of the war and garza is opened 30000 children, we 15000. you have lost both parents, these children of the strongest of survivors. we see them with the resilience. they carry bright possibilities they deserve. just like every child in the world spends on olsen with human appeal and create a brighter future because as children give mercy, now the terrorist central to us the economic and foreign policy and the new trump administration. the reservations of his support, his chairs are matched only by the shutters of apprehension globally. so what's in store for the us and the world? this is inside story, the

hello welcome to the program on top of the crate, one of the best selling books of all time is a business guide called how to win friends and influence people. how to lose friends and implements. people might perhaps describe you as president, don't trump's current approach to international trade, to speech, to both houses of congress to sit out his plans with tariffs central to his policies was meant with rules of approval, like those at a rally. they was very different response. however, from stock markets and world leaders from europe to china that reacted with a mix of despair and define some responding with their own tried texas. so what did trumps economic plans mean for the us and this trading pond? this both net and far and what might the impact pay for the rest of us around the world for las gal pedals that they have used in just a few minutes. but 1st, this report from wilson does that president donald from speech to congress,

brought the house down. and by the way, we're going to have good critics at home and abroad fear the us in global economy. you could go in the same direction if he goes all in on his campaign promise to raise tariffs with major trading partners. we have been ripped off for decades by nearly every country on earth. and we will not let that happen any longer. what trump costs is america 1st policy and visions forcing companies to base manufacturing in the us creating more jobs. the law democrats say his plans are disastrous and little both hurt americans and kill economic growth. his tariffs on allies like canada will raise prices on energy, lumber, and cars, and start a trade war that will hurt manufacturing and farmers. and if he's not careful, he could walk us right into a recession. just a day after his speech, president trump again reversing some of his trade levies, giving major car manufacturers

a one month reprieve. the us auto industry is reliant on parts from factories and mexico and canada report suggest a recent gone tariffs on some agricultural products could also be in the pipeline. but the diplomatic damage was already done. europe in china said they were preparing retaliatory measures. you told me that he's going to meet the 1st 10 hours have been imposed on a large scale, not only against europe on ella, minium and steel. if these that can fund europeans will respond and they will be reciprocal tower. because we need to protect and to defend ourselves. china is also preparing for a trade war with a stimulus plan for effected industries. internationally, the external environment is becoming more complex and challenging, which may have a greater impact on china's trade technology and other sectors. the rise of unilateralism and protectionism is further disrupting global economic circulation. mexico said it would expand its trade relationship with other countries,

say levels can see as much as i know to if needed with looks the commercial partners anything to protect mexico and mexicans within the framework of suffering t and the dignity. although most economists say terrace will raise prices. president trump is betting they want, but it's a big gamble with high stakes, not just in the us, but around the world. wilson dies ard al jazeera for inside story. so let's take a closer look at the tariffs and why president trump wants than the us buys, moving. it sounds from its tried, ponders last year. if it was a try deficit of one trillion dollars, the u. s. and pull him goods with 4 trillion dollars while exports amounts of to just are the 3 trillion dollars. trump wants to reverse that by imposing a 25 percent tax on goods from mexico and canada, and 20 percent on goods from china. some of those measures took effect on tuesday. the companies in the us that rely on products from a broad,

we'll have to raise prices, which will affect american consume, is trump, and it's supposed to say the high prices will be temporary because more foreign businesses will relocate to the united states the last spring and now guess now from washington dc, we're joined by an oil extended to a white house called them this for the hill newspaper and your, your cars. demetrius of allots us the chief economist and founding partner of aurora, macro strategies and advisory firm that focuses on to politics. and macro economies and an henderson, nevada, is william leave, chief economist at the american non profit, think tank the mill can institute. thank you very much for joining us all here on inside story. look like and begin with you straight away. i mean, apart from being an extremely long speech, what did you make of, of donald trump and what do you think the main message was that he was trying to get across? how effective do you think he was?

so in terms of this page, this is flaw. donald trump dollars, which is gives features the temperature payable to his base. she tends to not really bother with such an appeal to the center. i'm and we saw all the concentration on immigration for example, i'm show call culture more issues on issues around diversity, diversity, equity, and inclusion initiatives to which he is extremely opposed. now i think the 2 big, substantial topics in the speech where you're praying on the tire of some of the other other we didn't get an enormous amount of clarity on either by, you know, some of his facility toward a lot of mirrors the landscape, but still being on the chairs to the path forward and when it comes to tired of talking about the idea that there would be some level of interruption. but oh, well, we can level we're going to focus today, not so much on you trying to put on obviously the economic parts of his speech.

demetrius from an economic point of view then can you just explain his plan? like, what does he actually trying to do with these tariffs with, with his tribal that he's seemingly is intent on, on carrying out? well tom, i'm not sure anyone in the ministration able to explain the total cost overall economic plan. there are different parts of it and the speech, as he mentioned was addressed to congress. and there are some things that absolutely need to go through congress. i don't think i would change our outlook on fiscal policy. following the speech, we saw a lot of what was on the contain trail and promised not to tax to workers, a promise not to task over time. the problem is not tax, social security payments. and all these things need to go through congress and the republicans have a very slim majority there. so it's a difficult task. um, i wouldn't really buy, you know, won't pay more attention to. it isn't gonna make it more likely. that car,

the nearest president, donald trump, this and signing another round of executive orders and speaking to the press has been talking terrace, nato, and plans to go to saudi arabia. this listening concerted efforts to focus on violent crimes. it includes a number of us attorneys and major cities that have real crime problems. ok. show. very good people to thank you, sir. and then we have a number of ceremonial proclamations. halligan is going to see a very special proclamations, the 1st of which is a proclamation that proclaims march 2025 as women's history month in honor of all the wonderful women in your administration, all the wonderful women in america, and in, in honor of everything you've done for women and this migration is done for women and just for a month and a half. yeah, we've got a lot as women have done

a lot for us. this is an honor. we have a wonderful woman here. maria brought to rome a nice day. thank you very much mister president, and thanks for all that you're doing for women and do an interview of me later. maybe i shouldn't do this interview. i should be like by not doing the interviews. that's great. women, we love you. so the 2nd one is a proclamation proclaiming march 2025 as irish american heritage month in honor of the all to commemorate our amazing friendship between america and ireland and to i just honor all of the irish americans. and i'm

a little bit biased because i'm kind of irish, but they're great people. great. and they wrote it for me and heavy numbers. so i like, i mean, you have to like to do that you're not supposed to, but you have to like that. so for the irish american people proclamation or jerome or steve when call told us a little while ago that i saw it from us is not released hostages, that the us in israel could take some action. what does that mean in your, in your eyes? is that military action would you joint strikes with the 5? yeah, i had the honor of spending a lot of time yesterday with quite a few of the people that we got out. and i can't believe how badly treated they were really bad stories. and you wouldn't even believe some of it was documented,

some of it was so bad you couldn't really, i don't think you can put it and it's a shame. and, and they said one thing that they have $59.00 hostages, of which many of them are killed. they want to know if we could just continue. they said without us finding were able to get anybody out. we came along and they started releasing. but we have $59.00 left of which $2411.00. the rest are are dead . and we put out of shape and it showed of self explanatory. i think that's or somebody's gonna have to get a lot rougher than they getting to shame. and those 20 for the living because they were with them just 2 weeks ago, 3 weeks. you guys, depending on when they got out. but they said they are very bad shape. you spoke today with your cabinet members and he want to watch. um,

what did you tell them in regards to you on most getting his authority to carry out actions. we had a great meeting. we had a lot and we had some of the representatives that for you know, the business reps. we also had the most of the cabinet members, not all of them. it doesn't really pertain to all them, but many of them us and i thought it was a really good meeting. it was about cutting because we have, everybody knows the countries way out of control in terms of the number of people. we have many people that don't work, we're many people probably that aren't even living that are getting checks. and we're finding all of that out and it's being reported and we're going to save hundreds of billions of dollars. we've already received the same data and part of the contract cetera expire that we're paying on many crazy things. and you know, you can see it happening, it shouldn't happen, but you can see it happening. you see a lot of it being put ad for the other thing that i think most important for today . i want the cabinet members to keep good people. i don't want to see

