BLOG

Here’s What You Should Know About Trump’s 'Trade Wars'

What’s going on?

Markets around the world fell on Thursday when President Donald Trump said he plans a tariff of 25 percent on steel imports and 10 percent on aluminum imports.

A penalty on steel and aluminum coming into the U.S. could be devastating for global trade and is likely to increase prices for American consumers. The European Union, Germany, Canada and other countries have threatened to retaliate.

What did Trump say?

As usual, Trump followed up his announcement by tweeting about it.

“When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win,” he wrote. “Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!”

How will this affect me?

Short version: Your money won’t go as far. Companies that use steel and aluminum will have fewer choices and higher costs and will pass on their extra expenses to you, the consumer. The auto industry is one example. Since automakers need steel and aluminum, they’ll likely be paying more to build cars and passing on that cost to people buying them.

Glenn’s take:

On today’s show, Glenn called this announcement from Trump “the biggest blunder in his presidency” because it will hurt the economy.

“He sees this as a way to help struggling industries in the U.S., but it almost never helps,” Glenn said. “The data is clear: Protectionist policies only make things more expensive for consumers with few benefits for the protected industry.”

This article provided courtesy of TheBlaze.

GLENN: President Trump made the biggest blunder in his presidency yesterday, bigger than the NRA meeting that he had, because this one will actually affect the economy. And the economy is what keeps him afloat. Trump announced yesterday that his administration will impose a 25 percent tariff on steel and 10 percent on aluminum.

The move has been debated inside the White House for months. And advisers have been split. But Trump is going for it.

He sees this as a way of helping struggling industries in the US. But it almost never helps.

For decades, the US steel industry has lobbied the government to help them compete with foreign steel. But the data is clear: Protectionist policies only make things more expensive for consumers, with few benefits for the protected industry.

Past presidential attempts to give the steel industry a boost has not gone well. In 2002, President Bush placed tariffs ranging from 8 percent to 30 percent on steel products.

One year later, there was so much international backlash and bad economic consequences, that he got rid of the tariffs. Top advisers warned about retaliation from other countries. The Defense Department warned about how this will affect close allies. But Trump was eager to make the announcement anyway. And in a room full of steel and aluminum executives at the White House, he said, you know, when it comes to a time where our country can't make aluminum and steel, you don't have a country.

Stock market didn't take kindly to this announcement, the Dow dropped 500 points. They're now saying that we are approaching a bear market. Some people are saying that in the next few days, the -- the bears will take over, and we could drop anywhere. I've heard the kindest drop of 2,000 additional points, all the way to 5,000 points.

Companies that make products with steel and aluminum are not happy. Already warning about losses of jobs in those industries and increased prices for consumers.

Increased prices for consumers? Wonder where they got that idea. Oh, that's right. That's right. History.

Ben Sasse had a surprisingly strong reaction in a statement saying, let's be clear, the president is proposing a massive tax increase on American families. You would expect policy this bad from a leftist administration, but not a supposed Republican one.

Why now? Perhaps Donald Trump thought it would end his week of bad press on a more positive note. I'm doing something for the American workers, but if that was his strategy, it is going to backfire.

RADIO

Glenn says we’re at a possible TURNING POINT toward dictatorship

Glenn says we're at exactly the same place so many countries have faced before: a turning point possibly towards dictatorship. It may not end that way — but it's time we WAKE UP and realize that's where we're heading. Eric Clapton is now facing cancelation, and if the far left can do that to a rock n roll LEGEND, what can they do to you?

RADIO

Refugee: 'American Wokeism Worse Than North Korea' | Yeonmi Park | Ep 111

Yeonmi Park experienced freedom for the first time at 13, when she watched "Titanic." She didn't see it in a plush movie theater seat; she watched it over the course of several days because electricity is sporadic in North Korea, where she grew up. "We don't have a word for oppression," Yeonmi tells Glenn. "There is no hope. There is no moving forward. You are doomed." Against unbelievable odds, Yeonmi escaped and eventually made it to New York City. Then, she went to Columbia University, where she couldn't believe how American students defined "oppression." She and Glenn discuss the ridiculousness of pronoun checks, the consequences of White House-led censorship, the importance of the Second Amendment, the authoritarianism of Big Tech, and the insanity of corporations' love affair with China. But even more shockingly, she explains her fear that where her new country is heading could be worse than what she escaped: "Even North Korea wasn't as crazy as American wokeism."

BLOG

Glenn Beck: Rand Paul was RIGHT to say Dr. Fauci LIED about gain-of-function

The corporate media is doing everything it can to protect Dr. Anthony Fauci after Sen. Rand Paul (R-Ky.) roasted him for allegedly lying to Congress about funding gain-of-function research in Wuhan, China.

During an extremely heated exchange at a Senate hearing on Tuesday, Sen. Paul challenged Dr. Fauci — who, as the director of the National Institute of Allergies and Infectious Diseases, oversees research programs at the National Institute of Health — on whether the NIH funded dangerous gain-of-function research at the Wuhan Institute of Virology.

Dr. Fauci denied the claims, but as Sen. Paul knows, there are documents that prove Dr. Fauci's NIH was funding gain-of-function research in the Wuhan biolab before COVID-19 broke out in China.

On "The Glenn Beck Program," Glenn and Producer Stu Burguiere presented the proof, because Dr. Fauci's shifting defenses don't change the truth.

Watch the video clip below:

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.

TV

Marxist Methods: Debunking the Left's LIES About Critical Race Theory

We've heard a lot about critical race theory lately, and for good reason: It's a racist ideology designed to corrupt our children and undermine our American values. But most of what we see are the results of a process that has been underway for decades. And that's not something the mainstream media, the Democrat Party, and even teachers unions want you to know. They're doing everything in their power to try and convince you that it's no big deal. They want to sweep everything under the rug and keep you in the dark. To fight it, we need to understand what fuels it.

On his Wednesday night special this week, Glenn Beck exposes the deep-seated Marxist origins of CRT and debunks the claims that it's just a harmless term for a school of legal scholarship. Newsweek opinion editor Josh Hammer joins to argue why we must ban critical race theory from our schools if we want to save a very divided nation.

Watch the full "Glenn TV" episode below:

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.