The Warning with Steve Schmidt Trump Treasury Secretary Poses Biggest Threat to America's Economy
Oct 27, 2025
The podcast dives into the controversy of Trump's tariffs and the implications for America's economy. Steve Schmidt critiques Scott Bessent's dubious claims as a soybean farmer and his defense of failing economic policies. Highlighting a $75 million Ontario ad campaign, he discusses the dangers of tariffs and recalls Reagan's free-trade principles. Schmidt also points out the alarming trend of criminalizing dissent under the Trump administration and calls for voters to act against this political regime.
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Treasury Secretary's Performance Criticized
- Steve Schmidt argues Scott Bessent is the most incompetent and preening Treasury Secretary amplifying Trump's false economic claims.
- Bessent's 'soybean farmer' claim exemplifies elites gaslighting the public about tariff harms.
Bessent's Soybean Farmer Claim
- On TV Scott Bessent claimed, "I'm actually a soybean farmer," while defending Trump's China policy.
- Steve Schmidt uses that exchange to illustrate disconnection and performative sympathy for farmers.
Canada's Trade Warnings Are Legitimate
- Schmidt highlights Canada's ad campaign warning that tariffs cause trade wars and job losses and frames it as legitimate pushback.
- He condemns Bessent's claim that Canada's outreach is interference in U.S. sovereignty as absurd and aligned with authoritarian talking points.