The MeidasTouch Podcast - Trump Goes Off the Rails in Disaster Speech

Episode Date: June 1, 2025

MeidasTouch host Ben Meiselas reports on Donald Trump’s disastrous Pittsburgh speech where he lied about the Nippon Steel deal with US Steel to the steel workers and drastically altered his tariff policies again. Ground News: Go to https://Ground.News/MTN to cut through misinformation, critically analyze the news shaping our lives and hold the media accountable. Save 40% off unlimited access to Ground News with my link or scan the QR code on screen. Visit https://meidasplus.com for more! Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af MissTrial: https://meidasnews.com/tag/miss-trial The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast The Influence Continuum: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan Mea Culpa with Michael Cohen: https://www.meidastouch.com/tag/mea-culpa-with-michael-cohen The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show Burn the Boats: https://www.meidastouch.com/tag/burn-the-boats Majority 54: https://www.meidastouch.com/tag/majority-54 Political Beatdown: https://www.meidastouch.com/tag/political-beatdown On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Coalition of the Sane: https://meidasnews.com/tag/coalition-of-the-sane Learn more about your ad choices. Visit megaphone.fm/adchoices

You hear that? Paid. And done. That's the sound of bills being paid on time. But with the BMO Eclipse Rise Visa Card, paying your bills could sound like this. Earn rewards for paying your bill in full and on time each month. Rise to rewards with the BMO Eclipse Rise Visa Card. Terms and conditions apply. Donald Trump just finished up a disaster speech at the Nippon Steel factory in Pittsburgh,

Pennsylvania. Donald Trump is trying to take credit for a deal whereby Nippon Steel, a Japanese company, will be acquiring U.S. Steel. Donald Trump is making up fake terms of the agreement when in fact the agreement was already made in 2023 and was blocked by former President Biden. And Donald Trump on the campaign trail threatened to block this deal as well. But now he's just making up fake terms about what the deal actually is. I'll talk about that in a little bit. But here's what Donald Trump says while speaking with the steelworkers at Nippon Steel. He says that we will be increasing steel tariffs from 25% and doubling it to 50%.

Here play this clip. But he's great. He's great at what he does. We are going to be imposing a 25% increase. We're going to bring it from 25% to 50% the tariffs on steel into the United States of America Which will even further secure The steel industry in the United States. Nobody's going to get around that

So we're bringing it up From 25% we're doubling it to 50% And that's a loophole and by the way, I have to tell you, I believe that this group of people that just made these investments right now are very happy because that means that nobody's going to be able to steal your industry. It's at 25 percent they can sort of get over that fence. At 50% they can no longer get over the fence. So congratulations to everybody and to you for making a great deal. You just made a better deal, right?

I said to the group, would you rather have a 40% increase? Because I was thinking about 40 when I came. I said, would you rather have a 40% increase? Because I was thinking about 40 when I came. I said, would you rather have a 40% or a 50%? They said, we'll take 50. I said, I had a feeling you were gonna say that. Now by doing that, he's going to actually cause America to lose a lot of jobs.

A lot of our manufacturers rely on steel imports from other countries as part of their kind of processes to build other things. And so by Donald Trump imposing that tariff, it will be a significant net loss on our economy. Of the 28 economists who were surveyed about whether this is a good idea to tariff steel, 50% all 28 say it's either very unfavorable or unfavorable to the United States economy. Next up, Donald Trump then says that we're going to have close to $11 trillion invested in the United States. Let's play this clip....jobs and those numbers are going through the roof. We're going to have close to $11 trillion invested in new investments in the United States. And you can look at other years, there's never been anything like that.

And by the way, that's essentially in two months, not four months, because it took me a little time to get acclimated. But over the last two, two and a half months, we're over $11 trillion is going to be coming Apple. And again, this is a totally made up number. The entire GDP for the United States is somewhere in the range of 25 to 30 trillion dollars. This 11 trillion dollars is made up the same way he says when he went to the Middle East that Saudi Arabia, UAE and Qatar invested 5.1 trillion, he says, when the entire GDP of Qatar is 200 billion.

