America's Liberation Has Begun | Episode 14
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What is 'Liberation Day' and what are its implications?
President Trump with a massive announcement yesterday at the White House. Liberation Day for the United States of America. Of course, hysteria in the media and in some cases the markets today. We'll talk about all of the impacts, what they mean. I've got an expert assessment coming up in just moments you do not want to miss and you're probably not going to find anywhere else. Stay with us here on Vince for that. Great to talk to you this morning. A massive audience already piling in on rumble.com slash Vince. Thank you for that. More in a lot, more in a moment here on the show. Look, I don't know your exact situation, but if you're like the thousands of homeowners American financing talks to every month, you're struggling to keep up, barely making ends meet, drowning in high interest debt. It's not your fault. Life just got more expensive. Inflation hit hard. If you're still carrying credit card balances with 20% or more interest rates while your mortgage sits untouched,
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Operation Day in the United States of America. That's what President Trump announced from the White House yesterday, a big speech where he showed all of the ways that countries have been imposing financial penalties on the United States. Now, the big conversation was these would be about reciprocal tariffs, countries imposing tariffs on us and us responding in kind. It is, I'll admit, a little more complicated than that. And we'll get into the details on that in a moment. But first, take a look at President Trump holding up the big chart of the ways he says other countries are taking advantage of the United States.
We didn't want to bring out the big charts because it had no chance of standing. Fortunately, we came armed with a little smaller chart. So it's 67%. So we're going to be charging a discounted reciprocal tariff of 34%. I think, in other words, they charge us, we charge them, we charge them less. So how can anybody be upset? They will be because we never charge anybody anything. But now we're going to charge. uh european union they're very tough very very tough traders uh you know you think of european union very friendly they rip us off it's so sad to see it's so pathetic 39 we're going to charge them 20 so we're charging them essentially half vietnam great negotiators great people They like me, I like them. The problem is they charge us 90%.
We're going to charge them 46% tariff.
All right, the president of the United States laying out all of these tariffs that we will be levying against these countries. Now, to be specific, when does this happen? Well, by this weekend, a 10% flat tariff to happen across the board for all of these countries around the planet. And then next week, you saw those tariffs that the president was talking about. Next week, Wednesday, is when they all come into place. For more on what exactly we just saw and the impact it's going to have on the country, I want to bring in Oren Kast now. He's the chief economist for American Compass. Oren, good to see you here, sir. Great to see you. Thanks for having me. Glad you're here to talk about all this. Now, I've seen a lot of hysteria about this.
This is going to impoverish us. This will destroy the economy. What is he doing? This is a massive tax increase. And then meanwhile, I've been looking at your ex account and I've been seeing a lot of reasoned sobriety, which is actually President Trump's been talking about this for a long time. This isn't shooting from the hip. And there's a method to this madness.
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