Bannon`s War Room
Episode 4467: Media Continues To Lie About Trade Policy; Reshoring Manufacturing And Rebuild Our Economy
May 7, 2025
In this engaging discussion, Eric Prince, a former U.S. Navy SEAL and founder of Blackwater, dives into the intricacies of U.S.-China trade relations, emphasizing the urgent need to reshape American manufacturing. Energy expert Dave Walsh analyzes current energy policies and their impact on the U.S. economy, while economist E.J. Antony critiques government spending and its effect on job growth. They explore global economic shifts, the challenges posed by the BRICS summit, and the implications of internal struggles in China's leadership.
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Quick takeaways
- The misconception about America's trade deficit with Canada highlights the need for a clearer understanding of trade dynamics and consumer choice.
- Recent data reveals significant discrepancies in job growth reporting, affecting public perception and necessitating a more accurate assessment of the economy.
Deep dives
Misunderstanding Trade Subsidies
There is a common misconception that America's trade deficit with Canada constitutes a subsidy. However, the actual deficit was approximately $45 billion in goods and services, far less than the claimed $200 billion. This misunderstanding stems from a broader lack of clarity regarding trade dynamics, particularly in an administration filled with wealthy businessmen who should understand the implications of trade deficits. Instead of viewing imports negatively, it is essential to recognize that they are often based on consumer choice and capitalistic principles.
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