Video transcript
The Donald Trump administration is arguably the most influential this century, and probably as well, dating back a good portion of the last century as well. Love it, like it, lump it. Trump is remaking in the United States of America. Let's talk about tariffs first, right? There's all this talk that Donald Trump always chickens out when it comes to tariffs. Uh-uh. No tacos for Trump. The effect of tariff rate. Get this. It's 18% the highest. The highest since the FDR administration in the 1930s. Up from, get this, just 2% last year. From just 2% last year, we're talking about a level, an effective tariff rate level. Get this. Nine times as high this year than last year. But it's not just on tariffs, which, of course, Donald Trump ran on, in which you're seeing a tremendously influential presidency. What about immigration? Of course, Trump ran and has always run on a very hawkish immigration platform. Get this. 2025 net migration in the United States, down at least 60% from last year. In fact, we may be heading for the first time in at least 50 years, in which we have net negative migration into the United States. And last year, of course, in 2024, the net migration in the U.S. was 2.8 million. This year, we might be talking about negative net migration. My goodness gracious. Now, of course, this is part of the larger story, as I was mentioning. We're talking about immigration, net migration. We're talking about the effect of tariff rate. But get this. How is Donald Trump doing it? Well, he is signing a ton of executive orders. Get this. 180, the most in a year since Franklin Delano Roosevelt. Oh my goodness. You have to go back to the first half of the 20th century, the last century. And to make a comparison, Joe Biden signed, get this, just 77 during his entire first year. And we're only a little bit in August so far. And Donald Trump making history with 180, 180 executive orders signed so far this year. So that's why I said that, in my mind, Donald Trump is the most influential president of this century and probably dating back a good portion of the last century. That is because he is remaking the country in terms of tariffs. He is remaking the country in terms of net migration. And he is remaking the country in terms of how much policy changes he's putting through in executive orders. As I said, it truly is history making. Love it, like it, or lump it.
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