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April 9, 2025 - Sean Hannity Show
34:54
Trade Imbalance Is Real - April 8th, Hour 2
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All right, hour two, Sean Hannity show, 800-941-SEAN.
Our number, you want to be a part of the program as we come to you from DC, the swamp, the sewer, if you will.
Tonight we will be at the Capitol Town Hall with the U.S. Senate now ramping up what is critical for the president's agenda, and that obviously would include getting the economy on track.
So that means that we can hopefully uh return to a better economy.
One of the main topics of discussion and obsession has been the issue of tariffs.
We do have a number of updates as we've gone through today.
Scott Bassent saying now 70 nations want to negotiate over Donald Trump's tariffs.
European Union, they're ready to negotiate with Trump for zero for zero tariffs.
Uh Volkswagen has suspended car sales in the U.S. Uh, which is perfectly fine with me, which would probably drive Americans to buy more American made cars.
That doesn't mean you're not you necessarily gonna buy a GM or a Ford, although I think that's nice.
I happen to like a lot of I like the Escalade by Cadillac.
I love the F 150 pickup.
I love the Dodge Ram.
I love them all.
The most American-made car is our Tesla car.
And you know, Tesla, as we know, is uh, you know, part of our contest.
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That's great.
That's what today's word of the day is.
What happens when you lip read to your host?
Exactly.
Uh the president, given that big presser with uh Prime Minister Netanyahu yesterday.
Uh talked about the EU's offer for zero tariffs now is not enough.
Now, do I think all of this is one big negotiation that of course the media will never understand about Donald Trump?
Yes, I do.
Here's the president.
There have been some mixed messages from your administration.
You're talking about negotiations, and yet others in your administration are saying that these tariffs are actually permanent.
What is the actual what's the Well they can both be true?
Uh they can be permanent tariffs, and they can also be negotiations because there are things that we need beyond tariffs.
We need open borders.
You know, we almost had a deal with China.
Well, we're gonna open up China.
It was almost done.
Some of you remember it during my first time.
And it was very disappointing.
We ended up making a great deal.
$50 billion worth of uh product was sold.
50 billion.
You'd like that in Israel.
And I made that deal, but it wasn't the deal that I wanted.
The U.S. has uh said that they uh zero zero tariffs on cars and programs.
Is that not?
Well, the EU, no, it's not.
Uh the EU has been very tough over the years.
It was, I always say it was formed to really do damage to the United States in trade.
Uh that's the reason it was formed.
It was formed with all of the countries from Europe.
I guess most of them, not all of them, but most of them.
And they formed together to uh create a little bit of a monopoly situation to create a unified force against the United States for trade.
Uh we have a deficit with the European Union of 350 billion dollars, and it's gonna disappear fast.
And one of the reasons and one of the ways that that can disappear easily and quickly is they're gonna have to buy our energy from us because they need it.
They're gonna have to buy it from us.
They can buy it and we can knock off three hundred and fifty billion dollars in one week they have to buy and commit to buy a like amount of energy and we have that so the president as you can hear is in a perpetual state of negotiation something the media does not want to ever understand about him.
Anyway Elaine Dzensky is with us senior director head of the Center on Economic and Financial Power at the Foundation for Defense Demo Defense of Democracies.
Elaine welcome to the program look the the state run legacy media mob as I call them and Democrats they they don't want to understand Donald Trump because they're in a perpetual state of rage against him and they bubble and fizz like Alcassel and water at the very sound of his voice.
However the Donald Trump that I've known for 30 years is a guy that for is he negotiates everything as a negotiation with him.
And what he's saying to Europe is hold on a second you all united you created the European Union you all agreed on these massive tariffs against the U.S. Okay, well he's willing to to have the discussion about free and fair trade with all of these countries and he's willing to have you know if they want tariffs it's going to be reciprocal but he's also saying there are other issues that need to be negotiated financially.
That's what I hear.
Yeah.
So uh I think I think that's I think that's more or less correct.
Um what we have is uh a large and persistent trade deficit um with a number of countries um these are countries like Germany, South Korea and most importantly China, um where we're in uh something like an untenable situation and the bill is coming due.
And what I mean by that is that we become the consumer of last resort um within the global economy which means we're absorbing a lot of cheap imports we're absorbing a lot of surplus savings and this dynamic has to shift.
This is part of the trade deficit surplus challenge that we face.
Tariffs, in terms of where we are in this conversation, I agree with you.
We're in the first round.
And I don't know why people wouldn't understand that we're not in the first round of a very detailed discussion about how to reorient our engagement with countries around the world.
