Kevin Hassett
Appearances
The Ben Shapiro Show
Ep. 2184 - Is The Trade War ENDING?!
If you have no intention of firing Jerome Powell, because here, I think I'm surprised that Kevin Hassett, a few days ago, said that you and people in the White House were studying this idea of possibly being able to force Trump out. Do you have any plans on doing that?
The Ben Shapiro Show
Ep. 2175 - REBOUND or FALSE SPRING? Has The Market Hit Bottom?
And so he's doubling down on something that he knows works and he's going to continue to do that. But he is also going to listen to our trading partners. And if they come to us with really great deals that advantage American manufacturing and American farmers, I'm sure he'll listen. I've seen some deals that are great.
The Ben Shapiro Show
Ep. 2175 - REBOUND or FALSE SPRING? Has The Market Hit Bottom?
And the president Trump is President Trump is going to decide if they're great enough. But again, after decades and decades of mistreating American workers, it's going to be tough to get him to decide to really come to the table and sign on the dotted line. But when he does, he's going to sign with that big, long, beautiful signature, and he'll have made a great deal for America.
The Ben Shapiro Show
Ep. 2174 - WHAT COMES NEXT?! Trump’s Tariff War Continues…
We understand the Fed is an independent agency. We respect the independence of the Fed. But the president's allowed to have an opinion. Absolutely, the president's allowed to have an opinion. But there's not going to be any political coercion over the Fed, for sure.
The Ben Shapiro Show
Ep. 2174 - WHAT COMES NEXT?! Trump’s Tariff War Continues…
He's not trying to tank the market. He's trying to deliver for American workers.
The Ben Shapiro Show
Ep. 2174 - WHAT COMES NEXT?! Trump’s Tariff War Continues…
I got a report from the USTR last night that more than 50 countries have reached out to the president to begin a negotiation. But they're doing that because they understand that they bear a lot of the tariff.
The Ben Shapiro Show
Ep. 2174 - WHAT COMES NEXT?! Trump’s Tariff War Continues…
And so I don't think that you're going to see a big effect on the consumer in the US because I do think that the reason why we have a persistent long run trade deficit is these people have very inelastic supply. They've been dumping goods into the country in order to create jobs, say, in China.
The Ben Shapiro Show
Ep. 2174 - WHAT COMES NEXT?! Trump’s Tariff War Continues…
The reason that they were starting it in the last two months was they anticipated the tariffs that were announced this week, and they were starting to ramp up in anticipation of that. I would expect that the jobs numbers, and I'll come back and talk to you about it when they come out, are going to go up a million more now that the tariffs are in place.
The Ben Shapiro Show
Ep. 2174 - WHAT COMES NEXT?! Trump’s Tariff War Continues…
Obviously, an ongoing negotiation with Russia and Ukraine. And I think the president made the decision not to conflate the two issues. It doesn't mean that Russia, the fullest of time, is going to be treated wildly different than every other country.
The Ben Shapiro Show
Ep. 2143 - The True Faces Of Evil
Oh, absolutely not. Because imagine if we don't spend government money and we give it back to people, then if they spend it all, then you're even. But they're probably going to save a lot of it, in which case you're reducing inflation. And also, when the government spends a lot, that's what creates inflation. We learned that from Joe Biden.
The Ben Shapiro Show
Ep. 2143 - The True Faces Of Evil
And so if we reduce government spending, then that reduces inflation. And if you give people money, then they're going to save a bunch of it. And when they save it, then that also reduces demand and reduces inflation.
The Dan Bongino Show
President Trump The Businessman Strikes Again | Episode 22
I saw a flow chart, Larry, that just astonished me about semiconductor onshoring, where basically NVIDIA and Foxconn and about 50 partners that make the parts that go into the parts that go into the parts that are all thinking about how are they going to get that stuff to happen here in the U.S.
The Dan Bongino Show
President Trump The Businessman Strikes Again | Episode 22
And it's literally astonishing what people are doing with AI and everything else to design the onshoring. And I think it's going to happen way faster than people expect. And it's something that you can see when you see huge announcements like we've seen. It's in the trillions and trillions of dollars of onshoring that's going to happen really over the next year or two.
