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Bannon`s War Room

Episode 4091: Building A MAGA Economy And The Brands That Help You Fuel It

Bannon`s War Room

WarRoom.org

News:politics, News, Politics

4.516.4K Ratings

🗓️ 29 November 2024

⏱️ 55 minutes

🧾️ Download transcript

Summary

Episode 4091: Building A MAGA Economy And The Brands That Help You Fuel It 

Transcript

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0:00.0

us about this, okay? Because Donald Trump could blow up his own trade deal with Mexico and Canada.

0:06.9

Can we just talk about the kind of damage that these tariffs could do to our relationship with our

0:11.1

closest trade partners? Like Mexico, $400 billion with a B worth of goods are imported from Mexico

0:19.9

to the United States.

0:21.5

That's a lot of stuff.

0:24.3

I think it's really worth highlighting here just how we are not talking about a repeat of

0:30.8

Trump's first term tariffs.

0:33.6

In his first term, Trump definitely expanded the remit of U.S. tariffs targeting, for instance,

0:39.4

Chinese steel and other Chinese products imposing about tariffs on around $300, 350 billion

0:44.8

worth of Chinese tariffs.

0:46.5

That is peanuts compared to the disruption that Trump is promising now.

0:50.8

Maybe he'll still pull back from the brink.

0:52.8

We'll have to see what he does,

0:54.2

obviously. But he's now talking about tariffs on close to $2 trillion worth of goods just from

1:01.1

Mexico and Canada. And China is our third biggest trading partner. And that could be subject

1:06.6

to another 10% as you mentioned. So really worth getting in people's heads that this is really not a similar thing that Trump did last time.

1:15.3

It's a category different to say, I'm not going to just target these sectors that we want to bring back,

1:21.2

you know, U.S. production of, but I'm going to target everything that these countries shipped to the U.S.,

1:26.4

including, you know, as that opening

1:28.0

segment alluded to, things like avocados that we import for Mexico, but don't really have the

1:32.7

capacity to make here in terms of what domestic consumers want.

1:37.0

Okay.

...

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