What Trump JUST Said about His 2025 Plan.
Summary
TLDRThis video breaks down Donald Trump's economic plan, dubbed 'Trumponomics,' focusing on lower taxes, potential interest rate cuts, and tariffs. It discusses the impact on inflation, the likelihood of Trump's election, and his negotiation strategies with China. The video also speculates on potential cabinet picks and the political climate, offering a balanced view on Trump's economic policies.
Takeaways
- 💼 Donald Trump's economic plan, known as 'Trumponomics,' focuses on lower taxes and lower interest rates.
- 💡 Wall Street firms predict higher debts, tax cuts, and increased spending under Trump could lead to inflation, but the speaker disagrees, citing low inflation during Trump's previous term.
- 🏦 Trump is likely to let Jerome Powell finish his term as Federal Reserve Chairman, but there's pressure for rate cuts, which could intensify if Trump wins the election.
- 🌐 Trump credits the 25th President, William McKinley, for growing the economy through tariffs, but the economic context then was different from today's.
- 💔 The Peterson Institute suggests Trump's tariff plan could cost the average American household $1,700 annually, but the speaker disputes this based on current supply chain dynamics.
- 🛑 Trump prefers tariffs over sanctions as a negotiating tool, aiming to use them to secure better trade deals.
- 🚫 Immigration restrictions are a key part of Trump's economic strategy, with plans to cut corporate taxes and renew the 2017 Tax Cuts and Jobs Act.
- 💬 There's speculation about potential Treasury Secretary candidates like Jamie Diamond, and Trump's stance on various economic issues is nuanced, balancing protectionism with negotiation.
- 🌐 Trump's stance on Taiwan includes criticism of the U.S. losing chip manufacturing to the region, but also hints at potential negotiations for protection money.
- 💰 The speaker believes Trump's economic policies, including tax cuts, are beneficial for America and unlikely to cause inflation, contrasting with some institutional views.
Q & A
What is the main economic plan being discussed in the video?
-The main economic plan discussed is 'Trumponomics,' which focuses on lower taxes and lower interest rates.
How do Wall Street firms view Donald Trump's potential impact on inflation?
-Wall Street firms believe that Trump's policies, such as higher debts, tax cuts, and stimulating spending, could lead to increased inflation.
What was the inflation trend during Trump's previous term, particularly after the Tax Cuts and Jobs Act of 2017?
-After the Tax Cuts and Jobs Act of 2017, inflation trended around low levels, with the multivariant core inflation never exceeding 2.8 and actually trending down.
What is Donald Trump's stance on Jerome Powell and the Federal Reserve?
-Trump has stated that he would let Jerome Powell finish his term, ending in May 2025, but this is seen as a backhanded threat, implying that Powell should not cut interest rates before the election.
What is the current speculation about Joe Biden's potential withdrawal from the presidential race?
-There is speculation that Joe Biden might drop out of the presidential race soon, with some sources suggesting it could happen by the end of the week.
How does Trumponomics view tariffs and their impact on the economy?
-Trumponomics supports the use of tariffs, particularly on China, as a tool for negotiation and economic protection, rather than sanctions which are seen as economic punishments.
What is the Peterson Institute's prediction regarding the impact of Trump's tariff plan on American households?
-The Peterson Institute predicts that Trump's tariff plan could increase the annual cost for every average American household by $1,700.
What is the historical reference to President McKinley in the context of Trump's economic plan?
-President McKinley is referenced for his ability to raise revenue through tariffs while growing the economy, but the video suggests that the economic conditions of his time were very different from today's.
What are the potential implications of Trump's immigration policies on the economy?
-Trump's immigration policies, which include restrictions and a focus on protecting American jobs, are believed to reshape the economy by reducing competition for jobs and potentially increasing wages.
What is the proposed corporate tax rate under Trump's economic plan?
-The proposed corporate tax rate under Trump's plan is 15%, which is a reduction of 6 percentage points from the current 21%.
How does Trump's economic plan compare to Biden's in terms of government spending and support?
