:21,800 --> 00:12:26,440
Speaker 2: these non tariff cheating that goes on. Howard Ludnik in

214
00:12:26,559 --> 00:12:30,480
Speaker 2: his own right is a fantastic negotiator. Scott Bethen knows

215
00:12:30,520 --> 00:12:33,800
Speaker 2: a lot about the currency manipulation and the financial ways

216
00:12:33,800 --> 00:12:36,800
Speaker 2: that they screw us. And then you got Kevin Hafft doing

217
00:12:36,880 --> 00:12:43,120
Speaker 2: wonderful background analysis and making sure the flow of world

218
00:12:43,200 --> 00:12:46,400
Speaker 2: leaders comes in properly. And then the Vice President has

219
00:12:46,440 --> 00:12:49,520
Speaker 2: been just beautiful on all of this. He's he's very involved,

220
00:12:50,080 --> 00:12:54,000
Speaker 2: very engaged, and very very knowledgeable. It's very very different

221
00:12:54,000 --> 00:12:57,520
Speaker 2: from Mike Pence. I mean, j JD knows his stuff

222
00:12:58,320 --> 00:13:01,880
Speaker 2: and he lived it. He grew up getting hammered by

223
00:13:02,360 --> 00:13:05,800
Speaker 2: the unfair trade, particularly of China. So you know, you'll

224
00:13:05,840 --> 00:13:09,599
Speaker 2: see you'll see deals, and they'll be great deals for

225
00:13:09,720 --> 00:13:12,520
Speaker 2: America and they'll start flowing. I mean, but we got

226
00:13:12,640 --> 00:13:16,000
Speaker 2: ninety days and we're up to almost ninety countries and

227
00:13:16,559 --> 00:13:18,319
Speaker 2: this can be done and they're going to be come.

228
00:13:18,520 --> 00:13:21,320
Speaker 1: Let me ask you this exit question. Do you agree

229
00:13:21,320 --> 00:13:24,040
Speaker 1: with me? I think China will come to the table.

230
00:13:24,240 --> 00:13:27,080
Speaker 1: I think a deal eventually will be struck with China

231
00:13:27,120 --> 00:13:29,360
Speaker 1: because they have to have access to our markets.

232
00:13:29,880 --> 00:13:33,400
Speaker 2: It's very much in China's interest. And yeah, I've been

233
00:13:33,440 --> 00:13:37,800
Speaker 2: saying John for almost twenty years now that this could

234
00:13:37,840 --> 00:13:40,320
Speaker 2: be a great thing both for China and the US,

235
00:13:40,400 --> 00:13:45,600
Speaker 2: because what China should have been doing is gradually moving

236
00:13:45,679 --> 00:13:50,680
Speaker 2: towards a more domestic consumption economy. They're heavily export dependent,

237
00:13:51,400 --> 00:13:54,120
Speaker 2: and that means they're heavily export dependent not just on

238
00:13:54,160 --> 00:13:58,000
Speaker 2: the United States, but on Europe and other parts of

239
00:13:58,080 --> 00:14:01,120
Speaker 2: the prosperous world. And China is really not going to

240
00:14:01,200 --> 00:14:05,040
Speaker 2: be the world power and the respect the nation it

241
00:14:05,120 --> 00:14:09,240
Speaker 2: wants to be until that that it has a strong

242
00:14:09,360 --> 00:14:12,320
Speaker 2: domestic market and the people with China would be better

243
00:14:12,360 --> 00:14:14,920
Speaker 2: for it. So yeah, I mean, the President keeps saying

244
00:14:15,960 --> 00:14:19,160
Speaker 2: that that China would love to make a deal, and

245
00:14:19,200 --> 00:14:21,120
Speaker 2: he'd loved to make a deal with them. So let's

246
00:14:21,120 --> 00:14:23,400
Speaker 2: see what happens, is the boss says. But in the meantime,

247
00:14:23,920 --> 00:14:26,720
Speaker 2: I think the people of America should be really heartened

248
00:14:27,160 --> 00:14:30,400
Speaker 2: by what happened yesterday. It's amazing and it'd all played it.

249
00:14:30,480 --> 00:14:31,400
Speaker 3: I think it's that too.

250
00:14:31,440 --> 00:14:33,520
Speaker 1: But I think America should be happy that, you know,

251
00:14:33,560 --> 00:14:36,560
Speaker 1: all these countries, you know, realize that they've been ripping

252
00:14:36,600 --> 00:14:39,720
Speaker 1: us off. That's why they so quickly moved towards can

253
00:14:39,760 --> 00:14:42,680
Speaker 1: we do a deal? And I hope these deals get

254
00:14:42,720 --> 00:14:45,720
Speaker 1: done quickly. I'm just looking at the clock up because

255
00:14:45,720 --> 00:14:47,480
Speaker 1: of the constraints of time, I have to let you go.

256
00:14:47,520 --> 00:14:47,760
Speaker 3: Peter.

