Scott Besant
Appearances
Apple News Today
The U.S. and China agree to cut tariffs for 90 days. What to know.
We concluded that we have shared interest and we both have an interest in balanced trade. The U.S. will continue moving towards that.
Apple News Today
As Trump’s tariffs take hold, how much pain can Americans handle?
To rip somebody out of her life that has been her best friend for almost three years, you have no way to explain to her, oh, Alanis is being kicked out of the country and she can't come back.
Apple News Today
As Trump’s tariffs take hold, how much pain can Americans handle?
There doesn't have to be a recession. Who knows how the market is going to react in a day, in a week. What we are looking at is building the long-term economic fundamentals for prosperity that I think the previous administration had put us on the course toward financial calamity.
Apple News Today
In Biden's final days, a flurry of last-minute moves.
You know, the innies are in a way, you know, in a prison. So that's to me, you know, the question is, like, how are these people, the human aspect of, you know, who they are, how is that going to eventually change? It has to come out, this need for connection, this need for love, regardless of even the Audi and any sharing that feeling.
Apple News Today
U.S. health care is broken at every level. Can it be fixed?
There's this ongoing blame game within the healthcare industry that makes it just really confusing to understand, like, why this problem exists in the first place.
Apple News Today
U.S. health care is broken at every level. Can it be fixed?
The bottom line is, like, you can look across a bunch of different metrics, but one consistent finding across them, when you compare the United States to healthcare in other wealthy countries, what you always find is that the U.S. pays more money for healthcare, and on average, you know, taken collectively, gets worse outcomes.
Apple News Today
U.S. health care is broken at every level. Can it be fixed?
That's been the pattern of health care politics, is people get really mad about it, but then either nothing happens or somebody tries to change something and then voters punish them. We saw this like back in the 90s with the Clinton health reform effort. We even saw it with Democrats in 2008 and 2010.
Apple News Today
U.S. health care is broken at every level. Can it be fixed?
There's not just one blueprint for doing it. A bunch of different countries do it in a bunch of different ways, but they share that sort of underlying understanding or goal that we are going to cover everybody and provide some level of baseline medical coverage and services to anybody, no matter what. their ability to pay.
Apple News Today
U.S. health care is broken at every level. Can it be fixed?
But the United States kind of stands alone as the wealthy country that has not done that. Like there are all kinds of ideas about what to do to try to make healthcare better, but getting everybody to agree on what to prioritize and where to focus is really hard when you've got this finger pointing within the healthcare industry about what the problem really is.
Apple News Today
U.S. health care is broken at every level. Can it be fixed?
When people go through those experiences, it's one of the most fraught moments of their lives. Like they or somebody they love is probably experiencing a medical emergency. And on top of that, they're entering this, you know, Kafka-esque bureaucratic nightmare.
Global News Podcast
Higher US tariffs on hold but China trade war grows
China is the most imbalanced economy in the history of the modern world and they are the biggest source of US trade problems and indeed they are problems for the rest of the world and President Trump responded very courageously to that and we are going to work on a solution with our trading partners.
Morning Wire
Tariff Retaliation Threats & FBI Busts MS-13 Leader | Afternoon Update | 4.3.25
My advice to every country right now is do not retaliate. Sit back, take it in. Let's see how it goes, because if you retaliate, there will be escalation. If you don't retaliate, this is the high water mark.
PBD Podcast
Trump OWNS Reporter & RFK EXPOSES Child Trafficking | PBD Podcast | Ep. 582
Thanks to President Trump's tireless efforts to secure a lasting peace, I am glad to announce the signing of today's historic economic partnership agreement between the United States and Ukraine establishing the United States-Ukraine Reconstruction Investment Fund.
PBD Podcast
Trump OWNS Reporter & RFK EXPOSES Child Trafficking | PBD Podcast | Ep. 582
This partnership allows the United States to invest alongside Ukraine to unlock Ukraine's growth assets, mobilize American talent, capital and governance standards that will improve Ukraine's investment climate and accelerate Ukraine's economic recovery. The Development Finance Corporation will participate and help to establish this fund in collaboration with the government of Ukraine.
PBD Podcast
Trump OWNS Reporter & RFK EXPOSES Child Trafficking | PBD Podcast | Ep. 582
Today's agreement signals clearly to Russian leadership that the Trump administration is committed to a peace process centered on a free, sovereign and prosperous Ukraine over the long term. It's time for this cruel and senseless war to end. The killing must stop, and both the United States and the government of Ukraine look forward to quickly operationalizing this historic economic partnership.
PBD Podcast
Trump OWNS Reporter & RFK EXPOSES Child Trafficking | PBD Podcast | Ep. 582
Great stuff. Tom, your thoughts?