It makes up numbers. Here Donald Trump further lies to the people. Just watch the routine of just these lies. He lies to the steelworkers here. He says there's going to be no layoffs, no outsourcing, and everyone here is going to get a $5,000 bonus. And he's almost like taking credit for it. And again, we haven't seen the terms of the new deal and we know that this is going to

lead to jobs being lost, but he'll just blame it on other people. You're playing this clip. You're not going to have to even think about that, frankly, it won't matter because they're going to be here for a long time, a lot longer than that. There will be no layoffs and no outsourcing whatsoever, and every U.S. steelworker will soon receive a well-deserved $5,000 bonus. That's very nice. Thank you very much.

That's great. That's important. For what you've gone through, you've gone through a lot. It's closing, it's not closing, it's through, you've gone through a lot. It's closing. It's not closing. It's opening. And you want to stay here. People say, well, we'll move to another place and we'll do chips.

We'll do something like chips. Somehow you don't want to do chips. I'm looking at these giant guys with the giant arms. You're not going to like doing chips. Most importantly, more lying from Donald Trump. He then stands in front of these steelworkers and says that the 2024 election was the greatest landslide ever. He says it's the biggest landslide in 129 years.

It's false. Donald Trump didn't even get the majority of the vote in the 2024 election. Here, play this clip. I said before and I'll say it again, we have the hottest country right now in just four months, but actually you have to right now in just four months. But actually, you have to go back to November 5th. Since November 5th, that was election day, we had the greatest election victory, they say, in 129 years.

The most consequential election in 129 years. I don't know what 129 years was, but we'll see. We'll check it out later on. We'll find out. Must have been something pretty good, but we have the most consequential. We won every swing state. We won the popular vote. We won the districts, 2,750 to 505. We're doing a job and you're doing— Do you see, though, it's just lie after lie after lie, you know to the people who are there to the steelworkers who are there And you know when then when he's called out on the lie, he'll blame judges. He'll blame the Japanese company

He'll blame Congress and I didn't do it but it's obvious, you know, this is all just one Gigantic fraud like this. Donald Trump says that last month, we cut the trade deficit in half. Here, play this clip. Last month, we also cut the trade deficit in half, and that's the story of today. They can't believe it. The numbers just came. We cut, before we even get started, actually,

we cut it in half. And again, just a basic fact check. We did not cut the deficit in half. I'll, why don't I even just use Elon Musk's grok, his AI, to fact check this? And you'll see, no, Donald Trump's claim that the US cut the trade deficit in half last month is not true. According to the latest data, the US trade deficit actually increased to $140.5 billion in March 2025, up from $134.5 billion in February 2025.

So the deficit is going up and it's not going down. All of Donald Trump's things have had the reverse effect. I get asked a lot where I do my research from for things like that as well and for seeing how this stuff is being covered by right-wing and by left-wing media. I use something called ground news. And so I took a look at ground news just to see who's covering this kind of fake terms that Donald Trump's pushing out there for this US steel deal with Nippon. And as I look at the results here, you see that 49% of the sources are allegedly on the quote unquote center, you

know, which is deeply problematic because they are getting fed headlines. US deal to remain in America form partnership with Nippon, Trump says. Trump says, when you see Trump says, you should know that that is a total lie. Anyway, this the research tool I use, it's called ground news. It's essential to my research. You can get 40% off by going to ground.news.mtn or scan the QR code. We're going to give our viewers 40% off Ground News top tier vantage plan, which will get you unlimited access to all the tools that I use. Ground News is subscriber funded, so they don't rely on ads.

That could also introduce bias. Subscribing supports our channel and their independent team, working to keep the media transparent. That's ground.news slash MTN. So go and check that out. Now going back to Trump's disastrous speech right here, Trump after lying to all of the people about the deficit, about bringing in $11.1 trillion.

