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david: hello, folks. i'm david structure and support man. this is kudlow. he'll be here in just a moment. renewing the dream speech is what he's calling the address to congress tonight. what will he say about the growth, tax cuts and deregulation agenda and tough new tariffs hitting canada, mexico and china today for their role in the fentanyl crisis. a lot going on. commerce secretary howard lutnick will join us in just a moment with larry onset in dc. goning el paso 'em and defending federal speaker and mike johnson waiting in the wings as well and larry has a full show straight from the nation's capitol and

first, let's goat it reporter: in the bottom of the foundation of all this is stopping the flow of fentanyl coming into the united states and to incentivize that, the president slapped 25% tariffs on goods from canada and mexico and energy from canada under a 10% tariff and the tariff on goods from china going 20% and chinese foreign ministry spokesperson saying if war is what the u.s. w wants, be it a tariff, trade war or any other type of war, we're ready to fight till the end. china retaliated with 15% tariffs on u.s. chicken, wheat, corn and cotton adding 10% tariffs on other u.s. food imports to china like soybeans. canada firing back imposing 25% tariffs on $20 billion of u.s. imports with that number going up to $100 billion of u.s. imports under 25% tariff in 21

days. jaire i'm concerned you'll see the ratcheting off the tariffs off and going to see the world economy as well. reporter: the canadian prime minister take ago trip down series lane, listen. >> you're a very smart guy, this is a very dumb thing to do. it'll make it easier to an ex-us

and that's never going to happen. reporter: president trump warning the canadian prime minister putting retaliatory tariffs on and reciprocal tariff wills increase and like the amount that the mexican president plan as call with president trump this week and then they will determine on sunday what their tariffs or retaliation tariffs could be to what the u.s. has done. other big news, president trump announced he's going to pause weapon shipments to ukraine, ukrainian president zelenskyy says now is the right time to come together and he says now is the time to make things right with constructive conversations going forward and expect the president to lay out his plan far peace. larry, back to you. larry: edward, thank you.

the president is riding high in popularity and nearly 80% favorable and things like the border, deportation dis-empowering the bureaucracy and rolling back onerous regulation and unlocking new energy production and reciprocal fair trade. but the whole package together. and you have a massive booster shot for economic growth and mother and fathering and slumping and $2 trillion deficits as far as the eye can see and massive expansion of federal debt now every time the stock market hiccups, liberals try to blame tariffs.

trump is trying to breakthrough with penalizing american company wspa.com reciprocal and fair trade reform. not long run inflation. the president is doing his best to reform the broken world trading system and defend trading and large scale supply side benefits to the large scale economy. passing tax cuts and

deregulation budget bills making them permanent including trump 2.0 with tax free tips and overtime and relief for seniors and trump tax cuts 1.0 produced huge revenues and hopefully mr. trump will forcefully point out people who vote against his tax cut plan will be voting in favor of at least a $4 trillion tax hike. that'll absolutely decimate whatever is left of the economy inherited by joe biden and pass it by memorial day.

now we have my dear friend howard lutnick here with us. >> we talked to canada and mexico and said you've got to close the border and end illegal immigration and end fentanyl and the way we describe fentanyl is simple. what do you think the president will do? he'll come out today angry that americans are still being

killed. now, both mexicans and the canadians on the phone with me all day today trying to show they'll do better and the president is listening because you know he's very, very fair. and very reasonable so i think he's going to work something out with them and not going to be a pause. none of that pause stuff but he'll figure out you do more and i'll meet you in the middle and we'll be announcing that tomorrow and somewhere in the middle we'll likely be the outcome of the president moving with the canadians and mexicans and not all the way. larry: just to clarify, you mentioned an announcement tomorrow and less than 25% or how would you characterize this announcement? >> he's going to think about usmca. people in usmca or people in who are backing the way he set trade up in his first term and those people outside of it. he's really looking carefully at that.

