April 9, 2025

Joe Rogan, Dave Portnoy and Ben Shapiro TURNING on Trump? | Luxury Handbags and DEPORTATION APPS in America's New Tariff Nightmare

Show Notes
Transcript

Patrick Gutfield breaks down how Joe Rogan and Trump's biggest podcast allies Dave Portony and Ben Shapiro are jumping ship as tariffs CRUSH the economy! Watch Wall Street MELTDOWN while Chanel and Gucci executives panic over their six-thousand-dollar bags. Plus: The government's new nine hundred ninety-eight dollar daily immigrant fine that has everyone talking! Even Elon Musk calls Trump's advisers "dumber than a sack of bricks" in this episode more EXPLOSIVE than anything on The Joe Rogan Experience!

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Callaroga Shark Media.

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From Washington, DC, where there are no tariffs on podcasts yet.

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This is ballot. That's right.

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Podcasts are free as long as you don't mind three

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gambling ads.

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Good morning.

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I'm Patrick Guttfield and President Trump's latest tariffs kicked in

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just after midnight on Wednesday, and boy did he go

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all out this time. He's hitting nearly all US allies

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with punishing new levies while jacking up import taxes on

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Chinese goods to more than one hundred percent. That's right,

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one hundred percent. He's basically saying, if you want to

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sell us your stuff, it'll cost you your stuff. China

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didn't waste any time hitting back with their own tariffs

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set to kick in at noon Eastern. Meanwhile, the European

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Union is getting ready to approve their own retaliation plan.

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It's like a global economic game of tag You're broke.

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The stock markets are absolutely loving this situation, if by

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loving I mean plummeting faster than my self esteem when

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I try on last year's swim trunks. Losses have been

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mounting worldwide since Trump announced these tariffs last week. Even

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government bonds are getting dragged into this mess now. And

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those are supposed to be the safe investments. You know

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things are bad when the financial equivalent of hiding money

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under your mattress starts looking risky. Rising bond yields mean

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borrowing costs go up for mortgages, credit cards, and business loans,

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which is exactly what the Trump administration doesn't want. They've

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been trying to make debt cheaper, not more expensive. Nothing

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supports economic growth like affordable debt.

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That's the American way.

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Here in America, the S and P five hundred is

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teetering on the edge of.

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A bear market.

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For those unfamiliar with financial terms, a bear market is

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when stocks fall so much that Wall Street executives have

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to start.

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Making their own coffee.

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Trump's tariffs are causing some of his biggest supporters to

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have second thoughts. You know things are getting serio when

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even the people who helped elect you are saying, hang

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on a minute, I didn't sign up.

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For this financial apocalypse.

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Joe Rogan, Dave Portnoy, and Ben Shapiro, the holy trinity

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of dudes who podcast from rooms with exposed brick walls,

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are suddenly wondering if these tariffs might be a bad idea.

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Who could have.

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Possibly seen this coming, besides economists and historians and people

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who passed high school social studies. Ben Shapiro, who initially

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backed Rondasantis before jumping on the Trump train, said the

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tariff rollout was about as bad a rollout as you

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could do, coming from the guy who talks faster than

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an auctioneer on espresso.

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That's saying something.

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In a video to his seven million YouTube subscribers, Shapiro said,

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the idea that tariffs make us rich is really problematic

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and untrue. Wow, Ben Shapiro calling something from Trump untrue.

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That's like your most loyal dog suddenly looking at you

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and saying, you know what, I'm not fetching that ball anymore.

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Dave Portnoy of Barstool Sports opened his financial live stream

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with Welcome to Orange Monday. Portnoy claims he's lost twenty

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million dollars because of these tariffs, which is about fifteen

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percent of his net worth. That's the financial equivalent of

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finding out your favorite sports team not only lost, but

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also somehow set the stadium on fire.

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But don't worry.

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Portnoy says he's sticking with Trump because they're smarter than me.

