What the Trump's Tariffs Mean for You, Today and For The Future
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What are Trump's tariffs and why are they important?
Hey everybody, I know the market is down. What does that mean for you? It's happening, but will it stay down? Is it going to go back up? President Trump is trying to rebalance the global economy with tariffs. It is a risky move, one that voters voted for. We discuss. Email us as always, freedom at charliekirk.com. Subscribe to our podcast at the Charlie Kirk Show podcast page and become a member today, members.charliekirk.com. That is members.charliekirk.com. Buckle up, everybody. Here we go.
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How are the stock markets reacting to the tariffs?
Wall Street Journal, stocks suffer steepest slide since 2020. Tariff shock waves circle the globe. The stock market does matter. 62% of Americans have something that they have worked hard for in the stock market. It should not be diminished. It should not be minimized. Now, markets did know that this was coming. Markets knew that there was going to be some sort of a recalibration. There was going to be some sort of a hiccup, and you're seeing it and experiencing it. President Trump ran on tariffs, and let me bring you into the room of the calculus. He knows that he wants to do tariffs to get better trade deals and rebalance the deficit. If he knows he has to rebuild American manufacturing on one side, and he also simultaneously knows that he is going to have the greatest liberator of economic growth, which is tax cuts and deregulation, which one would you do first? Would you do the tough stuff first or the easy popular stuff first?
So President Trump, knowing he has to do tariffs and that people voted to have him do tariffs to reindustrialize the country and onshore jobs, he said and has decided to do the tough fight first. Get it out of the way. Shock and awe. Now, out of all the tariffs that President Trump has applied, the ones on China are the are. the most bold of them all. The boldest, I should say.
What is the impact of tariffs on China and the global economy?
You see, the Chinese Communist Party could very well go into an economic depression over this. Now, whether or not we will go into a recession, we will see. But the Chinese Communist Party is so reliant and so dependent, they are so married to the American market that they require... unfettered free trade, even though we do not have free trade with the Chinese Communist Party. We are not able to open our banks in China. Many of our goods and services and our products, we're not able to import many of our vehicles. It is not a reciprocal market. Every U.S. tech company is restricted in China. Out of all of the tariffs that President Trump has issued, the one that is making the markets the most jittery, the one that is making the markets most nervous is China.
The Chinese Communist Party is showing its hand. They know that this could mean. The end of the current Chinese Communist Party uptick over the last 25 years. They know it. They sense it. And they feel it. But understand the sequence of events because what's coming after this is going to be almost nothing but good news. You start with the tariffs. And then what is coming next? Deregulation. Drill baby drill. Oil permits. And then no tax on tips. No tax on Social Security, extending the Trump tax cuts, major middle class tax cut, heavy machinery depreciation. So you start with the stuff that is going to kind of be a little bit of a gut punch to the markets, and then you build your way up from there.
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Chapters
7 chapters
1
What are Trump's tariffs and why are they important?
0:00–1:29
2
How are the stock markets reacting to the tariffs?
1:29–3:14
3
What is the impact of tariffs on China and the global economy?
3:14–6:33
4
What is the long-term strategy behind the tariffs?
6:33–14:30
5
How are tariffs affecting the U.S. manufacturing sector?
14:30–16:23
6
What moral questions do tariffs raise about the economy?
16:23–19:51
7
What role does delayed gratification play in economic policy?
19:51–33:33
Speakers
3 identifiedMore from The Charlie Kirk Show
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