Discover video-sourced quotes by politicians

Steve Bannon: “Virtually all of them [infrastructure projects] are upside…”

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

'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War

Published April 8, 2025 | Video Starts at 28:50

And what happened is that as you can imagine, the projects took longer. Sometimes the quality wasn't there, maybe the business model didn't work. Virtually all of them [infrastructure projects] are upside down. And what the Chinese Communist Party does is kind of what the British East India Company did in for in advancing cash. If you can't pay it, hey, maybe we restructure the deal. (28:50–28:53)

CLAIM

Asserts that nearly all infrastructure projects funded by the One Belt, One Road initiative are financially unsuccessful.

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.

Discover more from

Steve Bannon

“We put some of the strictest tariffs ever on China in 17 and 18 and, and prices didn't go up at all on Chinese product.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 01:15-01:25
“He [President Trump] shut down the border in 60 days, there's no crossings.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 02:07-48:54
“We have a cumulative trade deficit, I believe a $25 trillion.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 09:07-09:12
“It's now up to $37 trillion and we're adding right now about a trillion dollars every hundred days.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 32:31-32:37
“The gross interest charges now on just our debt is $1.4 trillion.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 32:39-32:45
“Between January of 2021, when Biden took office, in January of 2025, when Trump returned, 10 million illegal alien invaders came across the…”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 49:01-49:16
“The New York Times reports that the tariffs on Mexico alone, the first tranche of tariffs, cut the fentanyl traffic by 50%.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 51:46-51:54
“This [Ukraine conflict] has been every bit as bloody, if not bloodier than the start of the Second World War.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 00:58-47:29
“The net trade deficit with China is 5 or $600 million, excuse me, billion dollars.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 04:11-04:17
“In Christmas of 19 we had virtually no inflation, lowest interest rates you ever had exploding growth explode, 3 1/2% growth.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 04:46-04:57
“There's no evidence when Trump did this the first time, not a scintilla evidence from the largest partner we buy from on, on finished goods…”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 05:18-05:31
“We essentially I think went to economic War with the Chinese Communist Party yesterday.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 07:16-07:22
“These tariffs I think could put Xi out of business.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 07:29-07:32
“President Trump's adamant if you bring the tariffs down, and particularly on reciprocity, you bring the non tariff barriers, which is really…”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 08:14-08:22
“I think the Biden, the Biden, you know, last year is going to be, I think near a trillion dollar trade deficit.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 08:59-09:08
“We have a trillion dollar defense bill.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 09:55-09:59
“We're underwriting the security of Western Europe, of the Persian Gulf and the Gulf Emirates of, around the South China Sea and the Straits…”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 10:00-10:14
“We have trade deficits basically with every part of the. You go around the, the horn, around the rim of the Eurasian land mass. We have…”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 10:15-10:25
“Reagan and Thatcher were neoliberal neocons, okay. At that time in trying to take on the Soviet Union.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 11:36-11:45
“We've been underwriting your defense since World War II and we're kind of underwriting your prosperity.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 12:34-12:39
“The European elites are total and complete deadbeats.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 16:43-16:48
“You actually realized we have to get to 2 to 2% or 2 and a half percent, which none of you did.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 17:00-17:06
“If you took the United States out of Western Europe today, militarily, the whole thing would collapse.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 17:32-17:38
“We have a trillion dollar defense budget and we got to cut the defense budget.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 18:44-18:48
“We have a 2 trillion dollar deficit every year.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 18:48-18:51
“The EU was the first to start bitching and moaning about the tariffs.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 19:50-19:53
“President Trump's a real estate guy, you know, back rent. Oh, by the way, you haven't. This was in 2017. Your four years arrears are not me…”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 20:25-20:37
“A country that has $2 trillion deficit and at that time 32 or $33 trillion in face amount of debt.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 21:06-21:12
“They changed it that they actually can run budget deficits because these deadbeats have not paid for the defense in 80 years.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 21:22-21:30
“The United States, we don't want you, the populist nationalist movement, the last thing we want is the British or the Europeans to be vassal…”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 22:26-22:35
“You're a protectorate, just like Saudi Arabia in the, in the Gulf.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 22:52-22:55
“The strategic heartland of America, is actually the Pacific, the vast Pacific.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 23:36-23:41
