Scott Besant
Appearances
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.
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.
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
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
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
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 - 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
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
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
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
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.