4.6 • 1.4K Ratings
🗓️ 10 April 2025
⏱️ 25 minutes
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0:00.0 | Welcome to the three martini lunch. |
0:04.9 | Grab a stool next to Greg Corumbus of Radio America and Jim Garrity of National Review. |
0:10.6 | Three martini's coming up. |
0:13.0 | Hey, really glad you're with us for the Thursday edition of the three martini lunch. |
0:16.8 | Jim Garrity is away. |
0:18.1 | Here in his place is Scott Bertram. |
0:19.9 | He's the general manager of WRFH Radio Free Hillsdale, 101.7 FM on the campus of Hillsdale College. He's also host of the Radio Free Hillsdale Hour and a bunch of other excellent podcasts, including Wasn't That Special, 50 Years of Saturday Night Live. Scott, great to have you with us again. Greg, glad to be here. Thank you. Well, let's start with the big story. That's the one that we got |
0:41.8 | after we finished recording yesterday. And that's Trump's decision on the tariffs. He announced |
0:49.6 | them on April 2nd. And on April 9th, he backed down to some extent on most countries with a very |
0:56.7 | significant exception of China. So yesterday, the president sends out on social media, |
1:01.8 | based on the lack of respect that China has shown to the world markets, I am hereby raising |
1:06.5 | the tariff charged to China by the United States of America to 125% effective immediately. |
1:12.1 | At some point, hopefully in the near future, China will realize that the days of ripping |
1:15.5 | off the USA and other countries is no longer sustainable or acceptable. |
1:20.1 | Conversely, and based on the fact that more than 75 countries have called representatives of the |
1:24.8 | United States, including the Departments of Commerce, Treasury, |
1:28.1 | and the U.S. Trade Representative to negotiate a solution to the subjects being discussed relative |
1:32.2 | to trade, trade barriers, tariffs, currency manipulation, and non-monetary tariffs, |
1:37.5 | and that these countries have not, at my strong suggestion, retaliated in any way, shape, |
1:41.6 | or form against the United States, I have authorized a 90-day pause |
1:45.9 | and a substantially lowered reciprocal tariff during this period of 10% also effective immediately. |
1:52.7 | Wall Street loved that yesterday. |
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