YUGE: Trade Deal With the E.U. | Cinci Is a No-Go Zone | 7/28/25

The A.M. Update

Aaron McIntire

Politics, News, Daily News

4.9 • 773 Ratings

🗓️ 28 July 2025

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The A.M. Update dives into major developments: President Trump and EU’s Ursula von der Leyen announced a trade deal with a 15% tariff on European imports, particularly automobiles, effective August 1, 2025, with Trump hinting at tariff rebate checks due to massive revenue and potential debt reduction. OMB Director Russ Vought claims progress toward a balanced budget, citing tariff revenues and spending cuts. FBI Deputy Director Dan Bongino’s cryptic X post about “shocking” discoveries in government corruption investigations raises questions, with no specifics provided. CIA Director John Ratcliffe alleges a criminal conspiracy in the Russiagate hoax, suggesting ongoing actions by DOJ and FBI. A harrowing evacuation at Denver International Airport due to a smoking American Airlines jet’s landing gear issue left one injured. A Michigan Walmart stabbing spree is charged as terrorism, while a Cincinnati brawl raises racial concerns. Comedian Tony Hawks’ decision to leave his wealth to charity, not his son, sparks debate about boomer inheritance trends and parental responsibility.

Transcript

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0:00.0	It's Monday, July 28th, 2025 is a tariff rebate check in our future.
0:04.9	What in the world could have led to FBI Deputy Director Dan Bongino's post over the weekend
0:09.1	and a harrowing evacuation at Denver's airports next on the AM update.
0:17.5	President Donald Trump and European Commission President Ursula von der Leyen announced a trade deal between the United States and the European Union on Sunday.
0:25.6	The announcement came moments after the two had addressed the media agreeing that the likelihood of an agreement was about 50-50.
0:31.3	Vonderlein said the negotiations had taken some heavy lifting, but the two leaders agreed they were happy with the result.
0:37.3	Trump said they're
0:38.7	agreeing on a straight tariff across the board for automobiles and everything else will be a
0:42.4	straight to cross tariff of 15%. Trump is also touting hundreds of billions of dollars of investment
0:48.1	into the United States from the EU, as well as access to the European market for American
0:53.1	automobiles.
1:04.4	Prior to leaving for that trip to Scotland, President Trump addressed the media on the topic of tariffs and said we're raking in so much money, he's considering cutting people a check.
1:05.9	We're thinking about that, actually.
1:08.2	We have so much money coming in.
1:12.3	We're thinking about a little rebate, but the big thing we want to do is pay down debt, but we're thinking about a rebate. That's a very good place. Earlier on in that meeting
1:18.2	with the head of the European Union, Trump said there's no wiggle room for the August 1st
1:23.2	implementation of tariffs on all these countries. The August 1st is there for everyone.
1:28.1	The deals all start on August 1st.
1:30.4	Most of the deals other than steel and aluminum,
1:33.2	which we've been getting 50% tariffs from, I guess, just about everybody.
1:38.8	And those have come in.
1:40.5	And we've taken in, you know, hundreds of billions of dollars just on steel and aluminum.
	...

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