Tucker Carlson interviews the fulcrum between Wall Street and Main Street in the MAGAnomic policy world, Treasury Secretary Scott Bessent.
Secretary Bessent notes the goal of the tariff plan, and the accompanying economic policy is to give the working middle-class a boost in wealth and simultaneous relief from bad policy that has exclusively benefited the investment class. WATCH:
Chapters:
0:00 Trump’s Tariff Plan
5:42 The Current State of the Stock Market
8:22 Will Americans See Substantial Tax Cuts Because of Tariffs?
13:16 How Much Money Will America Make Through Tariffs?
14:33 Bringing Manufacturing Back to the US
20:14 Tariff Pushback From Foreign Countries
Secretary of State Marco Rubio is attending a meeting of NATO foreign ministers in Brussels. The timing puts Secretary Rubio in Europe just as NATO allies and European countries are reviewing the impact of the reciprocal tariffs levied against them by President Trump.
The press pool reacts to the concerns of several European and NATO member states through their questions. Secretary Rubio eloquently cuts through the nonsense, through the narrative engineering, and deliberately – with clarity – outlines the position of the Trump administration. Secretary Rubio is well within his element in these responses.
Rubio has really showcased a remarkable talent in support of President Trump and the diplomatic agenda of the Trump administration; remarkably so. The era of pretending diplomacy is coming rapidly to a close and Rubio is doing very well in his position. WATCH:
President Trump holds an impromptu press conference aboard Air Force One heading back to Florida from Washington DC. President Trump answered dozens of questions about current events.
As the Deep State Intelligence Apparatus continues its long-standing position in opposition to President Trump, perhaps the Trump administration finally hit back at one of the lead elements.
General Timothy Haugh has been fired from his position as Director of the National Security Agency (NSA) on Friday. Additionally, his deputy Wendy Noble has been removed from the NSA and reassigned. No explanations yet made.
(Washington Post) – The director of the powerful wiretapping and cyber espionage service, the National Security Agency, was fired Thursday, according to two current and one former U.S. officials.
Gen. Timothy Haugh, who also heads U.S. Cyber Command, was let go along with his civilian deputy at the NSA, Wendy Noble, according to the officials.
Noble was reassigned to a job within the Pentagon’s Office of the Undersecretary of Defense for Intelligence. The NSA is part of the department.
Canadian Prime Minister Mark Carney spins a tale of Automaker Stellantis temporarily shutting down auto plants in Canada and Mexico as an outcome of President Trump’s tariffs. Unfortunately, the gaslighting by Carney might work on less intellectual SnowMexicans, but it fails here.
Stellantis, an EU centered auto company who sell Dodge, Ram (made in Mexico) and Dodge, Durango (made in Canada), have been in a deepening crisis for over a year as a result of poor brand management, poor development and weak North American sales. In short, their cars and trucks are not selling, that’s why the CEO quit in December, and they fired and replaced the North American leadership team. It has nothing to do with Trump’s auto tariffs against Mexico and Canada.
That said, Mark Carney used the Stellantis plant closing (Windsor) as cover to announce that Canada would match the auto-tariffs with a 25% countervailing duty against all U.S. made cars and trucks. [Prompted]
This approach only raises the ceiling for the U.S. tariffs against Canada. Quite frankly, I’m not sure why President Trump would continue to play this game with Carney and should (for the sake of simplicity) just cancel all trade with Canada and begin an immediate embargo and border blockade.
Tell the Carney clown to stay at home, shut it all down and let the Canadians live as a sovereign nation under the rule and regulation of the EU while they continue to destroy their energy resources and import foreign workers. It’s silly to keep entertaining Canada as if they really matter.
If it wasn’t for the national security threat they could represent on our border, Canada would likely get little policy attention from any administration. The Trudeau/Carney’s of the world are just annoying now. Sorry Canada, but this Carney guy is even worse than the last Prime Minister. They won’t even say “USMCA” because it’s Trump or something. So, Carney says “CUSMA” 😂🤣😂 Childish, silly and so typically leftist. Too funny!