The Dan Bongino Show
President Trump The Businessman Strikes Again | Episode 22
Now, think about what that means in terms of just GDP growth, all that capital spending that's happening because of the onshoring of these tariffs. And so I think President Trump is right that we can bring this stuff onshore. And he's even more right today than he was in 2017 because with computers and AI, it's so much easier to move stuff from place to place.
The Dan Bongino Show
President Trump The Businessman Strikes Again | Episode 22
And with 3D printing and robotics and so on, it's astonishing what's happening.
The Glenn Beck Program
Senate Republicans Just Caved on Cutting Inflation | Guest: Daniel Horowitz | 2/21/25
President Trump has spoken about replacing income tax with tariff revenue, especially with all this waste, fraud, and abuse that we're seeing cut. Is that a possibility?
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
And in fact, if you think about the China tariff revenue that we're estimating is coming in from the 10%. that we just added, plus the de minimis thing, that it's between $500 billion and $1 trillion over 10 years is our estimate. And that's something that is outside of the reductions that markets are seeing through the negotiations up on the Hill.
The Glenn Beck Program
Best of the Program | Guest: Daniel Horowitz | 2/21/25
And so we expect that the tariff revenue is actually going to make it much easier for Republicans to pass a bill. And that was the president's plan all along.
The Journal.
An Eggspensive Dilemma
And so you go, I just went to the grocery store. I shop for our family in part because I love to look at prices. And there were no eggs at the store yesterday, just a few.
The Journal.
An Eggspensive Dilemma
And so what we need to do is have better ways with biosecurity and medication and so on.
The Megyn Kelly Show
Kash Patel Takes Over FBI, Hamas Hostage Outrage, and DOGE Refund Potential: AM Update for 2/21
Oh, absolutely not, because imagine if we don't spend government money and we give it back to people, then if they spend it all, then you're even. But they're probably going to save a lot of it, in which case you're reducing inflation. And also, when the government spends a lot, that's what creates inflation. We learned that from Joe Biden.
The MeidasTouch Podcast
MeidasTouch Full Podcast - 3/11/25
Well, we don't we're not sure exactly what happened, but there was a massive cyber attack to try to bring down the X system with IP addresses originating in the Ukraine area. Well, so that's your suspicion, is it?
The MeidasTouch Podcast
MeidasTouch Full Podcast - 3/11/25
Near term, we've got a Biden economy that still most of Biden policies are in place. If you look at the Atlanta Fed GDP now number, it's showing negative first quarter, which is kind of, if you like, a metric of the inheritance of President Biden.
The MeidasTouch Podcast
MeidasTouch Full Podcast - 3/11/25
A lot of that is also from a big increase in the trade deficit, which, as you know, and you've been covering, Joe, is happening in part because people are anxious about future tariffs. And so they're stockpiling. And so that's a very, very temporary phenomenon.
The MeidasTouch Podcast
Trump Goes Nuts in Public as Walls Close In
Well, what he said is hurting the economy. The market reacts to what he said. Now, he only has a short amount of time left in this job, and I think there's some excellent people who could take this job going forward. But remember what President Trump has already done, if you want to look at pure economics. He's getting people to invest billions of dollars in America because of his policies.
The MeidasTouch Podcast
Fox News Crashes Hard on Live TV as Trump Tanks Fast
It gets rocky during the courtship. You know, marriages have tough patches. No. Yes. I've never heard that. Yes, yes. We're not dating the U.S. And Canada and the United States are married. A little tough patch in the marriage. It's going to get worked out. A little marriage counseling. Yeah.
The MeidasTouch Podcast
Fox News Crashes Hard on Live TV as Trump Tanks Fast
Everybody loves each other.
The MeidasTouch Podcast
Fox News Crashes Hard on Live TV as Trump Tanks Fast
But to the point about Elon, it's one more illustration of what a good guy he is. And people who don't like Elon have never met Elon Musk. I mean, he is truly one of the most gentle creatures and sweet men, really, that he's been around. He's exceptional in so many ways. It's hard not to see him as something different than the rest of us because he is different than the rest of us.
