In this "Best of Hannity", Sean covers the latest on tariffs including the increasing commitments from businesses who are investing billions in American manufacturing to address the change in policy.See omnystudio.com/listener for privacy information.
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| Um the freak out is predictable in terms of the president's announcement, Liberation Day. | |
| Um, I fully expected everything that has happened to continue to happen, and I am absolutely a thousand percent confident that things are gonna work out in the end for everybody. | |
| Um, because it's just a smart thing to do. | |
| What I'm having a hard time understanding. | |
| Um, I do understand that certain industries, because of the way the institutional old school method of doing things are gonna be in the short term impacted, and there's not a lot of long-term thinking, and the alternative is just not an alternative to me. | |
| What's the alternative? | |
| The alternative is the status quo. | |
| What is the status quo? | |
| Letting pretty much every country on the face of this earth take advantage of us, rip us off, and and we just take it on the chin every time, and we don't stand up for ourselves, and we don't stand up for our country, and we don't stand up for our workers, and and we end up paying, you know, hundreds of billions of dollars to protect all these countries, and we we get you know slapped in the face for it. | |
| It's it's pretty amazing that it it's taken this long for any one president to actually deal with this, and that's why the president made such a big deal out of it. | |
| It's amazing too how the legacy media mob, they don't want to understand him. | |
| They should understand him better by now, but they just bubble and fizz like alcohol salts are in water, and and they just think they hear Donald Trump's voice and they just react, and they're not listening to exactly what it is that he's saying. | |
| And what he's talking about is rebuilding American industry. | |
| The president, it cannot get any more simple than free and fair trade or reciprocal tariffs. | |
| It can't get any more complicated Than that. | |
| And when you look look at the long list of countries, and we were showing it all last night on TV, and I'm sure most of you have seen it now and been able to read it now. | |
| I won't take the time to go through the numbers with you. | |
| We've been going over it now for quite a long period of time. | |
| And the way the president characterized it yesterday, we covered the full hour of it, is our country has been looted, pillaged, plundered by nations near and far, friend and foe alike. | |
| And the people that have been impacted are the people that really do make America great. | |
| They're the people that get up every day that work their ass off. | |
| They they work hard, 12, 14, 16 hours. | |
| I don't know many people that work eight hours a day. | |
| And they do it to get their little piece of the American dream. | |
| And slowly but surely we have allowed foreign countries to burden us, tax us, tariff us, that tax us to death, and we've been paying the price, and there's been nobody willing to challenge the status quo, the system, the institution as it is. | |
| And this is why you need a disruptor like Donald Trump, not only to do it, but to also begin the process of explaining why this is critical. | |
| Now, it doesn't matter that we went through yesterday in great specificity and and great detail, all of the money over time that has been invested since Donald Trump has been threatening to do this as a result of those threats. | |
| Countries are saying, you know what, maybe we don't want to we're gonna we're gonna eliminate our tariffs with America. | |
| And that's gonna happen more and more. | |
| That's that's not gonna stop. | |
| I think that you're gonna see more and more countries. | |
| I mean, I can give you the list of everything that China and India puts tariffs on and Mexico and Canada and the European Union. | |
| We kind of went through a lot of that yesterday. | |
| But then on the other hand, in the lead up to yesterday, I don't really hear anybody talking about all the companies that have committed for the next four years to be investing massive billions of dollars, you know, starting with foreign countries like the UAE and Saudi Arabia, | |
| you know, Hyundai, Apple, 500 billion dollars over four years, new factory in Texas, accelerated investments in AI and silicon engineering, teams of facilities all expanded in states around the country Michigan, Texas, California, Arizona, Nevada, Iowa, Oregon, North Carolina, Washington. | |
| Why do you think why do you think Apple all of a sudden just decided to make that decision? | |