PBD Podcast
Trump OWNS Reporter & RFK EXPOSES Child Trafficking | PBD Podcast | Ep. 582
a deal done done done done but i need to wait for their prime minister and their parliament to give its approval which i expect shortly i'm not going to tell you what country let the president just you and me here and a couple million people hopefully let the president decide so and then there are country after country where we're just working through the details but you have to remember they have prime ministers they have parliament they have to work through their process but all of these are going to be coming and what they're going to be is they're going to be incredibly smart
PBD Podcast
Trump OWNS Reporter & RFK EXPOSES Child Trafficking | PBD Podcast | Ep. 582
They're investing $165 billion in 1,100 acres in Arizona, and they're building the highest tech chip manufacturing semiconductors and 4,000 employees. You know, American tradecraft, right? Technicians doing every kind of work. The classic foundation of America. He's building it. They had 14,000 people.
PBD Podcast
Trump OWNS Reporter & RFK EXPOSES Child Trafficking | PBD Podcast | Ep. 582
They're expecting 40,000 people to build the rest of their plants and to employ 20,000 people for the rest of time. This is all driven. You never saw a site like that. And this is all driven by your tariff policies. No chance this would be happening without you.
Pod Save America
D.C. Reacts to Biden's Cancer News
Walmart will be absorbing some of the tariffs. Some may get passed on to consumers. We go back to your initial question on the Moody's downgrade. Who cares? Qatar doesn't. Saudi doesn't. UAE doesn't.
The Ben Shapiro Show
Ep. 2149 - Trump-Zelenskyy Meeting GOES TOTALLY NUCLEAR
It is impossible to have an economic deal without a peace deal. The for an economic deal is that Ukrainian leadership wants a peace deal.
The Ben Shapiro Show
Ep. 2149 - Trump-Zelenskyy Meeting GOES TOTALLY NUCLEAR
Well, it was supposed to be, but President Zelensky came into the Oval on Friday, There were three things that were going to be done. There was going to be a press conference. There was going to be a private lunch with 16 of us. And as you can see from Dan Scavino's post on his ex-account, we were already set up to sign the deal. So it's unclear now.
The Ben Shapiro Show
Ep. 2149 - Trump-Zelenskyy Meeting GOES TOTALLY NUCLEAR
President Zelensky has thrown off the sequencing.
The Journal.
What's Going On With the Economy?
The market and the economy have just become hooked. We've become addicted to this government spending, and there's going to be a detox period.
The Megyn Kelly Show
Budget Battle Escalates, DHS Launches Self-Deport App, Trudeau Officially Replaced: AM Update 3/11
I'm confident if we have the right policies, it'll be a very smooth transition.
The Megyn Kelly Show
Budget Battle Escalates, DHS Launches Self-Deport App, Trudeau Officially Replaced: AM Update 3/11
We are trying to transition from public to private. I talked about we are going to have safe and sound regulation to get our banking system going again. So the banks should be generating loans to private companies employment should be from private companies, not from government. And I'm confident if we have the right policies, it'll be a very smooth transition.
The MeidasTouch Podcast
Fox News Humiliates Itself on Live TV as Trump Declines
Play this clip. The 18 key trading relationship. The president described them to the trade team as bespoke. Every deal is different and he's going to be involved. So I'll wait to hear from him.
The MeidasTouch Podcast
Fox News Humiliates Itself on Live TV as Trump Declines
Larry, it's just the momentum. It is President Trump, the amount of momentum, the transparency, the energy that he has brought back to Washington. As you said earlier, the common sense, look at the success on securing the border. Everyone said, oh, this can't be done. And some of the targets that the Biden administration had were in the tens of thousands.
The MeidasTouch Podcast
Fox News Humiliates Itself on Live TV as Trump Declines
And I think a few weeks ago, nine people came across the border, most of whom we let in for decades.
The MeidasTouch Podcast
Fox News Humiliates Itself on Live TV as Trump Declines
As I've said many times, I think from the Chinese side, these high tariffs are unsustainable. I believe that U.S. buyers did a substantial amount of pre-ordering, and now the factories in China are having to shut down. And I've seen some very large... estimates of potential worker layoffs if these tariffs stay in place.
The MeidasTouch Podcast
Fox News Humiliates Itself on Live TV as Trump Declines
So what I can tell you is the tariffs are unsustainable on the Chinese side, that we have a deficit with them. The surplus country always suffers more. And they sell us roughly five times more than we sell them. Subdeals.
The MeidasTouch Podcast
Fox News Humiliates Itself on Live TV as Trump Declines
I believe that he is referring to sub deals within the negotiations we're doing.
The MeidasTouch Podcast
GOP Leaders Crack on Live TV as Pressure Grows
This is what we're doing. We're reprivatizing it.
The MeidasTouch Podcast
GOP Leaders Crack on Live TV as Pressure Grows
Here, play the clip. Private sector will not be crowded out anymore. All the jobs created by the Biden, not all, but the 70, 80, 5% of the jobs created by the Biden administration were government jobs, government adjacent. They crowded out the private sector. The government interest rates spiked.