By the way, if all that stuff happened, it would be great. It's just all a lie. He says, you're gonna be so happy. You're going to have so much success. You're not going to know what to do with all of your success. Here, play this clip. Oh, you're going to be happy. You're going to be happy. There's a lot of money coming your way. It's a lot of money. You're going to say, please, sir, we don't want this kind of success. It's too much, sir. We can't take. Please, we beg you, we don't want this much success, but we do really, don't we? We're going to be so successful. You have just started. You're

going to watch. Come on. What are we talking about there? And we have to really think about that though, because it's a reminder of how he campaigns and really when he's in office, how he campaigns. And it's just based on fraud. The people there are not going to be so successful that they're not going to know what to do with it. Go check back what happened with his 2018 steel tariffs. Go look at what's happening right now with the tariffs. People are losing their jobs. We've had jobless claims last week, Rose, 241,000. This is all a lie, but he goes there, he lies to the people, he defrauds them, and then he'll blame a Dr.

Fauci or he'll blame a Jerome Powell. He'll blame whoever. Then Donald Trump talking about more lying. He talks about he built the wall. Play this clip. But they allowed that to happen. I built almost 700 miles of wall. If we didn't have the wall

We could have never done what we did over 700 miles But still they came because they didn't want to finish they didn't want to close up any gap The gaps that we had to keep so that we could get our equipment out so we could get through they didn't want to put Up the final stages. It would have taken three weeks to put up the final stages. They said, no, we don't want the wall built. Then he says this weird statement about how, you know, all of these steel jobs were lost, like taking candy away from a baby. Dude, you were in office before. You were the one who claimed that you were going to bring it back the first time around, but play this clip. Trails and incompetence and stupidity and corruption cost this region over 100,000 steel jobs and they melted away just like butter melts away.

Between the year 2000 and 2016, more than half of all the job in Pittsburgh, iron and steel mills were obliterated. They were just absolutely taken away. Like just taken away like you take away candy from a baby. Here Donald Trump then claims and still believes that insane asylums and political asylum are the same thing. Play it. They came from mental institutions, the mentally insane that were pouring into our country by the millions. the same thing. And this very creepy thing that Trump is doing, he says that these accounts that kids are

going to get when they're born, that he calls the Trump accounts that every newborn child will get $1,000 credit the moment that they're born in their Trump accounts. You don't get more dictator and weird than this to call baby accounts Trump accounts. Play this clip. And we're creating a special Trump account for every newborn child, starting them off with a $1,000 credit to be invested over the course of their life. A little baby is born, they're going to start off with $1,000. And if we do a good job of investing their money, we're going to go with

one of the investing guidelines. Who the hell knows if they're any good, but they have a chance to be very rich. It's going to be very cute to see. We're going to follow it very closely. So let's just take a look at what the United States Steelworkers Union is saying. Just because I think facts matter, their headline is US Steel Partnership Announcements More Question Than Answers. The union hasn't seen the terms of this deal. I think it's an important thing to point out. The union hasn't seen the terms of the deal. They said if it's the 2023 deal, and that means Nippon, the Japanese company, is acquiring US Steel, not the opposite

way. But Donald Trump and his regime members were out there saying, no, no, no, Nippon Steel is going to be folded under US Steel and it's like US Steel acquiring Nippon. That's not what's happening. Nippon is acquiring US Steel and one of the things that we've seen with these types of acquisitions is going to be layoffs and then a movement towards non-union shop factories. That's what they're going to do. And then when they do it, Trump's going to say, oh, but I had it all planned out.

It was all perfect. But then the radical left just did this to me. How do the people not in that audience not know that the guy is conning him? Don't you realize this is the scheme he ran in Atlantic City, you know, in the early 1990s, and they all lost their jobs? Don't you have a short memory of what happened the last time around with him? They don't. They don't. I don't know how else to get through. Get through. And then the guy's defrauding you. It's so obvious in you with back back in with you in three months. Here's the TSMCA Trump tries to pronounce TSMCA can't even pronounce what he's talking about here play this clip

$100 billion to invest in America not in China Nvidia 500 billion dollars TSMC if you look at this one $500 billion TSMC, if you look at this one, TSMC and this is a company the biggest in the world for chips. And that basically sums up that speech in a nutshell. Hit subscribe. Let's get to 5 million subscribers. Thanks again, Ground News, ground.news. We appreciate you everybody. Check that out, ground.news slash MTN, and then use that code, get that 40% off the Ground News top tier vantage plan. Thanks so much. Love this video? Continue the conversation by following us on Instagram at MidasTouch and help us blow past 1 million followers.