257
00:14:47,840 --> 00:14:50,080
Speaker 1: We do appreciate you, as you know, Thanks so much,

258
00:14:50,120 --> 00:14:51,240
Speaker 1: as always with being with us.

259
00:14:51,320 --> 00:14:53,440
Speaker 2: It was good to talk to Sean Fight a good friend.

260
00:14:53,560 --> 00:14:53,960
Speaker 3: Thanks brother.

261
00:14:54,120 --> 00:15:00,560
Speaker 1: Eight hundred nine four one, Shawn a number here to

262
00:15:00,880 --> 00:15:05,280
Speaker 1: weigh in on. You know where we are in terms

263
00:15:05,320 --> 00:15:09,080
Speaker 1: of President Trump his ninety days suspension of these tariffs.

264
00:15:09,160 --> 00:15:11,800
Speaker 1: He's only staying with the ten percent tariff. We have

265
00:15:11,880 --> 00:15:15,800
Speaker 1: been ripped off by country after country after country, including

266
00:15:15,840 --> 00:15:19,960
Speaker 1: allied countries, for the longest period of time. Why Americans

267
00:15:20,000 --> 00:15:23,200
Speaker 1: don't understand this fact. And it has hurt our economy.

268
00:15:23,720 --> 00:15:26,560
Speaker 1: It has hurt our manufacturing, it has hurt our automakers,

269
00:15:26,680 --> 00:15:28,920
Speaker 1: it has hurt our farmers, it has hurt our ranchers,

270
00:15:29,080 --> 00:15:30,600
Speaker 1: it has hurt our economy overall.

271
00:15:30,720 --> 00:15:31,560
Speaker 3: And this has gone on.

272
00:15:31,960 --> 00:15:37,000
Speaker 1: It's you know, the establishment institutionalist mindset is all no, no, no,

273
00:15:37,280 --> 00:15:39,000
Speaker 1: they're going to get mad at us and everything, and

274
00:15:39,040 --> 00:15:41,920
Speaker 1: we're going to have a trade war and the skiddish

275
00:15:41,960 --> 00:15:45,520
Speaker 1: you know, people on Wall Street freak out at any change.

276
00:15:45,600 --> 00:15:46,920
Speaker 3: They like the status quo.

277
00:15:47,080 --> 00:15:49,080
Speaker 1: Although don't kid yourself, a lot of people on Wall

278
00:15:49,080 --> 00:15:51,440
Speaker 1: Street make money when the market goes up, and they

279
00:15:51,440 --> 00:15:53,440
Speaker 1: make money when the market goes down. You know what

280
00:15:53,480 --> 00:15:56,680
Speaker 1: most people don't know is about fifty percent, over fifty

281
00:15:56,680 --> 00:15:58,880
Speaker 1: percent of Americans, they're not even in the stock market.

282
00:15:59,000 --> 00:16:00,720
Speaker 1: And the people that are going to benefit are the

283
00:16:00,760 --> 00:16:03,880
Speaker 1: people that will with all of the seven trillion dollars

284
00:16:03,880 --> 00:16:07,240
Speaker 1: in committed investments from countries and companies, which I've been

285
00:16:07,280 --> 00:16:10,280
Speaker 1: scrolling all over TV every night to educate people or

286
00:16:10,320 --> 00:16:14,360
Speaker 1: try to that is going to be massive, a massive

287
00:16:14,640 --> 00:16:18,320
Speaker 1: input of high paying career jobs for Americans, and with

288
00:16:19,040 --> 00:16:23,240
Speaker 1: manufacturing about to explode, that's going to be huge for

289
00:16:23,320 --> 00:16:26,000
Speaker 1: the American economy. You couple that with the President's plan

290
00:16:26,080 --> 00:16:29,600
Speaker 1: on energy and energy dominance, and you couple that with

291
00:16:29,760 --> 00:16:32,560
Speaker 1: the one hundred and fifty billion that Elon announced. And

292
00:16:32,640 --> 00:16:35,280
Speaker 1: we'll play this this cabinet meeting in the final hour

293
00:16:35,320 --> 00:16:38,000
Speaker 1: today because it was so worthwhile one hundred and fifty

294
00:16:38,040 --> 00:16:41,760
Speaker 1: billion dollars in saving a doge you've got yourself. You're

295
00:16:41,840 --> 00:16:46,040
Speaker 1: lining America up for the longest period of peacetime economic

296
00:16:46,120 --> 00:16:48,960
Speaker 1: growth in our lifetime. And it's just a matter of

297
00:16:48,960 --> 00:16:50,960
Speaker 1: people having a little bit of patience and a little

298
00:16:51,000 --> 00:16:55,400
Speaker 1: bit of understanding about the varying components and that it

299
00:16:55,480 --> 00:16:57,480
Speaker 1: takes time to do these things. It's going to take

300
00:16:57,480 --> 00:17:01,920
Speaker 1: time to get these factories online, these manufacts, exturing centers online. However,

301
00:17:02,160 --> 00:17:05,040
Speaker 1: the money's committed, it's over seven trillion. It's going to

