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The Don Lemon Show

Jacob Ward's Warning | Trump's Tariffs Will NOT Work

The Don Lemon Show

18Hundred LLC.

Society & Culture, News

3.8659 Ratings

🗓️ 23 April 2025

⏱️ 12 minutes

🧾️ Download transcript

Summary

President Trump’s sweeping tariffs are hitting Americans where it hurts: their wallets. From groceries to electronics, prices are climbing, and are expected to rise further. But wait, there's more. The administration claims these tariffs will boost domestic manufacturing, yet building factories isn't an overnight endeavor. Adding insult to injury, there's growing concern over potential corruption. Journalist Jacob Ward joins us to dig into the case and break down the facts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey Harry.

0:00.7

Hello mate.

0:01.5

Got any tips for the football?

0:02.8

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0:04.9

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0:07.7

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0:11.6

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0:13.2

It's a good darn deal that'll make your squirrel for real.

0:16.3

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0:17.1

My name's not Neil.

0:18.1

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0:23.3

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0:29.0

Gambleware.org.

0:30.2

The tariffs we're seeing from the Trump administration are going to have a very deadly effect on America's ability to do more or less anything when it comes to

0:40.3

business and innovation, at least for a little while. Let me explain why. So as you know,

0:45.2

President Trump has imposed here, more or less across the board on some of our longest standing

0:49.6

trading partners, countries like Vietnam and India, that we were trying to replace China as our geopolitical

0:55.2

tensions with that country increased. China, of course, has been crushed right here.

0:59.5

I mean, they've been hit really hard with tariffs that amount to over 124%. And all of that,

1:05.9

just so we're clear, comes down as a tax on you and me. The companies that import those goods have to pay these

1:13.5

tariffs in order to get them off the docks, and they, of course, to make good on their losses,

1:18.1

have to pass that cost onto us. The estimate is that this is going to cost American families

...

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