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The speaker believes the first 100 days have set the stage for future deals and that the next 100 days will see the results. They claim energy, mortgage, and food costs are decreasing, improving family finances. The speaker asserts America is becoming an AI superpower and that the economy is being balanced with precision manufacturing through trade and tax policies. They state the Treasury, IRS, and IT are improving, with IRS revenues up and a decades-old IT update nearing completion. The speaker credits the President's leadership, along with Speaker Johnson and Leader Thune, for these successes. They conclude that economic security and national security are intertwined and stronger than ever, and that "America First" under President Trump means leadership, not isolation.

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President Trump is prioritizing America by implementing reciprocal tariffs, a concept with bipartisan support. Trump aims to reverse decades of being the "world's ATM," referencing his 1988 concerns about trade imbalances with Japan and other countries not paying their fair share. The US has become overly reliant on adversaries like China, even for essential items like pharmaceuticals. Between 2020 and 2022, US imports of China-based pharmaceuticals grew by 485%. China now owns the American generic drug supply. Trump is implementing discounted reciprocal tariffs, charging China half of what they charge the US. Critics predict economic disaster, but Trump supporters argue these tariffs are essential for long-term independence and are already incentivizing investment in American factories. Critics accuse Trump of promising to lower the high cost of living, but now, quote, crashing the economy. Countering claims that Trump will cut Social Security, supporters say he explicitly stated he would not. The speaker claims the media lies about Trump, while Americans support his actions.

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This isn't a trade war, but a balancing of our economy with countries that have taken advantage of us for decades, getting rich over the backs of American workers. Unfair trade deals have caused the loss of manufacturing jobs, with production moving overseas and then being sold back to the U.S. Countries need access to the U.S. economy, the largest and greatest in the world, but it's costing manufacturing jobs. It is time for someone to stand up, and President Trump is applauded for being the first president to stand up and address this. It's about the future of America's economy. Trade deficits have increased year after year, and President Trump is finally doing something about it.

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In the 1970s, the middle class held the largest share of the GDP, with 25% of the economy. Now, the top 20% controls over 50% of the GDP. Manufacturing used to provide a middle-class standard of living for many, but now real estate and finance dominate, benefiting asset-rich Americans. Manufacturing still exists, but it's often done in other countries. Tariffs aim to make American workers more competitive in the global market, addressing concerns about a "race to the bottom" with countries like China that pay low wages. Trump identified five industries critical for national security: pharmaceuticals, lumber, steel, aluminum, and one other. Maintaining a stake in these industries is essential to avoid reliance on potential adversaries like China for vital resources during conflicts.

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Companies have announced over $2 trillion in new investments, totaling close to $8 trillion. These investments, factories, and jobs signify the strength of the American economy. The US aerospace industry can continue to lead the world in innovation. The US must continue its leadership in AI. Companies are creating millions of jobs and making investments to catalyze a new era of advanced manufacturing. The US needs to reindustrialize and prioritize products being made in America.

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Under Joe Biden's policies, trade deficits have been increasing, leading to job losses and economic damage. Last year, the US lost $383 billion to China and nearly $1 trillion worldwide, the largest trade deficit in history. These losses result in China gaining more jobs, victories, and long-term prosperity, while also using the money to strengthen their military. This path of subservience and economic ruin is being laughed at by other countries. In contrast, during my presidency, tariffs on China and other countries led to job creation, wage growth, and the opening of 17,000 new factories. Under my leadership, we will end these job-killing deficits, regain independence, and experience a great economic boom. Thank you.

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Our economy is thriving with 15 million new jobs in 3 years, record small business growth, and historic job growth for minorities. We've added 800,000 manufacturing jobs, reduced the racial wealth gap, and increased health insurance coverage. Wages are rising, inflation is low, and we're exporting American products to create jobs at home. The American people are starting to see and feel these positive changes.

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Back in 2017 and 2018, President Trump shifted our national security focus to address the threat posed by China, believing we can win economically through supply chains, markets, and fair trade. Simultaneously, we're rebuilding our military to be the most lethal in the world. Panama has rejected China's Belt and Road Initiative, signaling a change. We're also cracking down on cartels, securing our border with joint patrols by the Mexican army and our border police and military. We now have a team fully aligned with President Trump's vision, including a great Secretary of State, Secretary of Defense, and Secretary of Treasury. We are building the rocket as we are launching it.

