Menu
Sign In Pricing Add Podcast
Podcast Image

Morning Wire

Tariff Time & Marine Le Pen Convicted in France | 4.1.25

Tue, 1 Apr 2025

Description

President Trump’s tariffs are set to take effect, France’s leading candidate barred from presidential ballot, and Musk and DOGE uncover Social Security abuse. Get the facts first on Morning Wire.Lumen: Head to http://lumen.me/WIRE for 15% off your purchase.Shopify: Go to https://Shopify.com/morningwire to sign up for your $1 per month trial period and upgrade your selling today.

Audio
Transcription

Chapter 1: What are the implications of Trump's tariffs?

3.134 - 10.857 Georgia Howe

President Trump's tariffs go into effect at midnight tonight as foreign leaders and state governors scramble to negotiate last-minute deals.

0

11.537 - 21.18 Unidentified Speaker (Brief Interjection)

President Trump doesn't want American industries to survive. He wants them to thrive. And that's exactly what his tariff and trade policy is going to do.

0

21.68 - 24.121 Cabot Phillips

How do voters feel about the new economic order?

0

24.921 - 41.822 Georgia Howe

I'm Georgia Howe with Daily Wire Editor-in-Chief John Bickley. It's Tuesday, April 1st, and this is Morning Wire. Populist leader Marine Le Pen is barred from running for office in France after being found guilty of embezzlement.

0

Chapter 2: Who is Marine Le Pen and why was she convicted?

42.443 - 48.433 Unidentified Speaker (Brief Interjection)

If this stands, I think you can't argue that democracy is alive in France.

0

Chapter 3: How is Elon Musk involved in Social Security issues?

49.281 - 56.126 Cabot Phillips

And Elon Musk uncovers millions of non-citizens on the Social Security rolls, including thousands who allegedly voted.

0

56.666 - 69.535 Elon Musk

If you create a massive financial incentive for people to come to the United States illegally, then that's what they will do. The thing that actually has the Democrats losing their mind is that we're going to turn off the payments to illegals.

0

70.375 - 74.278 Georgia Howe

Thanks for waking up with Morning Wire. Stay tuned. We have the news you need to know.

0

78.578 - 93.009 Unidentified Speaker (Brief Interjection)

When your metabolism is working correctly, you feel the benefits in every aspect of life. With Lumen, the world's first handheld metabolic coach, you can gain insight and stay on track when it comes to improving your health. By simply breathing into your Lumen each morning, you'll discover if your body is burning fats or carbs.

0

93.449 - 110.083 Unidentified Speaker (Brief Interjection)

The app then provides personalized nutrition plans and lifestyle guidance based on your unique metabolism. Take the next step in improving your health. Go to Lumen.me to get 20% off your Lumen. That is lumen.me slash wire for 20% off your purchase. Thank you, Lumen, for sponsoring this episode.

112.946 - 123.176 Cabot Phillips

Just hours out from Donald Trump's Liberation Day, consumers, corporations, and international trading partners are preparing for a slew of new tariffs that could reshape the global economy.

Chapter 4: Why is Trump's tariff strategy controversial?

123.766 - 137.302 Georgia Howe

Daily Wire senior editor Cabot Phillips is here with more on the economic ramifications heading into this crucial deadline. So Cabot, all eyes on the White House as we wait for the final details of Trump's tariffs. What's the latest?

0

137.765 - 159.001 Cabot Phillips

Well, if there's anything we've learned from Trump, it's that he is full of surprises. And that is certainly the case here. For weeks now, the president has floated a variety of ideas on tariffs, sometimes saying he would match the rates set by other countries, then floating the idea of a universal 20% rate, and then saying that he could be, quote, much more generous with our trading partners.

0

159.041 - 167.468 Cabot Phillips

So to put it simply, we are in the dark on what exactly this Liberation Day will look like. And that sort of plays into Trump's strategy on these things.

0

168.16 - 171.805 Georgia Howe

So what is the strategy there? Why is he waiting to unveil the full plan?

