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Commerce Secretary Howard Lutnick Completely Wrecks CBS''s Margaret Brennan After She Makes an Absurd Accusation Regarding Trump''s Tariff Strategy (VIDEO) |
2025-04-07 |
[THEGATEWAYPUNDIT] Far-left ''Face the Nation'' Host Margaret Brennan, who infamously became a meme in January after getting humiliated by Vice-President JD Vance, face-planted once again on Sunday after trying to mock the Trump Administration on international trade. As The Gateway Pundit reported, President Donald Trump ![]() announced on Wednesday the implementation of a 10% baseline tariff on all imports, effective April 5, 2025. The worst offenders will be hit with even tougher measures on April 9. Speaking from the White House Rose Garden, President Trump proclaimed April 2 as ''Liberation Day,'' marking a new era of economic independence. He emphasized that this measure is essential to protect American jobs and revitalize domestic manufacturing. The White House also released a detailed chart showing how badly many countries have been ripping off American workers, charging high tariffs on U.S. goods while benefiting from America's generosity in return. Brennan brought on Commerce Secretary Howard Lutnick to supposedly discuss his thoughts on the tariffs, mainly how they calculated how much each country would face in reciprocal tariffs. But she instead tried to embarrass him with an asinine accusation instead. ''When we saw the President in the Rose Garden holding up that chart you helped make, that wasn't actually tariffs,'' she said. ''That was actually confusing to investors because it was some kind of formula, and the countries themselves seemed kind of random.'' ''Why are the Heard Island and McDonald Islands, which don't export to the United States—Why do they face a 10% tariff? Did you use AI to generate this?'' She asked. Artificial intelligence? Does she seriously think an administration full of incredibly successful businessmen like Trump and Lutnick is that careless? Lutnick laughed off Brennan's silly remark and gave her a valuable economic lesson. ''No!'' Lutnick said. ''The idea is—If you leave anything off the list, the countries that try to basically arbitrage America go through those countries to us.'' ''The president put tariffs on China in 2018, and what China started doing is they started going through other countries to America,'' he added. ''They just (passed products) through other countries to America.'' Lutnick added that Trump was fed up with this loophole and knew exactly what must be done to solve the cheating. |
Posted by:Fred |
#9 When Hoover signed Smoot Hawley, the US had both a foreign trade surplus - the opposite of today - and many products were being over produced in numbers not justified by the market. Smoot Hawley had a negative effect on the US economy, because so much of the US production went overseas, and foreign nations raised reciprocal tariffs. The US problem now is underproduction and a trade deficit. The point of tariff is to make US production viable again. |
Posted by: jc 2025-04-07 23:55 |
#8 Margaret hasn't been the same since she left CNBC. I guess she feels more at home now. |
Posted by: DooDahMan 2025-04-07 22:29 |
#7 Canada…. Just sayin’. |
Posted by: Grampaw Brown7138 2025-04-07 16:21 |
#6 EC, as I’m sure you are aware, Europe needs to get its own house in order. Your country is a mess after years of insane energy policies and the importation of third world migrants. No need to focus on old Uncle Sugar. |
Posted by: Remoteman 2025-04-07 15:32 |
#5 Ackshuallllly Tariffs May Work For the US, that is. Maybe not for the rest of the world |
Posted by: Grom the Affective 2025-04-07 09:36 |
#4 Sorry, EC those are faux government numbers on today's unemployment. They do not use the same metrics today they used back in the 30s. Not employed for 'x' number of months, you are no longer counted. |
Posted by: Procopius2k 2025-04-07 09:31 |
#3 "By 1933, the U.S. unemployment rate had risen to 25%, about one-third of farmers had lost their land, and 9,000 of its 25,000 banks had gone out of business. President Herbert Hoover was unwilling to intervene heavily in the economy, and in 1930 he signed the Smoot–Hawley Tariff Act, which worsened the Depression." https://en.wikipedia.org/wiki/Great_Depression Current unemployment in the U.S. is 4.2%. Tariffs won't bring back employment. They'll bring back recession. |
Posted by: European Conservative 2025-04-07 08:19 |
#2 We're not talking trade. We're talking unemployment. This is Wall Street vs Main Street. We've been importing unemployment since the 90s. Times are a changing. |
Posted by: Procopius2k 2025-04-07 07:13 |
#1 Sure. We know that penguins are cheating bastards. They even wear suits to fool you. |
Posted by: European Conservative 2025-04-07 06:31 |