The MeidasTouch Podcast
Fox News Loses Control on Live TV as Trump Gets Worse
Well, the scaremongering is happening now, but I can tell you that I get real-time data every day on whether there are shortages, and I can report that there are still plenty of things on the shelves. There were a couple of weeks where shipping from China was lower, but now shipping from a lot of other countries is going way, way up.
The MeidasTouch Podcast
Fox News Loses Control on Live TV as Trump Gets Worse
So people don't have to be worried about what the scaremongers are saying. These policies are onshoring jobs, onshoring production. You can see it in the jobs data. You can see it in the explosion in manufacturing jobs already, even before the tariffs came in.
The MeidasTouch Podcast
Fox News Loses Control on Live TV as Trump Gets Worse
The way to think about it for me, Laura, is that President Trump did something last time, looked and saw that it really worked, and now he's doing more of it a little bit bigger. But that's what you should do. You should do something, see if it works or not, and then change. And that's what he's doing. He's ramping up the ante because he saw that it worked in the past.
The MeidasTouch Podcast
Fox News Loses Control on Live TV as Trump Gets Worse
I won't comment directly on Jay Powell, but I do know that there is a committee at the Fed right now that's been appointed mostly by Biden people. And they have a worldview that's inconsistent with the facts of the previous term.
The MeidasTouch Podcast
Fox News Loses Control on Live TV as Trump Gets Worse
Don't forget, when we had the Tax Cuts and Jobs Act that created the explosion in wages, the reduction in income inequality, the massive explosion in jobs, all the time the Fed said this is going to be inflationary. And it wasn't.
The MeidasTouch Podcast
Fox News Loses Control on Live TV as Trump Gets Worse
Well, first, we respect the independence of the Fed, but I don't always agree with Chairman Jay Powell on policy. And I still, as I said before in the last few weeks after the president talked about the Fed again, that I'm dismayed that they've got bad economic modeling of what might happen to tariffs.
The MeidasTouch Podcast
Fox News Loses Control on Live TV as Trump Gets Worse
They said, you know, if you look at the Wall Street folks, they're saying that the tariffs are going to crater the economy. Meanwhile, we got really strong jobs and we don't have the inflation that they said was going to happen.
The MeidasTouch Podcast
Fox News Loses Control on Live TV as Trump Gets Worse
And so to have the Fed out there job-boning against the president's policies, they didn't do that when Joe Biden was printing money and spending it and creating 20% inflation. And so it just makes me wonder about what's wrong with their models or what's wrong with their politics.
The MeidasTouch Podcast
Fox News Crashes On Air as Trump Screws Them
100% not, 100% not. If you look at the jobs numbers, they're very, very strong. When I talk anecdotally to CEOs, I say things like, well, geez, is the uncertainty over tariffs looking like it's going to be a big drag? They're saying things like, no, in terms of production, we're getting as much onshore as we can.
The MeidasTouch Podcast
Fox News Crashes On Air as Trump Screws Them
And in terms of sales of foreign goods, people are buying as many as they can because they're worried about future tariffs. So everything's through the roof.
The MeidasTouch Podcast
Trump Has Disaster Sunday as His Regime Scrambles
There's obviously an ongoing negotiation with Russia and Ukraine, and I think the president made the decision not to conflate the two issues. It doesn't mean that Russia, the fullest of time, is going to be treated wildly different than every other country.
The MeidasTouch Podcast
Trump Has Disaster Sunday as His Regime Scrambles
They're in the middle of a negotiation, George, aren't they?
The MeidasTouch Podcast
Trump Has Disaster Sunday as His Regime Scrambles
Yeah, the bottom line is the president has been talking about tariffs for 40 years. And this has been absolutely the policy that he's focused on in the campaign and throughout his political career.
The MeidasTouch Podcast
World Leaders Put the Screws in Trump as He Secretly Begs
Good to be back on the program, Sarah.
The MeidasTouch Podcast
World Leaders Put the Screws in Trump as He Secretly Begs
Well, I think it's really important, Sarah, just to step back a little bit and understand that the America we're dealing with since the 20th of January is a vastly different America from the past and, in fact, significantly different from the period of Trump 1.0, the first Trump administration.
