00:00we all are hearing about tariffs today tariffs tariffs tariffs and intuitively we say it's a
00:05good thing but some people are saying well maybe not maybe it's going to trigger a trade war uh
00:11why is he raising tariffs on aluminum and steel imports what's going on is it a new golden age
00:18for american steel and aluminum what's going on out there now i i thought it's worth talking about
00:24because it's not self-evident and we have to study it and before i talk about tariffs today
00:30on the savage nation i hope you like my red outfit with my red savage nation hat before we talk
00:37about
00:37that i want to start with something long forgotten down the memory hole is america's former private
00:45road system it's very important that you have to listen to this because anything with a private
00:51component is off the table for marxists no matter how much it might help those middle-class working
00:57people that the left claims to care so much about republicans want to privatize everything
01:03and democrats want to socialize everything the democrats won't even listen to a suggestion
01:08to give the private sector a crack at anything neither will a lot of republicans for that matter
01:15this despite everyone acknowledging that the government has failed on virtually every level
01:20so trump is now passing uh what is common sense and you'll find out today that it's not so novel
01:27tariffs were part of this country from the beginning but we know that trump substantially raised tariffs
01:33on steel and aluminum just recently it was just monday to a flat 25 percent he said without exceptions
01:39or exemptions he wants to aid struggling industries in the united states but it also sparks
01:46what a trade war no i don't think it'll spark a trade war in fact the best article on this
01:52topic
01:52was written by peter navarro who incidentally was put in prison by biden and his gang
01:59for many things he didn't do but no doubt because he was certainly in favor of america first
02:06aluminum and steel are not just pillars of the domestic economy but they're foundational to our
02:12national security they're very important and that's why trump signed pro proclamations pardon me
02:19to restore and strengthen the section 232 tariffs he boldly implemented in 2018 he's going back to what
02:25he did in 2018 all over again what he wants to do is save the steel industry he wants to
02:31save us from
02:32what biden did to us leveraging biden's weaknesses china and russia would transship steel through mexico
02:42and canada japan amidst its declining domestic demand would target the american market with high value
02:51specialty steel products that undercut u.s producers canada's government put nearly a billion dollars
02:58into aceler mital's facilities and they what they did was they transitioned their outdated blast
03:07furnaces into modern direct reduced iron electric arc furnaces to create better steel at lower prices
03:13these massive government subsidies in canada gave canada's national steel champion an unfair competitive
03:20advantage over our own steel companies i could tell you more about it including what mexico did to us
03:27under biden i can tell you what south korea did to us under biden but you need to know the
03:33bottom line
03:34what are tariffs and how do they work and who pays for them do you know that domestic steel capacity
03:39utilization has dangerously dropped to 74 percent well below the the sustainable 80 percent threshold that
03:47we need to make sure that we can make enough steel for our military and national defense in general
03:55america's aluminum producers have been equally hard hit australia has doubled its primary aluminum
04:01exports to the u.s while foreign competitors including adversaries like china and russia aggressively have
04:07used transshipment loopholes through mexico and canada to evade and circumvent tariffs that is why trump
04:14acted this week to impose tariffs on steel and aluminum as imports have surged domestic aluminum production has
04:23fallen by 30 percent listen to this carefully smelter utilization rates have dropped to nearly 50 percent
04:29in june of 2022 who was president then in june of 2022 century aluminum century aluminum idled its
04:38hawseville kentucky smelter alcoa announced the permanent closure of its washington state in talco smelter
04:45in march of 2023 while magnitude 7 metals in missouri can't curtailed operations at its new madrid smelter
04:52in early 2024 it's one thing after another the country was dying under biden and it all reduced the
04:58number of active primary aluminum producers in the u.s so to strengthen and reinvigorate our pillar
05:04steel and aluminum industries president trump has reinstated the across the board 25 percent tariff on steel
05:14imports and raised the aluminum tariff from 10 to 25 while eliminating all country specific exemptions
05:23and alternative agreements you got to hear about china and russia because they and other foreign nations
05:30including some you never heard of were using canada and mexico as trans shipment hubs the trump 2.0 tariffs
05:38are going to ensure that all imports regardless of their processing location are going to be subject
05:46to tariffs through the use of north american melt and pour and smelt and cast standards for steel and
05:53aluminum respectively i think you've got the picture trump is a hundred percent right okay the trump 2.0
06:01tariffs crack down on the shell game of using derivative products to evade tariffs countries like china
06:08russia and others now ship semi-finished steel or aluminum into mexico into canada or the eu where
06:16it is lightly processed and then they get around it now here's the kicker before i go on this topic
06:21you're
06:21not going to believe this you're ready for this one ukraine corrupt ukraine corrupt ukraine which can't
06:29account for 100 billion dollars of tax dollars sends semi-finished steel to be processed in poland
06:36where it is exported as a derivative product to the united states thereby avoiding section 232 tariffs
06:44and anti-dumping duties that's your friend zelensky that's uh what's another subtext of this whole
06:51story that's going on so you've got to understand the u.s customs and border protection will make sure
06:57there is nowhere to run and nowhere to hide for the tariff evaders we're going to be stronger and we're
07:03going to be wealthier thanks to donald trump
07:05you
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