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IHIP News

Trumpcession Is Crippling Businesses; CEO’s Are Speaking Out!

IHIP News

Jennifer Welch & Angie Sullivan

Politics, News, Talk Radio, Default

51.3K Ratings

🗓️ 4 May 2025

⏱️ 12 minutes

🧾️ Download transcript

Summary

Trump is trying to blame Biden for his tariff nightmare.


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Transcript

Click on a timestamp to play from that location

0:00.0

Trump session has arrived the tariffs that are tanking the global stock market, the American

0:11.9

stock market, the US dollar, and destroying the brand of America with Donald Trump and all

0:19.7

of his authoritarian bullshit.

0:23.3

It's coming. It's starting to hit consumers. We're going to start having empty shelves.

0:27.5

But let's look at the different industries and then we see what's happening, starting with

0:32.8

airlines. U.S. airlines are saying that Trump's actions have caused such a radical drop in air travel

0:41.2

that they can't even estimate what their businesses will look like in six months time. And that's not

0:47.5

because they'll be making so much money. So Trump's session is making binomics, which was, might I remind you, the best economy in the world when Trump got started, stock market all time high.

1:01.9

Now he is destroying the U.S. economy.

1:06.7

And then we have Apple.

1:08.5

Everybody has an Apple product.

1:10.2

Apple says tariffs will add 900 million in costs just this quarter.

1:17.4

Apple chief executive officer Tim Cook, who I will remind you was sitting on the podium when Donald Trump was inaugurated, said that planned U that planned US tariffs on foreign imports will add

1:29.8

900 million in costs in the current period. That is a huge amount. He told analysts on a

1:37.1

conference call the estimate should not be used to make projections for future

1:41.3

quarters as there are certain unique factors that benefit the June

1:45.7

quarter. So just in the first hundred days of Trump's presidency, he's cost Apple and its consumers

1:54.0

$900 million. And then you have Ron Johnson, who has no conviction, who did not vote for limiting Trump's tariff ability, but gets on Fox News and says this.

2:10.7

And this is what's happening on Fox News.

2:13.6

I'll say that I'm hearing an awful lot from manufacturers in Wisconsin.

2:18.3

You know, if this thing drags on, if the tariffs remain high, their businesses will be put out of business.

2:25.3

One good piece of economic news with the recent numbers, business investment was up 9.8%.

...

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