The MeidasTouch Podcast
GOP Leaders Crack on Live TV as Pressure Grows
I would just point out, interest rates are down five weeks in a row on the tenure since President Trump took office. And mortgage rates are down. We're going to get that down. I was sitting next to, I noticed you're going to have Governor Youngkin later. I was sitting next to him on Friday. And I said, Governor, how do you feel about these layoffs? in Northern Virginia.
The MeidasTouch Podcast
GOP Leaders Crack on Live TV as Pressure Grows
And he said, Scott, I think there's, I think he told me there's something like 350,000 private sector job openings in Virginia. State of Virginia has a portal. So there are plenty of private sector jobs and those are good paying. And we're going to reprivatize this economy like President Trump promised.
The MeidasTouch Podcast
GOP Leaders Crack on Live TV as Pressure Grows
We're just trying to reprivatize it.
The MeidasTouch Podcast
GOP Leaders Freak Out in Public as Support Crashes
A learning curve, Scott. In this meritocratic administration, a learning curve at the Pentagon? Yeah.
The MeidasTouch Podcast
Wow! Trump Screws Himself with Public Confession
Brett, I've got to say that President Trump wants to make the penny extinct, and that's part of the cost savings, cost of it. Three cents to make one cent. Even in Washington, that math doesn't work. So it's going soon. It's going soon. Okay.
The MeidasTouch Podcast
Wow! Trump Screws Himself with Public Confession
Tom, please do. Please do. Say what's on your mind. It's a holiday.
The MeidasTouch Podcast
Terrified Trump Folds in Panic Amid Economic Collapse
You started the morning saying, be cool.
The MeidasTouch Podcast
Terrified Trump Folds in Panic Amid Economic Collapse
All this was, again, this was driven by the president's strategy. He and I had a long talk on Sunday, and this was his strategy all along. And you might even say that he goaded China into a bad position, they responded. They have shown themselves to the world to be the bad actors. And we are willing to cooperate with our allies and with our trading partners who did not retaliate.
The MeidasTouch Podcast
Terrified Trump Folds in Panic Amid Economic Collapse
It wasn't a hard message. Don't retaliate. Things will turn out well.
The MeidasTouch Podcast
Fed Up Dems Smack Down Trump for Total Failure
The president talked all the time during the campaign about tariffs. He put them at the centerpiece of his policy. He talked about the glory days of the 1800s and wanting to go back to him. Did Republicans just not take him seriously?
The MeidasTouch Podcast
Fed Up Dems Smack Down Trump for Total Failure
Mr. Secretary, the campaign's over. You won. So I'm asking what the plan is. So the Treasury secretary said on another network, we're going to hold the course. It's not the kind of thing you can negotiate away in days or weeks. That makes it sound like the tariffs are staying in place at least for days or weeks. Is that correct?
The MeidasTouch Podcast
Fed Up Dems Smack Down Trump for Total Failure
Or is the president considering postponing implementation to negotiate?
The MeidasTouch Podcast
Fed Up Dems Smack Down Trump for Total Failure
We don't have zero-zero, actually, because when we saw the president stand in the Rose Garden holding up that chart that you helped make, That wasn't actually tariffs. That was actually confusing to investors because it was some kind of other formula, and the countries themselves seemed kind of random.
The MeidasTouch Podcast
Fed Up Dems Smack Down Trump for Total Failure
Like, why are the herd in McDonald Islands, which don't export to the United States and are quite literally inhabited by penguins, why do they face a 10% tariffs? Did you use AI to generate this?
The MeidasTouch Podcast
Fox News Loses Control on Live TV as Trump Gets Worse
Again, Laura, that I think a lot of American businesses have pre-positioned a lot of inventory. The trade deficit actually jumped because so many people bought in advance. And the companies that I've talked to have done that. We are going to stick to our guns. But again, the US and China have shared interests. They are the deficit country, though.
The MeidasTouch Podcast
Fox News Loses Control on Live TV as Trump Gets Worse
They sell us about four times more than we sell them. So it would be felt harder in China.
The MeidasTouch Podcast
Fox News Loses Control on Live TV as Trump Gets Worse
Well, Laura, in game theory, it's called strategic uncertainty, what you're talking about. Nobody does it better than President Trump. And it can be unsettling for the markets. But why are they unsettled? Because they have a lack of information. President Trump has asymmetric information for what he's willing to do. We don't disclose it. And again, with President Trump...
The MeidasTouch Podcast
Fox News Loses Control on Live TV as Trump Gets Worse
that the strategic uncertainty will make sure that we get the best deal possible. That's what's happening. What are they talking about?
The MeidasTouch Podcast
Fox News Loses Control on Live TV as Trump Gets Worse
Let's play this clip. The other thing, too, is this reporter behind me was quite snarky the other day when President Trump talked about the girl having two dolls. And he said, well, what... President didn't take the question, but he said, what would you tell that girl?
