Tariff Turmoil! With Economic Expert David Bahnsen, CEO of The Bahnsen Group - #832

THE SAVAGE NATION

Michael Savage

News, Politics, News Commentary

4.4 • 11.2K Ratings

🗓️ 11 April 2025

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Trump's sweeping tariffs have set off shockwaves worldwide. Savage speaks with conservative economic expert and CEO of The Bahnsen Group David Bahnsen to bring clarity to the recent tariffs. Bahnsen explains how these dramatic tariffs are chaotic and detrimental to economic stability. He argues that while the administration's intent to bring manufacturing jobs back to the U.S. is well-meaning, it fails to consider modern manufacturing and national security in trade policies. Bahnsen demonstrates how broadly applied tariffs diminish the legitimacy of legitimate security concerns and misinterpret trade dynamics. He discusses the unique challenges in both commercial and residential real estate markets, the risks associated with a lack of business confidence, and the negative impacts of aggressive trade rhetoric on international relations. Bahnsen emphasizes the need for a long-term approach and hopes that common sense will return to the administration.

Transcript

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0:00.0	And now the world's most exciting podcast, The Savage Nation, home of borders, language, culture.
0:14.9	Here he is, Michael Savage.
0:19.4	Tariff turmoil.
0:20.9	Welcome to the Michael Savage podcast.
0:22.9	Today we speak with economic expert, a conservative economic expert, who you have to listen to.
0:31.1	David Bonson is the founder of the Bonson Group, a $7 billion national wealth management
0:37.0	firm, consistently ranked among
0:39.1	America's top financial advisors by Barron's forms and financial times. Mr. Bonson previously
0:46.6	served as managing director at Morgan Stanley and vice president at UBS. He has a lot of things to say
0:53.8	about the tariff turmoil,
0:56.4	which we should pay attention to.
0:59.3	I'm going to begin by reading his tweet
1:02.0	and see what you think about it.
1:05.5	He says,
1:07.1	you were told tariffs were coming to even the playing field
1:10.6	of deal with fairness,
1:12.3	but what was announced is the exact opposite of race hypocrisy.
1:17.3	Here is the White House's own words, quote,
1:19.3	the numbers for tariffs by country have been calculated by the Council of Economic Advisors.
1:24.9	But Mr. Bonson says the model they use is based on the concept that the trade
1:29.9	deficit that we have with any given country is the sum of all unfair trade practices, the sum of
1:35.3	all cheating, a White House official said. He then says that some countries with the lowest
	...

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