00:00Trump's remaking the United States of America. We can start there with tariffs. What are we talking about?
00:05No tacos for Trump. The effective tariff rate, get this, 18 percent. It is the highest, Omar, the highest since the 1930s up from, get this, just 2 percent last year.
00:17As I'm going to talk about in this segment, I can't think of a more influential president during this century.
00:24And it starts here with tariffs. He said he was going to raise tariffs. And despite the claims otherwise, he is, in fact, doing that.
00:31The effective tariff rate at this point looks to be nine times as high as it was last year, the highest since the 1930s in FDR, Omar.
00:41And the effective tariff rate is up from 2 percent last year, for those that might see the banner there.
00:46Tariffs, though, aren't the only way Trump's remaking policy in America, right?
00:50It is not the only way that Trump is remaking America. What are we talking about?
00:56Well, let's jump. The other big thing that Trump ran on, right, was immigration.
01:01How about net migration in the United States? Get this. It's down. It's going to be down at least 60 percent.
01:08We may be dealing with, get this, negative net migration to the United States in 2025.
01:14That would be the first time there is negative net migration in this country in at least 50 years.
01:20We're talking about down from 2.8 million in 2024.
01:24So Donald Trump has always run on tariffs and he's run on a hawkish line on immigration.
01:30And on both of those issues, we are seeing record high tariff rates for this century going all the way back, well back into the early part of the 20th century.
01:39And when it comes to immigration, net migration, we are seeing record low levels, way down from where we were during the Biden administration.
01:46We are potentially looking at negative net migration for the first time in at least 50 years.
01:51And that is a big reason why that I'm saying that Trump, at least in my mind, is the most influential president, certainly this century,
01:57and probably dating a good back chunk into the 20th century as well, Omar.
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