-Trump's plan emphasizes lower taxes and less government intervention, while Biden's policies are seen as more focused on providing financial support to specific groups, which some critics view as vote-buying.
Outlines
💼 Trumponomics and Economic Predictions
This paragraph discusses the economic plan of Donald Trump, often referred to as 'Trumponomics,' which focuses on lower taxes and interest rates. The speaker challenges the Wall Street consensus that Trump's policies would lead to increased inflation, citing historical data from the New York Fed that shows inflation remained low after the 2017 Tax Cuts and Jobs Act. The speaker also touches on Trump's stance on Federal Reserve Chairman Jerome Powell, suggesting that Trump would prefer Powell not to cut interest rates before the election. Additionally, there is speculation about potential changes in the Democratic party, with rumors of Joe Biden potentially dropping out of the presidential race.
🌐 Tariffs, Trade, and Economic Growth
The speaker explores the potential impact of Trump's proposed tariffs, particularly on China, and how they compare to historical economic strategies. Trump and JD Vance are said to admire the 25th President, William McKinley, for his use of tariffs to boost revenue and stimulate economic growth. However, the speaker questions the applicability of McKinley's approach to the current economic climate, especially considering the differences in technological advancements. The Peterson Institute's claim that Trump's tariffs would cost the average American household $1,700 annually is disputed, with the speaker arguing that expanded supply chains and product saturation could mitigate the cost increase. Trump's preference for tariffs over sanctions is also highlighted, as a strategic tool for negotiation.
🏛️ Immigration, Corporate Tax Cuts, and Potential Allies
This paragraph delves into Trump's views on immigration and its impact on the economy, with a focus on the belief that immigration restrictions can reshape the economy. Trump and Vance advocate for a reduction in corporate taxes to 15%, a significant decrease from the current 21%. The speaker also speculates on potential candidates for Treasury Secretary, with Jamie Diamond being a notable suggestion. Trump's stance on not pardoning himself is mentioned, along with his views on various international issues, such as trade deficits and the importance of economic fairness. The speaker also discusses the potential for a 'red sweep' in the upcoming elections, influenced by recent events and changing public opinion.
🤝 Negotiations, Corporate Relations, and Economic Policies
The final paragraph summarizes Trump's approach to international trade and economic policy, emphasizing his negotiation tactics and relationships with corporate leaders. Trump's respect for Tim Cook of Apple is highlighted, showcasing how direct engagement can influence policy decisions. The speaker expresses support for Trump's economic policies, including lower corporate and middle-class taxes, and criticizes Biden's policies for being too interventionist. The speaker concludes by stating that they believe Trump's economic plan is beneficial for America, and they are not in favor of the Biden administration's approach to economic stimulus.
Mindmap
Keywords
💡Inflation
💡Tax Cuts and Jobs Act
💡Interest Rates
💡Tariffs
💡Trumponomics
💡Federal Reserve
💡Corporate Taxation
💡Immigration Restrictions
💡Trade Deficits
💡Art of the Deal
💡Biden's Economic Policies
Highlights
Donald Trump's economic plan, known as Trumponomics, focuses on lower taxes and lower interest rates.
Wall Street firms believe Trump's policies could lead to higher debts, tax cuts, and increased spending, potentially causing inflation.
During Trump's term, interest rates and inflation were relatively low, contrary to expectations of rising inflation.
Trump has indicated he would let Jerome Powell finish his term as Federal Reserve Chairman, with a hint of disapproval if rates are cut before the election.
Markets are pricing in a rate cut by the Federal Reserve in September, influenced by Trump's rhetoric.
There is speculation that Joe Biden might drop out of the presidential race, affecting the political landscape.
Trump credits the 25th President for enabling tax reductions through tariffs, a strategy he may employ.
The Peterson Institute suggests Trump's tariff plan could increase annual costs for Americans, but this analysis is disputed.
Trump prefers tariffs over sanctions as a negotiation tool, aiming to protect American jobs.
Immigration restrictions are a key part of Trump's economic strategy, aiming to reshape the economy.