302
00:17:05,119 --> 00:17:07,280
Speaker 1: take time to get that energy out of the ground,

303
00:17:07,320 --> 00:17:09,960
Speaker 1: but they'll get it out quickly. They've been incentivized to

304
00:17:10,000 --> 00:17:12,720
Speaker 1: do it. Presidents even proposing and has put out there

305
00:17:12,800 --> 00:17:16,240
Speaker 1: the idea that any new manufacturing center could be one

306
00:17:16,320 --> 00:17:20,400
Speaker 1: hundred percent tax deductible. Add that to reconciliation, which is

307
00:17:20,560 --> 00:17:23,280
Speaker 1: now well on a path towards success. Thankfully it passed

308
00:17:23,320 --> 00:17:29,520
Speaker 1: in the House today. We have major, major economic opportunities

309
00:17:29,560 --> 00:17:34,879
Speaker 1: that will transform America's economy, and it also has national

310
00:17:34,920 --> 00:17:38,520
Speaker 1: security implications. If we start producing our chips and semiconductor

311
00:17:38,640 --> 00:17:41,600
Speaker 1: stuff right here in America, guess what, We're not dependent

312
00:17:41,680 --> 00:17:44,760
Speaker 1: on other countries if we need pharmaceuticals in this country,

313
00:17:44,800 --> 00:17:47,560
Speaker 1: why don't we produce our own rather than rely on

314
00:17:47,600 --> 00:17:50,480
Speaker 1: other countries? God forbid, there's COVID two point zero. Anyway,

315
00:17:50,560 --> 00:17:54,200
Speaker 1: Steve Moore's with US economists, author of the bestseller Trumponomics,

316
00:17:54,200 --> 00:17:58,240
Speaker 1: Inside the America first planned to revive our economy. This

317
00:17:58,359 --> 00:18:00,760
Speaker 1: is exactly what the president promised that he would do.

318
00:18:01,640 --> 00:18:06,240
Speaker 1: And when he announced these tariffs, he got the world's attention.

319
00:18:06,800 --> 00:18:10,760
Speaker 1: I know the look, there's Main Street and then there's

320
00:18:10,760 --> 00:18:13,159
Speaker 1: Wall Street. I care about the people on Main Street.

321
00:18:13,520 --> 00:18:16,560
Speaker 1: And yes, is there a temporary decline in the stock market.

322
00:18:16,600 --> 00:18:19,000
Speaker 1: We saw yesterday the biggest one day gain in history.

323
00:18:19,040 --> 00:18:21,359
Speaker 1: But putting that all aside for a second, because that's

324
00:18:21,359 --> 00:18:25,040
Speaker 1: not my biggest barometer, but long term, the play that

325
00:18:25,119 --> 00:18:30,440
Speaker 1: the president is making is basically a declaration of economic independence,

326
00:18:30,560 --> 00:18:33,440
Speaker 1: and basically one saying we're not going to be abused,

327
00:18:33,480 --> 00:18:36,880
Speaker 1: taking advantage of, or ripped off anymore. And I think

328
00:18:36,880 --> 00:18:40,560
Speaker 1: that message resonates with Main Street. But the people of

329
00:18:40,640 --> 00:18:42,800
Speaker 1: Wall Street they kind of like the system the way

330
00:18:42,840 --> 00:18:43,560
Speaker 1: it is, don't they.

331
00:18:44,000 --> 00:18:46,200
Speaker 4: Well, it's almost like we have a kickbee sign and

332
00:18:46,640 --> 00:18:52,240
Speaker 4: plaster on our back. And it's true, and so listen,

333
00:18:52,240 --> 00:18:55,600
Speaker 4: I wanted to give one piece of little advice to

334
00:18:55,640 --> 00:18:57,640
Speaker 4: people in terms of the market. The market was way

335
00:18:57,720 --> 00:19:00,679
Speaker 4: up yesterday, it's coming down a little bit today. You

336
00:19:00,720 --> 00:19:03,760
Speaker 4: know my strategies, Buy the dips. Buy these dips because

337
00:19:03,800 --> 00:19:06,560
Speaker 4: the economy is going to rush back to good health.

338
00:19:07,040 --> 00:19:09,480
Speaker 4: And when that happens, American business they're going to do well.

339
00:19:09,600 --> 00:19:11,560
Speaker 4: So you want to be invested. And I just say,

340
00:19:11,560 --> 00:19:14,040
Speaker 4: every time I see one of these sellouts, I'm buying.

341
00:19:14,320 --> 00:19:16,960
Speaker 4: I'm buying stock as I believe in the Trump agenda.

342
00:19:17,000 --> 00:19:19,720
Speaker 4: And by the way, let's not forget Sean For people

343
00:19:19,760 --> 00:19:22,119
Speaker 4: who do watch the stock market, remember how much of

344
00:19:22,119 --> 00:19:24,800
Speaker 4: the NASAC was up in Trump's first term one hundred

345
00:19:24,800 --> 00:19:29,720
Speaker 4: and forty. The dollar was up sixty percent, the S

346
00:19:29,760 --> 00:19:31,760
Speaker 4: and P five hundred almost seventy five percent.

