{"id":280389,"date":"2018-07-26T16:10:00","date_gmt":"2018-07-26T20:10:00","guid":{"rendered":"https:\/\/admin.rushlimbaugh.com\/?p=280389"},"modified":"2018-07-27T16:25:37","modified_gmt":"2018-07-27T20:25:37","slug":"trade-war-surrender-trump-brings-eu-to-its-knees","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2018\/07\/26\/trade-war-surrender-trump-brings-eu-to-its-knees\/","title":{"rendered":"Trade War Surrender! Trump Brings E.U. to Its Knees"},"content":{"rendered":"

RUSH: So we have the trade wars: The Drive-Bys are refusing to credit President Trump for bringing the European Union to its knees. And now it\u2019s on to the ChiComs, it\u2019s on to Mexico, it\u2019s on to Canada, and all of these are going to happen. And it\u2019s all according to plan. If you\u2019re gonna do tariffs, you do it when your economy is roaring, and ours is. And what Trump said he wanted, no tariffs, no taxes, no barriers.<\/p>\n

\"\"<\/p>\n

The rest of the world has gotten used to us behaving over the years like we owe the world something because we\u2019re so much larger and so much more prosperous. And we need to, you know, have limits on how big we can get because it just isn\u2019t fair. Of course there\u2019s more hideous reasons for this behavior as well. But those days are over. The Make America Great days are here and the greater America is, the greater the world is gonna be.<\/p>\n

It\u2019s that simple. It\u2019s not arrogance. It\u2019s not hubris. Because there can never be too much prosperity and there can never be too much freedom. But there can sure be not enough of it, and that\u2019s what you have if you have a weakened United States. And you\u2019re not gonna have a weakened United States with Donald Trump at the helm.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Secretary of State Mike Pompeo just took the United States Senate down to town yesterday. You talk about a guy who said it like it is, was running interference for President Trump and simply swatted away every mindless little allegation. Pompeo was on fire. He was fabulous the last couple days. We have audio sound bites coming up as the program unfolds before your very eyes and ears today.<\/p>\n

Now, piece by piece, Donald Trump is handling every trade situation. Piece by piece, Donald Trump is fixing the legion of trade imbalances this nation has had to put up with for decades. European Union, as of yesterday, done. Now, it may not be politic to say that the European Union caved, but it\u2019s pretty accurate nevertheless.<\/p>\n

Donald Trump told them what was gonna be and how it was gonna be, and they resisted, and they went to their friends in the media, and they said, “This guy\u2019s crazy. We can\u2019t do business with a guy like this. This guy\u2019s trying to alter all these years of business of status quo,” and Trump said this is the way it\u2019s gonna be.<\/p>\n

\"\"<\/p>\n

And Trump said (paraphrasing), “I\u2019ll tell you what we\u2019re looking for. Down the road, we want no barriers, we want no tariffs. I hate tariffs. I don\u2019t want tariffs anywhere. But we\u2019re the ones paying \u2019em. The United States has been facing tariffs worldwide. I\u2019m not imposing tariffs on anybody. I\u2019m reciprocating.”<\/p>\n

And he is and has been. China has been placing tariffs, not us. You know, I\u2019m stunned, I have to say. Given that the Republican Party\u2019s the party of Reagan, the party of Jack Kemp, the party of supply-side economics, I\u2019m stunned at how many Republicans do not know how to talk about this tariff business. We didn\u2019t put tariffs on anybody. The ChiComs did this. And the Europeans have done it and the Canadians and the Mexicans. And it\u2019s been part of the fabric of foreign policy for I don\u2019t know how long.<\/p>\n

Donald Trump\u2019s been complaining about it since the 1980s. He ran for president on the premise that all of this was unfair and it existed because our leaders have been stupid in allowing it. Now he\u2019s fixing it. And he\u2019s doing it while our economy is roaring, which is the only time you should take this kind of drastic step.<\/p>\n

But the European Union came home yesterday. They acknowledged they want to get to where Trump is demanding we all get. You can\u2019t get more fair than no tariffs. You can\u2019t get a more level playing field than no taxes. And this is what Trump wants all over the world, by the way. And he\u2019s handling every situation independently piece by piece. European Union, pretty much done. NAFTA, redoing NAFTA, almost done.<\/p>\n

This new president of Mexico has appointed a new negotiator who sees it Trump\u2019s way. Mexican president, similar personality to Trump, wants to work with him, get it done. This Macron — it is not Macron. The Canadian. What\u2019s his name? I\u2019m having a mental block. Who\u2019s the little guy running — whatever, Trump can handle this guy in his sleep. And that\u2019s gonna get done. I don\u2019t mean that in an insulting way. I\u2019m just saying that Trump is going to be able to get this done.<\/p>\n