Trump plans to cut corporate taxes to 15%, a significant reduction from the current 21%.
There is a possibility of Jamie Diamond becoming the Treasury Secretary under a Trump administration.
Trump has stated he would not pardon himself, reflecting his understanding of his powers.
Trump's stance on immigration is influenced by his belief that it negatively impacts American jobs.
Institutions are increasingly convinced that Trump could sweep the election, affecting both the House and the Senate.
An assassination attempt on Trump could potentially sway undecided votes in his favor.
Trump's negotiation tactics, such as threatening tariffs, are seen as a strategy to secure better deals for the U.S.
Trump's relationship with business leaders like Tim Cook of Apple is highlighted, showing his willingness to work with industry.
Trump's economic plan is seen as beneficial for America, with a focus on lower taxes and economic growth.
Transcripts
in this video we are going to review
Donald Trump's complete economic plan as
he just broke down in an interview with
Bloomberg it was extremely thorough we
hear about Taiwan we hear about the
Federal Reserve we hear about interest
rate Cuts we hear a lot about corporate
Taxation and we can combine some of this
with what we know and have heard from JD
Vance to get a pretty clear picture so
let's get started first there are a lot
of Wall Street firms that believe that
Donald Trump is actually going to a win
but B lead inflation to likely increase
that's because they believe that the
former president Donald Trump is going
to be more likely to run higher debts
cut taxes and basically stimulate
spending which they believe could lead
to inflation this makes sense coming out
of covid but I actually think they're
going to be wrong everybody can have
their opinion on this but it's been a
pretty clear trade that people believe
Donald Trump could actually drive
inflation up I actually don't think
that's going to happen mostly because I
look at what interest rates were When
Donald Trump was in office and after the
2017 tax uh cut and jobs act 2017 jobs
act saw a lot of stimulative growth a
reduction and Taxation we actually saw
inflation trending around pretty dang
low levels what I always like to use is
I like to use the New York fed
multivaried core Trend inflation now
that's a real really big word and don't
worry so much about that it just shows
you the trend of inflation of core
inflation uh and what you find here is
the tax cut and jobs Act was passed over
here when multivariant core sat about 2
2.8 uh and multivariant core since that
moment uh never exceeded 2.8 instead it
actually trended down so I don't
necessarily agree with the institutions
that we going to see Rising inflation
because of a presidency but I want you
to have my opinion and I want you to
know what Wall Street thinks just so you
can make up your own opinion so uh then
Donald Trump's economics plan is really
being called trumponomics and the idea
is lower taxes and lower interest rates
Donald Trump has made it very clear that
he is willing to let Donald or Drome
Powell finish out his term which ends in
the spring May of
2025 uh and he says quote I would let
him serve it out his term especially if
I thought he was doing the right thing
now this is actually a backhanded threat
Donald Trump does not want drum Powell
to cut interest rates before the
election but markets are already pricing
in that jpow is going to cut rates in
September by 25 basis points we have
100% certainty right now based on market
pricing that doesn't mean we'll actually
have 100% pricing uh that could change
very quickly if we get one bad inflation
report but this is a very clear threat
and so if Jerome Powell Cuts in
September as we we think he will some
believe that japal is going to lose his
job in January I don't actually think he
will but the rhetoric that pressure will
be there and Drome Powell is just going
to get pressured to cut rates even more
if Trump uh does win the election which
at the moment seems more likely given
that right now Democrats can't even keep
the story straight in terms of is Biden
going to drop out or not according to
axios the current latest thinking is
that we're actually going to see Joe
Biden drop out by this Friday or Sunday
at the latest now I just want to be
clear we've heard that many times this
month and it just continues to be wrong
because he keeps being stubborn and
staying in the White House is saying
he's not wavering Pelosi is beating him
up and axios is reporting that according
to what individuals within the
government are hearing right now within
the White House Biden is very likely to
drop out this week so I don't know it
seems like now the odds are going up uh
and I can show you that on screen here
President Biden may decide to drop out