And I think what Donald Trump is saying is we're redefining the.
the concept of economic ally uh and um part of the way that we're doing that is by addressing uh tariffs and other types of barriers right he's talking about nonmarket barriers particularly with China that also have an influence on the competitiveness um of the U.S. And um the idea at the end of the day is really to bring manufacturing home particularly for exquisite manufacturing meaning high tech and
advanced tech the things that we need for the economy now and in the future um and um and and do it with more domestic labor um and make deals with countries that make more sense for the U.S. So there's a lot of different aspects to the reorientation happening right now and the opening shot is tariffs.
OK, so when the Treasury secretary, Scott Bessent, confirms that leaders from over 70 countries have approached the administration about the tariff announcement, when you read the European Union now all of a sudden is willing to talk about free and fair trade and no tariffs at all whatsoever.
This is where I knew we'd always kind of land in terms of there's no way that these countries, countries are gonna put the tariffs that will impact their economies their workers at risk because they want the right to rip off America anymore.
Because at the end of the day the citizens Of their countries are going to be the ones that are angry.
They're the ones whose factories are going to shut down.
They're the ones who who are going to be losing jobs, and they're the ones that are going to be negatively impacted.
In other words, they need access to our markets, period.
End of sentence, and they're gonna have to make a deal to do it.
That's why this Wall Street freakout that we've been witnessing has been meaningless to me because I know how this this story's gonna eventually end.
Yeah.
So countries that run big surpluses, again, Germany is a good example of that.
Um China, a little bit different story because their citizens have no say in anything.
Um the government just decides.
Um these are countries that can't respond to uh tariffs, our tariffs, with a t a reciprocal tariff.
Why, for exactly the reasons you're saying.
Um the the costs are uh very difficult to bear.
Um they're trying to make up for the fact that they have a lot of production, um, excess production that they're not uh absorbing in their domestic economies.
The better thing for them to do, and I think this is ultimately where we need to get with China because they're the biggest problem in all of this, is to push them to make more domestic investments, to push their own consumption levels up to fix the problem in the economy in China in particular, um, so that they become a domestic market that has real consumption, um, and where Chinese workers are making more.
That's actually good for America, because we're having a hard time competing against their non market practices, their uh their their surplus trade.
Um it's it's actually killing competitiveness, and it has been for a while.
So this system has to be reoriented.
It has to shift.
And what we've seen so far coming from this administration is is the shock that now gives us this opportunity to reorient.
The question now is um how do we take this opportunity and turn it into the right system, um, the right frame uh for ensuring that we have economic security, economic prosperity in in this country.
Okay.
So let's use Germany as an example.
They have a 10% tariff on automobiles for uh against us.
We only have two and a half percent against them, but then they got something called the value-added tax, a VAT tax.
A VAT tax is uh uh a national sales tax.
So that's 20%.
So for an American car to be sold in Germany, that's a thirty percent rise in sticker price, um, which makes it cost prohibitive for the people of Germany if they even wanted to buy an American car.
And that's why they sell nearly ten German cars in America to our one car that we sell there.
That's not fair to American auto manufacturers.
It's not fair to UAW workers, it's not fair to anybody.
And the fact that this is even complicated or controversial to some people is mind-numbing to me.
Yeah, so these these costs are um they take different forms within the system.
And the VAT tax is certainly one of them.
I remember when I lived in Europe, I bought a car and I paid 30% more than I would have if I had bought it in the U.S., but I didn't have a choice because I had to buy a car.
Um so yes, uh, these are barriers, and they make certain um products uh much more expensive.
Well, all products in the case of um the VAT tax in in the EU.
Um so I think it's right to look at these as um barriers to uh what we want to move towards, which is a freer, ultimately a freer trade environment, uh, where we can correct some of these um deficiencies in the system.
But it's very difficult to get countries to move off things like the VAT tax.
These are uh sources of revenue that are pretty serious um uh particularly for the EU.
So that's not gonna be an easy shift.
On the other hand, um the fact that there's a conversation happening or about to happen um with the Europeans is a really good sign uh because if we can get alignment with Europe um and come to an agreement that is better for us and certainly uh you know acceptable to them ultimately, uh, and that includes uh formalizing a position against China, which again is the biggest problem that we face right now.
Um that would be very powerful.
So we might actually have a shot at creating uh the kinds of alliances, economic alliances That are necessary to push back against what should be a common enemy, which is the crazy system of the Chinese Communist Party.
All right, quick break.
We'll come right back.
We are with Elaine Dzinski, and we'll get to uh more with her on the other side.
We'll also get your calls coming up this hour.
800-941 Sean as we continue from the swamp, DC, straight ahead.