Vice President JD Vance appears on Fox News this morning to discuss the trade tariffs and the ongoing MAGAnomic trade reset.
The reciprocal tariffs and global trade rebalance are two components of a much larger MAGAnomic policy. Tax structures to the benefit of the working-class, upward pressure on wages and expanded GDP growth are all elements of increasing the wealth of Main Street and middle-class Americans. WATCH:
The response from the EU is exactly what we would expect to see from the end of the 80-year-old Marshal Plan.
EU Commission President Ursula von der Leyden has three big concerns with the new trade/tariff reset. I strongly suggest everyone to read the EU concerns slowly to fully absorb decades of hypocrisy now surfacing:
#1 The EU will not be able to compete for U.S. market share with 20% general tariffs and 25% auto tariffs.
#2 The EU must deploy countermeasures against the risk of losing industrial capacity and manufacturing to the United States.
And #3 The EU must defend itself against China dumping cheap products into the EU now rejected by the USA.
von der Leyen is concerned mostly about the extremely valuable U.S. consumer being leveraged by President Trump, essentially blocking exploitation from EU and Asia. The EU will not tolerate losing access to the most valuable customers in the world, Americans.
Here are the basic resources you need to dive into President Trump’s global trade and tariff reset. Topline opinion at the end of the document summaries.
♦ United States Trade Representative: 397-page detailed analysis of global trade relationships with the United States. The 2025 National Trade Estimate Report on Foreign Trade Barriers (NTE) is the 40th report in an annual series that highlights significant foreign barriers to U.S. exports, U.S. foreign direct investment, and U.S. electronic commerce. This document is a companion piece to the President’s 2025 Trade Policy Agenda and 2024 Annual Report, published by the Office of the United States Trade Representative (USTR) on February 28, 2025. SEE REPORT HERE
♦ President Trump Executive Order: Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits. READ EXECUTIVE ORDER HERE:
♦ ANNEX #1 – Outlining the tariff rate per country as assigned. SEE HERE
♦ ANNEX #2: 37-pages outlining the products that are exempted from the globally specified tariffs. The tariffs generally target completed goods, finished durable goods, not necessarily the chemical components or compounds needed if we are to manufacture or build the product in the USA. Therefore Annex 2 provides the list of all products, chemicals, components and compounds that are exempt from the tariff program. [SEE EXEMPTIONS HERE]
US Treasury Secretary Scott Bessent discusses President Trump’s tariff plans, federal deficit negotiations and the efforts to extend the 2017 tax cuts with Annmarie Hordern on “Balance of Power.”
Bessent walks through a strong, focused and deliberate outline while warning other nations not to assemble any retaliatory effort, or else the tariff ceiling currently outlined is likely to go much higher. WATCH:
SEGMENTS:
00:00- Bessent says of tariffs, “this is the number barring retaliation”
01:20- China tariff rate, potential rate
03:13- Bessent on markets: “A mag seven problem, not a MAGA problem
05:07- Potential timing of reconciliation bill
07:00 – US on Debt ‘Warning Track’ for May or June
07:45 – Bessent on raising revenues through tariffs
09:18 -Bessent discusses US soft data, sentiment
10:25 – Government agenda for the remainder of 2025, Ukraine progress, and Iran
Senior White House Officials Taylor Budowich, Stephen Miller, and Karoline Leavitt have a discussion on Tariffs with U.S. Trade Representative Jamieson Greer.
President Trump’s trade and tariff policy is a complete restructuring and reset of the U.S. economy and manufacturing base. The former presidential administrations (both parties) from Jimmy Carter to Ronald Reagan, to George HW Bush, to Bill Clinton, to George W Bush, to Barack Obama and forward to Joe Biden, all of them purposefully and with specific intent taking apart the U.S. manufacturing base through trade and economic policy.
The discussion below is familiar to those who have watched the MAGAnomic policy unfold. However, for those who are only beginning to understand just how impactful these policies will have on the life of your family, this conversation begins the journey. WATCH:
