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Steve Bannon: “The tariffs didn't increase prices.”

Featuring: Steve Bannon, Former White House Chief Strategist | National

And, This is Steve Bannon | This is Gavin Newsom

Published March 12, 2025 | Video Starts at 33:20

And they just tore the deal up and walked away. Right. And said screw you. And so that's when these tariffs and The tariffs didn't increase prices. So when people say they increase prices, I don't actually think you have some economists saying theoretically. But when we look at practically back to the golden year of 2019, you don't actually see it. (33:20–33:23)

CLAIM

Asserts that tariffs imposed during Trump's term did not lead to price increases.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Steve Bannon

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“Our trade deficit in I think in January alone was a record trade deficit. I think it was $100 billion.”
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“Goldman Sachs got bailed out. AIG, no corporate guys ever went to prison on the worst bailout.”
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“The Federal Reserve's balance sheet went from $880 billion to I think, four and a half [trillion].”
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“The bond market has turfed out more governments than howitzers.”
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“The Italians are probably close to a sovereign debt crisis.”
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