The MeidasTouch Podcast
World Leaders Put the Screws in Trump as He Secretly Begs
This administration is more nationalist on questions of foreign policy, more protectionist on trade policy, and much more transactional in its overall approach to international negotiations. We've seen that very much reflected in the way in which the administration's approached these tariff negotiations as well.
The MeidasTouch Podcast
World Leaders Put the Screws in Trump as He Secretly Begs
These are deep-seated fundamental changes in this different America which every one of the 36 countries who negotiated tariff exemptions on steel and aluminium last time round back in 2017 have had to contend with this time round.
The MeidasTouch Podcast
World Leaders Put the Screws in Trump as He Secretly Begs
You're right to say that with Secretary Lutnick I've had considerable and ongoing discussions right through the end of last week, in fact starting a little earlier than that, and through into the early days of this week. These have been straightforward, hard, direct, and I think the Secretary understands full well Australia's negotiating position, which is
The MeidasTouch Podcast
World Leaders Put the Screws in Trump as He Secretly Begs
We are long-standing free trade partners with the United States. We impose zero tariffs against any American export. We've never had a trade surplus with America. And on top of that, America has a two-to-one surplus against us. Those arguments, at this stage at least, have not prevailed.
The MeidasTouch Podcast
World Leaders Put the Screws in Trump as He Secretly Begs
Well, remember these Lutnick negotiations as Secretary of Commerce have come on the back of a whole process kicked off by the Prime Minister's conversations with the President on the telephone the day after he got elected. and again last month in February where he laid out the framework for our negotiations on tariffs and trade.
The MeidasTouch Podcast
World Leaders Put the Screws in Trump as He Secretly Begs
And since then we've had a series of negotiations involving Ministers Wong, Minister Chalmers, the Treasurer,
The MeidasTouch Podcast
Yikes! Republicans Blow Up on Live TV over Trump Crash
And so President Trump has a long run vision of a golden age of America and we're working really, really hard to get it out there in time. But I can't give you any forward looking guidance on what's going to happen this week. The president has got a heck of a lot of analysis before him and he's going to make the right choice, I'm sure.
The MeidasTouch Podcast
Trump Goes Silent After Market Tanks
Near term, we've got a Biden economy that, you know, still most of Biden policies are in place. If you look at the Atlanta Fed GDP now number, it's showing negative first quarter, which is kind of, if you like, a metric of the inheritance of President Biden.
The MeidasTouch Podcast
Trump Goes Silent After Market Tanks
A lot of that is also from a big increase in the trade deficit, which, as you know and you've been covering, Joe, is happening in part because people are anxious about future tariffs. And so they're stockpiling. And so that's a very, very temporary phenomenon.
The MeidasTouch Podcast
Trump Panics on Monday AM as He Can't Stop His Crash
Near term, we've got a Biden economy that, you know, still most of Biden policies are in place. If you look at the Atlanta Fed GDP now number, it's showing negative first quarter, which is kind of, if you like, a metric of the inheritance of President Biden.
The MeidasTouch Podcast
Trump Panics on Monday AM as He Can't Stop His Crash
This person is disrespecting you by attacking Ukraine. Who? This person is disrespecting you by attacking Ukraine.
The MeidasTouch Podcast
Trump Panics on Monday AM as He Can't Stop His Crash
A lot of that is also from a big increase in the trade deficit, which, as you know, and you've been covering, Joe, is happening in part because people are anxious about future tariffs. And so they're stockpiling. And so that's a very, very temporary phenomenon.
The MeidasTouch Podcast
Trump Has Disaster Monday AM as Shock Sets In
Bill, yeah, you know, I think that the president is going to decide what the president is going to decide. There are more than 50 countries in negotiation with the president. We've got the prime minister of Israel coming today. We've had a reach out overnight from Taiwan. But I would urge everyone, especially Bill, to...
The MeidasTouch Podcast
Trump Has Disaster Monday AM as Shock Sets In
ease the ease off the rhetoric a little bit the fact is that uh uh say 10 baseline tariff is uh on what 14 of gdp that's about how much trade we have how many imports and so 86 of gdp is affected by the deregulation and the tax cuts and everything else and even if you think and and i think a lot of us at the white house think that these are uh these economic responses are exaggerated by critics.
