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May 27, 2025 - Sean Hannity Show
34:02
Best of Hannity: Senator Paul on Tariffs - May 26th, Hour 3
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When I told people I was making a podcast about Benghazi, nine times out of ten, they called me a masochist, rolled their eyes, or just asked, why?
Benghazi, the truth became a web of lies.
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What difference at this point does it make?
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Always a pleasure to have back on the program Senator Ram Paul.
He has a different view than the president on the issue of tariffs.
Senator, great to have you back.
How are you, sir?
Very good, Sean.
Thanks for having me.
Now, I know your constitutional argument, and you don't like the emergency powers that the president is using, and you feel it's an abuse.
Generally, though, you know, you've been pretty supportive of the president.
I mean, I think it's been a pretty productive 100 days by any objective measure.
Would you agree with that part?
Yeah, I give him an A-plus for the 100 days.
I don't like the tariffs and think it'll be bad for the country.
But if he's able to negotiate lower tariffs, I'll be more than complimentary of that.
But on the cabinet, I've supported and I've helped get his cabinet members through my committee.
I chair a committee.
I've been ecstatic about Bobby Kennedy, Jay Banachari at NIH, Marty McCarrier at FDA, Kash Patel, Tulsi Gabbard.
Many of these are people I would have picked, frankly.
So I've been ecstatic about that.
I think he's doing a lot of good things.
The border, my goodness, without a dollar and without any legislation, lo and behold, just with his sheer presence, his sheer force of presence, he's ended the onslaught at the border.
I mean, it still has to be watched carefully, but he's probably reduced the flow of illegal aliens by like 95% at the border just by saying he cares about it and sending some extra troops down there.
Let me ask this question before we get to your constitutional argument, which I'm always interested in hearing.
Do you agree with the premise of the president that friend and foe alike that they have ripped off America with unfair high tariffs against us?
That would include friendly nations like Canada and the European Union.
For example, the European Union charges a 10% tariff on an American car being sold in their countries.
Then a country like Germany, they have a 20% VAT tax, which is a value-added tax, a national sales tax.
And by the time an American car makes it on a lot in Germany, its sticker price is 30% higher, which has rendered it pretty much cost prohibitive for many people in Germany.
And while they sell about 50 million cars a year annually here, we only sell about 8 million to 9 million over there.
And I think that is ⁇ those are unfair trade practices.
Do you agree with the president's premise, which is we're getting ripped off.
We're being abused by even countries that depend on us for their national security and defense.
And is there something in principle that is really wrong about that?
Well, definitely on NATO.
Yeah, I think we've been ripped off for years and years, and they should be made to pay their fair share.
With trade, I think there is a fundamental fallacy.
So, for example, if you say, what does the U.S. buy from China?
What does China buy from the U.S.?
They actually don't trade with each other.
Only individuals trade with other individuals.
So if people say, well, I hate the trade with China and we shouldn't buy from China, that's millions of Americans who go to Walmart are making a decision.
So let's say a million Americans go and buy a TV at Walmart and it costs $300 less and it comes from China.
So you get a $300 cheaper TV.
Every one of those million consumers made a trade, but they all feel like they got a good deal.
They wouldn't have given up their money to get the thing.
So all trade is advantageous to the people making the trade or you won't give up your money.
If it's voluntary, you buy something and you're always happy with the trade.
But if you take all million people who bought a TV and save $300 and add it together and you say, well, gosh, all those TVs came from China and none came from America, they're ripping us off.
It's an artificial accounting or a way of looking at it because every individual in the million person trade there was happy.
How can we bundle them together and say we got ripped off?
So you could say it's unfair country to country.
Say, well, gosh, they have higher tariffs.
But if they have higher tariffs on American goods, they are punishing their consumers.
So we can then say, well, we'll punish our consumers the same as they do by raising our tariffs to meet.
No, but they're also punishing American manufacturers, American farmers, American ranchers, because they're closing their markets.
Like, for example, Canada.
Canada only allows a certain small percentage of dairy to be brought into their country, and then they go up to a 250% tariff.
And they're basically, well, we have open markets for them and their manufacturers and their producers and their lumber people.
Why would they shut the door in the face of our dairy farmers or our other farmers or other American products, which they've been doing now for a long period of time?
So in other words, they're hurting farmers and ranchers and manufacturers here.