| Or Nvidia, the hundreds of billions they're going to spend in U.S. made chips over the next four years, or the Taiwanese semiconductor manufacturing company, a hundred billion dollars, that they will make these chips right here, these semiconductors right here in this country, and we need them. | |
| Or Soft Bank and Open AI and Oracle, a hundred billion dollars for Stargate AI infrastructure, or Johnson and Johnson, fifty-five billion over four years, or Eli Lilly or Merck, the fact that Nissan, Honda were scheduled to build plants in Mexico and have decided to build them in the U.S. all as a result of the tariff threat that Donald Trump put in place. | |
| And things are changing at a very rapid pace. | |
| I mean, that's a lot of money. | |
| That's going to be a lot of high-paying career jobs for Americans. | |
| And it will over time, it will it will it will be understood by people. | |
| Um I've never been the person, and I've said this all throughout the Trump years, Obama years, whoever's president, to look to the stock market, which is always notoriously skittish, um, and not accepting of change, or you know, they panic at the thought of any uncertainty as my barometer for what the what the state of the economy happens to be. | |
| Sorry, I just I just don't put that much faith, hope, confidence in them. | |
| I'm not the biggest believer in the stock market. | |
| You know, I I now under Donald Trump, after he put tariffs in place, yeah, there was an initial decline in the stock market. | |
| By the time he left office, it was up by 60%. | |
| So that was a significant example of how it works. | |
| When Ronald Reagan became president in 1980. | |
| He inherited a horrible economy, very similar to what President Trump just inherited. | |
| And it was it was slow to get his economic policies in place, his tax cuts in place, but he eventually did. | |
| And after two years of a recession, we then had the longest period of peacetime economic growth in the in the history of our country up to that point. | |
| And literally the federal budget went it doubled from 500 billion to over a trillion dollars. | |
| The problem is that Washington spent a dollar twenty-five for every new dollar that he brought in. | |
| And it created 21 million new jobs. | |
| Donald Trump, you saw the same thing, first three years in office, one record month after record, month after record, month. | |
| Unemployment went down. | |
| For all the people that liberals say Republicans don't care about. | |
| You know, Republicans are racist, sexists. | |
| Well, African American unemployment set record low after record low after record low. | |
| Hispanic Americans, the same thing. | |
| Asian Americans, the same thing. | |
| Women in the workplace, the same thing. | |
| African American youth unemployment, the same thing. | |
| And the fact that, you know, so many people want to freak out over this and read into it something that doesn't exist does not in any way shock or surprise me. | |
| It just is what it is. | |
| And it's just a typical democratic reaction to everything. | |
| Now, I will tell you that it definitely is it's very Trumpy in what he is doing. | |
| You know, Donald Trump thinks out of the box. | |
| Try and understand his psychology a little bit if you can. | |
| And if you look at the fundamentals of this, and the president, when he went through his speech yesterday, that we're being looted, pillaged, plundered by nations near and far, friend and foe alike, and that American steel workers, auto workers, our farmers, our ranchers, our skilled craftsmen, and we have so many that were there yesterday with him. | |
| They have suffered gravely because of these policies. | |
| And then he went into great specific great specificity. | |
| They've they've watched in anguish as these foreign leaders have been out there stealing jobs, stealing intellectual property. | |
| They have closed down our factories, they've closed down our steel mills. | |
| He called them foreign scavengers who have torn apart our once beautiful American dream. | |
| Who are the people that end up getting hurt when this happens? | |
| Who are the people that are going to benefit the most? | |
| Ask yourself that question. | |
| The people that will benefit the most, the people that Donald Trump is standing up for the most here are the hardworking men and women in this country, the people that produce things, the people that have been ripped off now for almost 50 years, and he said yesterday it's gonna stop. | |
| Now, if countries want free and fair trade, instead of, you know, them acting like, well, well, why are you changing things? | |
| We're changing things because you have been abusing the United States of America. | |
| It's really that simple. | |
| If you want free and fair trade, you can have it. | |