The MeidasTouch Podcast
Fox News Loses Control on Live TV as Trump Gets Worse
I said, I would tell that young girl that you will have a better life than your parents, that you and your family, thanks to President Trump, can now be confident again that you will have a better life than your parents, which working class Americans had abandoned that idea. Your family will own a home. You will be able to advance. You will have a good education. You will have economic freedom.
The MeidasTouch Podcast
Fox News Loses Control on Live TV as Trump Gets Worse
Sorry? Who pays tariffs?
The MeidasTouch Podcast
Fox News Loses Control on Live TV as Trump Gets Worse
Well, Congressman, if the... Congressman, if the exporters... They dislike tariffs so much. Why wouldn't they if I think what you're trying to get me to say.
The MeidasTouch Podcast
Fox News Loses Control on Live TV as Trump Gets Worse
It's a very complicated question.
The MeidasTouch Podcast
Fox News Loses Control on Live TV as Trump Gets Worse
I'm reclaiming my time, Mr. Secretary.
The MeidasTouch Podcast
Fox News Loses Control on Live TV as Trump Gets Worse
That's what we are advancing.
The MeidasTouch Podcast
Dems Unleash Brutal Cross-Exam of GOP Witnesses
But you don't recall him being there? Congressman, I did not recall that individual's name, but that individual was terminated. He was terminated.
The MeidasTouch Podcast
Dems Unleash Brutal Cross-Exam of GOP Witnesses
Well, first of all, sir, I've had meetings with more than 50 small lenders and So I want to clarify that. I would also say that in game theory, strategic uncertainty, of which you seem to like the name Crazy Ivan. Well, it's your words, correct? Didn't you use Crazy Ivan? Well, you've used it five times. Answer the question, Mr. Chairman.
The MeidasTouch Podcast
Dems Unleash Brutal Cross-Exam of GOP Witnesses
He wants to answer other questions. Well, Congressman, if the... Congressman, if the exporters... They dislike tariffs so much. Why wouldn't they if I think what you're trying to get me to say.
The MeidasTouch Podcast
Dems Unleash Brutal Cross-Exam of GOP Witnesses
I am saying the strategic uncertainty is part of negotiations. Should we say, oh, here's what we'll accept. Please take this.
The MeidasTouch Podcast
Dems Unleash Brutal Cross-Exam of GOP Witnesses
Sir, the history would show that it is a complicated mix of who pays the tariffs over various times.
The MeidasTouch Podcast
Dems Unleash Brutal Cross-Exam of GOP Witnesses
It's a very complicated question.
The MeidasTouch Podcast
Dems Unleash Brutal Cross-Exam of GOP Witnesses
I'm reclaiming my time, Mr. Secretary.
The MeidasTouch Podcast
Republicans Freak Out Over Major Election Loss
uh so do you think that was compelling i mean it's interesting tactic it's a little saul linsky-esque in the sense that you've got george soros and jd pritzker and reid hoffman and all these billionaires who've spent far more than must did in this and now pointing say wait a minute i don't think they spent on this they didn't well collectively if you look at all the money from outside that was given to her again 77 of it came from out of state only 15 came from shimmel and collectively
The MeidasTouch Podcast
Republicans Freak Out Over Major Election Loss
a number of the analysis. I'm just saying like in terms of the money from individually, if you look at the whole outside money that came from out of the state, it's clearly you don't think it was a referendum on Musk at all, though. Oh, I think it had a part. I think a lot of different issues.
The MeidasTouch Podcast
Republicans Freak Out Over Major Election Loss
Well, I can look at it from another direction. I think the Schimel campaign was really struggling both financially and just in terms of traction before Musk got involved. He may have actually, you know, given whatever boost he had late.
The MeidasTouch Podcast
Republicans Freak Out Over Major Election Loss
But it didn't solve for the issue that the Republicans have, which is these low propensity voters and trying to get them to turn out for things that are not Donald Trump. You heard Elon Musk, I think correctly, try to tie a vote in the Supreme Court race to much larger, you know, macro political issues. but it wasn't enough. And so that is an equation the Republicans have to solve for.
The MeidasTouch Podcast
Republicans Freak Out Over Major Election Loss
I don't think it's gonna be an issue in 28, but look, you got a midterm between now and then. It will be an issue in these midterms, and that's something the party strategists are gonna have to deal with.
The MeidasTouch Podcast
Republicans Freak Out Over Major Election Loss
But it shouldn't be lost on your viewers that George Soros has poured millions of dollars in, and the Democratic governor of Illinois, the state to the south of Wisconsin, has also poured millions in. Why? Because the left wants to drive forward a radical agenda.
The MeidasTouch Podcast
Republicans Freak Out Over Major Election Loss
In the state of Wisconsin, we're concerned about parental rights, school choice, voter integrity, and that is why in Wisconsin we're working so hard to get Brad Schimel on the court.
The MeidasTouch Podcast
MeidasTouch Full Podcast - 4/29/25
Brian, probably you get the best reviews of anyone in the administration outside the president. Your thoughts about the U.S.-China standoff right now?