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What I told people, I was making a podcast about Benghazi.
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It's almost a dirty word.
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Will we ever get the truth about the Benghazi massacre?
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We continue now with Elaine Dosinsky, and we're talking about the tariff situation.
Do you remember when Angela Merkel was uh leading Germany and and Donald Trump handed her a white flag?
And she's like, Well, what is this?
He goes, Well, you just surrendered.
It's the white flag of surrender.
And this actually happened.
And she goes, What are you talking about?
And he goes, Well, you just did a multi-multi-billion dollar energy deal with Vladimir Putin.
You surrendered.
You know, the whole NATO alliance in large part was created as, you know, a military alliance against the threat of Russia.
And now he's also saying, no, no, no.
We want to have part of this deal that you you purchase American energy because the of the president's uh energy dominance goal and selling uh our energy to Europe would certainly be good.
It would be in their best national interest and uh country by country.
Uh I think they'd be better off because they have a better ally in the United States than Russia.
Yeah, absolutely.
So that was a um really a strategic mistake on the part of uh Germany.
Well, two things.
Number one, that they shut down their nuclear uh facilities.
I think they're really regretting that.
And number two, that they have a what I call a do dual-pronged um autocratic challenge.
They've relied on Russia for cheap gas and they've relied on China as a primary export market.
And in both instances, they're running into big, big challenges.
So, yeah, it would be I think it compromises them.
It makes them beholden to you know our top geopolitical foes.
That's why when the chancellor did this, I thought it was a huge mistake.
Yeah, it's a real problem, particularly for German industry, right?
Because they have they have geared their supply chains in that way.
All right, Elaine, we really appreciate it.
Elaine uh Dzinski, uh, thank you so much for joining us.
800-941 Sean, our number as we continue.
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You can't confuse people with that.
You know, the best part when Linda shows up.
Oh god.
And I actually see her face to face is and James can confirm this.
You know, when she's at a distance, you know, there's normal Linda, fun Linda, you know, witty Linda.
I am always a good time.
And then there's Linda Blair, Linda, when she's but it's only when she's not around you.
You know what I did today?
What did you do today?
I have been on my hands and knees in this studio getting it all wired up and ready for you work very hard.
I never if I ever questioned your work, you do a great job.
You just think I said it publicly.
Uh-huh.
You know, we do but you you want me to just sit here and praise you.
I the way I'm first of all the way I that would be weird.
No, that's not what I want.
Okay.
I uh everybody shows, you know the love languages.
You ever do the Yes, minus service?
Um I'm not here to make it.
I forget what mine is.
It was too long ago that I did it.
I have no idea what it is.
I know mine is Oh my gosh.
Uh Vince of Michigan.
Vince, you're on the Sean Hannity show.
What's up, Vince?
Hey, good afternoon, Mr. Hannity.
It's a pleasure, sir.
The pleasure is all mine.
Glad you called.
Um, reason for my call is I'm watching what's happening to Elon Musk.
And I'm I'm here for Michigan, and I I have a doge hat and I wear it everywhere I go, I get dirty looks.
People should be grateful for what this guy is doing for our country and what he's putting himself through.
A guy that's self-made worth over 300 billion dollars.
He doesn't need to do this.
He's doing it because of his love for the country.
And he's done so many good things for the country, including rescuing astronauts, helping people that don't have communications after hurricanes and wildfires.
Um, you know, he he provides Starlink to hundreds of countries around the world.
I mean, what this guy is offering this country by cutting out waste, fraud, and abuse.
Well, what has he done to engender this hatred?
This is rage.
It's terrible.
You know, now the threats against his life are absolutely skyrocketed through the roof.
It's insane.
It's insane.
It's not fair.
And I think that uh every single American should take a look at what already well, what is he saved us?
A hundred and forty billion dollars that he's uncovered waste, fraud, and abuse.
It it it you know what?
And how lucky are we that he found it?
You know, you think about it.
Uh let me let me just tell you this, because I did this last night on TV, and we talked about it earlier in the show.
There's a survey that just came out.
50% of leftists said that they could somewhat justify an Elon Musk assassination.
50% of leftists.
You know, it's higher for Trump.
It's 55% said that they could somewhat justify an assassination against Donald Trump.
58% of these lunatics on the left said destroying a Tesla dealership is partially acceptable.
I mean, this this is madness.
That's why I did I did a whole special last night on the rise of the radical left.
But here's what's crazy, right?
You've got these people at the protests.
And if you go up, like I had one in my neighborhood just on Saturday.
Oh boy.
Yeah, it was not a good time.
Did you show up?