a big cut where a lot of good people are. i want the cabinet members to keep the good people and the people that aren't doing a good job that are unreliable, don't show up to work and factors. those people can be caught. so i, i had a meeting and i said, i want the cabinet members go 1st, keep all the people you want, everybody that you need. and it wouldn't be better. there were there for 2 years instead of 2 weeks, because in 2 years they'll know that people better, but i want them to do the best job they can, where we have good people does. that's precious, that's very important. and then we want them to keep the good people. and so we're going to be watching them in the lawn and the group we're going to be watching them . and if they can try, it's better. and if they don't trust them, even we'll do the cutting. so should be like, must have been moving too quickly. no, no, i think i've done an amazing job. they've done an amazing job and looked at what

they found. i read it the other night in the speech. i mean, they found these things were billions of dollars has been poured down the drain to things that sort of the people that's about contracts where billions and billions of dollars which is thrown out the window it's. it's probably got kickbacks. i'm sure there were tremendous kickbacks. for the people that authorize as guy tracks but know you on it's been really teaching everybody about the numbers that you can do. but what i want is i want the numbers, but i also want to keep the good people we want to get rid of the people that are working, that aren't showing up and have a lot of problems. and so they're working together with the line. and then they were doing a really rage of what cutting it down. we have to for the sake of our country, wherever you can have that kind of fat, it's blow up and like nobody's ever seen before. where you need 20000 and they have 820000 people and you just don't need that many. and it happens with the companies

that it happens with governments. i guess you could go to a lot of governments. you'd share the same thing, but we're trying to get it down. we want to be able to next year. we can balance the budget. we, i think is a good chance we can balance the budget next year. we have a lot of good things happening. plus we have a lot of revenue, things happening like today with the shift building. uh and this gentleman behind me is gonna create a lot of jobs and us about the biggest there is in the world. we have the biggest chip baker in the world here. few days ago, he's going to be spending $200000000.00 on building class. we're not giving them any money ability that you know, it's just the chip back is ridiculous. where the binding thing, where they give millions of dollars to people that have nothing but money. they're not gonna spend that money to just take you that money. we're giving nothing. they're coming in because of the terrace because they don't want to pay the tariffs and they're opening up bank. so, but with respect to people, like i said, i want to get the people. but i want to keep the good people that

all this be the 5 this are happening next week and the big one will be on april 2nd, when reciprocal task. so india or china no or any of the country. second. busy it is a very high terrace nation. so it was the idea of nation is canada, canada judges as 250 percent for a look, product and other products, and a tremendous terrified lumber and things as such as yeah, we don't need that level. we have more lumber than they do. we don't need canada as well. so what i'm doing is i'll be signing an executive order, freeing up our 1st so that we're allowed to, to take down trees and make a lot of money and then re harvest res, also with cutting fire divides fire dividers, a 50 yard to 70 yards. why,

where the trees get, you know, it's long enough, so trees don't burn forever and so you can get them out and those trees can be solved and made a lot of money with. so, but where are we doing that? we don't need trees from canada. we don't need cars from canada, we are need energy from canada where need anything from china, so we can be self sustaining, which is in most things like we have more oil and gas than anybody are far as a massive, massive far. so we just are allowed to use that because of the environmental lunatics. it stopped us. so i'm going to be free and give that up very shortly so that we don't have to go to other countries to buy lumber. you know, why should we be buying a lumber from other countries? paint chairs, paying big price is extraordinary prices. and we have lumber. we have the best slumber. good. one love just as just

a modification short term, because i didn't want to hurt the american. it would've hurt the american car companies if i were not talking at that. no, no, we're not right now. yes. what about us? oh, what, what are you saying? yeah. or gps gps. yes. yeah. there were some new when that okay. and to hurt anybody to wish certainly not lucky during them. and i'm looking at that and there were some people who i think that's appropriate in some people's out and i'll be making a decision pretty soon either the specially,

