The Daily Signal - Over 50 World Leaders Attempt to Negotiate with Trump Over Tariffs | April 7, 2025

Starting point is 00:00:00 Ella McKay, coming to theaters December 12th. Your father's here. Why? A heartwarming new comedy from James L. Brooks. I'm a different person. I have never been in my life out this way about any other woman. Jesus! I wasn't counting your mother! It's a perfect holiday comedy about an imperfect family. You can use a screen, Ella.

Starting point is 00:00:18 Starring Emma Mackey, Jeannie Lee Curtis, Camel Nanziani, Iowa Debery, with Albert Brooks and Woody Harrelson. You should do that every afternoon. Ella McKay. World leaders rush to speak with President Trump as oil prices plummet, forecasting a rough Monday market. Trump's administration hits the Sunday shows to defend his tariff policies, and for the first time in history, two men are facing each other in a women's championship. I'm Tony Kinnett from the Daily Signals Tony Kinnett cast, syndicated nationally at 7 p.m. Eastern.

Starting point is 00:00:49 It is Monday, April 7, 2025. This is the Daily Signal's top news in 10. Yesterday, a White House official stated that more than 50 countries' leadership and delegation groups have contacted the White House in order to start trade talks. I got a report from the U.S.T.R. 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. And so I don't think that you're going to see a big effect on the consumer in the U.S. 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,

Starting point is 00:01:32 say in China. While we don't have a list of the 50 countries yet, we can assume that it includes countries like Vietnam, who yesterday morning offered to remove all tariffs on the United States after the Trump tariffs took effect. Taiwan yesterday morning suggested similar actions and again pledged additional investment in the United States technology infrastructure manufacturing sector. India and Israel have also suggested that they would begin lowering tariffs immediately and not retaliating against the United States in any way. Prime Minister Bebe Netanyahu of Israel landed in the United States yesterday for a series of talks with President Trump that are most likely about trade negotiations, but also about the possible strike on Iran. After several armament groups have been seen moved into southern Israel over the weekend,

Starting point is 00:02:22 missile defense systems, the Iranian government has put several other nations on alert, suggesting that a possible strike might be imminent. And speaking of the Middle East, as well as Donald Trump's tariff policies, Brent and WTI crude oil crashed yesterday as markets opened in Asia, with economic experts predicting that today could in fact be one of the rougher days for the stock market since the stock market crash in October of 1987, colloquially known as Black Monday. On Meet the Press, Treasury Secretary Scott Besant praised the oil prices coming down over 15% over the weekend, suggesting that this impacted Americans much more than the stock market does. Chris, what I like is data. And if we look at data from President Trump's first term,

Starting point is 00:03:12 and there's a big study that just came out from a group of economists, mostly at MIT, that showed that a 20% 20% tariff on China led to a 0.7% tax or price level increase over four years. I think that's pretty good. If we can take in 20% in tariffs

Starting point is 00:03:33 and it's a 0.7% increase. And Kristen, the little publicized story this week, everyone wants to look at the stock market going down. You know what else went down? Oil prices went down. almost 15% in two days, which impacts working Americans much more than the stock market does. Interest rates hit their low for the year, so I'm expecting the mortgage applications to pick up.

Starting point is 00:04:00 Well, just to be very clear, though, I mean, during President Trump's first terms, the cost to Americans was nearly $80 billion in new taxes due to his tariffs. Prices did go up on everything from washing machines to tires. Well, no, no, no, but let's go back. The aggregate number was 0.7. So we can discern the individual things. Also, households saw real net wages go up. So if wages go up faster than prices, which is not what happened over the past four years, that's why the bottom 50% got eviscerated.

Starting point is 00:04:39 While Scott Bessent was on Meet the Press, Secretary of Commerce Howard Lutnik was on CBS News Face the Nation with Margaret Brennan, making the case that Americans needed the national security of medication production, as well as steel and aluminum production in the United States, which was essential through this particular tariff policy and restoring manufacturing back to the United States. Check it out.

Starting point is 00:05:04 I've got to realize this is a national security issue. I mean, we don't make medicine in this country anymore. We don't make ships. We don't have enough steel and aluminum to fight. a battle, right? All our semiconductors are made overseas, so every button we press when we try to start our car or even use our microwave. These are all semiconductors. They're all made elsewhere. We've got to start to protect ourselves, and we've got to stop having all the countries of the world ripping us off. We have a $1.2 trillion trade deficit, and the rest of the world has a

Starting point is 00:05:36 surplus with us. They're earning our money. They're taking our money. And Donald Trump has seen this, and he's going to stop it. So, It is going to be a big change. Of course it's going to be a big change, but the rest of the world has been ripping us off for all these many years. Donald Trump has seen it. He's spoken about it.

