meta_pixel
Tapesearch Logo
Log in
Bulwark Takes

Trump Claims $4 Trillion Victory — It’s All Fake

Bulwark Takes

The Bulwark

Politics, News Commentary, News, Society & Culture

4.71.1K Ratings

🗓️ 26 August 2025

⏱️ 10 minutes

🧾️ Download transcript

Summary

Trump is bragging that his tariffs “saved $4 trillion” but it’s pure fake math. The CBO report he cites was twisted beyond recognition, while the reality is tariffs are taxes on us the consumers, inflation is rising, and the deficit is still exploding.

Transcript

Click on a timestamp to play from that location

0:00.0

Building a coffee business?

0:01.5

Serving the best Americano in town is up to you.

0:04.0

But winning back time and growing your business, leave that to sum up. Take orders and payments anywhere with the new sum up terminal. Turn occasional customers into regulars with a free loyalty program. And with the sumup point of sale system, you'll always know when you're running low on your best selling blends. Visit sumup.co.uk to learn more. Hey, everybody, Tim Miller from the Bullwark here with my colleague, Jonathan V. Last.

0:24.0

He's got a newsletter. your bestselling blends. Visit sumup.co.com to learn more. Hey, everybody, Tim Miller from the bulwark here with my colleague, Jonathan V. Last.

0:24.0

He's got a newsletter out today. It's the best newsletter in the business. You got to go sign up

0:27.7

for it at the bulwark.com. And it is about this big push in the MAGA world to rationalize

0:36.2

Trump's tariff regime saying that we are going to have $4 trillion in deficit

0:41.8

reduction as a result of this.

0:43.9

Yeah, exciting.

0:44.6

I have to admit, I'm happy you wrote this deep dive newsletter because this is kind of like

0:49.0

been in my field of vision, but I just, it starts to, I see CBO and $ trillion and the terror and I, it just, it starts to get, I just move on. I'm like, I can't like this, like it all just feels like a farago of bullshit and I just, and I, and I couldn't bring myself to care. But here's the gist of it if you have, um, have missed it. And then J.V. You can explain what exactly is happening here.

1:16.3

Trump posted, I guess this was what, over the weekend, that he's pleased to announce that the radical left representatives at the CBO, so he takes a hit at the CBO, have now admitted

1:22.2

how incredible my tariff strategy has been, saying that Trump's tariffs reduce the deficit

1:26.5

by $4 trillion.

1:30.1

That the die goes on and on.

1:32.3

That means we're the hottest country in the world.

1:34.8

Thank you for your attention to this matter.

1:36.4

So talk to us about that.

1:38.2

What is he talking about?

1:39.3

What is the CBO report?

1:41.0

What is the truth?

1:42.1

Yeah.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Bulwark, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Bulwark and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.