China has just begun negotiating. Larry Kudlow sent the ChiComs a message at the Seeking Alpha conference, and he said what is true, that the rest of the world needs us. The rest of the world cannot survive without you. You are the United States market. And the United States market is the market that makes the world go round.<\/p>\n

You know all this talk about the left periodically starts complaining about all this conspicuous consumption. You remember Ernest Hollings, the former senator of South Carolina, once complaining, “Too much consuming going on out there. We need dial back on all that consuming. We need to slow down our economic activity. There\u2019s way too much of it going on out there.”<\/p>\n

That\u2019s you, folks. And the United States market is the market everybody in the world wants access to. We have the wealth, we have the standard of living, we have the prosperity. The world\u2019s products are bought and sold. And in this the country many people have been led to believe that if it\u2019s from France, it\u2019s sexier, and if it\u2019s from China, it\u2019s more technologically advanced and innovative. And if it\u2019s from the U.K. it\u2019s a little bit better quality if we\u2019re talking about cheese or high end cars. Same thing with Germany.<\/p>\n

\"\"<\/p>\n

So all of these imported products that Americans snap up and buy up we have been told over the years that, man, that stuff is really good. That\u2019s why the buy America movement occasionally percolates. People claim American-made products are just as good. They just happen to be more expensive. And why is that? Well, because our goods have tariffs slapped on \u2019em when we export them to China or Mexico or the European Union because those nations do not want our products.<\/p>\n

Those nations want in our markets. But they don\u2019t let us in their markets. And that\u2019s what Trump is objecting to. And situation by situation, piece by piece, Donald Trump\u2019s in the process of fixing it, and he\u2019s doing it from the standpoint that we have nothing to feel guilty about, that we have nothing to be ashamed of, that we have no price we have to pay for being so much larger than anybody else. And mathematics is mathematics. No taxes, no tariffs, as goods move back and forth is the essential, quintessential definition of fair. Because then what matters is quality and abundance, supply and demand. But it doesn\u2019t work if we don\u2019t have access to their market, if our goods cannot make it into the markets of other countries.<\/p>\n

You might say, “Well, why should we care, Rush, because you just said that our market is the world\u2019s market.” Yes, it is. But take a look at the ChiComs. The ChiComs have a billion people, more than that. And the ChiComs are having an economic expansion. It goes up and down. Their people are getting wealthier. Their people end up with more disposable income.<\/p>\n

It\u2019s a huge market that many American industries want into. Future buyers over there. They\u2019re not letting us. But they will. Trump is gonna succeed. Meanwhile, the Drive-Bys cannot even write about it, they cannot even be honest and give Trump credit for it. In fact, they\u2019re trying to blame Trump for this happening.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: People forget we bailed out Europe, our Fed did in 2008. Remember all the talk, Greece, Italy, all these countries going belly up? They need us. It\u2019s not the other way around. We finally have a president who understands the perspective.<\/p>\n

BREAK TRANSCRIPT<\/p>\n

RUSH: Yeah. It was Justin Trudeau. The Canadian leader. I knew that. Just having a mental block, a brain freeze up there, but I finally figured it out. Welcome back, folks. Rush Limbaugh and the EIB Network at 800-282-2882 if you want to be on the program. The networks have refused to declare Donald Trump victorious as the European Union buckled. They caved. Wednesday press conference at the White House Rose Garden, Trump and the chief executive of the E.U., a man named Jean-Claude Juncker “announced that the two trade partners are moving forward on a plan to end the trade war.”<\/p>\n

\"\"Yes! (chuckling) It\u2019s over. It\u2019s gonna be over pretty soon. Juncker\u2019s presence at the White House illustrated that it was the E.U. that caved. I mean, that\u2019s what that means. He came over here. They acquiesced. Folks, there\u2019s no other way this was gonna happen. They all need us. We defend the E.U., we protect the E.U., we bail them out! We\u2019ve been bailing them out since World War Two. We don\u2019t hold it over their heads. I don\u2019t mean to sound like I\u2019m doing that now. I\u2019m giving you the lay of the land. The reality is they can\u2019t go it without us.<\/p>\n