And sure, maybe the person likes getting a cheaper TV, but the person that actually produces things that they would otherwise consume there, they're not given free access the way we have given them free access.
So when I first heard this about Canada, I was somewhat persuaded and somewhat pissed off that they would have a 270% tariff on our dairy.
It's after a certain percentage has been sold, yes.
I mean, I looked into it, but you know, it doesn't come into play at all.
There is no goods, no dairy goes to Canada that has a 270% tariff because we never reach the quota.
And the interesting thing is, is when Trump renegotiated the U.S.-Mexico-Canada agreement, he raised the quota.
So he was successful in raising the quota, and we never get anywhere close to the quota.
So in some ways, it's a red herring.
There is a 270% tariff above a certain amount.
We never get there.
We're always well below the number.
So there really is a tariff of zero.
No, the tariff is not zero, because before you hit that number, the tariff is anywhere between 5% and 10%.
It's very small, and actually quite a bit of it.
I don't think it's small, because we're not putting tariffs on the products that bring it into this country, so there is an unfair tariff balance there.
I guess the thing I would say is that tariffs punish your own consumers.
So Canada or any other country that wants to punish their consumers can, but we shouldn't.
All right, let's accept that as true.
Then don't tariffs, high tariffs, also punish?
I mean, maybe consumers benefit.
I'll concede the point to you.
What's so unfair if the president says we can have free and fair trade across the board so we have a level playing field, or if you're going to tariff us, we'll put reciprocal tariffs on you?
Tell me why that's unfair.
If we're able to negotiate tariffs lower, I'd be off with that.
And to the extent that Donald Trump will be able to, in the first 90 days, negotiate lower tariffs, I think that would be great.
If we just simply reciprocate and add to it, there'll be a cost, and somebody has to pay that cost, and that'll be American consumers.
So I'm just an old-fashioned conservative.
I don't like taxes.
Tariffs are taxes.
Why would I like taxes any better on goods than I would like an income tax?
But do you believe in—I'm with you.
I want low taxes, too.
But do you believe in free and fair trade also?
Because I'm a free and fair trader.
Yeah, I think trade itself is an extension of capitalism.
And so capitalism creates great wealth.
And so the more we trade, the more wealth we have.
And that's what we've found over 70 years, really, is that people have moved from the lower class and middle class in our country to the upper class.
If you look at prosperity, if you look at GDP per capita, it's gone up astronomically.
If you look at how many hours it takes to buy something, like a TV, it takes 10% of the hours it used to take.
Rice, food, it takes 10% of the time.
Clothing.
We've had extraordinary wealth because we now have the free time from all that money we saved through international trade to buy other stuff or to have more leisure time.
So really the story of trade over the last 70 years has been one of extraordinary prosperity for our country.
I do think, and you seem to, you know, not concede this point, that we've been ripped off and treated unfairly.
And especially by countries, it's not just NATO.
It's all of Europe pretty much depends on the United States for the national security.
And a lot of these countries have not paid their fair share to NATO.
That's one aspect of it.
But the idea that they're going to charge tariffs to American manufacturers and American companies and farmers and ranchers, I just think fundamentally is unfair.
And I don't think they're being honest brokers and good trading partners and good allies when they do that to us, which as you rightly do point out is beneficial to everybody, but it's more beneficial to them right now.
And the president's challenging that status quo.
And I...
i think it's going to result in better deals i can't say for certain and i hope it's going to result in better deals you're not wrong that there's the appearance and the reality of it being unfair if one country has high tariffs and one country has low tariffs but someone Has to pay.
If you want to have, if you're going to force, like somebody has a 20% tariff on you and you have zero, you say, I'm going to do 20%.
The American consumer will have to absorb that 20% in order to get a better sense of fairness, but there's an economic cost to it.
And so what I'm going to say is that for example.
Is it wrong then to challenge the system and at least put the pressure on to at least try to get the system more fair and more free?
I'm all for the negotiations.
I worry about when you put 146% tariff on things from Vietnam and the marketplace looks at that and people get scared out of their wits and sell $6.6 trillion worth of stock in two days.
This isn't just me complaining.
This is the marketplace with just millions of self-interested, self-centered, but also people who have a great deal of knowledge are all trading.
And that simultaneous knowledge that the marketplace tells us, they were worried about all of that.