The MeidasTouch Podcast
MeidasTouch Full Podcast - 4/29/25
Well, Brian, first of all, it's all the president, especially on the 18 important trading partners. We're doing bespoke deals, and he's going to be intimately involved.
The MeidasTouch Podcast
MeidasTouch Full Podcast - 4/29/25
in every one two weeks ago when we had the japanese delegation come in he started it in the oval and then we took them into the negotiating room so he laid the groundwork told them personally how important the relationship was but also how important a fair deal for the american people is so uh and do you see there that state regime media fox brian kilmeade goes outside of the president
The MeidasTouch Podcast
MeidasTouch Full Podcast - 4/29/25
Probably you get the best reviews of anyone in the administration outside the president. Your thoughts about the U.S.-China deal?
The MeidasTouch Podcast
MeidasTouch Full Podcast - 4/29/25
I believe that he is referring to sub-deals within the negotiations we're doing. And, Martha, if there are 180... But those aren't actual deals. Martha, if there are 180 countries, there are 18 important trading partners. Let's put China to the side because that's a special negotiation. There are 17 important trading partners. And we have a process in place over the next 90 days to...
The MeidasTouch Podcast
MeidasTouch Full Podcast - 3/18/25
Access to cheap goods is not the asset, is not the essence of the American dream. The American dream is rooted in the concept that any citizen can achieve prosperity, upward mobility and economic security.
The MeidasTouch Podcast
MeidasTouch Full Podcast - 3/18/25
Not at all, Kristen. What I'm saying is the American dream is not let them eat flat screens. If American families aren't able to afford a home, don't believe that their children will do better than they are, the American dream is not contingent on cheap baubles they have from China. that it is more than that, and we are focused on affordability, but it's mortgages, it's cars, it's real wage gains.
The MeidasTouch Podcast
MeidasTouch Full Podcast - 4/8/25
What? What is your message to Americans who want to retire right now and who've just seen their lifetime savings drop significantly?
The MeidasTouch Podcast
Desperate Fox News Flips Out on Air as Trump Cracks
No, no, no. Maria, what's going to happen on April 2nd, each country will receive a number that we believe represents their tariffs. So for some countries, it could be quite low. For some countries, it could be quite high. So There's not an automatic 25 plus 25 that's going to happen. And when the poll you just read, I think that that's a source of a lot of the consternation that's happening.
The MeidasTouch Podcast
Desperate Fox News Flips Out on Air as Trump Cracks
And what we can see here in the administration is President Trump is on what is seemingly an unstoppable role since January 20th.
The MeidasTouch Podcast
Desperate Fox News Flips Out on Air as Trump Cracks
Yeah, well, look, it was a silly question. Can you guarantee there's not going to be a recession? I can't guarantee anything. I can't guarantee that the journalist who asked me the question that her news program is going to be on in a year.
The MeidasTouch Podcast
Desperate Fox News Flips Out on Air as Trump Cracks
And they have substantial tariffs. And as important as the tariff are some of these non-tariff barriers where they have domestic content production, where they do testing on our, whether it's our food or products that bear no resemblance to safety or anything that we do to their products.
The MeidasTouch Podcast
Trump Panics on Thursday AM as He Collapses It All
And one or two items with one trading block, I'm not sure why that's a big deal for the market.
The MeidasTouch Podcast
Trump Panics on Thursday AM as He Collapses It All
What do you want to say about the Tara fight?
The MeidasTouch Podcast
Trump Panics on Thursday AM as He Collapses It All
Look, Sarah, what we're focused on is the real economy. Can we create an environment where there are long-term gains in the market and long-term gains for the American people? I think having been in the markets for 35 years, I know the market is prone to big unwinds like this. I think we've seen a lot of position unwinding, and I can't really speak to that.
The MeidasTouch Podcast
Market Manipulation Red Flags Surface on Trump Decision
All this was, again, this was driven by the president's strategy. He and I had a long talk on Sunday, and this was his strategy all along. And you might even say that he goaded China into a bad position. They responded, they have shown themselves to the world to be the bad actors. And we are willing to cooperate with our allies and with our trading partners who did not retaliate.
The MeidasTouch Podcast
Market Manipulation Red Flags Surface on Trump Decision
It wasn't a hard message. Don't retaliate. Things will turn out well.
The MeidasTouch Podcast
Trump Very Confused in Disaster Presser as More Bad News Strikes
The hollowing out of the U.S. No, just yes or no. Yes or no. Yes or no. It's a national emergency, sir.
The MeidasTouch Podcast
Trump Very Confused in Disaster Presser as More Bad News Strikes
Persistent and prolonged. Yes, sir.
The MeidasTouch Podcast
Whoa!! GOP Hearing Goes Off the Rails… Dems Respond
I yield two and a half minutes to the chair lady.