Oh, I I was going food shopping.
You know, and they parked in the food shopping place, and and you know, they're it's it's they're absurd uh absurd.
But what's more absurd is when you see them and and people come up to you and they're like, oh, are you here for the uh are you here for the rally?
No, I'm not here for the rally.
I'm here to buy eggs.
I'm like like a normal person.
Uh oh, there's a rally around the corner.
So I'm in the store, and this woman says to me, Um, oh, did you see?
Did you see?
I said, Yeah, a bunch of Liv Tards.
It's the worst.
I'm like, and she's like, oh my God.
I was just there.
I'm like, oh, so there you go.
So you know.
I was like, you know, good luck with that.
There are more men at what at him than at what he found out.
I uh I don't, it does it defies all common sense and logic.
It is what we went through and what they put Donald Trump through for four years.
The good news is this, and if and I said this last night, if you look at politics, it's usually about addition.
Donald Trump brought people, a new coalition together.
Hard working men and women, more uh young people, more African Americans, more Hispanic Americans, more women.
It's about addition.
Your ideas bring people to the table.
Listening to these idiots, you know, that wouldn't stand for the mu the mothers of slain children and holding up bingo cards and won't stand for a young man with cancer, and you know, stand up for the right of men to play women's sports and the rights of trendy Aragua gang members over the safety of Americans and you know scream constitutional crisis.
I if if God forbid you find hundreds of billions of dollars in waste fraud and abuse, they're not adding anybody with their slogans, their bingo cards, they're singing and they're chanting and and you know, dragging out of the grave Neil Young and Joan Baez.
I mean, it's just insane what they're doing.
Are you happy now?
Yes.
Uh back to our busy phones.
Uh appreciate it, Vince.
Thank you.
Let us say hi.
We'll stay on the same topic.
John is in my free state of Florida.
Uh, I miss my free state.
Hope you're holding down the fort today.
Good afternoon, sir.
Uh, first of all, make sure you wipe your feet on the way out of that swamp.
Um, I'm I'm doing more than wiping my feet, trust me.
Uh I was you know, i i it it goes back to you know, George Floyd and all that stuff.
All these quote unquote free or or or uh peaceful protests like burning car dealerships and burning cars and charging stations.
Somebody's paying for this.
And why can't Pam Bondi get to the bottom of who's behind us, like maybe George and Alex Soros and these other lefty billionaires, and put them in prison for insurrection for causing an insurrection.
They they are going to where the money is coming from.
They have said it publicly.
If you're funding this, we will hold you accountable.
They've been very, very clear.
Why can't they make it public?
Why can't they say who's funding it?
Because it's an investigation.
You don't give away where you are in the middle of an investigation.
Oh.
That wouldn't make sense, right?
I thought I thought it was easy.
I thought, you know, they are these are the guys causing the chaos, causing the insurrection.
What they're they're they're gonna deny it and say, no, no, we were just giving money for peaceful protest.
They'll deny it, so it's probably gonna be hard to tie them to the actual violence, and they'll say, Well, we're not responsible with people that are violent or people that are domestic terrorism, uh, even though our money is facilitating it.
But uh, you know, I could see a case being brought about aiding and abetting, couldn't you?
Oh, absolutely.
I'd like to see them all in jail, including the Democrats.
Well, anyway, I will tell you, it is sick, but it shows the state of the sad state of the Democratic Party.
Anyway, uh John, thanks for holding down the fort.
I will be back in the free state of Florida tomorrow.
Can't wait to get there.
It's freezing here today in in the swamp.
Uh Kevin is in the swamp.
Kevin, how are you?
Glad you called, sir.
Glad you're with us.
Hey, Sean, always a pleasure to talk to you, my friend.
Thank you.
If people do not understand terrorists, and the word that's being left out of here is reciprocal.
Okay.
China has stolen our intellectual property.
Then they care if what they can't steal.
It to me, Sean, it's like working all week long.
And when you walk out with your paycheck, and you we used to have those, you and I when we were growing up.
It's like giving 30% to somebody because you make a product that their people want.
And as the Democrats always say, Well, terrorists don't work.
If terrorists don't work, Sean, then why do other countries have them against our products?
You know, I wish I thought of that.
It's so it's it's so obvious what you just said.
It's not an argument I've made up to this point.
Yeah, why are they if tariffs are so horrible, why are they putting them on us?
It's such a good point.
And and why and why do people if we demand what why are people so willing to accept for decade after decade after decade the idea that they rip us off?
Why are they willing to accept that?
I'm not willing to accept that.
Okay.
Didn't George H.W. Bush give China favorite nation uh trade nation back in 1989?