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The President has initiated a complete restructuring of the international trading system with a fair and reciprocal plan. For too long other countries have damaged our defense industrial base and threatened our national security. Take Europe, for example. The US runs a $230 billion trade deficit with them, especially in the auto industry. A Cadillac faces tariffs and VAT taxes that significantly increase its price in Germany, while a BMW coming to the US gets rebates, allowing it to be sold much cheaper. This disparity explains why Germany sells us eight times more cars than we sell them. To address this, we're going to identify how countries are unfairly exploiting us through tariffs and non-monetary barriers. Then we will determine reciprocal tariffs to counteract this unfairness, ensuring fair treatment for America. This isn't a political issue, it's an American issue. We want jobs, factories, and a strong defense industrial base here at home so we can be safe, secure, and prosperous.

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Joe Biden has run up record trade deficits, costing the country jobs and trillions of dollars. To address this, I will pass the Trump Reciprocal Trade Act, which imposes the same tariffs on countries that impose tariffs on us. They can either eliminate their tariffs or pay us billions of dollars. This will benefit farmers, manufacturers, and the middle class, and reduce our dependence on China. We have been disrespected on trade for too long, but that ends now with the Trump Reciprocal Trade Act.

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According to Speaker 1, Trump has been talking about how America has been ripped off for 35 years and is now standing up for American workers to bring factories back home and get rid of the national emergency trade deficit. Speaker 1 believes robotics will replace cheap labor worldwide. Factories moved to places with the cheapest labor, including slave labor, poor environmental conditions, and pollution. American workers have been given a raw deal. Speaker 1 claims America will build factories, train workers in tradecraft, and train high school educated people to do robotics mechanics. Speaker 1 uses air conditioning for semiconductor factories as an example of great paying jobs that Americans will have. Speaker 1 anticipates 5,000,000 of these jobs coming, and America will retool and do manufacturing. Speaker 1 believes robotics can sew, and there will be a renaissance of American manufacturing because Trump is bringing them back. He says Trump has $6,000,000,000,000 committed to America.

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Today, I implemented strong steel and aluminum tariffs. This fulfills a campaign promise, protects our national security and American workers, boosts American manufacturing, and generates revenue to lower your taxes.

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The U.S. can no longer continue a policy of unilateral economic surrender. Donald Trump intends to punish anyone outside the country producing goods that America should produce for itself, raising revenue and protecting American jobs. Trump's game is "America First," and he claims to have the backbone to get it done. This is a proven economic formula. Mortgage rates and inflation have come down, with trillions of dollars in investment and companies expanding operations, creating nearly a quarter of a million new jobs. Consumer prices dropped, which never happened under Joe Biden. Inflation is at 2.4%. The dollar is shooting up over 2,000 points. Energy costs, groceries, and gasoline are down, with gasoline way under $3. This is described as the most aggressive effort at pro-American growth in American history.

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Donald Trump has always loved and prioritized this country. With the right leadership, America can regain its former greatness. Many are frustrated by the U.S. giving substantial aid to wealthy nations while neglecting its own citizens, including the homeless, sick, and struggling farmers. Trump has consistently supported America and is committed to helping those in need. He aims to be remembered as someone who contributed positively to the nation. Trump has always fought for America and will continue to do so.

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The Trump administration achieved significant milestones during its tenure. The economy saw the addition of 7 million jobs, surpassing projections. Unemployment rates reached record lows for various demographics, including African Americans, Hispanic Americans, and women. Poverty rates for African Americans and Hispanic Americans also hit record lows. Homeownership for African Americans increased, and trade agreements were renegotiated with Mexico, Canada, and Japan. China agreed to purchase an additional $200 billion worth of American exports. The United States became a net energy exporter for the first time in 70 years. The military was rebuilt with substantial defense spending. Additionally, over 230 federal judges were nominated and confirmed, including three Supreme Court justices, strengthening the conservative majority.

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One hundred days ago, President Trump promised to deliver the America First agenda. Since then, there has been swift and decisive action from the president. The first hundred days have included a secure border, safer communities, strength on the world stage, historic investments in American manufacturing, a return to common sense, and a more efficient, effective government. The American people have given the president, the House, and the Senate a sweeping mandate for bold change. America is back.

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President Trump's strategy was to hit back very hard. The media predicted civilization would melt down. However, half the countries in the world decided to lower trade barriers and make a deal with the president. They needed access to US markets and determined it was in their best interest. These countries came to the table because of President Trump's actions. Some may not want to admit it, but it is the truth. Deal-making is an art, and President Trump has mastered it.