The MeidasTouch Podcast
Trump Has Disaster Monday AM as Shock Sets In
Even if you think that there will be some negative effect from the trade side, that's still a small share of GDP. So the idea that it's going to be a nuclear winter or something like that is completely irresponsible rhetoric.
The MeidasTouch Podcast
Panicked White House Holds Disaster Mid-Day Briefing
I think our objective is to make sure that the employees that we pay are being productive and effective. And there are many, many, more than 100,000 people working to collect taxes and not all of them are fully occupied. And the Treasury Secretary is studying the matter and feels like 3,500 is a small number and probably can get bigger, especially as we improve the IT at the IRS.
The MeidasTouch Podcast
Panicked White House Holds Disaster Mid-Day Briefing
And so I think that it's absolutely something that is on the table for good reasons. And the point is that
The MeidasTouch Podcast
Panicked White House Holds Disaster Mid-Day Briefing
don't just talk about the rs talk about all of government that there are so many places i live in dc you maybe live in dc where you never there nobody nobody's going to the buildings uh people aren't commuting because nobody's doing their job we look back and we see that there are all these people doing two jobs while they're getting a government payroll on the payroll so the point is we're fixing that and the rs is a small part of that picture so you're saying that everybody who
The MeidasTouch Podcast
Panicked White House Holds Disaster Mid-Day Briefing
So we're addressing inflation. We didn't have to address it in the first term because it was always in the ones, almost always. But we're going to get it back there. And how are we doing it? Well, we're doing it with a plan.
The MeidasTouch Podcast
Panicked White House Holds Disaster Mid-Day Briefing
that president trump and i and others have talked about in the oval that involves like every level of fighting inflation first the macroeconomic level we're cutting spending we're cutting spending in negotiations with people on the hill we're cutting spending with the advice of our i.t consultant elon musk and then we're also looking into supply side things like restoring trump's tax cuts
The MeidasTouch Podcast
Panicked White House Holds Disaster Mid-Day Briefing
Absolutely. And in fact, if you think about the China tariff revenue that we're estimating is coming in from the 10 percent that we just added, plus the de minimis thing, that it's between 500 billion and a trillion dollars over 10 years is our estimate. And that's something that is outside of the reductions that markets are seeing through the negotiations up on the Hill.
The MeidasTouch Podcast
Panicked White House Holds Disaster Mid-Day Briefing
And so we expect that the tariff revenue is actually going to make it much easier for Republicans to pass a bill. And that was the president's plan all along.
The MeidasTouch Podcast
Panicked White House Holds Disaster Mid-Day Briefing
Oh, absolutely not. Because imagine if we don't spend government money and we give it back to people, then if they spend it all, then you're even. But they're probably going to save a lot of it, in which case you're reducing inflation. And also when the government spends a lot, that's what creates inflation. We learned that from Joe Biden.
The MeidasTouch Podcast
Panicked White House Holds Disaster Mid-Day Briefing
And so if we reduce government spending, then that reduces inflation. And if you give people money, then they're going to save a bunch of it. And when they save it, then that also reduces demand and reduces inflation.
The MeidasTouch Podcast
MeidasTouch Full Podcast - 4/4/25
Sure. What people should know about this is that President Trump ran on this because he has a positive vision of a golden age of America where the jobs come back, the jobs that a formerly sensible Speaker Pelosi talked about just now. Seriously? Seriously.
The MeidasTouch Podcast
MeidasTouch Full Podcast - 4/4/25
There's nothing crazy about this policy. In fact, this is a policy that was tried and was effective in the United States for 150 years. And in fact, I think the first law passed in the US or one of the first laws was it was a tariff. And so this is a tried and true strategy. And, you know, I absolutely do not think there's anything crazy about a tried and true strategy is what he's saying.
WSJ What’s News
Market Turmoil Deepens as Trump Stands By Tariffs
But if U.S. consumers are bearing the costs, there's no reason for the countries to be angry. So the fact is the countries are angry and retaliating. And by the way, coming to the table, I got a report from the USTR last night that more than 50 countries have reached out to the president to begin a negotiation. But they're doing that because they understand that they bear a lot of the tariff.