And they have been ripping us off every since.
Take Japan.
To even sell a Holly Davidson in Japan and I'll station over there, you pay a 30 to 35% tariff.
You pay over 200% if if we want to American farmers want to sell their rice in Japan.
Again, these are supposed to be allied nations.
You know, why do why does Germany slap a 30% tax when you include the 10% tariff and the 20% VAT tax on us and and they get to sell almost 10 uh 10 German cars in America versus our one car in Germany?
You know what?
I I I don't with friends like these, who needs enemies?
They're not being friendly towards the U.S. And then to whine and bitch and moan and complain the way they are, as if it's the worst thing that's ever happened in the world, just it's just baloney.
Not only that, Sean, okay, take a take something like spam.
Spam costs $3.27 in your average dollar store.
To sell it in Asia, guess what?
It's eight nine dollars over there because of the tariffs.
Why are we funding other people's economic prosperity?
They list themselves as developing economies, and then they see tariff everything that we send to them.
They have appetite for American products, but then they tariff us for and this is called free free and fair trade.
Come on, man, please.
Yeah, I know.
And everyone whines, bitches, moans, complains.
I'm I'm so sick of it.
And then the stock market, Wall Streeters.
Let me tell you something about Wall Street.
These guys on Wall Street, and I've known a lot of them all those years I wasted in New York.
Uh, and I can tell you that they make money when stocks go up, and they make money when stocks go down.
How many of them might have shorted the market knowing the date that the tariffs were going to be announced?
You just it makes you wonder.
I don't do I know for sure.
No, I don't, but I will tell you.
Um I just don't put my faith in Wall Street.
I have said it during Democratic administrations, I've said it during Republican administrations.
Anyway, good call, Kevin.
Appreciate it uh from our nation's capital.
All right, quick break, right back to our phones, 800-941 Sean, if you want to be a part of the program as we continue.
Up next, our final roundup and information overload hour.
Let's get back to our busy phones as we continue from the D.C. Swamp.
Greg in Arizona.
Next, Sean Hannity Show.
Greg, how are you?
Glad you called.
I'm glad to be talking to you, and you may remember Jim Bohanan.
He was my first national video appearance uh a long time ago on the topic, and I figure you might know that name because he uh was an early version of you, shall we say.
Oh wow, an early version of me?
Was it like a am I cloned and I don't know it?
Well, he uh he was somebody who took on the tough stuff and let people voice, and I feel you let people do that.
But I'm calling about urgency, and the urgency is the the bumper music you played was blinded by the light.
And the reason that the public doesn't understand what's going on is the haters and those who want to hurt America and profiteer on America are better liars and better haters at messaging.
We have before or now, who knew what a tariff was?
We we are not a linguistic uh nation.
No one knows what a tariff is, it's taxes.
And the taxes that um preclude us selling in another country mean we don't get jobs, mean we don't get raises.
And so we become stagnant while others get rich.
So part one, people don't understand in simple personal terms how it's going to hurt me.
I I might lose a job, my son can't get a job, my daughter won't get a raise because the money's going somewhere else.
And then as we touch on uh besides the taxation, uh uh we talk about the taxation saving of money.
We're not putting it in consumer terms.
Uh we're not saying Mrs. Jones or Mr. Wilson, you have to work 10 days this year to pay for research studies on garbage in Botswana.
So how do we make this?
And and you're beautiful.
When you talk about the things you endorse, which I know you believe in, your integrity, you help me see it, feel it, taste it, and touch it.
Oh, I appreciate it.
And by the way, I don't endorse products I don't believe in.
I don't do it.
And there's a whole laundry list of people that I, you know, that have wanted to advertise, and I'm like, I it's not something I believe in.
And I just won't do it.
And and thankfully I work and partner with a company that respects my decision.
Because if you don't have integrity at the end of the day, what do you have left?
I mean, when you're on your on your deathbed, what you know, what are you going to be thinking about?
Are you going to be thinking about, oh, I wish I lived a more immoral life, or are you going to be wishing maybe you didn't you were a better person?
I think it's a pretty obvious.
I'll give you the well, we got to run.
We're up on a hard break here.
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Today is the eighth.
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Now, our poor friends in Israel.
And by the way, isn't it strange that the first foreign leader to visit Donald Trump was Prime Minister Netanyahu?
And Prime Minister Netanyahu was back at the White House yesterday.
And isn't it interesting uh that our biggest and best bombers happen to be very close to Iran right now?
And the president is given a small window for Iran to negotiate.
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Three times a week we do our podcast, Verdict with Ted Cruz.
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