347
00:19:31,840 --> 00:19:34,040
Speaker 1: So this guy has a But in the beginning of

348
00:19:34,080 --> 00:19:37,200
Speaker 1: his term when he announced tariffs against China, the market

349
00:19:37,240 --> 00:19:39,440
Speaker 1: took a hit at that point, and then he got

350
00:19:39,440 --> 00:19:41,479
Speaker 1: a deal with China. I predict he's going to get

351
00:19:41,560 --> 00:19:44,439
Speaker 1: a deal with China. I think China has no choice.

352
00:19:44,840 --> 00:19:47,520
Speaker 1: They're going to want access to our markets. Now China

353
00:19:47,560 --> 00:19:52,479
Speaker 1: has another problem is European countries. They have responded to

354
00:19:52,600 --> 00:19:56,000
Speaker 1: the high tariffs that China has put on their countries,

355
00:19:56,600 --> 00:20:01,440
Speaker 1: and they have responded with reciprocal tariffs themselves. It's ironic

356
00:20:01,520 --> 00:20:05,080
Speaker 1: that they don't like reciprocal tarists put on them by

357
00:20:05,080 --> 00:20:07,560
Speaker 1: America because they've been abusing us for so long, but

358
00:20:07,600 --> 00:20:08,600
Speaker 1: they did it to China.

359
00:20:08,960 --> 00:20:11,800
Speaker 4: Well, that's exactly right. And incidentally, I think it's so

360
00:20:11,920 --> 00:20:14,760
Speaker 4: interesting that the media they report every day when you know,

361
00:20:14,800 --> 00:20:17,680
Speaker 4: when the stock market is down, but a lot of

362
00:20:17,720 --> 00:20:20,359
Speaker 4: your listeners probably don't know this because it's not reported

363
00:20:20,359 --> 00:20:23,000
Speaker 4: by the media. China's stock market is way down more

364
00:20:23,040 --> 00:20:25,399
Speaker 4: than ours is. So they have way more to lose

365
00:20:25,480 --> 00:20:28,280
Speaker 4: by not coming to an agreement with Trump than we do.

366
00:20:28,520 --> 00:20:31,160
Speaker 4: I mean, if they can't trade with the United States,

367
00:20:31,560 --> 00:20:33,919
Speaker 4: China is going to go into something that looked like

368
00:20:33,960 --> 00:20:36,119
Speaker 4: the Great depression that we have in the nineteen thirties

369
00:20:36,119 --> 00:20:39,720
Speaker 4: in the United States. They cannot possibly grow their economy

370
00:20:39,760 --> 00:20:42,800
Speaker 4: if they can't sell products to our you know, twenty

371
00:20:42,880 --> 00:20:46,840
Speaker 4: trillion dollar consumer market. And so the company understands that.

372
00:20:47,160 --> 00:20:50,720
Speaker 4: I really believe having been around him now for the

373
00:20:50,760 --> 00:20:53,600
Speaker 4: last eight years, this guy is like at least two

374
00:20:54,040 --> 00:20:57,880
Speaker 4: moves on the chessboard to everybody of everybody else, and

375
00:20:58,240 --> 00:21:00,800
Speaker 4: that's why he's been so successful. I want to make

376
00:21:00,840 --> 00:21:02,800
Speaker 4: one other quick point. If by Maychewan, you did a

377
00:21:02,800 --> 00:21:05,280
Speaker 4: good summation of what's happening with the economy, you left

378
00:21:05,280 --> 00:21:09,240
Speaker 4: out something. We got a really good inflation number today. Surprise, surprise,

379
00:21:09,520 --> 00:21:11,359
Speaker 4: Trump has ended the Biden inflation.

380
00:21:11,760 --> 00:21:15,200
Speaker 3: This is two months in a row now an unexpected dip.

381
00:21:15,520 --> 00:21:16,320
Speaker 3: I mean it.

382
00:21:16,320 --> 00:21:19,400
Speaker 1: There's nothing this guy can do right in any way, shape, matter,

383
00:21:19,440 --> 00:21:23,560
Speaker 1: or form. The White House National Economic Council Director Kevin

384
00:21:23,600 --> 00:21:27,800
Speaker 1: has to announced that trade deals are moving very very quickly.

