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President Trump stated that the proposed 25% tariffs on Mexican and Canadian goods will be implemented on March 4 as planned. This is due to his claim that drugs are flowing into the U.S. from those countries. Trump said that drugs continue to pour into the country, killing hundreds of thousands of people, and that the U.S. is losing substantially more than 100,000 people. He stated that families are destroyed as a result.

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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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According to a report from the USTR, over 50 countries have contacted the president to start negotiations. These countries supposedly understand they bear much of the tariff burden. The speaker believes the consumer in the U.S. will not be greatly affected. The speaker claims the persistent long-run trade deficit exists because other countries have very inelastic supply and have been dumping goods into the U.S. to create jobs, such as in China.

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Rampant illegal immigration and the illicit drug trade, particularly fentanyl, are costing the American people more than a potential trade war. President Trump aims to ensure that China, Mexico, and Canada prioritize U.S. national security as much as they do their own. Fentanyl's precursor materials come from China, are assembled in Mexico, and are the leading cause of death for Americans aged 18 to 45. Trump has committed to using every available tool to secure the nation, and addressing this crisis is part of that effort.

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The world has been cheating the U.S. for decades with tariffs and non-tariff barriers like VAT taxes, dumping, currency manipulation, and technical and agricultural barriers. These barriers transfer $1.2 trillion of wealth abroad annually, and $18 trillion since the U.S. started running deficits. The president's strategy is to charge other countries what they charge the U.S. It's easy to calculate the tariff differential, but non-tariff barriers are much higher. The U.S. paused for ninety days, knowing countries would want to bargain, and anticipates potentially having 90 deals in 90 days. The speaker believes this pause was a success for President Trump, and they are going to get this done for the American people.

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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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Canada has been charging the United States tariffs for years, including a 270% tariff on milk, 245% on cheese, and nearly 300% on butter. There are also tariffs on chicken, sausages, barley seed, meat, cars, HVAC, vacuums, cable boxes, TVs, steel, aluminum, and copper. Now that the United States wants to impose tariffs, suddenly we're the bad guys. The United States is tired of one-sided relationships where Canada benefits without offering fair trade in return. Canada is draining billions from the United States. Before criticizing President Trump, Canada should consider how much they've taken from the United States. Without America, Canada's economy would plummet.

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According to a report from the USTR, over 50 countries have contacted the president to start negotiations. These countries supposedly understand they bear much of the tariff burden. The speaker anticipates minimal impact on US consumers. The speaker believes the persistent long-run trade deficit is due to countries with very inelastic supply, such as China, dumping goods to create jobs.

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You are imposing tariffs on regular Americans, and we will respond. Canada is a crucial market for U.S. exporters, larger than China, Japan, the UK, and France combined. The anger in Canada is palpable, with the entire country rallying behind Prime Minister Trudeau. The tariffs are higher than those against China, which feels like a betrayal to a loyal ally. The justification regarding fentanyl and border security is flimsy, as only a tiny fraction of fentanyl comes from Canada. Canadians are proud of their sovereignty and will retaliate against these unjustified measures. The relationship between our countries has historically been beneficial, and we want to maintain that partnership. The current situation is seen as self-harm for America, and Canadians are uniting in support of their government.

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Check out these insane tariffs that Canada imposed on the US last year: 250% for milk, 291% for butter, and over 200% for whey and cheese. Meanwhile, we charged them far less for the same goods. Since Trump announced tariffs, everyone suddenly became an economics expert. I don't know how tariffs will affect the economy, and neither does anyone else. But I do know tariffs led Apple to build a new factory and hire 20,000 Americans. Honda is building Civics here instead of Mexico. Taiwan Semiconductor is investing $100 billion to build five chip factories in the US. Tariffs pressure China, Mexico, and Canada to stop the flow of fentanyl. Tariffs are one tactic in an economic strategy. Are we willing to tolerate short-term disruption for long-term gain? Macroeconomics are complicated and take time to play out. Are you listening to people who want the President to fail, even if it hurts America?

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Long threatened tariffs from President Donald Trump have plunged the country into trade wars abroad, with the on again, off again new levies escalating uncertainty. Tariffs don't cause inflation, they cause success. There could be some temporary short term disruption, and people will understand. On February 1, Trump began by signing an executive order to impose tariffs on imports from Mexico, Canada and China. It prompted swift outrage from all three countries with promises of retaliatory measures. But on February 3, he agreed to a thirty day pause on that plan for Mexico and Canada, as both countries took steps to appease his concerns over border security and drug trafficking. The next day, 10% tariffs on all Chinese imports went into effect. China retaliated, and on February 13, Trump announced a plan for reciprocal tariffs.

