Trumpcession Is Crippling Businesses; CEO’s Are Speaking Out!
IHIP News
Jennifer Welch & Angie Sullivan
4.8 • 4.6K Ratings
🗓️ 4 May 2025
⏱️ 12 minutes
🧾️ Download transcript
Summary
Trump is trying to blame Biden for his tariff nightmare.
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Transcript
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| 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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