| If you want to put tariffs on U.S. products and hurt U.S. workers, then there'll be reciprocity. | |
| We will do to you that what you do to us. | |
| And the choice will be yours, it will not be ours. | |
| And what is the net result going to be? | |
| It will take time to play out. | |
| Here's my prediction, and all these people that are wringing their hands in a state of panic, talking doom and gloom and stagflation and inflation, et cetera. | |
| They're all going to be proven wrong. | |
| Because these countries need access to all of our money, meaning all of your money. | |
| They want to sell their products in the United States of America. | |
| If you're Canada and you have 42 million people as your population, do you not think the people the manufacturers in Canada, you don't think they want access to the 365 million Americans or whatever the number is now in terms of our massive population size compared to theirs? | |
| They do. | |
| And the same thing with every other European country, and the same thing with every country around the globe. | |
| They're going to want access, and as a result, They will make the concessions to have free and fair trade. | |
| And or they will have their companies be building manufacturing facilities in this country, which a company like Rolls Royce is now talking about. | |
| We have a lot of news on this today. | |
| A lot. | |
| But anyway, so this announcement is a big deal. | |
| It'll have ramifications. | |
| It will the United States for years we slashed our trade barriers on other countries. | |
| And meanwhile, they put massive tariffs on ours. | |
| I'll give you the one example. | |
| The U.S. charges countries about 2.4% of tariff on uh 2.5% on foreign-made automobiles. | |
| Okay, but if you look at the European Union and a country like Germany, for example, they they put a 10% tariff on automobiles that come from the U.S. We're 2.5, they're at 10. | |
| And here's the bigger problem. | |
| They have what's called the value added tax. | |
| What is a value added tax? | |
| That's a national sales tax. | |
| That's that means if you buy a car in Germany, you pay 20% sales tax on whatever the sticker price of that car ends up being. | |
| So you have a 10% tariff, you have a 20% VAT tax, that's 30%. | |
| That's a 30% increase on the sticker price of an American car if you want to sell it in Germany. | |
| Does it surprise you that Germany sells eight cars in the U.S. to our one car that we sell there? | |
| If it does surprise you, I would be shocked that it surprises you. | |
| You know, does it shock you that in South Korea that 81% of the cars in that country are made in South Korea, and 94% of cars in Japan are made in Japan, and that Toyota sells you know one million foreign-made automobiles in the U.S., General Motors sells almost none, and Ford sells very little? | |
| You know, it's a huge massive imbalance, and our country has been willing to allow this status quo to exist unchallenged up until now. | |
| Now, is it gonna take a little bit of a little bit of courage? | |
| Is it gonna take a little bit of a mind shift? | |
| Are you gonna have to start thinking out of the box a little bit to understand why this is important and how it impacts you know the people that that really do make our country great? | |
| Is it really a bad thing to stick up for American manufacturers? | |
| Is it really is it really unfair to ask our allies and our foes alike if they want to do business with us to do it fairly with us and not to put these burdensome taxes on the American people? | |
| You know, why is this so complicated for some people? | |
| Why the doom and gloom? | |
| Well, because maybe some people have their own self-interest at stake. | |
| And when I say that, I look to the people, frankly, on Wall Street that really don't produce a whole whole hell of a lot, and they move other people's money around and they take a piece of everything they move. | |
| And now all of a sudden, oh, panic sets in. | |
| Why? | |
| Because it's new, it's out of the box. | |
| It's not the old style, old school way of thinking. | |
| It is it is reordering and adjusting what has been an unfair system to our country and to our our people and the American worker. | |
| If you want to know the party that sticks up for hardworking men and women in America today, that would be the Republican Party. | |
| That would be the party under Donald Trump. | |
| Just let this play out. | |
| Let's see. | |
| Let's see if let's see if we end up being right here. | |
| If I end up being right here, other countries are going to start knocking on Trump's door, they're gonna want meetings, they're gonna agree to free and fair trade, or it's gonna be an outright trade war, and then we'll build manufacturing centers here, and we'll figure out a way to deal with some other country that is willing to work with us in a fair way. | |
