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
During one of the 2016 Republican debates, the Wall Street Journal’s Kimberly Stassel challenged Donald Trump on the projected revenue from his proposed tax plan. In essence Stassel claimed some economists doubted the growth factor Mr. Trump projects in his tax proposal.
What was highlighted within the question was one of the larger hurdles Trump faced as he needs to re-educate an entire generation on a fundamentally new vision of the U.S. economy. A return to a goods-based manufacturing and industry driven economic model.
President Trump’s MAGAnomic trade and foreign policy agenda is jaw-dropping in scale, scope and consequence. There are multiple simultaneous aspects to each policy objective; they have been outlined for a long time.
Interestingly, many people have forgotten a 1991 (35 years old) video of Donald Trump testifying before congress – as evidence of him being tuned in to the economic consequences of political activity.
The entire video is well worth watching, because it gives us insight into a very specific moment in time as they discuss the ‘Reagan era’ 1986 tax reform act.
However, for the sake of this discussion post, I would like to draw your attention to a very specific exchange between Donald Trump and Representative Helen Delich Bently (R-MD).
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:
In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the Donald Trump Administration and Presidency.
This thread will refresh daily and appear above the Open Discussion Thread.
Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL.
For Thine is the kingdom and the power and the glory, forever and ever. Amen †
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.