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Tariffs imposed by the Trump administration are unjustified, as only about 0.2% of fentanyl entering the U.S. comes from Canada. If border security were the real concern, it could be easily addressed. Canada is also focused on stopping illegal U.S. guns that contribute to violence in Canada and is open to collaborating on asylum seeker issues. However, the president's comments about Canadian sovereignty, suggesting that becoming the 51st state would eliminate tariffs, have angered Canadians. They value their sovereignty and are committed to standing up against these tariffs, emphasizing their desire to maintain a strong partnership with the U.S. while being proud of their national identity.

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President Trump mentioned expanding the U.S. footprint, and it started when Trudeau said that evening out the trade relationship would mean Canada would cease to exist as a country. The President responded that if Canada can't exist without cheating in trade, then it should become a state. Canada is our friend and partner, but for decades, the U.S. allowed uneven trade imbalances. During the Cold War, we wanted countries to be strong economically, even if they were cheating. But these are rich, developed economies now. Whatever they charge us, we should charge them. If they don't allow American companies to operate, we shouldn't allow their companies here. American banks can't even operate in Canada. There has to be reciprocity and fairness. The days where countries take advantage of us have to end because it's not good for the global order and creates friction. This is the case with Canada and other allies.

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Tomorrow, February 1st, President Trump will implement tariffs in response to the illegal fentanyl crisis. A 25% tariff will be imposed on Mexico and Canada, and a 10% tariff on China. These measures are aimed at addressing the distribution of fentanyl, which has resulted in the deaths of millions of Americans. This action reflects the president's commitment to his promises.

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Tariffs have become a hot topic, raising questions about their implications for the US, Canada, and Mexico. The current situation highlights the leverage the US holds in negotiations. Mexican exports to the US account for 35% of their GDP, while Canadian exports make up 22%. In contrast, US exports to Mexico and Canada are only 1.2% and 1.5% of their GDP, respectively. This disparity suggests that Mexico and Canada cannot afford to prolong a trade standoff. The US is pushing for negotiations, not out of bullying, but in response to serious issues like the fentanyl crisis and illegal immigration, which have significant impacts on American society. The message is clear: those contributing to these problems must face consequences.

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Only 43 pounds of fentanyl were found last year, which is less than a carry-on suitcase. The vast majority of fentanyl is brought in through Mexico, not Canada. Last year alone, there was a 2000% increase in illegal fentanyl. You're asking me for the president's justification for these tariffs. It's disrespectful to the families who have lost loved ones to this deadly poison. They are grateful that they finally have a president who is standing up to both Canada and Mexico, and most importantly, to China as well. The president added an additional 10% tariff on China because this deadly poison is being produced there and distributed through our neighbors. There need to be consequences.

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Tariffs are being imposed without justification, as only about 0.2% of fentanyl entering the U.S. comes from Canada. If border security were truly the concern, it could be easily addressed. Canada is also affected by the smuggling of U.S. guns that lead to violence in Canadian cities, and both countries could collaborate to manage asylum seekers. The recent threat to Canadian sovereignty, suggesting Canada could become the 51st state to avoid tariffs, has angered Canadians. They value their national pride and sovereignty, and any aggressive actions will be met with a strong response. Canada wants to maintain a friendly partnership with the U.S. while standing firm on its identity.

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The speaker believes people are reacting hysterically to Trump's trade policies because they were taught that free trade is good, and tariffs are bad. Trump's perspective is that while free trade may improve GDP, it devastated parts of the US, costing people not just jobs, but their towns. The US is in the best position to negotiate trade because exports only comprise 11% of its GDP. If countries are rational, Canada and Mexico would concede to US demands, as 25% of their GDP comes from exports to the US. Europe is not much better, so they should also lower barriers. The wild card is politicians fearing job loss if they give in. The speaker acknowledges market pain but notes those who lost jobs are cheering. Trump is doing what he said he would do, fulfilling his promises.