ukrainians have gone through a lot. yeah. peter, when are you going to get rid of the legs? okay, are you ready? so here's she'd be the easiest one of all, but it's a $5050.00 issue. and if something's at $5050.00 issue, it's hard to get excited about it. i assume people would like to have more light later, but some people want to have more light earlier because they don't want to take the kids to school in the dark. and it's very much, it's a little bit one way, but it's very much of 5050 issue. and if something i can do, but a lot of people like it one way a lot of people. busy like it the other way, it's very even, and usually i find where that's the case. what else do we have to do? because we're talking about the dresser. the color is why we don't know more. ready yeah, oh and the 2nd one. busy all of a cell phone,

so i want to find the answers. i've told them fact today i said, i wonder if i we can no longer blame a bite and that when she should have released that a long time ago. so was they are giving me a report next week sometime and i do believe i'll be releasing, i want to release the report. a lot of people have asked that question. you had one or 3 apps, 2 of which were far supposedly arrow as the biggest white you law firm in pennsylvania, even though they don't live in necessarily a white you area. what's that all about? is laura, you know, the left for the other one had 7 or 6 cell phones and i don't know, 6 cell phones. and why would somebody have 6 cell phones? so we're going to be releasing a report of that. so the life of the data

there are some additional cut me well based on that, people think that it makes me think it a little bit too. i say, when you have 3 apps and 2 of them are far and you had an f b i that wouldn't report on or they didn't want to say why. i would say that could be suspicious. and then on the 2nd, assess and you had, you know, and by the way, i have to do a secret service that a great job on that as by spotting him. but for the 2nd one, he had the sick cell phones as a lot of cellphones and a couple of them had some strange markings on them. so yeah, what to find out and i would be willing to release it. ive been that maybe there's a reason that we should and so i don't want to get too far ahead of my skis, but yeah, i wouldn't be very willing to release that. i'd like to see it. i want to see it myself not on you. i want to see that one of my prices on my call yesterday

sends upfront, when it's ready to offer it's nuclear protection to other european countries. what does it make of it? and in this case, what the us also maintain a new cat umbrella for you. what price is also willing to put soldiers it to you? great and for safety reasons, we can get it. i will say that we've made a lot of progress with ukraine and a lot of progress with russia over the last couple of days. and it'd be great to bring that to an end, so we don't have to talk that way. talk no class, be great if everybody would get rid of the nuclear weapons. and we have a russia and us have by far the most china will have an equal amount within 4 or 5 years. and it would be great. and we could all digital arise because the power of nuclear weapons as crazy as crazy. and, you know, i was very far along the process with russia, despite the rest of the rest of the rush, alex, which did make it easy. it was a total hoax. rig coaxed by some bad people. but despite that,

i was very close to having a program with russia. indeed neutralization and we're going to get china. i spoke to present it to you about it and they would have been very happy to have gone along with it. but the bad things happened like an election that was wrecked, happened and so we had to come back 4 years later, but i would very much like to start those of the opposite of what you say the di neutralization would be incredible care you were talking about yesterday you spoke with the big 3, did you tell them that no more exemptions were on the way and what was the them that's it would this was a short term deal. and they came back to me yesterday. they said, could we have some help on the task because of the speed? and i said, look, i'm going to do it, but that's it. don't come back to me after the 2nd april 2nd, i don't want to hear from you have to april. second. we're not going to be doing it

anywhere. i want to help them. what was the response? i didn't complain, but i helped them short term during this short term transition. april 2nd, just going to be a very big day for american us is that we're not here from your team. we are having discussions with him us. we are helping israel in those discussions because we're talking about is really hostages. and we're not doing anything in terms of advice when i give in cash. when i giving 6000000000 like year other administrations getting that in fact i got 59 house inches out. we gave nothing in $59.00. we gave nothing. it's not including what's going on with a mouse. i mean, i consider that somebody where we're helping israel for the most part. we had

a couple of us. and just as you know, we got a couple of hostages at american house, which is certainly petera, you know, i do, you have to negotiate because there's a difference between negotiating and paying the we want to get these people that if you would have seen the people yesterday, maybe you did, i don't know, but if you were to see them the way they spoke about their captivity, it was unbelievable. stab to me. so where no country so the united states doesn't what i've said to them. i said, if you're not going to pay it, we're not going to defend. i said that 7 years ago. and because of that, they paid hundreds of millions of dollars. i said if you're not going to pay your bills, we're not going to defend you. and it also went for the attack, but if they got attacked, they said, what does that mean? you, what defenders are said, are you cared for your delinquent?

