Tariffs: Angels & Demons urging either a Massive-Free-Trade Victory or Perpetual Trade Barriers & Taxes

Verdict with Ted Cruz

Premiere Networks

Politics, Daily News, News, News Commentary

4.5 • 42.9K Ratings

🗓️ 7 April 2025

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tariffs and Trade Policies:
- President Trump's Tariff Announcement: On April 2nd, President Trump announced high tariffs on nearly every country, the highest since 1933. This caused significant market turmoil, with a $6 trillion loss in 48 hours.
- Debate within the White House: There is an ongoing debate about whether to use these tariffs as leverage to lower other countries' tariffs and then reduce U.S. tariffs or to keep them permanently.
- Impact on Manufacturing: The tariffs aim to bring back manufacturing jobs to the U.S., which have been lost over the past 50 years.
- International Reactions: Countries like Vietnam and Israel are eager to negotiate deals to reduce tariffs. Over 50 countries have reached out to the U.S. for negotiations.
Nationwide Injunctions:
- Judicial Activism: The discussion highlights the issue of nationwide injunctions issued by left-wing judges to block President Trump's policies. This has been a significant challenge for the administration.
- Senate Judiciary Committee Hearing: There was a hearing on the topic, discussing the threat to democracy and the rule of law posed by these injunctions.
Economic Strategies:
- Invest USA Fund: A proposal for an investment fund to encourage companies to build factories in the U.S. and receive tariff credits in return.
China and National Security:
- Decoupling from China: The discussion emphasizes the importance of reducing economic dependence on China for national security reasons, especially in critical supply chains.

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Transcript

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0:00.0	Something unexpected happened after Jeremy Scott confessed to killing Michelle Schofield in Bone Valley Season 1.
0:09.1	Every time I hear about my dad is, oh, he's a killer. He's just straight evil.
0:13.7	I was becoming the bridge between Jeremy Scott and the son he'd never known.
0:18.5	At the end of the day, I'm literally a son of a killer.
0:21.0	Listen to new episodes of Bone Valley Season 2, starting April 9th on the IHeart Radio app,
0:26.6	Apple Podcasts, or wherever you get your podcasts.
0:31.5	Welcome at his verdict with Senator Ted Cruz.
0:33.9	Ben Ferguson with you as always.
0:35.6	And Senator, it's nice to be back in the studio with you.
0:38.1	You've been traveling like crazy. You guys have been really busy in Washington and adding some days
0:42.7	on to the work week as well. We're finally back here together. We've got a big show.
0:47.3	So is something going on in Washington? Right. Exactly. You know, there's an old Chinese curse.
0:52.2	May you live in interesting times. We certainly live in those. Donald Trump has hit the White House with speed and fury and velocity. There's never been anything like it. They've never been a president like this in the first hundred days. Last week, obviously, the president announced on April 2nd tariffs on just about every country on earth.
1:13.5	The highest tariff level since 1933.
1:17.0	It is a big, big deal.
1:19.7	Every nation across the globe is reeling.
1:22.2	They're all trying to figure out what do we do about it.
1:25.0	The stock market, the stock market collapsed. It went into free fall.
1:29.9	$6 trillion evaporated in 48 hours. Now Monday, everyone's wondering, how's the market going to open Monday morning,
1:38.4	but there's a lot of concern that the market isn't done going down. And the question is, where do we go from here?
1:45.0	And I'll tell you, the reason President Trump is doing this is important. The reason President
1:51.6	Trump is doing this is that we've seen, of the last 50 years, a hollowing out of manufacturing
	...

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