The Keith Edwards Show - Trump Crossed The Line… Mr. Beast Made Him Regret It

Episode Date: April 9, 2025

Keith Edwards discusses the ongoing stock market crash triggered by Donald Trump's tariffs, noting how Mr. Beast pointed out that while he can easily move operations abroad, many small business owners are struggling to survive under the rising costs. He also criticizes Trump advisors for urging calm while clearly failing to grasp the seriousness of the economic fallout.

Mr. Beast, the biggest YouTuber in the world. He has 383 million subscribers. I think that's more people than live in the United States are subscribed to his channel. He just came after Donald Trump and his tariff policy and really exposed it for what it is, and it was incredible. Donald Trump's administration is trying to do cleanup right now. They're on the morning shows on Fox,

trying to make what Mr. Bees said, not be true, but it is not working. Here is Mr. Besant, is it Scott Besant, who is one of the worst public speakers I have ever seen on TV. It is actually incredible that this guy still has a job considering how much Donald Trump loves the media. And this Mr. Besant is not good at this. Just watch him stumble over a simple question. People, business leaders are saying to me, why are we doing this? Everyone was very excited about President Trump's agenda, deregulation, tapping into energy, tax cuts, and now boom, with these tariffs, everything has changed. Why are we doing this?

Well, Maria, I think it's, as you said in the last segment, it's all of the above. You know, President Trump was elected with a mandate. He's closed the border. So check on that. We are doing the very large deportation. of people, criminals and people who have overstayed their visits, their period. So we're in the midst of that. And now President Trump is tackling the trade agenda.

And this isn't done in isolation. That is incredible. That's an incredible piece of content. I've said this before. I'm going to say every time this is a will fair character. will fail feral character i can't even speak um matt mcdermott said small businesses are going to be decimated by trump's tariffs if tariffs are not reversed immediately many on main street will go bankrupt at a small scale they're simply not the flexibility to incur costs to them on the burden and senator john

kennedy republican senator john kennedy was on morning joe i know morning joe talk talking about the terrorists. Not in a good way. With tariffs, an eye for an eye just leaves both people blind. When a government imposes a tariff, it's putting its thumb on the scale. It interferes with people's freedom to exchange goods and services. Some countries, China, the best example, have used trade barriers as a weapon to hurt the American economy. You said it. God created the world. Everything else is made and shot him. President Trump decided to try to change this. And he, as we know, has imposed dramatically higher American tariffs on these countries.

You're going to stop that right there. He's saying not a lot, but he is obviously against it. It's not really a full-throated endorsement for changing it, but it's something. And I want to cut to this because Richie Torres, Rep, Richie Torres, Congressman Richard Torres of the Bronx was on the live show yesterday. We have a live show here on Tuesdays and Fridays at 7 p.m. Eastern. And he was saying what I think really not a lot of people are putting out there. And it's true is that what he's doing with his tariffs is unconstitutional. In the 48 hours following Liberation Day, we lost $6.6 trillion within two days.

And again, if President Biden had, you know, raised the highest tariffs in more than a century and raised the highest taxes in more than half a century, Republicans would be an open revolt. The Republican Party would be screaming socialism. So for me, the hypocrisy from the Republican Party fucking boggles the mind. But for me, the lesson learned here is that we've gone too far and ceding too much power to the president. just like we would never trust the president to set individual tax rates.

Why are we allowing the president to set tariff rates? Like how could it be in a democracy that the president could impose one of the largest tax increases in American history is $600 billion tax increase on everyday Americans without an act of Congress, without public deliberation and debate, without any transparency and accountability? And that's happening because technically the, president is allowed to do this under time like under times of like an emergency situations right but there's no emergency there's no emergency so this is unconstitutional but you don't think that Vietnamese control of the Garmin industry is not an emergency you're right now that now that you've now that you've you've made me think about it differently I'm the president I think God someone's taking control

and so then here is Mr. Beast weighing in saying ironically because of all the new tariffs, it is now cheaper to make our chocolate bars we sell globally, not in America, because other countries don't have a 20% tariff on our cost of goods is what COGS means. He also goes on to say, by the way, we pay our farmers a living income. We use fair trade certified beans, et cetera. So I was already spending a lot on cocoa. And just if you don't know, he has these, he sells food called feastables. and he says a random price hike was pretty brutal not going to lie we'll figure it out i feel

for small businesses though could really be a nail in the coffin for them and i think that's something that we just don't talk about enough is that this is going to be a huge nail in the coffin for small businesses i mean what the trump administration is trying to say is that it is only going to hurt wall street not main street i'm sure you know as well as i do that that that is simply not true. And Wall Street's not getting any reassurances on this at all. They were just lying. And this is not how you make companies feel safe to invest when you're saying shit like this. You're talking about $6 trillion in market value loss in a week. You're talking about CEOs now unwilling to give guidance for 2025. Is there a response or a backup plan for what seems to be corporates,

America shutting down corporate activity. IPOs putting on put on the shelf, M&A deals put on the shelf, CEOs not giving guidance. I spoke with one CEO last night. He said, we're cutting out capital expense budget. I'm cutting my travel budget. I'm doing everything I can in terms of cutting, so I don't have to cut jobs yet. But that is, of course, on the horizon because we're cutting capital spending. What do you do in that regard in the coming weeks and months as we see more CEOs talk that way? Well, I think in the coming months, CEOs won't have to talk that way. And what can what can we do in the coming weeks is, you know, we have opened this process of negotiations, country by country. It's going to be, you know, a bespoke, tailored process for

each country. And, you know, as we strike these trade deals, I think that we will see greater and greater certainty. Oh, my gosh. Yeah, does that inspire confidence? And I just want to end with this. I just was texted this tweet from the president from a half hour ago saying, be cool. Everything is going to work out well. The USA will be bigger and better than ever before. Okay, I guess everything's fine now. We're just going to, we're just told it be cool.

Just be cool as the stock market does this. No, no. This is terrible. This is terrible. and it was completely unnecessary. And now millions of people are going to suffer.