Introduction: Why Trump’s Tariffs Matter

This Black Friday isn’t just about sales—it’s about taking stock of America’s economic strategy. Former White House strategist and host of the WarRoom, Steve Bannon, made it clear on Friday’s program: tariffs are essential. They’re taxes and tools to protect industries, correct trade imbalances, and boost domestic manufacturing. Let’s unpack what Bannon said and why it matters for every American.

Tariffs as Economic Weapons

Bannon spoke with Phillip Patrick on Friday’s show and said that he believes tariffs are necessary to shake up an unfair system. He explained, "We’ve been heading in the wrong direction for a long time.” Trump’s approach disrupts the status quo by targeting major trade partners like Mexico, Canada, and China. Bannon pointed out, "We’re talking two to three trillion dollars a year of trade.”

This disruption isn’t just about economics; it’s about power. By imposing tariffs, Trump signals that the U.S. will no longer tolerate unfair practices. According to Bannon, tariffs serve as "a negotiating tool” and have proven effective in bringing other nations to the table.

Watch:

With Major Economic Shift Coming Under President Trump Visit https://t.co/BExE3k1CLX @BirchGold pic.twitter.com/Gy6hP2LIB0

— Bannon’s WarRoom (@Bannons_WarRoom) November 29, 2024

Short-Term Pain, Long-Term Gain

Critics argue that tariffs increase prices, and Bannon doesn’t disagree. "Tariffs are inflationary short-term,” he admitted. Prices may rise, but the bigger picture is brighter. Bannon emphasized, "They incentivize domestic manufacturing.” This means more jobs and a stronger U.S. economy in the long run.

He also pointed out an often-overlooked benefit: revenue generation. Even Democrats, Bannon noted, "kept Trump’s initial tariffs because they liked the revenue it generated.”

A Bold Team and a Clear Plan

Bannon is optimistic about Trump’s economic team. He highlighted their real-world experience and commitment to bold goals. "It’s the 3-3-3 plan,” Bannon explained, referencing Trump’s strategy to reduce budget deficits to 3% of GDP, grow real GDP by 3%, and increase energy production.

This team isn’t afraid to make tough decisions. "We’re talking about cutting spending by a trillion dollars a year,” Bannon said. It’s a monumental task, but one he believes is achievable.

The Markets and Volatility

Markets are jittery, and Bannon acknowledged this. "There’s some whispering out there that this is going to be inflationary,” he said. However, he predicted that once Trump’s policies take effect, stability will return.

For now, volatility is part of the process. "I’m predicting volatility between now and the first quarter of next year,” Bannon noted. He urged patience, emphasizing that meaningful change takes time.

A Hedge Against Economic Storms

Bannon also stressed the importance of gold and precious metals as safe investments during turbulent times. "Gold has always been a safe haven,” he said. He encouraged Americans to educate themselves and prepare for the challenges ahead.

Embrace the Change

Bannon’s message is that Trump’s tariffs are not just economic tools but a declaration of independence from outdated systems. They may cause short-term challenges, but the long-term benefits are worth it. As Bannon put it, "We’re finally heading in the right direction.”

For more of our coverage on Economic nationalism and Trump’s tariffs: