Trump Announces Plan To Wreck The Economy On Tuesday

Donald Trump announced this week that he is going to implementing the 25% tariffs on both Canada and Mexico, along with an additional 10% tariff on China, this coming Tuesday, March 4th. Economists have been repeatedly warning that the country is barreling towards a recession, and this move is going to exacerbate the speed at which we arrive at that point. No good will come from this move, as Ring of Fire’s Farron Cousins explains.

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

Donald Trump officially announced this week that on Tuesday, March 4th, he's gonna start the complete and total destruction of the US economy. Now granted that's not exactly what he said, but what he said would end up resulting in the destruction of the United States economy according to pretty much every credible economist out there. See, for the last few weeks, economists have been sounding the alarm bells about the fact that we are about to hit a massive recession. In fact, one of them was quoted as saying a deep, deep recession. The reason for that, of course, is multi-pronged. We have the mass deportations that are taking workers away from the United States, leaving farmers, leaving contractors, all sorts of industries without anybody to do the work. Second, of course, we have tens of thousands of government workers across the country losing their jobs. That is one of the biggest things that these economists say is gonna drive us towards a recession.

And then Donald Trump's tariff plan, which of course is what is going to be going into effect on March 4th with the 25% tariffs on Canada, 25% tariffs on Mexico, and just for the hell of it, another 10% tariff on China. This is going to drive prices for American consumers absolutely through the roof, even though Donald Trump continues to insist falsely that, uh, the other countries pay those things. But here is what Donald Trump said in his announcement this week. Drugs are still pouring into our country from Mexico and Canada at very high and unacceptable levels. A large percentage of these drugs, much of them in the form of fentanyl, are made in and supplied by China. More than 100,000 people have died last year. Due to the distribution of these dangerous and highly addictive poisons, millions of people have died over the last two decades. The families of the victims are devastated and in many instances, virtually destroyed. We cannot allow this scourge to continue to harm the USA and therefore until it stops or is seriously limited. The proposed tariffs scheduled to go into effect on March 4th will indeed go into effect as scheduled. China will like, uh, likewise be charged an additional 10% tariff on that date. The April 2nd reciprocal tariff date will remain in full force and effect. Thank you for your attention on this matter. God bless America.

In his cabinet meeting this week, he actually said that it was 300,000 people that died last year. In his announcement, he said it was a hundred thousand that died last year. According to the actual numbers, it was only 55,000, which is still a lot. Don't get me wrong. And yes, these drugs are dangerous. They're deadly. They are killing people. They have not killed millions of people over the last few decades, just to be clear. But it is a problem, and it's a problem that's existed for decades. And it's not something that Donald Trump is going to solve overnight. It's

Not, not something that we're gonna solve in five years. It's literally a problem that has effectively always existed. Not to mention the majority of drugs in the United States are actually just homegrown drugs. So no, we're not getting the majority of it from overseas. The majority of it is from right here in the good old US of a. But because Donald Trump doesn't understand that, or he doesn't want to understand that he's gonna put the tariffs in place on Tuesday, and prices for consumers are going to go sky high, we are the ones that will be paying those tariffs.