So there is a way to try to negotiate trade deals and lower trade and to enhance trade, but you have to be careful.
But I'd take two items.
I'd take steel and shoes.
And I would say we've tried to protect steel on and off for 70 years, but our steel was inefficient.
Organized labor unions demanded extraordinary wages.
And we just got out-competed with cars.
When you look at cars, the Japanese are just so much better.
They're still better.
They come to our country and manufacture here, and they still make it better and cheaper than American cars do, and they do it here.
But I don't think there's any amount of tariff that's bringing the steel industry back, and I don't think there's any amount of tariff that brings shoes back.
But we replaced some of the shoe jobs, like we make BMW and Greenwich.
Well, actually, didn't the president kind of got these companies, Nissan, Honda, for example, Toyota.
My understanding is BMW and Mercedes are going to build their cars with more American parts here as a means of bypassing the tariffs.
And I like it because that results in high-paying career jobs for Americans.
So I think the market is adjusting to the president's challenge in that sense, no?
So we make three in Kentucky.
We make the Corvette, which is American Aid.
We make the Toyota Camry, which is American Aid.
Corvette Z06 is awesome.
And we also make the Ford truck.
All of these manufacturers come to me and they say that the tariffs that have been placed on the 25% tariff between Mexico and Canada, they had already adjusted to a low tariff atmosphere and they had a lot of parts going back and forth.
They say simply the compliance costs.
You know how banks complain about the compliance costs of regulations?
The compliance cost of figuring out a tariff on every vault and where it comes from.
We have seamless supply chain going back and forth between Canada, the U.S., and Mexico is extraordinary.
But they're talking about $5,000 to $10,000 a car.
So just not good for America to pay more, $5,000 to $10,000 more.
In the end, you could say, well, it's fair, but Americans are going to have to pay $5,000 to $10,000 more per car.
And I think a lot of Americans will say, well, I'm going to put off buying a car, and then we may end up having a recession if everybody quits buying stuff because the tariff tax is so high.
My best bet, and I can't put a guarantee on it, is that all these countries that have expressed interest in making deals with President Trump, I believe that that is real.
I think China will be the most difficult to make a deal with, but in the end, they need access to our markets, and we probably need their rare earth minerals way more than we want to acknowledge.
That's more trade.
If we get that, I'm for it.
But let's say, for example, antibiotics.
I don't want four precious antibiotics to only be made in China.
No way.
That's a security issue.
Yeah.
Well, you know what I would do?
Rather than the tariff issue where we might have no antibiotics or the antibiotic prices might triple, I would offer 0% corporate tax on somebody who'll make those antibiotics in our country for 10 years.
I'd say no taxes.
I wouldn't say lower taxes.
I would say no taxes.
We'll remove obstacles.
We'll expedite the approval of it.
But if you want to make a moxicillin, which is the derivative of penicillin in our country and it's only anything only made in China, you know, in fact, if that's legislation that we're considering introducing would be legislation to zero out taxes on anything that's solely done in China, then we're not ruining the marketplace before fixing it.
It takes a while.
It might take a year or two for a company to develop.
A steel company might cost $100 billion for a blast furnace.
I just don't think that's happening.
But I'm not against giving tax incentives to U.S. steel companies.
Look, this is going to play out.
I agree with you, though.
I think the quicker these issues are resolved and hopefully better and freer and fairer trade deals would benefit not only consumers, but manufacturers and farmers and ranchers that have been shut out of some of these markets.
I think is the benefit for all Americans in the end.
But it's complicated.
The sooner it's resolved, I would agree with you, the better it's going to be for everybody.
If we could have within the 90 days a reciprocal lowering of tariffs between countries and announce that, you'll see a boom and an increase in the market like you haven't seen.
Big time.
Yeah.
But we need right now.
We're increasing government aid for farmers because the farmers are going to be excluded from China's market.
China will also have to give in over time.
We're just out of time, though.
Senator Rampaul, we always appreciate you.
Thanks so much for being with us.
Hey there, I'm Mary Catherine Ham.
And I'm Carol Markowitz.
We've been in political media for a long time.
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Every Monday, Wednesday, and Friday, we break down the news and bring you behind the scenes inside the White House, inside the Senate, inside the United States Supreme Court.
And we cover the stories that you're not getting anywhere else.
