America First-Trump's Strategy to Level the Playing Field
The Ben Ferguson Podcast
iHeartPodcasts
4.9 • 4.7K Ratings
🗓️ 4 April 2025
⏱️ 34 minutes
🧾️ Download transcript
Summary
Market Impact
- Market Reaction: The Dow dropped by 1,679 points, nearly 4% of its total value, causing widespread concern.
- Investment Opportunities: Despite the downturn, some see this as a chance to buy undervalued stocks.
Tariff Policies
- Trump's Tariff Strategy: President Trump announced reciprocal tariffs aimed at leveling the playing field with countries that impose high tariffs on U.S. goods.
- Short-Term vs. Long-Term: The strategy is considered smart if short-term but potentially harmful if it leads to a prolonged tariff war.
Political Commentary
- Ted Cruz's Perspective: Senator Ted Cruz supports using tariff revenues for further tax cuts to benefit the middle class.
- Historical Context: Nancy Pelosi's 1996 comments on trade deficits and tariffs with China are highlighted, showing long-standing issues.
Economic Impact
- Job Creation: Trump's tariffs are credited with encouraging companies like General Motors to expand U.S. production, creating jobs.
- Trade Deficit: The U.S. has a significant trade deficit, with many factories closing and millions of manufacturing jobs lost over the decades.
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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 two, starting April 9th on the I Heart |
| 0:25.7 | Radio app, Apple Podcasts, or wherever you get your podcasts. |
| 0:31.3 | All right, so let's start with the big story, and that is obviously tariffs, and what is |
| 0:37.0 | happening in the market. |
| 0:38.5 | If you look at the close of the market, it is very clear that the close that we have |
| 0:44.9 | witnessed on Thursday is a number that is shocked everybody. |
| 0:49.8 | Dow was down 1,679 points. That's almost 4% of the total value. That was not good for anybody. |
| 1:00.3 | We can all agree on that. There's also the reality that this will allow for some great buys out there. |
| 1:06.7 | And many people are actually talking about doubling down because they know this is temporary and not going to be a long-term thing. |
| 1:14.4 | Now, we're going to hit pause on the markets for a second. |
| 1:16.9 | I'm going to come back and deal with them. |
| 1:18.4 | And let's go and actually deal with a policy. |
| 1:20.9 | Because if we just cover the markets and the sky is falling chicken little and you don't understand what's happening, |
| 1:27.2 | then you're going to fall into the liberal media and exactly what they want you to say, |
| 1:31.4 | oh, is this what a red wave is? That's one of the things trending with liberals. They're putting up |
| 1:35.9 | the picture of all the red on Wall Street, and they're like, oh, I guess this is what a red wave is, |
| 1:41.6 | right? Like, you're an idiot and an imbecile if that is how simplistic you're looking at this |
| 1:47.1 | terrified and what's going on in the world. |
... |
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