you can't say it's okay, people will die. >> to your satisfaction and what the tariffs might not be across the board and might be exceptions through the tariffs and you mention usmca and it was a very complicated deal that was put together in the first term and how could you explain that? >> there's a trade deal that the president set in his first term called u.s., mexico, canada agreement, usmca. if you live under those rules then the president is considering giving you relief if you live under those rules and

having to live under those rules going for the tariff war and they still are giving going for you and i tell you what, there's a thumb in there on the president going for them larry: at the g20 meeting at the table.

fairness, fairness, fairness. we get ripped off everywhere and holy moly if you saw how badly we get ripped off in this world and donald trump saying i just want fairness. you charge us, we charge you. lauren: could see some changes with respect to canada and china. canada and mexico. >> of course. you'll see them and an example, canada has a 5% sales tax. what is that? it's just being sneaky. how about dare products? talk -- dairy products and our dairy farmers and 200% on mill

and can milk products and say well what? what? i thought that was usmca. this usmca with a lot of cheating on the side. i love when trudeau was about to leave the government, and obviously he should leave the government with his kind of talking, you know, he's leaving the government and hopefully will elect someone clever and comes down and says to donald trump, we want to do business with you, we want to do business fairly and we're going to get rid of them. larry: that's the next big date and don't know how, when or what but it'll be the next big date. >> anyone picking april 1 and talking about it april fool's day and he went to april 2. lauren: last one state of the union message and getting good tax cuts and i want to unleash prosperity.

>> he'll cut no, ma'am tax on tips, on social security, overtime and that's what he'll deliver. the key is we in his admin vagues are going to balance the budget of the united states of america. >> how much? >> $5million is a fast path to st.ship and pretty cool. that and all the tariffs coming and waste, fraud and abuse coming out and think about this. >> you have to be alive and kicking. think about what elon musk is doing and he's saying how about

you e-mail me and show me you got a pulse check working for the government. imagine complaining about that, imagine the democrats saying i can't stand the fact he's asking people. we're paying with our money whether they come to work or not. larry: i've known you three decades plus and you always do deliver, secretary lutnick. thank you for coming on the show. >> i'd be betting on president trump. that's what i'd bet on. theed progress kevin hassett is making with congress. ♪ (♪) car, this isn't the way home. that's right james, it isn't. car, where are we going? we're here. (♪)

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during peak hours? their customers have to share a wireless signal with everyone in their area. oooh. you know, it's kinda like when you bring a really big cake for your birthday, and then there's only a little, tiny sliver left for the birthday girl. aw. well, wish her a happy birthday. happy birthday... -it's... ...to her. -no, it's me. have your cake and eat it, too. don't settle for t-mobile or verizon 5g home internet. get super fast xfinity internet you don't have to share. forty's going to be my year. larry: all right, for more on the big speech tonight, we have kevin hassett. your work, this is important for american folks to know and you're working with the senate and house and produce ago policy and these trust worthy trump policies and budget cuts and tax cuts and we'll hear about them

tonight. >> yeah, it is something we talked about with the president in the oval yesterday. those tax cuts creating enormous amount of economic growth and paid for and they'll be paid by ending all the wasteful government spending and we're doing it with congress and president trump mass a vision of golden age in america. the point is right now till congress acts we're an economy that's being governed by joe biden's policies and we got to get these passed for theed

golden age to begin. >> you can't pin anything on him till he gets his package through till whatever, several months away this. is biden's legacy and it's a recession or near recession. >> joe biden gave us stagflation, gave us the green new deal. wasted so much money and until congress passes the law for the budget, and elon finds the money we're not spend sergeant sitting in the bang account and president trump knows the way to stop inflation is to stop wasteful government spending and to have supply side u larry: how

is it go something >> it's going great. think about it. when i say it's another tax cut going to extend all those things that gave us 3% growth and another thing advocating and creating supply side and tax on tips and no tax on overtime and what do people do and they work harder and they work harder and they increase supply with the downward pressure and upward pressure on prosperity. and more reviews. larry: yeah, this should be 45 the public wants to see less government spending and i think the public wants to see a dis-empowering of this overbearing regulatory bureaucracy. and the public ps to seat end of the corruption and how much money from usaid is going through the democrats and democratic causes that we're

