Trump’s Trounces Critics With Tariff Triumph

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What a weekend, man. It’s been extraordinary to watch what’s going on. Fun with tariffs. First and foremost, I don’t like tariffs. Tariffs are a tax. We’ve talked about this for some time. I love free trade. Free trade is great, but free trade needs to be fair. For years, we’ve talked about these nonsensical trade agreements. Remember the TPP agreement that no one could, you couldn’t even get a copy of it.

You had to go look at it in a room and you couldn’t even bring pencils or paper in there. I’m like, what? It’s a trade agreement. It should be on one page. We’ll send you our stuff. You don’t put tariffs on it. You send us your stuff and we won’t put tariffs on it. That’s the way it’s supposed to be. But it’s not that way. Now, Donald Trump for a long, long time has been threatening the use of tariffs. People, this is a little bit of art of the deal.

You kind of have to see the forest for the trees here. It’s a bit of a negotiation. Well anyway, okay, this weekend, boom, drop the tariff bomb, 25 % Canada, 25 % Mexico, 10 % China, 10 % on Canadian oil and my God, the business press, all of the wizards of smart out there. it was pearl clutching time.

Once again, my God, doesn’t know what he’s doing. This is terrible. It’s gonna put American people out of work. It’s gonna be awful. All sorts of things. I’m laughing this morning. I’m having my morning coffee and I’m watching this stuff. And I said, but what is he over under? Over under on the first nation to actually cave? Didn’t take long.

Didn’t take long at all here is Trump. just spoke with President Claudia Scheinbaum of Mexico. It was a very friendly conversation wherein she agreed to immediately supply 10,000 Mexican soldiers on the border separating Mexico and the United States. These soldiers would be specifically designated to stop the flow of fentanyl and illegal immigrants into our country. We further agreed to immediately pause the anticipated tariffs for one month period.

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during which we will have negotiations headed by Secretary of State Marco Rubio, Treasury Secretary Scott Besson, and Secretary of Commerce Howard Lutnick, and high level representatives of Mexico. I look forward to participating in those negotiations with President Scheinbaum as we attempt to achieve a deal between our two countries. Again, this past weekend, again, you had Chuck Schumer up at a podium posing.

with an avocado and a corona. the humanity American people are not gonna be able to get their guacamole and their avocado toast and their coronas.

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I’ve I’ve ripped in to this for the longest period time. It’s again to me, it’s it’s a national shame. 100,000 people a year plus year after year after year dying of drug overdoses here in the United States. Over 100,000. Now, when I was a kid,

Young pup, Nancy Reagan with her Just Say No campaign that she was ridiculed for. They talk about the, it’s the crack cocaine epidemic and cocaine flooding the streets of America, New Jack City. The height, the height of the cocaine epidemic here in this country, around 10,000 people died a year.

over a hundred thousand a year. Now, what do you think would happen? What do you think would happen if it was Al Qaeda shipping fentanyl into the country across the border? What would we do? This is again, you’re not even talking about the the human total. You’re also talking about the cost to overall society.

and we just brush it under the rug.

for some time. you know, Trump was the first one to designate the drug cartels as terrorist organizations. Great.

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I would be cruise miss… We shoot cruise missiles at people in the middle of nowhere in Africa and the Middle East all over the world going after these bad guys. Okay? What are they doing? We’re not over there. They’re not killing Americans over there. The ones that are killing Americans are just south of the border. And we haven’t done a damn thing for crying out loud. It’s high time we do something.

Anyway, anyway, all the major business publications, again, the Wall Street Journal getting its underwear in a bunch. Canada, Canada is again, as the time of this podcast here on Monday afternoon. Canada hasn’t caved yet, but they will. They’re gonna cave again.

I wanna just go through some of the tariffs that are on.

items that we send to Canada. Milk 270%, cheese 245%, butter 298%, chicken 238%, sausage 69.9%, barley 57.8%, bovine meat 26.5%, cars 25%, HVAC 45%, vacuums 35%, cable boxes 35%, TVs 45%, steel 25%, aluminum 45%, copper 48%.

That’s those are tariffs on items that we send into Canada. Trump went on a rant last night talking about, they don’t allow American banks in to Canada. This was a funny one is that the province of Ontario cancelled their contract with Starlink. Yeah, you know, they want to do their own as well. That’s not going to go up for a few years.

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And guess who’s putting the satellites into orbit? Yeah, Musk is as well. Again, don’t, reality isn’t Canada knows this, we don’t anything from them, everything we can do here on our own. People are like, what about all the oil? We make it easier for them to ship it to us rather than have to send it to their…

the West Coast and then ship it out over to China. It’s more efficient for them. But no, we could just use our own, quite frankly. At some point in time, the playing field needs to be leveled when it comes to rules and regulations. Some of the things that Trump talked about as well, he talked about going after the UK, talked about going after the European Union.

Good.

I don’t have any problem with that. Again, I want free trade too, but it needs to be fair for crying out loud. The UK should have been all over after Brexit and striking a free trade agreement with the United States, but it should have been done. Look at any split that should have been done and it still hasn’t been done.

I don’t know what the rules of negotiation are with the European Union. I don’t know if European states can strike deals by themselves now. They’re quasi sovereign nations now. If Trump could go to Italy or Poland and strike a deal directly with those countries outside of the European Union, I don’t think the countries are even allowed to do that anymore. Think about that, how ridiculous that is. But again, it seems to me like it’s working.

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All of these publications, all these wizards are smart that were jumping up and down saying how terrible everything was and what he’s doing. Again, he just major success today within hours. I wonder if they’re gonna come out and acknowledge that tomorrow. Probably not, probably not. Watchdog on wallstreet.com.