We arm you with the facts to be able to know and advocate for the truth with your friends and family.
So down on Verdict with Ted Cruz now, wherever you get your podcasts.
What I told people I was making a podcast about Benghazi, nine times out of ten, they called me a masochist, rolled their eyes, or just asked, why?
Benghazi, the truth became a web of lies.
It's almost a dirty word, one that connotes conspiracy theory.
Will we ever get the truth about the Benghazi massacre?
Bad faith, political warfare, and frankly, bullshit.
We kill the ambassador just to cover something up.
You put two and two together.
Was it an overblown distraction or a sinister conspiracy?
Benghazi is a Rosetta Stone for everything that's been going on for the last 20 years.
I'm Leon Napok from Prologue Projects and Pushkin Industries.
This is Fiasco, Benghazi.
What difference at this point does it make?
Yes, that's right.
Lock her up.
Listen to Fiasco, Benghazi, on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
Democrats, I mean, the party of angry, petulant, bingo card slogans singing, and now the party led by the squad, AOC, Jasmine Crockett, and Grandpa Bernie.
You know, they're just out of it and just had a complete meltdown during about Donald Trump's first hundred days.
Let's play it.
Let me tell you, we have a thug in charge of the United States.
And if we don't wake up, we may not have a United States.
I don't swear in public very well, but we have to f ⁇ Trump.
I say f ⁇ Trump!
Donald Trump and Elon Mix.
And what Grant said is there are but two parties in America right now, patriots and traitors.
When is it going to be enough?
My voice is inadequate.
My efforts today are inadequate to stop what they're trying to do.
You get your musty hands over our money.
You muster move, move, move.
Now, the president, I think, very smartly went to Michigan last night and he decided to lay out his case for his first 100 days and all the success.
And frankly, the foundation that he is building for a lot of future American growth, prosperity, America's golden age, as he calls it.
We've set all-time records for the lowest number of illegal border crossings ever recorded.
Think of that.
Ever recorded.
I'm proud to be the president for the workers and not the outsourcers, the president who stands up for Main Street, not Wall Street.
Our golden age has only just begun.
We are one people, one family, and one glorious nation under God.
We will never give in.
We will never give up.
We will never back down.
We will never ever surrender.
We will fight, fight, fight, and we will win, win, win.
And he capped off the day in an interview with Terry Moran over facilitating a Brego Garcia's return to the U.S. Apparently, when did this was this on ABC Nightly News last night?
Is that where they aired this?
Linda, I don't know.
It is indeed.
I know you're watching with bated breath.
No, I haven't watched one of those 92% negative.
We all know you love liberal news media, okay?
It's all right.
I don't even know who the anchor is anymore.
Clearly Donald Trump didn't know either.
He's like, I never heard of it.
I heard that.
Well, apparently he wouldn't give the interview to little Georgie and David Muir.
So Terry Moran, I'm like, and I don't think he knew who he was.
Well, he was out of call clips, you know, and David Muir doesn't do an interview unless he can have his jacket nice and tight.
So Donald Trump wasn't, you know, couldn't make it work.
He's like, sorry, brother.
I cannot tell you who anchors NBC Nightly News since Lester Holt left.
I have no idea.
I have no idea after Nora O'Donnell was sacked from CBS, who's anchoring that show.
You know, it could be Katie Courick for all I know.
I have no idea.
It could be Katy Perry for all you know, you know?
Make it really weird.
Could be Katy Perry.
She's busy flying rocket ships and kissing Mother Earth or whatever.
I'm sure she is 11 minutes later upon return.
Star struck in quote-unquote space with a sunflower.
Give me a break.
Whatever.
I mean, who cares?
I don't know what.
By the way, there's a whole story about people hating on Katy Perry.
I don't dislike her.
I do.
I did see her on American Idol, and she seemed like a nice person.
Yeah, she took that land from the nuns.
I'm kind of over her.
Oh, that's right.
I remember that controversy.
Yeah, I can't forget that stuff.
You can't mess with nuns, man.
Come on.
I have to tell you, before I get to Terry Moran and Trump, I have to tell you the story.
I bought a property and I get a letter.
Well, actually, the letter came to a friend of mine.
They didn't have contact of me.
And in the letter, it turns out, and we were in full contract.
You know, they had no legal right to get the house back.