going to stop that and stop wasting people's money on 308 ticks and start making government do what people want to defend the country and keep the air clean and not send money to usaid that are funding democratic campaign ideas. larry: can we get, if you get the whole package, trump's whole package, tax cut, spending cuts, deregulation, energy, et cetera, unfair trading practices, can we get back to 3% plus economic growth? >> absolutely and we have this 3% growth and ai revolution making productivity going up at about twice the rate as it did before. so if we get 3%. i'll be pretty disappointed. i think we should shoot for 4 and that'll be kind of the message that you'll see for the president tonight. going for the bolden age and time for aspiration and we've got to get joe biden's policies

out as fast as possible and that's where the golden age begins. larry: that's a important point and the liberals are trying to pin yesterday's number last week's number on trump. nothing do do with trump and policy is not in place yet. if you get better growth, doesn't that lower the deficit and debt? >> sure does. we also will lower but not having wasteful spending and think about it this way. think about all the things that president trump is going to describe today in the speech. then think about what the world looks like two years from now if those things happen. wage growth and 4 or 5,000 family again and all that going on and so how hospitallistic should you be about the country? everybody is talking about

ending stagflation and making changes right now. larry: i remember many years ago talking about lowering the corporate taxes going for them and going down and there was a guy from a think tank that talked about cutting taxes and there would be a blue collar work force and you were right and you'd be right if he cuts taxes all over again. blue collar work force. >> a headline for people that work and president trump and i talked to the oval a long tile ago for the previous tax cuts happening to wages and going up tone $4 and $8,000 and went up $6,000. went upright between the range and always promised 4 because he wants to under promise and overdeliver. hasn't asked us for the number but i can tell you it'll be closer to 8,000 if we pass these tax cuts. larry: wow, 8,000 for a typical working family. that's the coalition. and the point is we said it

before and it happened. >> people need to believe it's in the data. larry: the facts matter. kevin hassett and director of national economic council. thank you for coming on. folks, coming up, talking tafanely house members claudia tenney and wesley hunt and then talking to the new attorney general pam bondi. all here right onset with kudlow and folks, tune in for a live special coverage of president trump's speech to congress right here on fabulous fox business tonight at 9:00 p.m. eastern. ♪ ...to saving up... ...to income in retirement. you got this. vanguard fixed income funds can help advisors grow their clients' savings. vanguard. fifty years of high quality investments.

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larry: all right, we're going to keep the big beat growth indexing for the speech from president trump and claudia tenney and wesley hunt. thank you both for coming onset if person. claudia, look at border story and really all donald trump did was growl for a couple of weeks and the whole thing dried up.

now homan is there and saying democrats are going to make trouble and picket the speech. they should be so lucky to have this. >> down to 8300 in the month of february just from the growl. and joe biden was encouraging them to come across the boarder and look what we did with donald trump saying you're not welcome to come illegally. come through a port of entry if you want to be a st. of the united states. simple as that. larry: now, wesley, you're in the cleanup here. i bumped into the tom homan in the west wing vestibule this afternoon. he is major operation to deport the criminals and deport the worst of the worst first and then keep going down and that's become ago great success and sunt ware city and cheap states and folding like a cheap suit.

>> we pass hr22 two years ago and it's our border in a few years ago and they blamed us and president trump was campaigning and saying i can fix the border via executive fiat and do your job and biden refused and five weeks later, walleye la, look where we are now. larry: no new laws either. >> nope, just the ones already in place. >> law enforcement working with ice ask had they been working together and could have detained the murder of laken riley and her life could

have been saved and pam bondi has been to new york and already doing the work and amazing attorney general and i just got to talk to her outside. this is critically important and we're having common sense and following the law and talking about that and golden age is the common sense era. larry: i like common sense. wesley hunt, can we unleash prosperity tonight? i want to hear major unleashing of prosperity. >> we're going to unleash prosperity and american energy and unleash security and we'll bun leashed in the world and getting a large dose. i just want to say to congress, get it done. these are tram's policies and trump's victory and cabinet nominee and got through nicely

