Asmongold TV - Trump is not backing down.. | Asmongold

Episode Date: July 7, 2025

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The right thing to do is what we're doing. We're going to get our jobs back, and we're not going to be left at. Now, I will say this, that already Canada, and I respect very much, as you know, there's a very strong man in Canada who said he was going to charge a surcharge or a tariff on electricity coming into our country. He has called, and he said he's not going to do that. Okay, not going to do that. And it would have been a very bad thing if he did. And he's not going to do this. I respect that. We've been treated very unfairly by Canada. We've been treated very unfairly by Mexico. But we've been treated very unfairly by every country all over the world.

The European Union is horrible, horrible. And we're going to get it back. And I have a choice. I could just coast. And eventually there'd be a blowup. Down the road, maybe a long way. But we have $36 trillion. And we're going to get it back.

We're the biggest. We're the best. And I'm very optimistic. I have to tell you, I'm very optimistic about the country. That was President Trump on the news that Ontario's Premier Doug Ford today backed off his threat of a 25% surcharge on electricity exports to Michigan, New York, Minnesota, after President Trump doubled his tariffs on Canadian steel and aluminum imports to 50%. Joining us now from the Senate Doge and Senate Budget Committee, he's a one-in-only Nebraska

Senator. Senator Pete Ricketts, Senator, we are so excited to have you on. Thank you so much for joining us. What is your take on this tariff fight? We're seeing high tariffs out of Mexico, Canada, and China, anywhere from 10% to even 50%. What do you make of this? We know the market's hitting turbulence.

America has been abused for years. Do you feel the White House the Trump team is communicating to the market's exactly what the problem is and what the end game is? What do you think? The Trump administration is being very clear. In fact, the president's been very clear. He's really got two uses for tariffs. one is to get countries to do what we want them to do.

That's the main one. Yep. For example, Canada. Not tired of winning. I mean, like, the thing is that, like, and I hope you guys know that I'm meming is that, like, I actually, I'm not a big fan of the aggression on Canada. Now, I think that, like, doing it, if, like, we're at a trade disadvantage, I think that's different. But, like, in terms of, like, an ideological perspective, like, I am not ideologically aggressive. towards Canada.

Like, just keep that in mind, right? Like, we meme about it, calling Canadians, future Americans, everything like this, right? But it's not really what I think. But it's funny. He wants to end the flow of fentanyl into our country. It's the singly biggest killer of our young people, age 18 to 45, 70,000 people a year die from it.

So it's one of the things the president's taking very seriously to end as well as illegal immigration. He also is looking to, level of playing field for American companies. The average way in tariff that we charge products coming into our country is one and a half percent. The rest of the world charges our products an average of six percent tariffs. And that means it's four times higher. So we want that get to that to be a level playing field. So our companies have a fair shot of exporting our goods and services over to places like Europe and so forth, as he's mentioned before. So he's got a strategy.

It's a little different depending on the country. But it's really about trying to make America more safe and more prosperous. It's really interesting. You just laid it out, Senator. And there's also this. You know, the Trump team, they're trying to detox the economy off of Biden's historically massive government overspending plus fed money printing. They're trying to get back to above Joe Biden's weak, 2% annual growth.

They're trying to do deregulation, unleash U.S. energy, unleash U.S. manufacturing, make the tax cuts permanence, and stop the flood of illegal aliens pressuring this system. We can't run $2 trillion annual deficits anymore. They really want you to take a reaction and listen to press secretary Caroline Leavitt today. Listen to what she said. Watch. Merck has opened a $1 billion facility at its North Carolina site. This is just the latest pharmaceutical company to boost its U.S. manufacturing in lieu of President Trump's tariffs. This announcement follows Eli.

It's really funny because like after he's talking about $500 and like $400 billion and like trillion dollars, I'm thinking like a million, a billion dollars. I'm like, oh, bro, like, these guys are like, like who, yeah, they're not even trying. Lily's plans to invest at least $27 billion. Oh, wow. New manufacturing plants here in the United States. And Pfizer has also said it's considering moving their manufacturing overseas right here to the United States of America. As the president has said over and over again, when we purchase products made in the USA, the profits stay here, the revenue stays here. and most importantly, the jobs stay here.