And they had seller's remorse, really, and just, you know, invoking probably the name of Jesus more than I could count on one page, you know, hopefully just desperately wanting their house back.
And I'm like, I'm like, sure, no problem.
They wanted the house back that you bought from them.
Correct.
Copy.
I was in contract to close on very soon.
And they went and they and the person had seller's remorse.
They regretted selling it.
Was it like their family home?
Were they in it for like 30 years?
I don't know.
I didn't ask you.
How do you not know?
Would you ask questions when you're at the closing?
I just read this long letter begging me not to buy their house.
And, you know, I know you're a Christian.
I know you believe in Jesus.
And I do.
Was this when you were already Sean Hannity or is this like pre-Sean Hannity?
Like, did they know who you were?
No, no, no.
This is what do you mean pre-Sean?
There was no pre-Sean Hannah.
Oh, there's like Sean Hannity.
I'm falling off a roof.
I'm working on boats.
And then there's Sean Hannity.
Sean Hannity didn't have money to buy a house.
Unfortunately, at that time in my life, I was barely paying my rent.
And so I said, of course you're going to have your house back if you don't feel good about it.
I mean, what kind of person would you be?
You got to have a heart.
You got to have a soul.
I would have liked the house, but I'm not going to make anything more important than being a good person.
That's really, really nice.
Maybe you should call Katie Perry and talk to her.
Tell her to give the nuns their property back.
There you go.
You're like, hey, Miss Firework, how do you feel about this?
No, I just never had had an experience like that.
And I'm reading this letter.
Every fifth word is Jesus.
It was just in that sense, it was funny because I'm like, okay, you don't have to oversell me here.
You regret selling the house.
You wish you didn't do it.
Why would I want to bring pain into this person's life?
Now, when you gave it back, did you communicate through your agent or did you actually talk to the person?
I always use lawyers.
I might have talked to the woman briefly and just said, okay, you'll cover the costs of what I spent and you're going to have your house back.
But I mean, like, were they relieved?
Were they happy?
Like, what happened?
I want the details.
Of course, the woman was happy.
I said it gave her what she wanted.
Not like happy, like, relieved.
Did she tell you?
The only conversation I remember having was, okay, I understand.
Not a big deal.
Sure, I'll, you know, I'll rip up the contract.
You just agree to pay for the cost that I incurred in the process of buying the house, which was not, you know, it was next to nothing.
I paid for an inspection and I paid for, you know, maybe a lawyer.
Well, I think that's very nice of you.
And I hope that it was her family.
You would do the same thing.
Sure, I would.
Absolutely.
When I buy my vacation home and somebody wants my other home and I put this home, sure.
I hope that someday that is a problem I have.
Now, if the home had already been transferred in my name, I'd probably say you should have thought of that before you sold it.
At that point, you know, you just go through too much of a rigmarole.
Then it becomes too hard.
I mean, you know, come back a year later.
They're going to rent the property from you and they could pay the mortgage.
You could do that too.
Listen, there's always a way.
At the end of the day, there is always a way.
It's just how bad you want it.
That's all.
All right.
Forget about Terry Moran.
Let's get to our phones.
I don't care about him.
Let's say hi to Blanca, Maryland, Sean Hannity Show.
Hi.
Good afternoon.
Well, I just wanted to share with you that I'm a proud American and naturalized citizen from El Salvador.
And I am from Maryland.
I am sure.
So you're a true Marylander.
Well, yes, originally from El Salvador, but yes, I am a Marylander.
And Where the Dems have turned Baltimore, Maryland into Bullet Moore Murderland.
That is what they have done here.
The policies have cost lives, which that cannot be replaced.
The economic, just the, there is no safety net.
The economic turmoil that we're under is unbearable.
And I wanted to share as a Salvadorian and now American that oftentimes I've seen, been here 20, excuse me, 42 years next month, and I have seen immigrants fight harder than those who are born here.
That's very disappointing.
It's very disappointing.
Oh, I totally agree with you.
I have seen immigrants that appreciate freedom, especially if they come from countries where they didn't have freedom and opportunity, you know, really appreciate this country more than Americans.
We kind of take things, it's natural, human nature, to take things for granted.
I remember one night I was working in an office.
This is when I was a painting contractor, and it was overnight.
I had to paint.
