Bannon`s War Room WarRoom Battleground EP 738: Liberation Day Becomes The Start To A True American Economy
Apr 2, 2025
Spencer Morrison, author of "Reshore", brings his expertise on tariffs and trade policy while former President Donald Trump discusses the revival of American industry. They explore 'Liberation Day' set for April 2, 2025, as a turning point for economic independence, focusing on the strategic 25% tariff on foreign automobiles. The conversation dives into the long-standing trade deficit risks, the call for economic nationalism, and personal anecdotes highlighting the human cost of offshoring. Listeners gain insights on financial security and the need for a production-based economy.
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Tariffs and National Security
- Tariffs are not solely about economics, but about national security and well-being.
- Economic independence is a prerequisite for political independence.
Trade Deficits and Stagnant Wages
- The US has experienced financial turmoil and trade deficits since the early 1970s.
- Real wages for workers haven't increased since 1974, coinciding with persistent trade deficits.
Trade Deficit Bubble
- The US trade deficit represents a bubble fueled by selling assets and accumulating debt.
- This bubble will eventually burst, causing severe economic consequences unless addressed.
