Tariffs are dominating the headlines every day now, so Charlie pauses with a public service announcement: What is a tariff, what can they achieve, and why is Trump so committed to them? Eric Bolling joins to unpack Trump's economic policy and explain why it's exciting for anyone in the middle class. Watch ad-free on members.charliekirk.com! Get new merch at charliekirkstore.com!Support the show: http://www.charliekirk.com/supportSee omnystudio.com/listener for privacy information.
Chapter 1: What is the main topic of this episode?
Hey, everybody, it's the Charlie Kirk Show. What is a tariff? We explain how President Trump is fixing 30 years of failure. Then Eric Bolling joins us to give us economic news and analysis. Do not let your hearts be troubled. Stay focused on the big picture, the macro picture. Email us, as always, freedom at charliekirk.com and subscribe to our podcast. Buckle up, everybody. Here we go.
Charlie, what you've done is incredible here. Maybe Charlie Kirk is on the college campus.
I want you to know we are lucky to have Charlie Kirk. Charlie Kirk's running the White House, folks. I want to thank Charlie. He's an incredible guy. His spirit, his love of this country. He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA.
We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country. That's why we are here. Noble Gold Investments is the official gold sponsor of The Charlie Kirk Show, a company that specializes in gold IRAs and physical delivery of precious metals.
Learn how you could protect your wealth with Noble Gold Investments at noblegoldinvestments.com. That is noblegoldinvestments.com. It's where I buy all of my gold. Go to noblegoldinvestments.com. What is a tariff? We are hearing this word thrown around a lot. Donald Trump is starting a trade war is what we are being told. We are saying that it is making the economy go into a recession.
But what exactly is a tariff? A tariff is a duty. It's a tax in some sense imposed by, of course, a government on importing or exporting of goods. It is used as a form of negotiation many times. but as a way to try and bring both parties to the table. Now, we have tried unfettered free trade over the last 30 or 40 years. On paper, free trade with every country looks and sounds good.
It looks and sounds good when we are able to say, you know what, there's no duties, there's no tariffs, there's no taxes. However, America has been largely too focused on the importation of goods into America not being tariffed. And far too often, we don't even ask the question, what about the products we make in our country that we want to import to other countries?
So the game that was constituted, the deal that was structured, was the following. It was that we are going to become... a purchaser of other countries' goods, and we will become a service economy. Why do we need to go make stuff with our hands? We're better than that. We're just going to go close down all the factories in Allentown. We're going to go close down the factories in Marshallton, Iowa.
We don't need to be making stuff. We're more elevated than that. We will have an information economy. And we all know how that works. Those very decisions that were made by the American corporate ruling class led to the rise and the ascension of Donald Trump. It led to the explosion of the MAGA movement. Now, we are in a three-dimensional trade war right now. President Trump is forcing the issue.
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Chapter 2: Why are tariffs important to Trump's economic policy?
I'll give you very much. So historically, if you buy and hold, you've done amazing. You've literally, you've never, sure there are some bumps in the road, some recessions, 2007 hurt. But if you stuck it out, you're way better. We're triple, four times the level on all these indices that we were in 2007. Here's the thing that is really, really telling on all of this.
Trump gets inflation down, period. He does. Last time he was president, I started my career in the oil business. I was an oil trader for 15 years. Never once in my life have I ever seen what Trump did in 2018. He had oil prices negative. It went to zero, and there was so much oil in America, it went negative because oil People were looking for places to put the oil. They didn't have it.
There was so much oil and gas prices were $1.49, $1.89. I've never seen that in my entire life. He's going to do it again. Drill Baby Drill was one of his platform, one of the legs of the platform that he sold the American people on himself. He will do it. He'll get oil prices down. When oil prices go down, everything goes down. Everything goes down, not just food, not just energy.
Everything is made with an oil kind of DNA in it. Toilet paper has an oil aspect to toilet paper to the manufacturing process. A tomato in California. has an oil price to it because you have to ship the tomato from California to New York or wherever. Everything's hinged and dependent on the price of oil. Trump knows to get oil prices down, inflation goes down.
We just saw egg prices that have gone up for the past four years actually slam down to the price that when Trump took over six weeks ago, seven weeks ago, and it will continue to go lower. There it is. There's the egg price chart right there. Great job, producers. And this is a month and two weeks into this. It will continue. Prices are going to come down. That's more money.
That's more everything for the family budget. Be patient. Yes, he's right. There's some red on some Wall Street stock indices. But over the long run, when prices come down and you have employment, we're still fully employed. The We are completely fully employed as an economy. We have strong employment and lower prices. That's fuel for much better things to come.
And, Eric, we're also seeing for the first time in 15 months more native-born Americans getting jobs than foreign-born Americans. We are seeing prices go down. The inflation report was very, very good. We just showed the egg prices going down. And the price of oil is also going down. I think it's right near $65 a barrel right now. Correct. And speak to the geopolitical.
As President Trump ends the Russian-Ukrainian war, as he makes the Middle East tensions go down, and that directly, without any other executive action, could actually bring down the price of oil. Eric, do you agree with that?
Charlie, you're nailing it. Because for, I believe the price of oil... will turn everything better for America. If the tension in the Middle East, if Saudi Arabia is all of a sudden okay and everything's fine, Iran calms down because Russia says, calm down, we have a peace deal going on, you don't screw the peace deal up, we can now again access Russian oil. There's a
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