385
00:21:27,920 --> 00:21:31,480
Speaker 1: Nearly twenty countries are sending in proposals. Now there's over

386
00:21:31,560 --> 00:21:34,359
Speaker 1: seventy five countries. And this is the reason the President

387
00:21:34,400 --> 00:21:38,840
Speaker 1: put the palls in place, is because these countries reacted

388
00:21:38,840 --> 00:21:41,000
Speaker 1: the way they should have reacted. They know they've been

389
00:21:41,040 --> 00:21:43,760
Speaker 1: ripping us off all these years. And the President was

390
00:21:43,800 --> 00:21:45,720
Speaker 1: interesting in this cabinet meeting, which is only going to

391
00:21:45,720 --> 00:21:48,520
Speaker 1: place some of this in the next hour, when he said,

392
00:21:48,560 --> 00:21:52,320
Speaker 1: I don't really blame them, it's the people that were

393
00:21:52,640 --> 00:21:54,639
Speaker 1: president at the time. And this has gone on for

394
00:21:54,680 --> 00:21:58,000
Speaker 1: fifty or sixty years. They've allowed our country to be

395
00:21:58,119 --> 00:22:02,000
Speaker 1: ripped off and taken advantage of. And any American president

396
00:22:02,080 --> 00:22:04,919
Speaker 1: at any time could have and should have stopped this.

397
00:22:05,680 --> 00:22:08,119
Speaker 1: But they don't have the intestinal fortitude of a Donald

398
00:22:08,160 --> 00:22:11,320
Speaker 1: Trump to say, sorry, you don't get to rip off America.

399
00:22:11,359 --> 00:22:13,800
Speaker 1: You don't get to hurt American manufacturing, you don't get

400
00:22:13,840 --> 00:22:16,879
Speaker 1: to hurt American auto workers, you don't get to screw

401
00:22:16,960 --> 00:22:20,480
Speaker 1: us over and meanwhile make a fortune office in at

402
00:22:20,520 --> 00:22:21,160
Speaker 1: the same time.

403
00:22:21,440 --> 00:22:24,240
Speaker 4: Well, as you know, I do believe in free trade.

404
00:22:24,240 --> 00:22:27,000
Speaker 4: I understand how important it is to the world economy.

405
00:22:27,119 --> 00:22:29,560
Speaker 2: But don't you have.

406
00:22:29,560 --> 00:22:32,040
Speaker 3: A group don't you believe in free and fair trade?

407
00:22:32,160 --> 00:22:34,520
Speaker 4: Exactly? Yes, that's that's what I was saying. What Trump

408
00:22:34,600 --> 00:22:37,880
Speaker 4: is really convince me of is that you know, when

409
00:22:38,080 --> 00:22:41,000
Speaker 4: when they're terrorists are two, three, four times higher than

410
00:22:41,000 --> 00:22:44,200
Speaker 4: ours hour, that simply is not a fair playing field.

411
00:22:44,200 --> 00:22:47,119
Speaker 4: It's not a level playing field. And Trump is basically

412
00:22:47,160 --> 00:22:51,560
Speaker 4: flexing our economic muscle. He is exerting American power to

413
00:22:51,600 --> 00:22:54,240
Speaker 4: force these countries to do what they should do. Anyways,

414
00:22:54,280 --> 00:22:56,680
Speaker 4: I mean, I told you earlier this week on your

415
00:22:56,680 --> 00:23:00,400
Speaker 4: show that you know these Europeans in the Japanese said,

416
00:23:00,560 --> 00:23:03,160
Speaker 4: and all these said, the Chinese are so sank to mother, Gee,

417
00:23:03,200 --> 00:23:05,440
Speaker 4: you know Trump is starting at trade Wark. We didn't

418
00:23:05,440 --> 00:23:07,840
Speaker 4: start this. How do we start?

419
00:23:08,000 --> 00:23:10,639
Speaker 1: We've been We've been the victim of this. All right,

420
00:23:10,680 --> 00:23:13,280
Speaker 1: quick break more with Steve Moore on the other side,

421
00:23:13,280 --> 00:23:15,560
Speaker 1: toll free on numbers eight hundred and ninety four one Sean.

422
00:23:15,600 --> 00:23:17,000
Speaker 1: If you want to be a part of the program,

423
00:23:17,480 --> 00:23:21,280
Speaker 1: the next hour will take you inside the President and

424
00:23:21,359 --> 00:23:24,959
Speaker 1: his cabinet secretary from earlier Today a fascinating meeting today.

425
00:23:25,560 --> 00:23:28,919
Speaker 1: Don't forget our Tesla contest. Just go to Hannity dot com.

426
00:23:29,000 --> 00:23:31,080
Speaker 1: You have two more days to register. Next week we'll

427
00:23:31,080 --> 00:23:35,800
Speaker 1: announce a winner, and today's word of the day is winning.

428
00:23:36,720 --> 00:23:38,359
Speaker 1: I'm going to tell you so. I met the people

429
00:23:38,560 --> 00:23:42,800
Speaker 1: that run six hour Wow. They are so beyond impressive.

430
00:23:42,840 --> 00:23:47,880
Speaker 1: They're the world's leading manufacturer of firearms, optics, ammunition suppressors.