They can\u2019t remain who they are unless we remain who we are, and in a significant leadership position, powerful leadership position. They know it. They\u2019re not gonna acknowledge it. We have presidents like Obama where we don\u2019t acknowledge it. In fact, we try to change that dynamic because leftists resent the power and the size of the United States. But, for example, during World News Tonight on ABC last night, they were so against declaring the Trump the winner they insisted that he was the one that failed under pressure.<\/p>\n

The anchor David Muir began the segment, “To the president tonight, under pressure after his own tariffs ignited a trade war. Well, tonight the president with a new promise, reaching out to the European Union. He called them a foe just a week ago, but late today calling a press conference outside the White House to say they will now work together.” The E.U. guy came here. This is willful ignorance, and it\u2019s either that people like David Muir and the other anchors don\u2019t really know what is happening here — which is possible. It really is.<\/p>\n

I mean, they\u2019re not much older than Millennials themselves, and their life experience is pale in comparison to their predecessors. They do, folks. I mean, the wardrobe is a trench coat and, when there\u2019s a disaster, you find the nearest hotel, and you go over there on a private plane, and you\u2019re a journalist. And you report from five miles away from the disaster. But you\u2019re on the scene, and that means you have the world experience and you\u2019ve seen the suffering.<\/p>\n

You have seen the suffering brought on by the unfair imbalance of power in the world — the United States unfairly at the top, blah, blah, blah. But the people in the European Union understand. Terry Moran, the lead foreign correspondent (which means he has dibs on the trench coat at ABC News) said, “Trump was reeling under increasing pressure from American farmers, congressional Republicans, and nervous Wall Street investors. President Trump suddenly shed his trade warrior persona today and declared a truce with the European Union.”<\/p>\n

This supposed Trump capitulation to Europe was the sole theme of this report. On NBC, they barely touched on the story because they know. So the bottom line is that the European Union caved. The ChiComs are gonna cave. Mexico\u2019s gonna cave. Trudeau and Canada is gonna cave. It won\u2019t be portrayed that way, but we will prevail in these trade wars. Trump doesn\u2019t like tariffs. You know what this is? In a way, what this is… Let me give you an example from Sidney Powell\u2019s book, Licensed to Lie.<\/a><\/p>\n

\"\"<\/a>That book is about… Just briefly let me rehash this to set up the example. It\u2019s about the Enron task force at the Department of Justice. In fact, many of those lawyers are on the Mueller team. It is about how they disregarded the law in pursuit of the so-called guilty. It is how they stacked the deck. It\u2019s how they suborn perjury among witnesses. It\u2019s how they totally gamed and rigged the Ted Stevens case, which was really a bastardization of justice.<\/p>\n

And many of the same people on the Stevens case, on the earn task force who are now on the Mueller investigative team led by a guy named Andrew Weissmann — whose boss back in those days was Christopher Wray who currently is the director of the FBI. I mean, it\u2019s a circuitous, incestuous group of people that play musical chairs inside the Department of Justice and the FBI. At any rate, at about the middle of the book, in the case against Ted Stevens, the judge just lashes out at the prosecutors and reads them the Riot Act, and then appoints a special counsel to begin investigating the investigators.<\/p>\n

It was amazing. The investigators got a taste of their own medicine! They had never been investigated by law enforcement. They had never been falsely accused. They had never been threatened with jail time. They had never been jailed in lieu of bail. None of what they do to people had ever happened to them — and when it did, they broke. They couldn\u2019t handle it. They caved like a bunch of beaten puppies. Sidney Powell writes about this somewhat extensively<\/a>, and it\u2019s a great example.<\/p>\n

Here you have these people from the DOJ in these cases, Enron and Ted Stevens. They have all of this power, and they do it without any compassion, without any human-interest concern at all for the people they\u2019re pursuing. They\u2019re notching their belts as prisoners are denied bail. Family men with wives and children and all, people who never faced the criminal justice system before, people in many cases being famously accused by these guys. They\u2019re being sent away to jail with their lives in the balance being ruined!<\/p>\n

And they\u2019re applauding each other and they\u2019re relegating, celebrating all the power they have to do this. And then the tables end up being reversed, and it happens to them. And they can\u2019t handle it. And they get a taste. It\u2019s a little schadenfreude is the term. They get a little taste, just a little taste of the grief they were routinely passing out to other people. Well, in a way it\u2019s the same thing with these trade deals. The imbalance has been anti-U.S.<\/p>\n

We\u2019ve been on the short end of the stick for so long that everybody involved just assumed that that was the world order. This was the structure, and everybody agreed — from one deep state to the next, from one group of elites to the next — that everybody would have access to the U.S. market but the U.S. would not have access to theirs, and this was fair because the United States was unfairly large and unfairly wealthy and unfairly prosperous and unfairly dominant.<\/p>\n