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| By the way, we have all over my social media, Hannity.com. | |
| I went on the full send uh podcast. | |
| You know Kyle, right? | |
| From full send, Linda. | |
| Phenomenal young guy. | |
| He's 30 years old, smart. | |
| He's interviewed Elon. | |
| He's interviewed Trump. | |
| He's interviewed Dana White. | |
| And then he got stuck with me yesterday. | |
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| What I told people, I was making a podcast about Benghazi. | |
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| We kill the ambassador just to cover something up. | |
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| Benghazi is a rosetta stone for everything that's been going on for the last 20 years. | |
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| Um, anyway, I don't I don't really want to sp it's the idea that we're gonna spend all this time wringing our hands when it's gonna take a little bit of time for these policies to be fully implemented and work. | |
| Um is frankly just a waste of time. | |
| But you know, one house Democrat, a moderate Democrat is actually praising, you know, Donald Trump's stance on tariffs. | |
| Congressman Jared Golden, a main Democrat, pointed out in a lengthy statement that he himself proposed a 10% blanket tariff on U.S. imports earlier this year. | |
| Later, we're going to play Nancy Pelosi from 1996, sounding like Donald Trump. | |
| It's amazing how many times Democrats will oppose something just because Donald Trump proposes proposed it when they themselves in years gone by proposed the exact same thing. | |
| You know, what I can say now is I'm pleased the president's building his tariff agenda on the foundation of a universal 10 percent tariff like the one I proposed, the Built USA Act. | |
| I mean, how do you think this is going to impact workers in the dairy industry in Wisconsin? | |
| How do you think this is going to impact auto workers in Michigan? | |
| How do you think this is going to impact steel workers and those in the oil and fracking industry in Pennsylvania? | |
| How do you think this is going to impact the great people that make this country great every day? | |
| It's pretty pretty amazing. | |
| By the way, Robert F. Kennedy Jr., I just read fired Dr. Fauci's wife senior bioethicist at the National Institutes of Health, married to Anthony Fauci, fired by HHS Secretary Robert F. Kennedy Jr., federal officials who were familiar with the most recent round of layoffs, | |
| apparently found out that she was fired in part because she didn't look into the idea that the COVID-19 pandemic started with the lab leak at the Wuhan lab, which by the way, was known, absolutely known for gain of function research and known for their coronavirus research. | |
| Gee, what a shock. | |
| What a surprise. | |
| Vladimir Putin has warned Donald Trump not to bomb Iran's nuclear facilities. | |
| What does he want a nuclear armed Iran? | |
| Because let me tell Vladimir Putin a thing or two in case he hasn't figured it out. | |
| The mullahs in Iran believe in what's called a caliphate. | |
| A caliphate is convert to their way of thinking or you will die. | |
| Now, do I want war with Iran? | |
| No, I do not. | |
| Do I wish that they had better leadership in Iran? | |
| Absolutely. | |
| Do I think they're a bunch of lunatics that are running that country? | |
| Yep. | |
| Do I think they're ideologues that don't respect human life? | |
| Yep. | |
| Do I think that they are radical Islamists? | |
| You know, that actually believe in the insanity of strapping bombs on innocent indoctrinated people and promising them 72 virgins if they get blown up in the process of killing, quote, the infidels. | |
| Yeah, I believe all of that. | |
| And what Putin is saying, he's saying that irreversible global catastrophe. | |
| Well, he kind of did a uh it's kind of an irreversible catastrophe what he did to Ukraine when he if he had territorial uh concerns regarding Ukraine, he didn't even attempt to try to negotiate a peace with Ukraine on the issue. | |
| Russia said that any attacks on their ally Iran would be unacceptable and illegal. | |
| Illegal according to who? | |
| What the UN? | |
| As if we care what the UN thinks, and that there might be irreversible consequences if the U.S. were to bomb Iran's nuclear facilities. | |
| That must mean that they're getting scared. | |
| Now, the president has given Iran a deadline. | |
| And we learned yesterday that when the president gives a deadline, he usually keeps to it. | |
| And the deadline was one month. | |
| The Iranian mullahs have to negotiate a nuclear deal with the United States and resolve other issues. | |