And despite the globalist mainstream media's attempt to worry consumers, President Trump will not repeat the trend of... I mean, this girl is really nice, but I do think sometimes about how crazy it would be if Alex Jones was the press secretary. That would be amazing. Past American presidents who broke their promises to the American public and smiled while they stuck a knife in the back of American workers

and shipped their jobs overseas. That's tough talk. What do you make of this? Show the list of companies talking about expanding in the U.S. The media and Democrats are saying, well, these are just promises they're not real. What are you hearing? My experience with President Trump is that he gets people to deliver on what they say they're going to do or else they pay a consequence for it. And so I would expect these investments are going to be very, very real and it will create American jobs.

And again, it gets back in line with President Trump's goal of creating more prosperity here in America. You know, the president talks about how we've been treated unfairly by the rest of the world. And again, I just gave you the stats on the tariffs. And what he's trying to do is level that playing field, get the investment back here in this country so that we can create the jobs here. And by the way, this is also important for national security that we diversify our supply chains out of places like communist China.

We can't have all our pharmaceuticals being made there. We saw what happened during the pandemic. This is also about national security as well as our prosperity. That's a really important point. Yeah, there's a lot of people that think that anything made in China has like a secret Chinese bomb and attach. to it and that if we ever go to war with China, China will just detonate the

bomb and blow up everybody's computer. Yeah, no, and it doesn't? Well, no, I'm serious. There's a lot of people that think this. Like the fucking, uh, the beepers thing. Seriously. Like, Asbalah, yes. I'm not talking enough about what you just mentioned,

Senator, really important. You know, we want to talk about Wall Street. Israel literally does that. Asbalon. They did. I did. I mean, Saxoan economists talking about recession. And then we see, other market pros saying no recession. Trump's doing a reset. It feels like Reagan 1881. We have strong payrolls, strong consumer spending it around 3 or 4%. Wall Street pros think the stock market bottom is pretty close. That this market action that we're seeing, Senator, usually happens late in the downside. It's very oversold.

We had an ugly rotation out of big tech into Safe Haven plays. We saw that happen in the tech bubble burst in 2000. The rest of the market did fine back then. Can you talk to us about how this feels like Reagan, 1981? Slow-sacflationary growth, government overspending, and then the Reagan tax cut senator. Absolutely. There's a great analogy here. I was just a kid back in 1981. But we can see what happens when you deregulate the economy and you bring your taxes down. We saw it during the Reagan administration, and we saw it during the first Trump administration.

President Trump caught, I think, eight regulations for every one he put in place because he understands that small businesses are the ones that create most of jobs, and they have the hardest time handling regulation. And if you look at, for example, the NFIB's Small Business Index on their attitude toward the economy, it's very optimistic. It had the biggest jump in optimism in its history, and it's still very high. So when you see small businesses being optimistic about the future, you can bet that they're going to revake the investments and creating jobs. That's a great thing.

Well, that was a very informative interview. Senator Pete Rickettsack was terrific. We hope you take the time to come back on soon. That was great. Thank you so much for being with us. It's good to see you. Great. Man, stock market's not the economy, by the way. Well, I mean, it's important, right?

But, like, it's not the only thing, of course. But, like, yeah, I wonder what's going to happen with all these countries. Sorry, when all these countries have, all these, sorry, these companies have their, like, their stuff here. And it's all automated. Because I think this is what's going to happen. I feel like a lot of these factories, like, they're actively. trying to do this as fast as they possibly can to like automate this as quickly as possible. So that's what I'm kind of, contribute.

Okay, guys. Yeah, Trump mentioned that. Yeah, I don't know what's going to happen with it because personally, I think that could be a huge thing. Because like you're going to have all these people and putting their money out there for this. And they're kind of like, yeah, UBI gig economy. Yeah. No, I feel like this has been a huge issue. And it's just going to keep getting more extreme.

dream. And UBI, no, they're speed running UBI. I think that they are too. Personally, I am a very big advocate of UBI. I think it's going to happen and I think it will have to happen. The only way that it doesn't happen, this is the other way it cannot happen, is if they take everybody that's poor and they put them in jail, that's the only thing that they can do. Yeah, what's UBI? Yeah, take all of the poor people like half of the people and they put all of in jail. And what's UBI? Universal Basic Income. They already do that? Yeah, but like not as not as much as they could be, right? I mean, they could be doing a much better job.