The MeidasTouch Podcast
Whoa!! GOP Hearing Goes Off the Rails… Dems Respond
Sir, we do not receive a penny in federal funding.
The MeidasTouch Podcast
Whoa!! GOP Hearing Goes Off the Rails… Dems Respond
That was around the time that I was receiving death threats and anti-Semitic messages.
The MeidasTouch Podcast
Whoa!! GOP Hearing Goes Off the Rails… Dems Respond
I can't recall, sir, specifically when I went private.
The MeidasTouch Podcast
Furious World Leaders Destroy Trump on Trade War
So we've got a ceiling and then we can see if there's a different floor.
The MeidasTouch Podcast
Furious World Leaders Destroy Trump on Trade War
Before talking about the effects and that are bad, let me just say that I think that was the dumbest, most economically illiterate speech I have heard in my life. And I've heard a lot of bad ones. It was filled with lies and distortions, and I need to back that up. For example, the idea that the European Union has a 39% tariff rate on the United States.
The MeidasTouch Podcast
Furious World Leaders Destroy Trump on Trade War
the weighted average of EU tariffs on the US is 1%. Japan, which supposedly, according to Trump, had a 46% tariff rate, the weighted average of tariffs on US products is 3.2%.
The MeidasTouch Podcast
Furious World Leaders Destroy Trump on Trade War
Marcus Peterson, who was excellent, highlighted the fact that other countries which actually have high tariff rates, like Turkey, all of a sudden get favored treatment from Trump, at least relatively favored, by paying only 10%. What you had was someone who is the president of the United States speaking almost absolute nonsense.
The MeidasTouch Podcast
Furious World Leaders Destroy Trump on Trade War
And the biggest nonsense of all was the idea that tariffs can replace income taxes and that they will lead to economic growth. They won't. Now, how bad is this? You have varying rates across the board. You have 20% on the EU. You have 34% on China, even higher on some countries. lowest rates are still only going to be, you know, are still at least 10%.
The MeidasTouch Podcast
Furious World Leaders Destroy Trump on Trade War
The Aston Business School modeled this, and earlier this week came out and said, in the event of a 20 to 25% U.S. tariff, and we're roughly talking about that across the board, if the EU and other countries retaliate, the loss to the global economy will be $1.4 trillion, that is trillion with a T, dollars to the global economy.
The MeidasTouch Podcast
Furious World Leaders Destroy Trump on Trade War
The tax burden, effective tax burden on the US taxpayers will be $6 trillion with a T. This is one of the most, in addition to being economically illiterate speeches, it is accompanied by one of the most economically damaging actions that have been taken since the last round of high tariffs, which was in the 1930s, which helped lead to the Great Depression.
The MeidasTouch Podcast
Furious World Leaders Destroy Trump on Trade War
Again, I'm not part of the negotiations. So, you know, we'll see. I am sure that there are going to be a lot of calls. I just don't know if they're going to be negotiations.
The MeidasTouch Podcast
Furious World Leaders Destroy Trump on Trade War
Well, I think there have been a lot of discussions, but I think we're just going to have to wait and see what would happen. What I would say, Anne-Marie, is I would advise none of the countries to panic. I wouldn't Try to retaliate because as long as you don't retaliate, this is the high end of the number. And I think the market could have certainty that this is the number barring retaliation.
The MeidasTouch Podcast
Demented Trump Has Most Shameful Day in U.S. History
Again, I'm not part of the negotiations. So, you know, we'll see. I am sure that there are going to be a lot of calls. I just don't know if they're going to be negotiations.
The MeidasTouch Podcast
Rep. Casar Responds to Trump Wrecking Economy
And what we can see here in the administration is President Trump is on what is seemingly an unstoppable roll since January 20th.
The MeidasTouch Podcast
Rep. Casar Responds to Trump Wrecking Economy
Yeah, well, look, it was a silly question. Can you guarantee there's not going to be a recession? I can't guarantee anything. I can't guarantee that the journalist who asked me the question that her news program is going to be on it.
The MeidasTouch Podcast
Rep. Casar Responds to Trump Wrecking Economy
No, no, no. Maria, what's going to happen on April 2nd, each country will receive a number that we believe represents their tariffs. So for some countries, it could be quite low. For some countries, it could be quite high. So there's not an automatic 25 plus 25 that's going to happen. And the poll you just read, I think that that's a source of a lot of the consternation That's happening.
The MeidasTouch Podcast
Furious India Blasts Trump for Screwing Them
Tell me, how has Pakistan been for you? They want to participate in the digital financial ecosystem. They want to participate in what the future of finance looks like. And you really have to come here to see it. And we thank you and, of course, all of your countrymates for their hospitality. It's been nothing short of excellent.
The MeidasTouch Podcast
Canada Sticks the Dagger in Trump and Knocks Him Out
We're trying to get rates down. And could we be seeing that... This economy that we inherited starting to roll a bit, sure. And look, there's going to be a natural adjustment as we move away from public spending to private spending. The market and the economy have just become hooked. We've become addicted to this government spending, and there's going to be a detox period.