and now it's time to get his policies through. >> they're expiring and we have to keep coming and making the name and more better. >> having taxes on the ways and means committee. >> we're cutting taxes, larry, i come from new york too. i pay the taxes, you don't. larry: god, i wish. generous as this company is, we pay lots and lots of taxes. >> it is the blue collar workers

who benefit the most from his tax plan. that was proven completely by the data from the tax cuts two point tax cuts 1.0. >> this is impacting those people that live paycheck to paycheck that are working their butts off every single day for this country and that's the people going to get impacted the most and these are people that are voting for president trump. that's the federal wallet. that's prosperity, fatter wall etes. massive tax increase for middle and lower income taxpayer and small business owners that create most of the jocks and drive the economy. this will be bbb. big beautiful bill.

larry: we're counting on you. >> i want that triple b bill out there. i want that bill. larry: claudia tenney and wesley hunt. two great friends of the show. we'll take just a moment and work through, we'll get attorney general pam bondi on the show. let me play tape from president trump about his new attorney general, my good friend pam bondi. take a listen, please. >> >> pam was one of the most successful attorney generals in the state of florida and leading the department of justice and crushing violent crime and demolishing the gangs and they're all over the place and look at new york and look at chicago and look at los angeles and destroying them and going for them to be very big priority for pam.

we'll be working with her very closely kristi noem and tom homan and all the people working closely with pam. she's going to end the weaponization of federal law enforcement and restore honesty and integrity of the doj and fbi. larry: all right, u.s. attorney general pam bondi and thank you for this very much, madame attorney general. we're talking about making america great again. we're talking about unleashing prosperity and how about making america safe again. and that's attorney general. that's directive for them and we're going nonstop to make america safe again and starts with the border and tom homan and kristi noem doing a great job and collaborating with all of us and it's just nonstop and

a huge arrest we made in california of someone from guatemala and 20 person human smuggling ring and last week we're making arrests and isis -- isis terrorist in new york sending money to isis and it's nonstop and making cases left and right and as you saw, mexico just gave us back 29 primroses prisoners and that was huge. i got to take to the family of the dea agent killed in the 80s and talked to his widow and his son and his son is now a judge in california. they said they have been asking president reagan to bring this guy to justice since the 80s. know who did it? donald trump. he's back in our country back to president trump. larry: one of the things you're teaching and we've been talking about this is federal laws superseding the state and local

laws and breaking and driving through it and tom homan ask you're the backstop as attorney general, will this continue? >> it's going to stop. you know, we've been gettingball bad rulings out of liberal district court judges trying to rule the entire country and going for 1:00 a.m. on a saturday and trying to stop us and stop everything we're doing and trying to stop doge and stop tech tear bessent and tech tear of treasury and a judge issued an order saying this is one of my favorites saying the secretary of treasury had no control over the money in the treasury department. that's how outrageous it is and we're winning and going to continue winning and the supreme court follows the law. larry: biden judges and obama judges and they're taking president's specktive authority away and article 2 authority away and can't do that and

somebody has to put an end to that. >> they can't, larraly but think they can. you've got one district judge thinking he can control the money for the beyer country. we'll win and defend the epa and secretary of treasury and the president of united states decision who to hire, who to fire. trump saying he wants to review and pause federal funding and some areas not all. and postural funding for review and not even cutting it and judges won't let him have a review. something terribly wrong about

that. >> there's a reason why they don't want to see the money and there's a reason why they don't want us to know where all the money is going and it's massive. going elected overwhelmingly by the people of the united states of america to do just the job that he's doing. larry: last one, real quick since we're talking budges and stuff and you know me, i can't help myself. can minnesota take a look at whether the president should have impoundment authority? if congress says we build a bridge for $1 billion and president trump said i can do it for 500 million, why not for $500 million? >> they want to spend theed money; right? they want to spend the money and they don't want to listen to the really greatest negotiator in

the world, donald trump. larry: all right. attorney general pam bondi, you're very kind. i know you're busy but you're very kind to come down. >> it's an honor. honor. larry: good luck making america safe again. folks, i spoke to house speaker mike johnson earlier today. we'll run that? that in just a moment. thank you, pam bondi. terrific stuff. ♪ ♪ empower ♪ so handsome. oh, i can't buy this. woah, woah. your empower investment account has grown. you earned it, so... (♪) get good at money. so you can be a little bad. empower. ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance... ♪ ♪ ...at each day's start. ♪ ♪ as time went on, it was easy to see. ♪ ♪ i'm lowering my a1c! ♪