431
00:23:48,440 --> 00:23:52,520
Speaker 1: And they have sixteen facilities, nearly four thousand employees, a

432
00:23:52,600 --> 00:23:55,360
Speaker 1: third of them a former military proud to have served

433
00:23:55,400 --> 00:23:58,840
Speaker 1: and believe that they continue to serve our military, and

434
00:23:58,880 --> 00:24:03,560
Speaker 1: they do. They have hundreds and hundreds of engineers, more

435
00:24:03,560 --> 00:24:06,160
Speaker 1: than any other firearm company as a matter of fact,

436
00:24:06,200 --> 00:24:09,399
Speaker 1: probably more than all of them combined. They are in

437
00:24:09,480 --> 00:24:14,520
Speaker 1: the business of producing the next generation of weapons for Americans,

438
00:24:14,520 --> 00:24:17,760
Speaker 1: and that means for our military as well. Sweet baby James,

439
00:24:17,800 --> 00:24:20,359
Speaker 1: by the way, he just got his new MCX spear rifle.

440
00:24:21,359 --> 00:24:26,000
Speaker 1: And I have the P three sixty five three sixty five,

441
00:24:26,080 --> 00:24:29,840
Speaker 1: the most popular concealed carry pistol. They also have, and

442
00:24:29,880 --> 00:24:33,640
Speaker 1: I have the six hour P three twenty, the official

443
00:24:33,720 --> 00:24:36,639
Speaker 1: side arms of all branches of the military, so I

444
00:24:36,720 --> 00:24:40,400
Speaker 1: carry it all the time. But six Hour Firearms optics

445
00:24:40,400 --> 00:24:44,640
Speaker 1: suppressors include the industries unique and only infinite guarantee. If

446
00:24:44,680 --> 00:24:47,639
Speaker 1: something ever breaks, they'll fix it. If they can't fix it,

447
00:24:47,680 --> 00:24:49,600
Speaker 1: they'll replace it. And you don't need a receipt, you

448
00:24:49,640 --> 00:24:53,360
Speaker 1: don't need a warranty card. It's fully transferable forever. This

449
00:24:53,400 --> 00:24:57,440
Speaker 1: is a great company that is really on the cutting

450
00:24:57,600 --> 00:25:01,840
Speaker 1: edge of technology, more than any the other firearm manufacturer

451
00:25:01,840 --> 00:25:05,200
Speaker 1: in the world. Anyway, There's only one manufacturer that's innovating,

452
00:25:05,359 --> 00:25:08,919
Speaker 1: the only one you should buy. SIG sour I. Remember

453
00:25:08,960 --> 00:25:11,320
Speaker 1: the name. Go to their website, find the dealer near you.

454
00:25:11,840 --> 00:25:15,440
Speaker 1: It's s I G s a u e r all

455
00:25:15,480 --> 00:25:19,720
Speaker 1: made in America. SIG s a u e er dot com.

456
00:25:19,760 --> 00:25:26,359
Speaker 3: Today the Final Hour roundup is next.

457
00:25:26,480 --> 00:25:29,119
Speaker 4: You do not want to miss it, and stay tuned

458
00:25:29,160 --> 00:25:32,000
Speaker 4: for the final hour Free for All on the Sean

459
00:25:32,200 --> 00:25:33,080
Speaker 4: Hannity Show.

460
00:25:36,400 --> 00:25:38,240
Speaker 3: All right, we continue now with Steve Moore.

461
00:25:38,800 --> 00:25:43,800
Speaker 1: Now, the European Union suspended their quote retaliatory tariffs against

462
00:25:43,840 --> 00:25:47,280
Speaker 1: the US. We want to give negotiations a chance. I'm sorry.

463
00:25:47,760 --> 00:25:49,920
Speaker 1: You know, we only charged a two and a half

464
00:25:49,960 --> 00:25:54,560
Speaker 1: percent tariff on European countries. For example, on automobiles, they

465
00:25:54,680 --> 00:25:57,200
Speaker 1: charge a ten percent tariff. But then they got something

466
00:25:57,200 --> 00:26:00,800
Speaker 1: called the value added tax of that tax national sales tax.

467
00:26:01,400 --> 00:26:05,080
Speaker 1: So that's an increase of thirty percent on the sticker

468
00:26:05,119 --> 00:26:08,400
Speaker 1: price of any American automobile that's ever sold in Europe. Well,

469
00:26:08,400 --> 00:26:10,720
Speaker 1: that makes it cost prohibitive for most people in Europe.

470
00:26:10,720 --> 00:26:14,520
Speaker 1: That's why we sell so few automobiles America made automobiles

471
00:26:14,520 --> 00:26:18,480
Speaker 1: in Europe. Germany, for example, sells ten German cars to

472
00:26:18,600 --> 00:26:21,840
Speaker 1: like one American car sold here. Ninety four percent of

473
00:26:21,920 --> 00:26:26,920
Speaker 1: cars purchased in Japan are are Japanese made, and at

474
00:26:26,920 --> 00:26:29,439
Speaker 1: some point we've got a level of playing field.

475
00:26:29,800 --> 00:26:31,880
Speaker 3: You know, why is Japan.

476
00:26:31,920 --> 00:26:34,800
Speaker 1: A country that depends on us like European countries depend

477
00:26:34,840 --> 00:26:37,400
Speaker 1: on us with the national security? Why are they putting

478
00:26:37,400 --> 00:26:40,840
Speaker 1: a two hundred percent tariff on rice for example, Why

479
00:26:40,880 --> 00:26:46,600
Speaker 1: is Canada putting these these, you know, ridiculously high tariffs.