| So far, Iran has basically taken their middle finger and shoved it in Donald Trump's face, thinking that that's the best way to handle Donald Trump. | |
| So, and we don't really need lectures from Vladimir Putin and the Russians on how to be dealing with a nuclear armed Iran. | |
| I will tell you this. | |
| As somebody that doesn't want foreign wars, as somebody, and I don't think this would be a farm war in the end. | |
| I think it would be over pretty quickly. | |
| Because there are really two targets if you want to destroy the leadership in Iran. | |
| One would be their refineries, because that would that that is the total foundation of their economic strength. | |
| And because they were near bankruptcy when Joe Biden became president. | |
| Joe Biden turned a blind eye to the sanctions that Donald Trump had put in place. | |
| He allowed the Iranians to sell their oil on the world market. | |
| He made he literally granted waivers for tens and tens of billions of dollars that Iran Iran was providing to countries like Iraq and elsewhere so that they could get their mut their money for the oil that they shouldn't have been selling in the first place. | |
| So we let them get rich. | |
| What did the Iranians do with all the money that made them rich? | |
| They fomented terror throughout the entire region. | |
| And that means they're the ones that plotted, planned, and schemed with Hamas, the October 7th attack on Israel. | |
| They provided the Kud's forces, the Iranian Revolutionary Guards forces made them available to plan that attack. | |
| They provided the weaponry. | |
| They've been providing the weaponry to groups like Hamas, Hezbollah in the north out of Lebanon, Islamic Jihad, the Hoody rebels, and everybody in between. | |
| They've been fighting a proxy war. | |
| They themselves have shown a willingness to fire ballistic missiles from Iran to try and attack Israel. | |
| Thankfully, those attacks have been thwarted. | |
| But at some point here, the world's going to have to make a very tough decision. | |
| I'm not sure exactly what their breakout time is. | |
| The IAEA said it's much closer than they had ever thought, meaning months, not years, in terms of enriched uranium. | |
| Once you get to about 60% enrichment levels, it's kind of an easier process according to the people I've interviewed over the years to get to military great enrichment, which is about 90 plus percent. | |
| And that means you'd be able to build a bomb. | |
| Now you also need a delivery system, and I don't think the world fully knows what their capabilities are with the delivery system. | |
| So the question the world's going to have to ask itself is are they willing to risk a nuclear armed Iran? | |
| Now there are some people that would argue, well, they're just going to send their terrorists over to America and they're gonna they're gonna commit acts of terror here. | |
| Well, we already know the Iranians are here. | |
| We know we have people from Iran here and Syria here and Afghanistan that are here and Egypt that are here and from all over the world, uh unsavory characters, people with known terror ties, people that themselves are terrorists. | |
| There are terror cells in this country. | |
| A lot of them got through our southern border thanks to Joe Biden and Kamala Harris. | |
| So I don't know exactly what the breakout time here is, and it's not anything that I look forward to, not anything I want. | |
| I have no beef at all with the American with the Iranian people. | |
| I don't think the Iranian people, there were signs of a growing rebellion and desire for regime change prior to Joe Biden becoming president, and then they got richer and richer and richer because he allowed them to sell their oil and remain rich. | |
| I mean, that's the great fallacy of Europe, too. | |
| Europe, you know, remember the story Donald Trump handed Angela Merkel a white flag of surrender, and she goes, What's this for? | |
| He goes, because you just surrendered. | |
| What are you talking about? | |
| He just surrendered because you just did a multi, multi billion dollar energy deal with Vladimir Putin. | |
| You know, the whole purpose of NATO in large part is designed to fight back against any Russian aggression. | |
| Now remember, Ukraine's not a part of NATO. | |
| So that's a separate story. | |
| But Germany is, and we are, and that's an alliance mostly against any threats that Russia might bring to Europe. | |
| And why would you then allow the lifeblood of your economy to be in the hands of people that you know that are that have nefarious intentions, territorial ambitions, and are not the most uh not the most trustworthy people to deal with. | |
| By the way, Trump is weighing an all-out assault on the Russian economy. | |