Starting point is 00:05:53 I understand that. And he's just not going to take it anymore. And that's it. At Desjardin, we speak business. We speak startup funding and comprehensive game plans. We've mastered made-to-measure growth and expansion advice. And we can talk your ear off about transferring your business when the time comes.

Starting point is 00:06:10 Because at Desjardin business, we speak the same language you do. business. So join the more than 400,000 Canadian entrepreneurs who already count on us and contact Desjardin today. We'd love to talk business. His model. The most controversial exchange yesterday, though, was when Commerce Secretary Lutnik suggested that the millions and millions of human beings screwing in little screws to make iPhones would be coming to America. And then Brennan pressed back talking about automation instead of factory workers. Check it out. Great American workers. You know, we are going to replace the armies of millions of people. Well, remember, the army of millions and millions of human beings, screwing in little

Starting point is 00:06:56 screws to make iPhones. That kind of thing is going to come to America. It's going to be automated. And great Americans, the trade craft of America is going to fix them, is going to work on them. They're going to be mechanics. There's going to be HVAC specialist. There's going to be electricians. the trade craft of America are high school educated Americans. The core of our workforce is going to have the greatest resurgence of jobs in the history of America to work on these high-tech factories, which are all coming to America. That's what's going to build our next generation of America. The president of the United States also defended his tariff policies aboard Air Force One

Starting point is 00:07:35 yesterday, suggesting that he is open to negotiation, but only if it is in the service of solving the trade deficit with other nations. I do want to solve the deficit problem that we have with China, with the European Union and other nations. And they're going to have to do that. And if they want to talk about that, I'm open to talk it.

Starting point is 00:07:56 But otherwise, why would I want to talk? And as you know, because of the tariffs, we have $7 trillion already committed to be invested in the United States, building auto plants, building chip companies, and All sorts of companies are coming into our country at levels that we've never seen before.

Starting point is 00:08:17 Biden had nothing coming in. This was a dead company with, this was a dead country with Biden. He didn't know what he was doing. And that's now been proven at last year. The president did push back against one question made by a reporter about the willingness to reach a certain point of pain in the stock market. Here's how the president responded. Their pain in the market at some point are unwilling to tolerate this idea of a Trump, Is there a threshold?

Starting point is 00:08:43 I think your question is so stude, but I think it's a, I don't want anything to go down. But sometimes you have to take medicine to fix something. And we have such a horrible, we have been treated so badly by other countries because we had stupid leadership that allowed this to happen. They took our businesses. They took our money. They took our jobs. They moved it to Mexico. They moved it to Canada.

Starting point is 00:09:10 They moved a lot of it to China, and it's not sustainable. We're not going to do it. Now we have hundreds of billions of dollars this pouring into our country on a monthly basis. It's pouring. It's already started because they put tariffs on. And eventually it's going to straighten out, and our country will be solid and strong again. And for the first time in world history, two biological men faced each other for a women's championship title at the Ultimate Pool Women's Pro Series event two in Wings. in the United Kingdom. Harriet Haynes and Lucy Smith, both trans-identified males, otherwise known as

Starting point is 00:09:47 dudes in skirts, beat all of the female competitors to take the spots in the women's final event. For an issue that some like Representative Jasmine Crockett have called extremely rare and not really an issue, considering that there are so few that desire to compete in women's sports as biological men. According to them, the trans kids that want to play the sports. Lord have mercy, that is the biggest issue that we, had since when, since when? Find the little trans child that is ruining your life. It is interesting how quickly some of these men are reaching the championship matches in these women's divisions. Before you go, check out the description to make sure you're subscribed to the Tony Kennet cast, where a little bit later today we'll be talking with Adam Coleman in his new

Starting point is 00:10:37 book out about the epidemic of fatherlessness and how families who have gone through extremely horrible circumstances can rebuild and make life better for kids of the following generation. It's a really good conversation. Please don't miss it. I'm Tony Kinnett, and this has been The Daily Signals. Top News in 10. Take care.

The Daily Signal - Over 50 World Leaders Attempt to Negotiate with Trump Over Tariffs | April 7, 2025

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