480
00:26:46,600 --> 00:26:49,159
Speaker 1: They start out at what five percent you sell x

481
00:26:49,200 --> 00:26:52,120
Speaker 1: amount of dairy goods, which is like done in three weeks,

482
00:26:52,320 --> 00:26:54,040
Speaker 1: and then it's a two hundred, two hundred and fifty

483
00:26:54,080 --> 00:26:58,480
Speaker 1: percent tariff. They're hurting our farmers. They're hurting our dairy farmers,

484
00:26:58,520 --> 00:27:01,639
Speaker 1: they're hurting our pole three people that are hurting everybody.

485
00:27:02,080 --> 00:27:04,960
Speaker 4: Well, there's another element to this. Everything you said is

486
00:27:05,000 --> 00:27:09,000
Speaker 4: absolutely correct, which is now what Trump is basically done

487
00:27:09,080 --> 00:27:11,760
Speaker 4: is laid down the law, which is we are going

488
00:27:11,800 --> 00:27:14,520
Speaker 4: to isolate China because they are.

489
00:27:14,440 --> 00:27:15,159
Speaker 2: The bad actor.

490
00:27:15,280 --> 00:27:18,520
Speaker 4: They are the new evil empire of the twenty first century.

491
00:27:18,560 --> 00:27:21,919
Speaker 4: I think you'd agree with me. I'm at Sean and

492
00:27:22,320 --> 00:27:24,400
Speaker 4: it's going to be interesting to see what these other

493
00:27:24,520 --> 00:27:27,679
Speaker 4: nations that are supposedly our allies do. I mean Japan

494
00:27:27,760 --> 00:27:29,800
Speaker 4: saying well, maybe we'll trade with China. Can you imagine

495
00:27:29,840 --> 00:27:33,399
Speaker 4: anything stupider than that? I mean, China is as to

496
00:27:33,480 --> 00:27:36,120
Speaker 4: the whole region and we're not coming to their rescue.

497
00:27:36,280 --> 00:27:39,320
Speaker 4: China invades them, they if they stick a knife in

498
00:27:39,359 --> 00:27:41,439
Speaker 4: our back. Same thing with the Europeans. I mean, how

499
00:27:41,520 --> 00:27:43,840
Speaker 4: much have we spent on NATO over the last forty years?

500
00:27:43,880 --> 00:27:47,359
Speaker 4: What a trillion dollars? Another thing, well, maybe we'll trade

501
00:27:47,400 --> 00:27:48,440
Speaker 4: with our enemy.

502
00:27:49,920 --> 00:27:53,000
Speaker 1: Okay, if that's their option, maybe they need to take

503
00:27:53,000 --> 00:27:56,360
Speaker 1: a look at the tariffs that China currently has on them.

504
00:27:56,840 --> 00:27:59,440
Speaker 1: So they're going to prefer to make a trade deal

505
00:27:59,480 --> 00:28:01,919
Speaker 1: with China, or China is going to try and bypass

506
00:28:02,000 --> 00:28:05,800
Speaker 1: the US. No, all of them want access to our markets.

507
00:28:06,240 --> 00:28:09,080
Speaker 1: Kinda is not going to be buying European goods the

508
00:28:09,080 --> 00:28:11,760
Speaker 1: way America will. They're not going to be buying Canadian

509
00:28:11,800 --> 00:28:14,639
Speaker 1: products the way America would. That's not really an option.

510
00:28:15,000 --> 00:28:18,320
Speaker 1: You know, it's interesting. Somebody works on my staff. It's Ethan.

511
00:28:18,560 --> 00:28:21,200
Speaker 1: He works on his radio show. He said, you remember

512
00:28:21,240 --> 00:28:24,000
Speaker 1: the nine to eleven Commission report. Quote, they were at

513
00:28:24,000 --> 00:28:26,520
Speaker 1: war with us. We weren't at war with them. For

514
00:28:26,640 --> 00:28:31,119
Speaker 1: fifty sixty years, all these countries have been waging economic

515
00:28:31,200 --> 00:28:35,240
Speaker 1: war against America and ripping us off, and now we're

516
00:28:35,240 --> 00:28:39,640
Speaker 1: fighting back for once. And the reaction is this is outrageous.

517
00:28:39,640 --> 00:28:42,000
Speaker 1: You're supposed to be our ally. Oh you want you

518
00:28:42,080 --> 00:28:44,360
Speaker 1: want this to be a one sided relationship. You get

519
00:28:44,400 --> 00:28:46,240
Speaker 1: what you want, you get to rip us off, but

520
00:28:46,320 --> 00:28:49,040
Speaker 1: we can't retaliate. And then you expect us to pay

521
00:28:49,080 --> 00:28:51,880
Speaker 1: for national defense for you, and you'll come crying to

522
00:28:52,000 --> 00:28:54,840
Speaker 1: us of God forbid you get attacked one day.