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larry: earlier today i spoke to speaker mike johnson. speaker mike johnson, i know you're busy on this big day and thank you for doing this. there's a rumor with a little story going up on fox news that democrats want to disrupt trump's speech tonight and my thought here is a simple one with a guy as popular as he is. with 70 and 80% approval ratings approval rating ands they're going to disrupt that and they've got nothing to say and they cane even take men in women sports really. r it's a leader without a vision and platform to run on and all they can do is try to disrupt

and i hope they don't do that tonight and this joint address to congress, larry, is historic and normally you'd have a state of the union and president would come in really about the first year of his term. >> president trump with a historic second term and less than through all the wins and going through them and all the things he's achieved so far and that's the democrats trying to disrupt that and american people back home are applauding it and we are here as well in the house republican conference. larry: 81% favor deportation and 76% want to end waste, fraud and abuse and corruption and 70% want to cut at least a trillion out of the budget and by the way, his peace and going for zelenskyy and blew up going for

them and it's people with the mineral's deal is a good idea and you can't and going for them and democrats won't die if they had numbers remotely like this after the licken they took last november. >> going for the election and it's repudiated and mandated and i would really summarize what they're going for them and two words and it's strength and common sense and going for them and going peace through strength and he's putting pieces together and going to put the economy strongest again and following up with the legislative agenda to do the same and restoring common sense in the areas and it's going for them and are that's going to be the same thing and every single american and i think that's a winning message, a winning set of policies and going for them to be where they are right now.

going for policy to unleash prosperity. larry: i want tax cuts, permanent use the right baseline and let's get spending cuts and by the way, you worked a miracle, mr. speaker, and getting it through the house last week. going for them and now it's time to build that miracle. and unlock the energy going for spending cuts and going for unleash prosperity and going by june 1 do going for the whole bloody bill. glottology be one big beautiful bill as the president says and well check all the boxes and we'll achieve all the priorities and fulfill all those prosperities we made on the campaign trail and we can do it all at once and if you break it up into separate pieces, it's hard tore push through.

couldn't be done and republicans are going to stick together and going to accomplish this mission and most consequential piece of legislation and going for them and going to be the most consequential president going for them in history and if we continue at this pace, we'll hold the majority for a long, long time. larry: i'm told i'm hearing that zelenskyy of ukraine is now trying to crawl back into the good graces and even maybe apologizing to president trump and willing going for vladamir putin and real future for ukraine and anything else that

happened and hearing anything about this zelenskyy coming back and what do you think, mr. speaker? >> yeah, in fact i talked to president trump about this about two hours ago and when the statement was coming through there. and going for mr. president and going for the president by the way it went down in the oval office and coming through the table and it's very wise on its post and best outcome and possible scenario to bring peace to the conflict and once president trump gets them and the entire idea was keep them in the game and maintain status quo and get to the point of a peace negotiation and said bacterin and we believe it had and it came true. president trump going to be reelected president and he's the only person strong enough and only person on the planet strong enough to bring these parties to the table and make them

negotiate an end to the conflict. that appears to be on track again. larry: thank you for your time. we know you're awful busy today. thank you, sir. will you go, speaker mike johnson really kind of a miracle worker getting all that stuff through on big beautiful bill going to make it and remember folks, catch kudlow monday through friday at 4:00 p.m. on fabulous fox business for some reason going to get us at 4:00, just dvr the show going to your favorite 9-year-old and she'll teach you how to dvr the show and never miss a thing. one big beautiful bill and unleash prosperity and i'll be right back with my last prosperous word. ♪(voya)♪ there are some things

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