Inflations mellows as Trump’s tariffs hit, nearly half of the Department of Education has been let go, and thousands of Syrian religious minorities are slaughtered in jihadist purge. Get the facts first with Morning Wire.Good Ranchers: Visit https://go.goodranchers.com/4hPfmTE for free bacon, ground beef, bacon, seed oil free chicken nuggets, or salmon in every order for a year + $40 off with code WIRE.
Chapter 1: What is the main topic of this episode?
Inflation cools even more than economists expected, just as Trump's tariffs go into effect.
The president wants steel and aluminum in America. And let me be clear, nothing's going to stop that until we've got a big, strong, domestic steel and aluminum capability.
How do Americans feel about Trump's strategy on the economy?
I'm Georgia Howe with Daily Wire Editor-in-Chief John Bickley. It's Thursday, March 13th, and this is Morning Wire. Nearly half of the Department of Education has been let go as the president prepares to shutter the agency completely.
We want to bring the schools back to the states because we have the worst education department and education in the world.
And more than a thousand minority religious civilians, including many Christians, have been slaughtered in Syria in a widespread jihadist purge.
Today, we have an Islamist extremist who is now in charge of Syria, who has already begun to persecute and kill and arrest religious minorities like Christians in Syria.
Thanks for waking up with Morning Wire. Stay tuned. We have the news you need to know.
Hey, guys. Producer Brandon here. Did you know that over 140,000 family farms and ranches in the U.S. have closed down since 2017? But by subscribing to Good Ranchers, you can help prevent the closure of more. At GoodRanchers.com, you can rest easy knowing exactly where your meat comes from. Support those who work to feed Americans with meat exclusively and locally sourced.
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Chapter 2: How do Trump's tariffs impact the American economy?
Chapter 3: What are the recent changes in the Department of Education?
I'm Georgia Howe with Daily Wire Editor-in-Chief John Bickley. It's Thursday, March 13th, and this is Morning Wire. Nearly half of the Department of Education has been let go as the president prepares to shutter the agency completely.
We want to bring the schools back to the states because we have the worst education department and education in the world.
And more than a thousand minority religious civilians, including many Christians, have been slaughtered in Syria in a widespread jihadist purge.
Chapter 4: What is the situation for religious minorities in Syria?
Today, we have an Islamist extremist who is now in charge of Syria, who has already begun to persecute and kill and arrest religious minorities like Christians in Syria.
Thanks for waking up with Morning Wire. Stay tuned. We have the news you need to know.
Hey, guys. Producer Brandon here. Did you know that over 140,000 family farms and ranches in the U.S. have closed down since 2017? But by subscribing to Good Ranchers, you can help prevent the closure of more. At GoodRanchers.com, you can rest easy knowing exactly where your meat comes from. Support those who work to feed Americans with meat exclusively and locally sourced.
Subscribe now at GoodRanchers.com for free bacon, ground beef, seed oil-free chicken nuggets, or salmon in every order for a year, plus $40 off with code WIRED. Good Ranchers. American meat delivered.
After years of record price increases, inflation just slowed to its lowest rate in years.
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Chapter 5: How is inflation affecting everyday prices?
Daily Wire senior editor Cabot Phillips is here to break it down. So Cabot, there were some welcome signs of economic relief recently. What did we learn on Wednesday?
Well, according to the Labor Department's monthly inflation report, the consumer price index, which tracks the general cost of everyday goods, rose 2.8% from the same month last year and just 0.2% from the month before. Both of those numbers were better than expectations and marked the first time in four months that we saw an annual decrease in the consumer price index or inflation.
At the same time, core prices saw a 3.1% increase from last year. That is the best number we've seen in nearly four years. Here's White House Press Secretary Caroline Leavitt addressing those numbers Wednesday.
You see the cost of eggs is going down, cost of gasoline is going down because of the massive deregulatory efforts of this president. And also the fact that we are delivering on his promise to drill baby drill already.
You saw this past weekend, the National Economic Advisory put out a report that because of the regulations we've already slashed in just 52 days, we've saved American taxpayers $180 billion. That comes out to about $2,000 per American household. That's in 52 days.
Looking through the data, inflation rates on housing saw the most notable cooling. They were up 4.2% from the same month last year, which doesn't sound great, but is actually the smallest yearly increase since 2021. So all that to say inflation is still present. Prices are still going up, just at a significantly slower pace than we saw in recent years.
But there are some warning signs, though, that we're not out of the woods. How are tariffs affecting things?
Right, these numbers do reflect February data that came in before President Trump ratcheted up his trade war with Canada, Mexico, Europe, and China, among others. On Wednesday, 25% tariffs on all steel and aluminum products went into effect. Canada immediately responded with 25% tariffs of their own on more than $20 billion worth of American imports.
For their part, the European Union also slapped retaliatory tariffs on nearly $30 billion worth of goods, including home appliances, textiles, and agricultural products. And it's worth noting that list of goods is not random. EU officials told reporters they wanted to target products that primarily came from Republican-led states.
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Chapter 6: What is the political reaction to Trump's economic strategy?
Everyone said the sky was falling when Trump implemented tariffs in his first term, and most consumers saw no difference at all. In fact, the price index that measures the overall price level of things we import into this country, so that would be the things on which tariffs were placed, that price index actually fell after Trump implemented tariffs in his first administration.
So this idea that tariffs are always passed on in full to the consumer, the record of history as well as economic theory says that that's not the case.
But look, there is certainly a very real political risk here attached to President Trump's strategy.
Right. So what kind of reaction are we seeing from voters?
So during his first term, President Trump consistently saw a higher approval rating on his handling of the economy than any other issue. It arguably is what got him back in the White House. But in recent weeks, Americans do appear to be souring on his handling of the economy. A CNN poll found him at 44% on that front and his 12 points underwater and his lowest rating on the economy on record.
Now, the White House is confident those numbers will turn around as inflation continues to slow and tariffs drive American manufacturing. But that does not happen. There is a risk the president could lose support on the issue where he's typically been the most popular.
Right. Cabot, thanks for reporting.
Anytime.
President Trump seems closer than ever to fulfilling his campaign promise to shut down the Department of Education.
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