523
00:28:55,240 --> 00:28:58,200
Speaker 4: Well, China is not just an economics threat. They're a

524
00:28:58,200 --> 00:29:02,400
Speaker 4: military threat. But every time we invent something, have you

525
00:29:02,440 --> 00:29:06,080
Speaker 4: noticed this? Uh, when whether it's a new microschip or

526
00:29:06,120 --> 00:29:08,200
Speaker 4: a new computer or something, well, the first thing they

527
00:29:08,200 --> 00:29:10,120
Speaker 4: do is Chinese they take all the pictures of it,

528
00:29:10,280 --> 00:29:12,080
Speaker 4: you know, and they just go to their factories and

529
00:29:12,120 --> 00:29:16,120
Speaker 4: they make the same thing. They completely disregard our patent laws.

530
00:29:16,240 --> 00:29:19,240
Speaker 4: I mean, they played by none of the rules that

531
00:29:19,280 --> 00:29:22,760
Speaker 4: are that that lead to innovation, and and it's and

532
00:29:22,800 --> 00:29:24,760
Speaker 4: we do they do that with impunity.

533
00:29:25,160 --> 00:29:29,640
Speaker 1: Yeah, as unbelievable, it really is. How long do you

534
00:29:29,680 --> 00:29:32,400
Speaker 1: think this this goes on until it settles down?

535
00:29:32,440 --> 00:29:33,320
Speaker 3: Here's my prediction.

536
00:29:34,160 --> 00:29:36,960
Speaker 1: Pretty soon, in short order, Donald Trump's going to sign

537
00:29:37,040 --> 00:29:40,160
Speaker 1: Deal number one, then Deal number two, and then Deal

538
00:29:40,240 --> 00:29:44,000
Speaker 1: number three. And I think I think all of a sudden,

539
00:29:44,200 --> 00:29:48,520
Speaker 1: everybody's going to all these you know, uh naysayers going

540
00:29:48,560 --> 00:29:50,000
Speaker 1: to have egg all over their face.

541
00:29:50,080 --> 00:29:51,800
Speaker 3: That's how I see this playing out.

542
00:29:52,400 --> 00:29:54,680
Speaker 4: Exactly the same thing to the Wall Street Journal today

543
00:29:55,000 --> 00:29:57,160
Speaker 4: what I was called by a reporter, it's you remember

544
00:29:57,160 --> 00:29:58,680
Speaker 4: that game he used to play when you're a kid

545
00:29:58,720 --> 00:30:01,720
Speaker 4: called musical chairs. Remember that one, Sean, But the music

546
00:30:01,720 --> 00:30:04,320
Speaker 4: plays and then there's there's twelve people running on there's

547
00:30:04,320 --> 00:30:07,000
Speaker 4: eleven chairs, and then one person's out, and then you know,

548
00:30:07,120 --> 00:30:09,120
Speaker 4: you do it again and again. And that's exactly what

549
00:30:09,160 --> 00:30:12,320
Speaker 4: Trump is doing. And he's saying, these countries, you better

550
00:30:12,360 --> 00:30:14,560
Speaker 4: not be the one who's not sitting at the table,

551
00:30:14,640 --> 00:30:18,000
Speaker 4: you know, the one left standing. And he's using that

552
00:30:18,080 --> 00:30:21,680
Speaker 4: as a very shrewd negotiating tactic. And I agree with you.

553
00:30:21,720 --> 00:30:24,240
Speaker 4: I think it's going to be a stampede over the

554
00:30:24,320 --> 00:30:27,200
Speaker 4: next weeks of companies saying, you know, choose me, choose me,

555
00:30:27,520 --> 00:30:29,800
Speaker 4: just me, because you don't want to be the one

556
00:30:29,840 --> 00:30:32,760
Speaker 4: left out. And the ones that are LaGG roots, they're

557
00:30:32,800 --> 00:30:34,320
Speaker 4: not going to get the As Trump has said this,

558
00:30:34,560 --> 00:30:36,840
Speaker 4: I'm gonna give good deals in the company countries that

559
00:30:36,880 --> 00:30:39,440
Speaker 4: come to the table first. If you're sitting around hemming

560
00:30:39,480 --> 00:30:41,040
Speaker 4: and han, you're not, you're not gonna get a good

561
00:30:41,480 --> 00:30:42,520
Speaker 4: So what do you think they're gonna do.

562
00:30:43,080 --> 00:30:45,360
Speaker 1: I'll tell you a manufacturer, thank you Steve Moore, we

563
00:30:45,440 --> 00:30:47,960
Speaker 1: appreciate you. And eight hundred and nine four one Shawn

564
00:30:48,040 --> 00:30:49,080
Speaker 1: is a number you want to be a part of

565
00:30:49,120 --> 00:30:52,680
Speaker 1: the program, We'll take you inside Trump's really enlightening cabinet

566
00:30:52,720 --> 00:30:55,120
Speaker 1: meeting from earlier today when we come back