they said, if we were delinquent, would you? i said no, i would not. and because of that, as you know, hundreds of millions of dollars came in and then you wouldn't have nato right now. if i weren't there and your previous secretary general said that. he said, he's never said they like it's what i came to know. when i 1st said by 1st reading, i notice that people weren't paying the bills at all. and i said, i should wait till my 2nd meeting and i did. then i brought that up and they said if you don't pay your bills, we're not going to participate. we're not going to protect you. and when i said that, as soon as i said that, it was amazing how the money came in. the money came in and now they have money, but even now it's not enough. it's really not. and they should be paying more questions on the investment, sir, you will receive about 2 trillion dollars worth of domestic private sector investments. come in just about 2 months. this is the newest one, it comes after your announcement of

a new ship building office at the white house during your joint session, the congress. can you talk about why this is important not only for national security, but to continue the renaissance of domestic manufacturing, where we have to maintain strong country. we have to maintain that we want to pay of debt. we have a lot of debt that will start coming off quickly when this all comes around like we've been supporting the whole world. you mentioned nato, and you mentioned other things we've been supporting the when i 1st came in, we were paying almost a 100 percent of nato. nato was and it was crazy. we were supporting data, we were paying the bills for other countries. can you at the same countries mostly your opinion of the european countries were ripping us off in trade and they won't take our cars. they wouldn't take our agricultural products, they wouldn't, they get it and we were taking their cars by the millions, mercedes in, bmw you and the low volkswagen. all we would take you there cuz they were taking,

we were taking their farm products. they were taking a total rip off, and yet we were protecting them by giving them the money. and you know that it's up to a bad, a bad number at the end of a lot of years. and that's what happened as and now it's time for this country to stop being ripped off. i had that done very much in the 1st administration, but then we had to focus on other things at the very end we've covered. and, but we have the greatest economy in history. we have the greatest economy in history. i think we're going to redo it here, but even better. and i wanted to do what we're doing now in the 1st year. but we had so many other things to do, we had to fix the border, which we did. we had to fix our military. we rebuilt our military. we completely rebuilt the military, only to watch bite and give so much of it away to afghanistan. you can't believe and that's not even believable. it's not even believable. what he did,

the damage that that man did, or that administration did to this country is, is frankly not even believable for the particular allowing millions and millions of people that come into our country. many of them were murderers and, and drug dealers and gang members, and people from prison for very heinous crimes for him to allow those people into our country and now are spinning tremendous amounts of time and effort dickie and tom homan, who's doing that unbelievable job. but we shouldn't, we shouldn't have to be spending anything on that. we have the safest border river . now we have actually, as you saw, the numbers just came out where we have actually the lowest numbers in the history of our country. but we shouldn't have had to do that. what we, what we're doing now is we're looking for murder is, can you believe that we're looking for murderers? because thousands of murder is some,

some bout 50 percent kills more than one person. one killed 5 or 7. and we're looking for those paper right now, we shouldn't have to be looking for up to this question. are you going to make that policy us policy that the us would defend new countries that don't pay? so i think it's common sense, right? and they don't pay, i'm not going to defend them. no, i'm not going to jump in there. i got into a lot of heat. when i said that you should always violating nano. and you know, the biggest problem i had with data i, i really did, i mean, i know the guys very well their friends are mine. but if the united states was in trouble and we call them, we said we got a problem. france, we got a problem, a couple of others that will match. do you think they are going to come to protect us? as opposed to? i'm not so sure. you know what japan we have a deal which is a very interesting one. and i love japan. we have a great relationship with japan,

but we have an interesting deal with japan that we have to protect that.