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When it comes to these tariffs.

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Nothing inspires confidence in economic policy quite like I have

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no idea what's happening, but I trust the guy who

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bankrupted multiple casinos. Joe Rogan, who endorsed Trump right before

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the election, called the president's viewed with Canada stupid and

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complained that Canadians booed us over tariffs at sporting events.

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When you've made Canadians mad enough to boo, you know

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you've crossed a line. These are people who apologize when

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you step on their foot. Even Elon Musk is skeptical

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about the tariffs, saying they would drive up costs for Tesla,

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and asked about this, White House Trade advisor Peter Navarro

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said Musk doesn't understand the situation.

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That's right.

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The guy who builds rockets that land themselves in tunnels

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under cities doesn't understand basic economics.

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Makes perfect sense.

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Musk fired back on Tuesday, calling Navarro truly a mourn

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a dumber than a sack of bricks who knew that

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Department of Government efficiency didn't include efficient communication between advisors.

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Hedge fund manager Bill Ackman warned that we are heading

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for a self induced economic nuclear winter unless Trump changes course.

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Nothing says everything is fine. Quite like comparing your economic

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policy to nuclear war. Trump has a brand new plan

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for immigrants facing deportation, Pay up, or pack up. According

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to reports, he's planning to find migrants nine hundred and

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ninety eight dollars a day if they don't leave the country.

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Nine hundred and ninety eight dollars a day. That's oddly specific, right,

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not one thousand dollars nine hundre ninety eight. I guess

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even when imposing crippling financial penalties, someone in the administration

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is still looking for those two dollars savings. One thousand

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dollars seems harsh. Let's make it nine hundred and ninety eight.

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We're not monsters. According to Reuters, Trump is invoking a

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nineteen ninety six law to impose these penalties on migrants

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under deportation orders. And get this, if they don't pay

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the fines, their property can be seized and sold. That's right.

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The government will take your couch, your microwave, maybe even

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that novelty singing fish on your wall. Nothing says Welcome

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to America like leaving.

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Without your Billy bass.

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A senior Trump official said these fines would be applied

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retroactively to some immigrants with long standing deportation orders could

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be hit with penalties exceeding one million dollars. DHS spokesperson

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Tricia McLaughlin said immigrants who were in the US illegally

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should use the CBP home app to self deport and

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leave the country now. Yes, there's an app for that

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coming soon. Uber Deport five stars would flee again. If

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they don't, they will face the consequences. McLaughlin added, I

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guess when they said give me you're tired, you're poor,

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your huddled masses, they didn't mention your wallets, your savings accounts,

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and your furniture too. The New York Times is wondering

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what will happen to the handbags, ladies and gentlemen.

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We've got a national crisis on our hands.

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They explained that Trump slapped twenty percent tariffs on European goods,

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and luxury brands are panicking.

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That's right.

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The real victims of international trade policy are checksnotes, people

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who buy nine hundred dollars wallets. Just a month ago,

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luxury businesses were dreaming of well healed buyers splurging on

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opulent ball gowns and statement watches. Now, they're wondering if

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Americans will still pay five thousand dollars for a Quilton

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ship Nell bag when it suddenly costs six thousand dollars.

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The horror, the.

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Injustice, and now luxury is in a very tough spot.

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You know who else is in a tough spot, everyone

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else in America. But please, let's all worry about how

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this affects to York. When asked for comment, every single

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luxury brand decline.

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Doug Hand, a fashion lawyer for independent American brands.

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Described his clients as biting their nails and pulling their

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hair out. That's what happens when you can't afford therapy

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because you spend all your money on cashmere sweaters.

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So sleep tight, America.

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Your eight thousand dollars handbags might soon cost nine six

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hundred dollars.

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But at least we're making.

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America great again for people who resell vintage rolexes. Portions

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of today's show were made with the help of Joe

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rogan Ai and the guy selling fake Rolexes on thirty

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fourth Street.