the presidential race as soon as this
weekend according to several top
Democrats who believe the rising
pressure will finally persuade the
81-year-old
well we'll see but all we know is
there's a a massive lack of unity uh
amongst the Democrats right now anyway
we'll see how this goes so uh something
else uh on Trump trump gives a lot of
credit to the 25th president who raised
enough Revenue through tariffs to
basically enable tax reductions while at
the same time growing the economy and
this is something that JD Vance talks
about as well is hey we don't want to
tax more we actually want to tax less
but we want markets and businesses to
have more money by growing GDP and so
they reference President
McKinley however it's important to know
what the economy was actually like when
McKinley was President this was like the
1890s we just came out of a recession in
1893
and it was kind of easy to have growth
cuz you were coming out of a bottom and
you were in the midst of the Industrial
Revolution so of course you could issue
tariffs on other countries because you a
newer country you're just a little over
a hundred years old which is pretty new
in country ages uh and frankly we were
coming out of a crash and we were in the
industrial revolution so it makes sense
why they refer to McKinley because
Donald Trump and JD Vance are able to go
look McKinley was able to raise taxes
and grow the economy true but consider
the factors of then versus now they're
almost the opposite we we're although
although some people will say that
artificial intelligence today is the
next Industrial Revolution so if you
think AI is the next Industrial
Revolution they could be right they
could tariff more and the economy could
grow if this is not the next Industrial
Revolution then we would be in the
opposite conditions today than we were
after McKinley so when you hear that
reference to McKinley remember that you
just came out of a hole anyway the
Peterson Institute believes that Donald
Trump's plan to introduce tariffs of 60
to 100% on China and a 10% across
theboard tariff on other countries will
end up increasing the annual cost for
every average American by $1,700 a year
I actually disagree with them and this
is not to try to like defend Trump it's
just that I looked at their methodology
by looking at their actual research
report and what they did is they took
2018 and 2019 and assumed that if the US
China trade war that we had in 2018 to
19 has a similar impact today as it did
then then we would see $1,700 in
increasing in costs but the problem is
back in 20189 I think businesses
actually had more pricing power than
they do today that's because Co
substantially expanded Supply chains and
by expanding Supply chains makes them
more capable of providing more products
at lower costs and then because there's
a greater saturation of more products
you actually have disinflation more
disinflation than I think you will have
had uh looking back to 201819 so I don't
think you can really apply the 201819
numbers of the trade War to today and so
I think their methodology is flawed and
I actually don't think you're going to
see a $1,700 annual increase per average
American household because of Donald
Trump's tariff plan I think the economy
is going to grow I'm not sure it's going
to grow McKinley style but it might
mostly because I'm a little bit of a
doubter on the AI stuff uh I I think
it's a great chatbot I think it's great
for spell check and I think it's great
for helping you with spreadsh sheets but
do I really think chat GPT is quite
frankly artificial intelligence not
really uh I think like self-driving in
vehicles or like a paler style
technology is self-drive is is a form of
um artificial intelligence but but you
know we're getting a little nuanced here
let's stick to Trump uh Trump overall
says he's not a fan of sanctions prefers
tariffs sanctions are basically economic
punishments whereas tariffs are attacks
on Goods that you trade with and that
gives Donald Trump more power to
negotiate with other leaders and I think
that's really what he's doing when he's
threatening these tariffs on China I
think what he's really setting up for is
hey when I show up I know the power that
I have he said this he's like I know the
power I have now because I've done this
job before and I'm going to use these
strong tariffs to go to bat for our
country and negotiate good deals for us
this
is probably not a bad strategy uh and
you can kind of see this balancing in
what Donald Trump is trying to do here
he's like on one hand we're going to
have 60 to 100% tariffs on China which
would double the cost of importing stuff
from China just like JD Vance said
yesterday their ticket believes that
China is stealing Americans middle class
jobs American middle class jobs middle
