BoA Predicts ‘Outright Boom’ Under Trump Policies

The Ben Ferguson Podcast

iHeartPodcasts

Politics, News, News Commentary

4.9 • 4.7K Ratings

🗓️ 30 July 2025

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Trump's Trade Strategy & Tariffs
- Trump discusses his willingness to meet with Chinese President Xi Jinping, emphasizing that Xi has requested the meeting.
- He defends his use of tariffs, claiming they led to factory closures in China and better trade deals for the U.S.
- He asserts that tariffs have generated massive revenue for the U.S., citing a $26 billion surplus as evidence.
International Trade Deals
- Mentions recent or upcoming trade agreements with countries like Japan, the Philippines, Thailand, and Cambodia.
- Claims that nearly 60% of global GDP is now involved in trade deals with the U.S.
Economic Boom Narrative
- Trump and the narrator argue that the U.S. economy is entering a "Golden Age" due to his policies.
- Cites a Bank of America report predicting not just a recovery but an economic boom, driven by:
  - Political will ahead of midterms
  - Domestic manufacturing incentives
  - Global stimulus efforts
  - Increased capital expenditures
  - A proprietary economic indicator signaling recovery
Media Criticism & Clarification
- Trump disputes media reports suggesting he is seeking a summit with Xi, stating he would only go to China by invitation.
- The narrator criticizes the media for misrepresenting Trump’s actions and intentions.
Midterm Elections & Political Implications
- The podcast frames the midterms as a referendum on Trump’s agenda.
- Suggests that continued support for Trump’s policies could lead to further economic gains.

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Transcript

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0:00.0	This is an IHeart podcast.
0:04.8	Did you get to see my drive in the first hole?
0:07.4	You hit it straight.
0:08.3	Pretty long.
0:09.8	Pretty long.
0:11.1	That's no Joe Biden.
0:13.1	Let me tell you.
0:15.0	That's not Biden, right?
0:17.0	That was a good drive.
0:18.9	You're listening to the 47 morning update with Ben Ferguson.
0:22.9	Good Wednesday morning.
0:23.8	Nice to have you with us on the 47 morning update.
0:26.5	We've got two major stories for you this morning coming out of the White House.
0:30.6	First up, the media finally having to tell the real story.
0:34.0	Yes, there isn't just a recovery.
0:36.6	It is a boom. Bank of America now saying the key
0:40.0	tail risk is, well, that the Trump economy will actually start to take off. We're going to break
0:47.0	that down for you in just a moment. Also, the president of the United States, shocking the world,
0:52.7	saying that Gigi Ping wants me to go to China.
0:56.1	We'll most likely be going and maybe this year.
1:00.0	This is more tariff agreements have been agreed to by the White House, yet again proving the media wrong.
1:07.9	We'll have that also.
	...

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