And, you know, in comes this guy, and he was a Russian immigrant.
And the guy, you know, ended up being so successful.
And he was there to clean the offices in the middle of the night with his young son.
I couldn't sat, talked to the guy for like an hour and a half, learned a lot from him.
Yes.
Yes, because one thing, and I can't say for all, because I can't generalize all individuals, but one thing I can say is that the circumstances that brought me here, I was abused as a child in every way that abuse could occur to someone, and I was adopted.
And I was adopted at age 10.
So assimilating to a new country, a new culture, a new family, a new home, a new way of life, a new language, it really helps me to understand the cost of what it means to retain and preserve.
I think that oftentimes many people that were born here, they kind of release.
We try to retain as conservatives.
We retain and we preserve.
But they try to release and then they pander.
They pander to hold power.
And that power is not really power because they are holding so many people hostage.
The political party, especially here in Baltimore City, it's as corrupt as the day is long.
It's very corrupt between the money that goes to one nonprofit, to this nonprofit, and this one has a boyfriend, and that's why he got the grant.
And then now, you know, they're not together.
And now this and that.
I mean, this safe streets scam that we have here, you know, where you can't know who they are, but we know that they have a record.
And they're just basically just walking around the streets being tour guides.
This is what safe streets is.
Nobody can call it out because then you're called every name.
The school system gets $1.7 billion, yet we have 81,000 people just in Baltimore without a high school degree.
Well, there are 13 or 15 or something, some astronomical number of Maryland high schools where kids, not one kid could pass a proficiency test in either reading, English, or math.
Not one kid in high schools, 13 high schools.
13.
Yes, in the 13 out of the 37 schools.
That is correct.
That is because the Democrats continue to lie that you can get ahead by doing nothing, being socially promoted, and then there's no accountability.
The rec centers are ready to be opened until 11 p.m.
And you know what that means.
Just the kids are going to just be at a rec center.
Well, the parents are where they should be at home.
They should be trained.
But the perpetual preschool to prison pipeline is real here.
So I just wanted to let you know that as an immigrant, I listened to you.
I've been a Republican for over 20 years.
I was one of those.
Like the.
Let me just say something only because I'm looking at the clock and I'm going to run out of time here.
I support legal immigration.
You know what?
We are a better country because of people like you.
And I don't care where you come from.
I just ask people to do it legally, respect our laws, border sovereignty.
And we need to do background checks to make sure you don't have radical associations, health checks post-COVID, and make sure that you're not a financial burden on the American people.
And here you are in this country facing challenges, having to learn a language, new family, all of that.
And look at the great American you are, the great Marylander you are today.
And I don't care where people come from.
We just have to have rules that allow them.
Joe Biden allowed in terrorists, cartel members, gang members, murderers, rapists, violent criminals.
We can't do that.
But Blanca, you show how an immigration system should work and it was designed to work, and you did it legally.
And I'm glad your life turned out the way it did.
And we're glad you're here.
You're a part of our family.
All right, that's going to wrap things up for today.
We'll check in with Newt Gingrich tonight.
Alina Haba joins us tonight.
Victor Davis Hansen, Horace Cooper.
We'll have a Hannity shootout.
Haven't had that in a while.
Jessica Tarloff versus Mary Catherine Hamm, Joe Concha, and our other news of the day segment, and much more.
Nine Easter news you will never ever get from the state-run legacy media mob tonight on Hannity.
We'll see you then back here tomorrow.
Thank you for making this show possible.
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I'm Carol Markowitz and I'm Mary Catherine Hamm.
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Join us every Tuesday and Thursday, normally, on the iHeartRadio app, Apple Podcasts, or wherever you get your podcasts.
I'm Ben Ferguson, and I'm Ted Cruz.
Three times a week, we do our podcast, Verdict with Ted Cruz.
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Every Monday, Wednesday, and Friday, we break down the news and bring you behind the scenes inside the White House, inside the Senate, inside the United States Supreme Court.
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So down with Verdict with Ted Cruz now, wherever you get your podcasts.
What I told people I was making a podcast about Benghazi, nine times out of ten, they called me a masochist, rolled their eyes, or just asked, why?
Benghazi, the truth became a web of lies.
From Prologue Projects and Pushkin Industries, this is Fiasco, Benghazi.
What difference at this point does it make?
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