class American jobs yeah anyway uh but
then on the other side Donald Trump is
like you know Tik Tok we might not focus
on Banning it doesn't matter so much so
you could see where is kind of setting
up for that negotiation with China right
it's all it's all art of the deal anyway
uh Donald Trump of course seal the
southern border I mean this should be
obvious at this point Trump and JD Vance
both say that immigration restrictions
are the biggest factor in reshaping the
economy they want to cut corporate taxes
to 15% that would be down 6 percentage
points from the 21% where they sit now
15 divided by 21 though is about a
29% reduction in corporate taxes and a 6
percentage Point reduction right anyway
uh they want to renew the 2017 tax cut
and jobs act they're looking at treasury
uh a treasury Secretary of potentially
Jamie Diamond which is say really
interesting because Jamie Diamond sold
stock for the first time in like 20
years I think if I remember correctly
just a few months ago and he's starting
to kind of plant the seed that he wants
to transition out of his job very
interesting uh Donald Trump told
Bloomberg that he would not pardon
himself that he wouldn't consider it
though Bloomberg added salt to this and
they're like well I mean he's flip-flo
before okay that is true people do
change their mind uh Bloomberg says that
he understands the level of his power
now uh regarding uh uh Black and
Hispanic votes as many of 20 as many as
20% of black men now back trump it
literally says that it doesn't say women
it says black men though some pundits
think those numbers are overstated
remember uh Biden won 92% of the black
vote in
2020 Trump explains black people are
being quote decimated by the millions of
people that are coming into the country
it's an anti-immigration
argument uh Bloomberg fact checked this
and they say that according to the US
Bureau of Labor Statistics the majority
of labor employment gains since 2018
have been from citizens okay but this is
where like I think Bloomberg is trying
to go out of the way to like be
anti-trump and it's fine like I'm trying
to provide the balance here like it's
not all good right again like the
McKinley thing like I don't know if we
can really compare to that I think that
might be a little too bullish uh but as
far as uh as this no du the majority of
employment comes from not illegal
immigrants so I think this counter fact
check by Bloomberg was kind of like
fugazi because it's like that doesn't
matter like what we should be looking at
is how many jobs are being taken taken
Now by illegal immigrants versus 5 years
ago let's say it's a little harder to
find that statistic I have not been able
to successfully find that but that would
be the question that I would be asking
not the question that Bloomberg is
stating here
a lot of uh institutions are now
convinced that Donald Trump is going to
sweep uh the election uh that's going to
be
sweeping uh both the house and the uh
Senate so uh I actually have I'm pretty
sure I have a sweet piece here so you
could see it from the institutions let
me just search for it really quick I
just need to type in sweep it should
come right up the red sweep coming yeah
here it is I want you to see this the
red sweep coming all right ready for
this uh let's do this really
quick
okay sorry I'm really bad at like
editing my videos so I apologize but
anyway look at this uh okay so the
assassination attempt against Trump will
make it less socially awkward to support
Trump therefore they think it's more
likely that Trump will win because
you're now getting prominent Business
Leaders like Bill akman and Elon Musk
coming out and supporting Donald Trump
this also would include like a David
Sachs or otherwise uh bolsonaro's lesson
in the 2018 stabbing of the Brazilian
president uh led us to to see that
assassination attempts can swing
undecided votes same was probably true
of Reagan not so much Teddy Roosevelt
though a lot of Democrats are like well
Teddy Roosevelt lost after an
assassination attempt yeah but he was
also running third party for a third
term before we had term
limits uh then Hollywood stars are
rapidly dropping off the bandwagon uh
bandwagon for supporting Biden and there
could be a sizable Red Wave this by the
way is um gaval research they're Hong
Kong
based
okay uh Trump speaks highly of the CEO
of lvmh banan anald now he's an
interesting character you know he didn't
he actually started as a real estate guy
and when he was like 35 or 36 got
intoing luxury goods so I guess I still
have hope of doing uh uh doing a
different uh line of work if I ever
decide I need to uh but then again who
could challenge my
style Jamie Diamond says uh Trump was
right about NATO he's kind of right
about immigration Trump says that he
loves Scotland and Germany Trump says