“The Pacific, that vast central Pacific is actually the size of the Eurasian landmass.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 24:00-24:07
“You have massive financial problems in England that have to be solved now, and it's got to be solved with him or the IMF is going to step…”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 25:09-25:18
“Diego Garcia is so important. It is actually the linchpin of the Indo Pacific strategy.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 26:17-26:24
“My understanding is that giving it back to Mauritius, who's up to the neck of the Chinese Communist Party, there is a lease that's going to…”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 26:51-27:02
“What the Chinese Communist Party has done is predatory capitalism.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 28:27-28:32
“One belt, One road was, was basically lend vast amounts of money to these South Asian and central sub Saharan African countries to build…”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 28:32-28:44
“We spend about six and a half or seven trillion dollars a year our tax base. So everything we bring in is about four and a half.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 32:16-32:24
“We have a $2 trillion deficit every year.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 32:23-32:28
“Ray Dalio...says, but I see a failed treasury auction here where you go to market in refinancing these tens of trillions of dollars you have…”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 32:44-33:10
“We have an open violent revolutionary movement that singled this guy [Elon Musk] out and gone after his customers.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 33:38-33:45
“You can't drive a Tesla into a parking lot of a restaurant or somebody will attack it or attack you personally.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 33:59-34:04
“Trump has remade the Republican Party.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 34:51-34:55
“The Tory voter is more the credentialed class, like kind of the Democratic Party.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 35:09-35:14
“The reformed voter is much more working class, or it's that middle class that really. Remember, it's kind of maga.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 35:13-35:20
“We start to have to identify real numbers, particularly on fraud.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 37:00-37:04
“The American taxpayer is sitting there going, hey, I don't trust the government to do anything.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 37:05-37:09
“We have to identify the actual fraud and then we have to prosecute people.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 37:12-37:19
“The authorities will have to stop from being the French Revolution and getting guillotined.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 37:31-37:36
“The way we finance things here, we actually had to approve a budget that is actually Trump's first year.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 38:12-38:20
“That budget also had a $2 trillion deficit and baked into it that we agreed to.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 38:23-38:28
“All of the fraud that Elon Musk had found up to three weeks ago is actually none of it, got taken out.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 38:29-38:36
“This fight between the judiciary and the presidency is between this battle between the executive branch and the judicial branch.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 39:06-39:13
“The judiciary is basically saying you're not chief executive because you really can't cut personnel and you can't cut spending.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 39:12-39:19
“You don't know if grand juries have been impaneled.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 40:23-40:26
“The corruption, the, the what happened at the Justice Department is tremendous.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 40:34-40:40
“Pam Bondi's kind of revered by the MAGA base.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 40:59-41:03
“Pam Bondi has, quite frankly been a player in Beloved.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 41:17-41:21
“President Trump is not driving [the] investigation[s].”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 42:29-42:32
“Two or three people in the National Security Council have been dismissed.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 44:25-44:36
“Our movement does not want to be sucked into more forever wars.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 45:39-45:43
“President Trump has announced his first trip is going to be Saudi Arabia, UAE and Qatar and maybe Israel.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 45:49-45:56
“The deportations, particularly the 10 million in this reconciliation bill that still has to be passed, it's $170 billion to do that.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 49:32-49:42
“The Mexican military is starting to look like with the American military interdict the fentanyl trade with taking, physically taking down…”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 51:59-52:10
“Bolsonaro is up, I think 15 or 20 points on Lula.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 54:46-54:48
“In Brazil, they have Bolsonaro's on trial for his life in a show trial that's every bit as bad as Moscow in 1935.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 54:49-54:59
“In France, on what was an administrative thing...they found [Marine Le Pen] guilty.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 55:36-55:38
“There are very few populist economic nationalists in either the House or the Senate.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 59:03-59:09
“The people that oppose President Trump buy into the globalist system.”
'Europe is no ally' Steve Bannon on Tariffs, Trump, and Total War | Uploaded April 8, 2025 | 59:35-59:39