Bill O’Reilly’s No Spin News and Analysis - Trump's Tariffs: The Fallout and Media Response

Episode Date: April 4, 2025

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Number one based on publicly available data on competitors' customers. Plans vary. SMS available as ad-on. Visit MailChimp.com. So this tariff thing, everybody is upset, everybody is angry, everybody is fearful, and the good reason. I'm not going to tell you to calm down or anything like that because I don't know how this giant trade war planet wide is going to shake out.

I don't know. And usually I do know, which is why you guys take the time to listen to what I have. to say. I have no idea. I do know why it's happening. And we went over that on the no-spin news, my television broadcast, but just briefly, the United States getting hosed in trade deals since the end of World War II. No president has taken it on because it's far too risky. So much downside in trade wars that from Harry Truman to Joe Biden, everybody ignored it. And we can't sell our cars on an equal basis anywhere in the world. We can't sell our agricultural products.

We can't sell stuff we make in our plants because countries put up these unbelievable barriers and not just tariffs, but they put up value-added tax. They put up regulations. Oh, we don't like that tire you had there on that Buick. you're going to have to take that back, or you're going to have to pay us to do something with that tire, that kind of stuff. Now, Trump understands the problem, and he laid it out fairly well, I thought, this week. But most people don't understand. They don't get it.

They don't know what tariffs are, and they don't care. What they care about is a stock market going down 5,000 points because they can see, I'm losing money. Or if prices go up. I don't know if prices are going to go up. The egg prices are down here on Long Island. Gas is down here. I don't know where you are if that's the case, but I don't know whether prices for essential goods in America are going to go up.

They might. But, you know, these prices are going to go up or they don't know. But overwhelmingly, the money. The media is negative toward anything that Donald Trump does. He cannot do anything that they will approve of. That kind of blitzkrieg every single day gets out into the minds of people who don't seek information like you are. You're seeking information from me, analysis from me.

You can take it or leave it. You're an American. But you're seeking it. You want to hear it. and we provide you fact-based analysis. And here is the fact that 80% of the corporate media hates Donald Trump, and no matter what he does, it's going to be bad. And that was on display with the tariffs this week.

Roll it. It is hard to overstate the potential impact of tonight's breaking news, and it's no exaggeration to say it has the potential to affect more lives and livelihoods in this country and around the world than, virtually anything short of wars and pandemics. Donald Trump has been on a quest to turn the United States relationship with our friend Canada, one of our closest allies on its head between his manufactured trade war and threats to make Canada the 51st state. His actions are so ludicrous and so deeply unpopular that they are prompting the booing of our national anthem at NHL and NBA games held in Canada over the last couple weeks.

President Trump calling it a declaration of economic independence. He calls it Liberation Day. It is almost certainly to liberate more money from your wallet. It's utter nonsense. The European Union charges the U.S. a 39% tariff. That's obviously preposterous. It's totally invented. We don't even know where that number comes from.

Yeah, we know. He's not going to tell you the truth no matter what. Okay. There's no way that man is going to tell you the truth. He's going to tell you that Trump is the devil, Republicans are bad, conservatives are this, MAGA is that, that's what he's paid to do. So, for example, if you want to send a Chevrolet to Germany, where the German car industry is one of their biggest, you've got Mercedes, BMW, you've got all of these cars, Audi, you want to send a Chevrolet over there,

German government says, okay, number one, you have to pay this amount to get the car into Dusseldorf or onboard or Berlin. Number two, they charge you a value added tax on that car. So say you sell the car for $70,000, we're going to take $15,000 of that. You're going to have to pay us, okay, for that. And we got regulation, so we don't like that bumper that you have on that Chevy, because the bumper is a little bit too wide for the Autobot, or anything. Okay?

This is what happened. So the cost goes up and up and up and up. Now, if you travel a world, and I have, okay, you don't see American cars, many of them in Europe. You don't see any in China, any in Japan, any. in South Korea or South Asia. You don't see any American cars in India. You don't see him in Pakistan. That is why when President Trump had his press conference this week saying, this is why I'm

doing this trade stuff, he had the United Auto Workers there backing them. Because the auto people know, we can't sell our cars abroad. Meanwhile, millions of Americans are buying, Mercedes, Toyota, Hyundai, you name it. Because the United States, our tariffs are much lower. So they can do it. They can bring those cars here, and Americans like those cars. And look, freedom of choice, freedom of choice, capitalism, capitalism. I don't want to wipe those cars out.

I have a GM car, I have a Cadillac, nine years old. It's the greatest car. I'm not getting rid of it. And it looks good. I keep it in good shape. And it's got a tape deck in it. Try to find a tape deck these days. So it doesn't affect me.

I'm not buying some dopey Mercedes. And here's why I won't buy Mercedes in particular. Mercedes company propped off Adolf Hitler. They were big. Big on the furor and armaments and getting him around. Never paid a price. Never. I know. I wrote, killing the SS. I know what they did. Never get a penny of my money.

That's an aside. Okay, so when you have a dishonest media, as we have in the United States, that no matter what Donald Trump does, it's evil, it's bad, it's corrosive, it'll hurt you. Deporting criminal aliens? No. We'll find four. non-criminal aliens that have been deported, and we'll make that the page one story. Doge rooting out corrupt government spending, wasteful government spending? No. We'll demonize, okay, Elon Musk. We'll make him into the devil so that people put SWAT stickers on his Teslers.

That's what we'll do. So, deporting criminal aliens? Nah, we don't want that. Wasteful spending, we don't want to uncover that. DEI. How many millions of people haven't got it admitted to universities, colleges, or have been turned down for jobs because they weren't their right skin color or gender? How many? That has gone now. Oh, no, we got to bring that DEI back. Gotta have it. Got to have it. That evil Trump, racist. Oh, absolutely. You get my point, right?

Now, I've been in business 50 years. I'm not a conservative. I'm not a Republican. I'm a freest thinker. I want problem solvers. I'm a registered independent, but I am a journalist to the core. One of the best, and you know it. Okay?

I am the most successful nonfiction historical author in the world. In the world. Because my books are fact-based and my reporting is. accurate. I have never seen this level of corruption in 50 years. And here's why it matters to you. If the American people cannot get the truth, cannot see both sides of an issue, If they are shut out from that kind of access, they cannot make responsible decisions. They'll make decisions out of fear, out of ignorance, out of partisanship, out of rancor. Those are not healthy, good decisions.

And that's why the Founding Fathers set up the press in the hope that honest information would get to you. And it is not happening. One final note on the tariffs, I do not know whether they will work. I am taking it on the chin in the stock market like everyone else. But I'm not panicking. I understand why it's happening and I am rooting for the country. Not for President Trump, not for the Republican Party. I'm rooting for the country.

the more manufacturing that we can bring back to the United States, the more investment in this country, the better it is for all of us. Does that make sense?