trade deficits are critical measure of
economic fairness Trump says he's
lukewarm about the idea of standing up
to Chinese aggress aggression again this
is that balance we're getting we're
going to double the taxes on them on
China and then on the flip side it's
like maybe we won't B Tik Tok it it's
it's art of the deal art of the deal
it's negotiating negotiating uh Taiwan
took our chip business from us he says I
mean how stupid are we they took all of
our chip business this is true when it
comes to chip manufacturing Tai Taiwan
semi pretty much takes over everything
but they are taking advantage of Biden
bucks and they're building a plant in
Phoenix Arizona by
pirola pirola Arizona I can't pronounce
that say but anyway it's like the
western side of Phoenix Arizona West
Northwest I've been to the plan uh
anyway Taiwan wants uh or Trump wants
Taiwan to pay for protection protection
money this is all
negotiating I don't actually see that
happening but but this posturing will
will you know lead to negotiated
outcomes uh let's see here Trump with
apple there's a story about how uh
Apple's Tim Cook worked very closely
with Donald Trump in the trade War
2019 and uh Mr cook actually met Trump
in person to convince him not to
increase these tariffs on companies like
apple Manufacturing in China so much via
foxcon and uh Trump actually respected
Mr cook for coming to meet Trump in pres
uh in uh in person and after they came
out with a deal that worked for all
sides Tim Cook really smart here Tim
Cook ended up gifting Donald Trump a
$6,000 Mac Pro Smart see I like this
this is this is what I want to see in a
leader and again it doesn't have to be
Trump like it could be another leader as
well I just don't think Biden is capable
of doing that stuff that's why I'm so
anti-biden you know people are like
Kevin you're turning like Maga red
waiver and I'm like I really am just
trying to be as neutral as possible and
I think the most neutral thing I could
say right now is the Trump Vance ticket
is really powerful and Biden's got to go
now if Democrats put up another really
powerful ticket I will honestly tell you
that but I just don't see that right now
so what's my bottom line on this I
actually think it's good for America I
think lower taxes on the corporate Side
Lower taxes uh for the middle class and
yeah the upper class as well think of
the overall tax cut act that we saw in
2017 was really stimulative to the
economy and it prevented us from really
slowing down which was a big fear in
2019 so I'm not opposed to tax cuts I'm
a big fan of this I I do think that
taxes are too high I'm not a really big
fan of some of the Biden policies mostly
because I'm taking a very laai fair
approach uh a Libertarian approach
hands-off approach I'm not a big fan uh
even though I don't think it'll really
make a difference I'm not a fan of the
Biden plan of hey we're we're going to
you know uh give away more money to
certain groups uh or certain races or to
certain uh home buyers or to chip
companies I think we're overbuilding I
think what we should be doing instead of
just handing out money to people we want
to buy votes from like Gavin Dome does I
think we should be focusing on better
schools a safe for society lower taxes
teaching people how to do the trades
coming out of high school not that this
is something that Trump Advanced her
proponents of I mean I hope they are I
wish they were but those those are sort
of my thesis so overall uh from an
economic point of view I I align with
these opinions strongly I think these
are very good economic uh ideas and I
don't think they're going to cause
inflation so that's my opinion uh and
Trump respects Tim Cook uh after the
debate Bloomberg thinks that the debate
had a really big impact of course we
know that fundraising is plummeting
everything's plummeting blah blah blah
blah blah okay so this is a an overview
here uh I think I've done a pretty good
job of of
outlining uh exactly what the the the
economic plan here is and what's going
on uh so hopefully this is very useful
to you uh I love you all I really
appreciate your support we're almost
actually at 2 million subscribers we
don't have to round anymore so if you
haven't subscribed yet consider
subscribing and folks we'll see you in
the next one thanks so much goodbye and
and good luck ad these things that you
told us here I feel like nobody else
knows about this we'll we'll try a
little advertising and see how it goes
congratulations man you have done so
much people love you people look up to
you Kevin PA there financial analyst and
YouTuber meet Kevin always great to get
your
take even though I'm a licensed
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broker and becoming a stock broker this
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