The MeidasTouch Podcast
Canada Sticks the Dagger in Trump and Knocks Him Out
There's going to be a detox.
The MeidasTouch Podcast
Canada Sticks the Dagger in Trump and Knocks Him Out
As President Trump has said many times, tariff is his favorite word. I would say the reciprocal is probably his second favorite word. And I think we have to be open to the idea, if you want to be a numbskull like Justin Trudeau and say, oh, we're going to do this, then tariffs are going to go up.
The MeidasTouch Podcast
Canada Sticks the Dagger in Trump and Knocks Him Out
But if you want to sit back, have a discussion with the Commerce Department, USTR, they all have my phone number too. I am happy to have a discussion with our foreign counterparts.
The MeidasTouch Podcast
Trump Has Disaster Sunday as His Regime Scrambles
I think that's a false narrative. Americans who want to retire right now, Americans who have put away for years in their savings account, I think they don't look at the day-to-day fluctuations of what's happening.
The MeidasTouch Podcast
Trump Has Disaster Sunday as His Regime Scrambles
Look, Chris, markets are organic animals, and you never know what the reaction is going to be. One thing that I can tell you as the Treasury Secretary, what I've been very impressed with is the market infrastructure. that we had record volume on Friday and everything is working very smoothly. So the American people, they can be very, take great comfort in that.
The MeidasTouch Podcast
Trump Holds Disaster Meeting on TV as He Tanks Economy
Sure. That was actually Tyler who said that.
The MeidasTouch Podcast
Trump Holds Disaster Meeting on TV as He Tanks Economy
David, so today when President Trump has signed the executive order to establish the Strategic Bitcoin Reserve and Stockpile, we're going to position the United States as a leader among nations in the digital asset strategy. It's important for the United States to recognize this fact and get ahead of the other nations in the digital age.
The MeidasTouch Podcast
Trump Holds Disaster Meeting on TV as He Tanks Economy
We applaud the president's direction to use the digital assets already in possession of the nation. And we are going to establish this Bitcoin reserve. We will use this authority to augment the assets side of the United States balance sheet. As I've said many times, President Trump is creating assets for the American people, while most past presidents have created debt.
The MeidasTouch Podcast
Trump Holds Disaster Meeting on TV as He Tanks Economy
And a large part of this asset program can be in digital assets.
The MeidasTouch Podcast
Trump Holds Disaster Meeting on TV as He Tanks Economy
And we are going to put a lot of thought into the stable coin regime. And as President Trump has directed, we are going to keep the U.S., the dominant reserve currency in the world, and we will use stable coins to do that. Thank you.
The MeidasTouch Podcast
Trump Holds Disaster Meeting on TV as He Tanks Economy
We're trying to get rates down. And could we be seeing that? This economy that we inherited starting to roll a bit, sure. And look, there's going to be a natural adjustment as we move away from public spending to private spending. The market and the economy have just become hooked. We've become addicted to this government spending, and there's going to be a detox period.
The MeidasTouch Podcast
Trump Holds Disaster Meeting on TV as He Tanks Economy
There's going to be a detox.
The MeidasTouch Podcast
Trump Holds Awful Presser on Friday
Could we be seeing that this economy that we inherited starting to roll a bit? Sure. And look, There's going to be a natural adjustment as we move away from public spending to private spending. The market and the economy have just become hooked. We've become addicted to this government spending, and there's going to be a detox period. There's going to be a detox.
The MeidasTouch Podcast
Trump Holds Awful Presser on Friday
Well, look, as you said, Joe, market was up 20% last year. So there is some house money. No, no, no. I'm going to put it another way. Did the Biden administration succeed? The American people weren't buying it. Just because the market was up, they voted out the Democrats.
The MeidasTouch Podcast
Panicked Trump Freaks Out in AM as It All Goes Wrong
Not at present. We have some great retailers. I assume they pre-ordered. I think we'll see some elasticities. I think we'll see replacements. And then we will see how quickly the Chinese want to de-escalate.
The MeidasTouch Podcast
Panicked Trump Freaks Out in AM as It All Goes Wrong
Plan on calling your counterpart? We will see what happens with China. That it's it's important. I think it's unsustainable from the Chinese side. So maybe they'll call me one day.
The MeidasTouch Podcast
Panicked Trump Freaks Out in AM as It All Goes Wrong
Well, look. That's why I believe it's unsustainable.
The MeidasTouch Podcast
Panicked Trump Freaks Out in AM as It All Goes Wrong
Well, Brian, first of all, it's all the president, especially on the 18 important trading partners. We're doing bespoke deals, and he's going to be intimately involved in every one. Two weeks ago, when we had the Japanese delegation come in, he started it in the Oval, and then we took them into the negotiating room.