\"\"So the rest of the world having access to our markets was the only fair thing that could happen, and every president in the past has gone along with it, and we have ratcheted up this situation with further trade deals. The Trans-Pacific Partnership, NAFTA, any number of these things creating the World Trade Court, on the Internet Trade Council where disputes would be adjudicated and the puss always on the short end of the stick. Well, what Trump has done here with the slapping of tariffs is to show these other nations what it\u2019s been like for us.<\/p>\n

They\u2019re getting a taste of what it\u2019s been like, and that\u2019s why they\u2019re coming running. Now, the standard operating procedure is that tariffs are bad. “Tariffs are taxes! We are Republicans; we oppose taxes. Tariffs on American exports are only gonna hurt American manufacturers.” Yeah. That\u2019s true, for the time being. That\u2019s why you only do this kind of thing when your economy is roaring, which ours is. And that\u2019s why Trump proposed a little fund of $12 billion to help some of our agricultural people withstand the pain that necessary to fix the circumstance.<\/p>\n

But what is happening here? The ChiComs and the European Union, the Mexicans and the Canadians and any other trading partners now with tariffs slapped on them are getting a taste of what it\u2019s been like. Except it\u2019s even worse for them because they don\u2019t have the wealth and the prosperity and the growth and the dominance that we do. But the real outrage here is that previous American presidents, leaders, administrations, Congresses have accepted this arrangement under the guise that, well, we kind of owe this to the world, \u2019cause it is kind of unfair that we\u2019re so prosperous, and it is kind of unfair that we\u2019re so big, and it\u2019s unfair we\u2019re so powerful.<\/p>\n

And so to show them that we don\u2019t intend to use all of our wealth, prosperity, and power to harm them, yeah, go ahead, put a tax on our exports.”<\/p>\n

And everybody got used to doing business that way. Because you had to. But since the 1980s there\u2019s a guy named Donald Trump who\u2019s been out there who\u2019s been affected by this, international real estate developer, he\u2019s been affected by it.<\/p>\n

And he\u2019s had no uncertain unkind terms for the ChiComs. They also manipulate their currency in addition to this gigantic trade imbalance we\u2019ve had with them, and he\u2019s been fit to be tied about the ChiComs. He\u2019s taking them on and they\u2019re gonna be brought to heel.<\/p>\n

At the end of the day no matter what you\u2019ve been told by the Democrats, Barack Obama and the media, the rest of the world needs the United States. They need you! They need you and your job and your commerce and what you do living your life every day. They need you consumering. They need you living your life. They need a strong United States economy. They need a low oil price.<\/p>\n

\"\"Look at what the Germans had. The Germans had to make a side deal with Putin for natural gas \u2019cause they can\u2019t provide it on their own. Well, we have more than enough gas we could sell \u2019em. Trump was livid with Angela Merkel for going to Putin and not coming to us. We\u2019re a NATO partner, after all. Well, that\u2019s what Donald Trump\u2019s doing.<\/p>\n

None of what I just told you is the way this is being reported. The way it\u2019s being reported is that Trump\u2019s being a bully, that Trump\u2019s being selfish, that Trump wants all this because there\u2019s some secret benefit to him, probably violating a law that we don\u2019t know about, him and his family. And Trump is being a brute, he\u2019s running around, he doesn\u2019t care who in the world gets hurt. He wants this for himself for some reason, and he\u2019s stubborn and so forth, and he\u2019s gonna end up breaking this existing world order. That\u2019s how it\u2019s being reported.<\/p>\n

It\u2019s also being reported that these world leaders Trump is talking to, like the European Union guy and China, that they\u2019re resisting Trump and that Trump is having to eventually abandon his position and come back to it with his tail between his legs. It couldn\u2019t be further from the truth. They\u2019re lying through their teeth to you about how these trade deals and tariff situations are being resolved.<\/p>\n

Let\u2019s quickly go to the audio sound bites from the Rose Garden yesterday starting here with number 2. This is Trump and the European Commission president Jean-Claude Juncker. And this is a portion of Trump\u2019s remarks…<\/p>\n

THE PRESIDENT: We agreed today, first of all, to work together toward zero tariffs, zero non-tariff barriers, (edited applause starts) and zero subsidies on non-auto industrial goods. This will open markets for farmers and workers, increase investment, and lead to greater prosperity in both the United States and the European Union. It will also make trade fairer and more reciprocal. My favorite word: reciprocal.<\/p>\n