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Experts have been wrong for 40 years about the effects of shipping manufacturing and industrial bases to other countries like China and Mexico. They claimed it would lead to cheaper goods and a stronger middle class, but they were wrong about making America less self-reliant. Donald Trump recognized this and decided to bring American manufacturing back, unleash American energy, and make more goods domestically.

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This is declared as a declaration of economic independence and liberation day. Foreign leaders have stolen jobs, ransacked factories, and torn apart the American dream for over 50 years, but this will end now by putting America First. An executive order will institute reciprocal tariffs on countries worldwide to supercharge the domestic industrial base, pry open foreign markets, and break down foreign trade barriers. More domestic production will mean stronger competition and lower prices. From this day on, America will produce the cars, ships, airplanes, minerals, and medicines it needs. The future will be built with American hands and heart, ushering in a golden age.

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Trump is praised for creating jobs, reducing unemployment, cutting taxes, and making America energy independent. He tackled human trafficking, brokered peace deals in the Middle East, and strengthened national security. Despite his achievements, he promises even more success in the future.

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US Business Leaders are begging to meet with the president because he is a negotiator making good deals for the American worker. The president discussed the need for steel and aluminum tariffs in his speech in Pennsylvania. According to someone backstage at the speech, the tariffs are the greatest thing to happen for the Pittsburgh community in sixty years. The president is delivering on his promises to bolster the steel and aluminum industries and protect those jobs. If not for this president, that steel plant in Pittsburgh would have closed and the president saved that company, those jobs, and that community.

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The president wants to impose tariffs on foreign importers to bring investment and jobs back to the U.S. Businesses can avoid tariffs by building and investing more in America and raising wages for American workers. The administration aims to lower inflation, ensure government services, and force businesses to invest in American workers. Inducing businesses to invest in American workers and reshoring supply chains will strengthen the economy long-term. The COVID crisis showed the U.S. can't rely on China for critical supplies. The president is changing a bipartisan consensus that has harmed American workers. Investing in the U.S. will be rewarded with lower taxes, regulations, and energy costs. The European Union has been tough on American workers by imposing tariffs. The president is defending the American worker and fighting back against unfairness. The U.S. has a $1 trillion trade deficit and will no longer allow Americans to go into debt to buy foreign-made goods.

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Historic economic accomplishments have been made through science, technology, and investment in the American workforce. These accomplishments include growing the American workforce, rising wages, and bringing down prices. It is important to inform people about the source of these accomplishments.

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Under Joe Biden's policies, trade deficits have been increasing, leading to job losses and economic damage. Last year alone, we lost $383 billion to China and nearly $1 trillion worldwide, the largest trade deficit in our history. These losses allow China to gain more jobs, victories, and long-term prosperity while they use the money to buy our real estate, factories, and build up their military. This path of subservience and economic ruin is evident to everyone, and other countries are mocking us. However, under my leadership, we will end these job-killing deficits, regain our independence, and experience a great economic boom. My previous tariffs on China and other countries actually resulted in no inflation, significant job creation, wage growth, and the opening of over 17,000 new factories in the USA. With my strategic national manufacturing initiative, we will achieve even greater success. Thank you.

Tucker Carlson

Treasury Secretary Scott Bessent Breaks Down Trump's Tariff Plan and Its Impact on the Middle Class

Guests: Scott Bessent

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Tucker Carlson interviews Scott Bessent at the Treasury Department following President Trump's announcement of a new global tariff regime. Bessent emphasizes that this move is transformational for the American economy and the middle class, echoing historical precedents set by figures like Alexander Hamilton. He discusses the long-term economic challenges faced by American workers, particularly since the "China shock," and asserts that tariffs are a necessary tool for negotiating better trade terms and revitalizing American manufacturing. Bessent argues that economic security is national security, highlighting the need to re-industrialize the U.S. and address supply chain vulnerabilities exposed by COVID-19. He believes the tariffs will generate significant revenue, potentially between $300 billion to $600 billion annually, which could help fund tax cuts for the middle class. He also addresses concerns about the Federal Reserve and the importance of sound economic policies. Bessent expresses confidence that the administration's approach will lead to improved economic conditions for working Americans, contrasting it with the previous system that failed to support them. He concludes by emphasizing the administration's commitment to maintaining a strong dollar and fostering a robust economy through effective governance and reduced federal spending.