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Tariffs are taxes on imported goods, and the U.S. only imports 15% of its goods and services. Canada and Mexico contribute just 5% of that. This trade war could significantly impact their economies, as Canada relies on the U.S. for 20% of its GDP, with 75% of its trade tied to the U.S. If prices rise, Americans may stop buying Canadian goods, hurting their economy. Mexico is similarly vulnerable, with 40% of its GDP linked to U.S. exports. Concerns about Canada cutting off power are unfounded, as they are in significant debt. Other countries contribute only 10% to the U.S. GDP, and tariffs can be beneficial when paired with tax cuts. While there may be slight inflation, it will be manageable. America is prioritizing its interests, so there's no need for alarm.

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America protects and defends countries like South Korea, Japan, Canada, and all of Europe. In exchange, South Korea steals the automobile and electronics industries, Japan closes its market to American cars, Canada runs up a massive trade deficit, and Europe has a $300 billion trade deficit with the United States. America is getting ripped off by every other country in the world, resulting in the deindustrialization of the heartland, destruction of the American dream, and the eradication of the industrial and manufacturing base needed for national security. This has to stop, especially with $36 trillion in debt.

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President-elect Trump is taking decisive action against China, Mexico, and Canada, announcing a 25% tariff on imports from these countries. He plans to sign the order immediately after his inauguration. The message is clear: to avoid tariffs, these countries must stop allowing illegal immigration and the influx of fentanyl and criminals into the U.S. Trump emphasizes that if Canada and Mexico want to avoid tariffs, they need to take responsibility for their borders. He believes that imposing tariffs is essential for protecting American jobs and that this marks a significant shift in policy, signaling a new approach to international trade and border security.

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The speaker addresses potential retaliatory tariffs from Canada and others, stating that Canada cannot win a trade war with the U.S. According to the speaker, President Trump aims to level the playing field, claiming that Canadian leadership has unfairly disadvantaged American farmers and manufacturers for decades. The speaker asserts that the U.S. will reciprocate actions against its industries to protect American manufacturing and jobs. They state that the President intends to end America's role as the world's "piggy bank," alleging that other countries have exploited the U.S. by using it to absorb excess economic production, resulting in declining manufacturing jobs, lower middle-class wages, and hollowed-out towns. The speaker emphasizes the importance of rebuilding the American manufacturing sector for national security, advocating for American-made weaponry. They conclude that fighting back against unfair economic practices, even with allies, will lead to higher wages, more manufacturing, and greater economic security for Americans.

Breaking Points

'WILL BE PAIN': Trump SMACKS Mexico, Canada With 25% Tariff
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The show discusses significant developments, including President Trump's newly announced tariffs of 25% on Canada and Mexico, with a 10% tariff on China. These tariffs aim to address trade deficits but may lead to increased consumer prices, particularly in groceries and auto manufacturing. Trump argues that tariffs do not cause inflation but rather economic success. The hosts highlight the potential economic impact, noting that 30% of U.S. goods come from Canada and Mexico. Jeff Stein from The Washington Post provides insights on the tariffs' implementation and potential legal challenges. Additionally, there are concerns about Elon Musk's influence over the Treasury's payment system.

The Rubin Report

JD Vance Makes Host Go Quiet with This Brutal Warning for These Major Countries
Guests: JD Vance
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Dave Rubin hosts JD Vance on the Rubin Report, discussing the current political climate, particularly focusing on President Trump's impending tariffs on China, Canada, and Mexico. Trump plans to impose 25% tariffs on Canada and Mexico and a 10% tariff on China, aimed at leveraging economic pressure to address illegal drug trafficking and migration issues. Vance emphasizes that these tariffs are a response to decades of exploitation by these countries, asserting that the U.S. is done being taken advantage of economically. The conversation highlights Trump's negotiation tactics, suggesting that the tariffs are a means to compel Canada and Mexico to cooperate on border security. Vance notes that Mexico has historically facilitated drug trafficking and illegal migration, and the tariffs serve as a wake-up call for these nations to improve their policies. Rubin and Vance also touch on the reactions from Canada, where Prime Minister Justin Trudeau announced retaliatory tariffs, but Rubin argues that Canada needs the U.S. more than vice versa. They discuss the broader implications of these trade policies and the potential for economic shifts in response to Trump's actions. Additionally, they mention the recent agreement with Mexico to deploy soldiers to the border to curb illegal migration, showcasing the immediate effects of Trump's tariff threats. The discussion concludes with reflections on the Democrats' struggles and the evolving political landscape, emphasizing the need for stronger border security and fair trade practices.
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