| The U.S. is weighing this assault on the lifeblood of their economy, which is their energy exports, which analysts say would be a dramatic high risk move to influence the Kremlin and their decision making and force it to end their war with Ukraine. | |
| The sooner America can just unload and start tapping deep into the natural resources that are oil, gas, and minerals in our own country. | |
| The more that we become energy dominant, it's one thing to be energy independent. | |
| Donald Trump brought us in his first term to energy independence in the first time in 75 years. | |
| But to be energy dominant, and that means that we could supply Western Europe with all of their energy needs, we'd be a far more reliable partner, which would be another reason why they should want free and fair trade with the United States of America and not be so hostile towards us and not piss us off the way they have actively been trying to, you know, piss us off. | |
| Because that's what's been happening. | |
| By the way, we're learning more and more Wall Street Journal, U.S. employers boost hiring, bucking the trade turmoil. | |
| Now, this is pretty interesting considering who it's coming from, and I know him pretty well, and he's been a guest on this program many times, and he's been on TV many times, Austin Goolsby. | |
| And he's the Chicago Federal Reserve Bank president. | |
| He said the hard data shows the underlying U.S. economy is solid and our labor market is strong, and inflation is down from its peak in 2022, according to Wall Street, the Wall Street Journal and Reuters. | |
| So Wall Street, which is notoriously skittish to any change, any disruption, any break from institutionalism is, you know, they're swooning today. | |
| But on Main Street, where most Americans work and live, the latest employment report from ADP shows that since Donald Trump became president, the economy is on the upswing. | |
| Now, this was my headline yesterday morning in the Wall Street Journal, you know, my interpretation of it. | |
| U.S. employers boost hiring. | |
| Bucking trend, I'm sorry, bucking trade turmoil, ADP report says. | |
| Goes on hiring in the private sector, picked up pace in the U.S., driven by a rebound in manufacturing despite uncertainty around trade tariffs. | |
| Some 155,000 new positions were added to the economy in March, up sharply from February of 84,000, according to ADP National Employment Report. | |
| That was released late yesterday. | |
| Economists polled by the Wall Street Journal had expected employers to add only 120,000 jobs over the month. | |
| They far surpassed that. | |
| And despite policy uncertainty, the bottom line is the March top line was a good number for the economy and for employers of all sizes, according to ADP's chief economists. | |
| Manufacturing added 21,000 jobs last month, while the services sector rebounded from a slow February, 57,000 new positions in professional and business services alone. | |
| The Northeast, the Midwest led the increased hiring with 89,000 and 81,000 new jobs respectively. | |
| Commerce Department reported Wednesday, factory orders went up 0.60%. | |
| I'm sorry, 0.6%. | |
| That was above the expectations in that category after an upwardly revised 1.8% rebound in January. | |
| But on Tuesday, the Chicago Federal Reserve president said, yeah, hard data shows the underlying U.S. economy solid and the labor market strong and inflation is down from its peak. | |
| And by the way, if tariffs are so bad for the economy, how come economic growth in high tariff China is now double the economic growth under Biden and Harris and their economy in low tariff America. | |
| And I will tell you one thing, and nobody seems to on the left to ever be consistent. | |
| Um you have heard about sweatshops and low low payment. | |
| Low payments made to Chinese workers. | |
| You have heard of that before, because they still exist to this day. | |
| By the way, uh Ford Motor Company is offering employee prices to all customers. | |
| GM Is now announced that they're going to be producing more of their trucks based on what they believe will be a heavy increase in demand. | |
| U.S. shoppers will now be able to save on Ford vehicles this spring through a new initiative called From America for America. | |
| Word is getting out in spite of what the media and Democrats are telling you. | |
| Don't listen to them. | |
| They're liars. | |
| A lot of ground to cover. | |
| Lindsey Graham has figured out a way to bypass the Senate parliamentarian, which is critical to get reconciliation passed, which means to get the Trump economic agenda, the border agenda, the energy agenda through. | |
| He's going to explain it all in detail next. | |
| You're going to like it straight ahead. | |
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