The MeidasTouch Podcast
Panicked Trump Freaks Out in AM as It All Goes Wrong
So he laid the groundwork, told them personally how important the relationship was, but also how important a fair deal for the American people is.
The MeidasTouch Podcast
New German Chancellor Rips Trump in Acceptance Speech
A partnership between Ukraine and the US that involves strategic minerals, energy and state-owned enterprises where we set up a partnership and we are only looking forward. It is a win-win. President Trump created this idea himself. It is a win-win. We make money if the Ukrainian people make money.
The MeidasTouch Podcast
New German Chancellor Rips Trump in Acceptance Speech
And I believe that with the United States of America, our know-how, our businesses willing to come in and provide capital, that we can accelerate the Ukrainian growth trajectory and take in substantial monies for the U.S. taxpayers and get the Ukrainian economy on a growth, great growth trajectory.
The MeidasTouch Podcast
GOP Leaders Stunned as Dems Go for Kill Shot on Live TV
I was on the phone with Doug McMillan, the CEO of Walmart, yesterday. And Walmart is in fact going to, as you described it, eat some of the tariffs. Just as they did in 2018, 2019 and 2020. The other thing that we are seeing, that Doug passed along to me, that with their consumer, the single most important thing is the gasoline price. And gasoline prices have collapsed under President Trump.
The MeidasTouch Podcast
GOP Leaders Stunned as Dems Go for Kill Shot on Live TV
I say that the gifts are to the American people, these trillions of dollars of investments that are going to create jobs in the US, whether it's the UAE building this gigantic aluminum plant in Oklahoma, whether it's these data centers that Qatar is going to do, is 600 billion on its way to a trillion from Saudi, that it all accrues to the American people.
The MeidasTouch Podcast
GOP Leaders Stunned as Dems Go for Kill Shot on Live TV
Hier ist die Rate. Ich würde also erwarten, dass alle in gute Glauben negotieren würden.
The MeidasTouch Podcast
GOP Leaders Stunned as Dems Go for Kill Shot on Live TV
Ich glaube, es wäre der 2. April-Level. Manche Länder waren bei 10%, manche waren substanziell höher. Und die Negotiationsleistung, die Präsident Trump hier spricht, ist, wenn du nicht negotieren willst, dann wird es zurück zu dem 2. April-Level springen.
The MeidasTouch Podcast
GOP Leaders Stunned as Dems Go for Kill Shot on Live TV
A couple of things to unpack there, Jake. One is that we didn't get her overnight in terms of this terrible trade situation we have with China, but also with the rest of the world. And President Trump is... Okay, well let's just assume strategic uncertainty is your goal.
The MeidasTouch Podcast
Trump Blows Up Term Quickly and Throws a Party
Access to cheap goods is not the essence of the American dream. The American dream is rooted in the concept that any citizen can achieve prosperity, upward mobility, and economic security.
The MeidasTouch Podcast
Trump Blows Up the USA With Fatal Plan
I think that's a false narrative. Americans who want to retire right now, Americans who have put away for years in their savings account, I think they don't look at the day-to-day fluctuations of what's happening. And, you know, in fact, most Americans don't have everything in the market. Most Americans in a 401k have what's called a 60-40 account.
The MeidasTouch Podcast
Trump Blows Up the USA With Fatal Plan
that 60 of 40 accounts are down 5% or 6% on the year. People have a long-term view. They have a program that the reason the stock market is considered a good investment is because it's a long-term investment. If you look day-to-day, week-to-week, it's very risky. Over the long term, it's a good investment.
The MeidasTouch Podcast
MeidasTouch Full Podcast - 5/9/25
Well, Congressman, if the... Congressman, if the exporters... They dislike tariffs so much. Why wouldn't they, if I think what you're trying to get me to say- Did you remember the question? I'm not sure you did. Who pays tariffs? It's a very complicated question.
The MeidasTouch Podcast
MeidasTouch Full Podcast - 5/9/25
The other thing, too, is this reporter behind me was quite snarky the other day when President Trump talked about the girl having two dolls. And he said, well, what... President didn't take the question, but he said, what would you tell that girl?
The MeidasTouch Podcast
MeidasTouch Full Podcast - 5/9/25
I said, I would tell that young girl that you will have a better life than your parents, that you and your family, thanks to President Trump, can now be confident again that you will have a better life than your parents, which working class Americans had abandoned that idea. Your family will own a home. You will be able to advance. You will have a good education. You will have economic freedom.
The MeidasTouch Podcast
MeidasTouch Full Podcast - 5/2/25
Please, Scott. Sir, it's been a momentous 100 days with you at the helm. And I view this 100 days as setting the table for peace deals, trade deals, tax deals. So the next 100 days will be harvesting. You've created negotiating leverage and leadership. They're going to yield remarkable results. Energy costs have plummeted. Mortgage rates are down. Food costs are moving lower.
The MeidasTouch Podcast
MeidasTouch Full Podcast - 5/2/25
And American families are finding their financial footing again.