0

172.326 - 191.266 Cabot Phillips

Well, by waiting until the last minute, he leaves the door open for more negotiating. On Friday, for example, Mexican President Claudia Sheinbaum met with Trump officials to discuss her plans to improve border security. clearly hoping to ease looming tariffs on her country. And in recent days, the president has fielded calls from the prime ministers of Canada and Great Britain.

191.846 - 205.733 Cabot Phillips

Both men reportedly made their last-minute pitches seeking to dodge tariffs. And more broadly, in the last 72 hours, lawmakers in both parties have... been lighting up the White House phones, lobbying for exemptions for particular industries in their states.

206.414 - 223.989 Cabot Phillips

And of course, we've also seen a flood of business leaders making their case to the president, some vowing to bring manufacturing stateside and pour money into investments and jobs in exchange for lower tariffs. So Trump is seemingly content to let the pressure build and make final decisions once all offers are on the table.

225.025 - 230.867 Georgia Howe

So let's talk about the political ramifications of some of that uncertainty. What are we seeing when it comes to voters?

231.347 - 251.653 Cabot Phillips

So amid the market swings and concerns over potential price increases from these tariffs, there is no doubt that more voters have soured on Trump's handling of the economy, the issue typically he's been the most popular on. Numerous polls this week show his approval rating on the economy lower now than at any point in his first or second term. The Associated Press, for example, had him at 40%.

Chapter 5: What are the political ramifications of Trump's tariffs?

322.465 - 335.357 Cabot Phillips

The White House has also been quick to argue that they are essentially cleaning up the mess left by the Biden administration, which in their view created massive trade disparities and sped up the hollowing out of America's manufacturing capabilities. Here's Antonio to that point.

0

335.885 - 352.637 E.J. Antoni

You know, the Fed cut interest rates when they had no business doing so back in the autumn. That caused commodity prices to spike. That is now turning into higher wholesale prices and higher retail prices that you and all the listeners have to pay. That's one of the reasons why we're still dealing with some inflationary fallout.

0

353.257 - 359.521 E.J. Antoni

So that's basically the mess that has been dumped into this administration's lap and that they're now having to deal with.

0

360.142 - 364.225 Cabot Phillips

So a lot riding on these next few days. Liberation Day now upon us.

0

364.755 - 368.318 Georgia Howe

Well, no doubt everyone's going to be watching the markets. Cabot, thanks for reporting.

368.599 - 368.939 Cabot Phillips

Anytime.

Chapter 6: How are businesses responding to potential tariff impacts?

372.142 - 390.068 Unidentified Speaker (Brief Interjection)

What's the secret behind wildly successful businesses? It's not just great products or brilliant marketing. It's the unsung hero, the business behind the business. It's time to make those business goals a reality. For millions of entrepreneurs, that hero is Shopify. Upgrade your business and get the same checkout we use with Shopify.

0

390.508 - 401.435 Unidentified Speaker (Brief Interjection)

Sign up for your $1 per month trial period at Shopify.com slash MorningWire, all lowercase. Go to Shopify.com slash MorningWire to upgrade your selling today. Shopify.com slash MorningWire.

0

404.718 - 415.965 Georgia Howe

Maureen Le Pen, the populist frontrunner for France's 2027 presidential race, has been convicted of embezzlement and banned from seeking office for five years. Her supporters say this is pure lawfare.

0

416.567 - 427.877 Cabot Phillips

Here are the latest is Daily Wire culture reporter Megan Basham. Hey, Megan. So for those who don't closely follow European politics like we do, give us the background on Le Pen and these charges against her.

0

428.396 - 450.902 Megan Basham

Yeah, so Le Pen is the prominent leader of the right-wing National Rally Party. She's a very Trump-like figure in France, very much feared by the political establishment who characterize her as an extremist, but she's also very popular with the French public. Recent polls and elections show that nearly 40% of French voters back her and her party, and no other candidate comes close to that.

451.542 - 473.823 Megan Basham

So she was found guilty of misappropriating several million euros in European Union funds. Essentially, her party was entitled to a certain amount of European funding for things like paying staff to work on general European political operations. Well, the court found that she used that money to the benefit of her national party, essentially a co-mingling of funds.

474.423 - 489.601 Megan Basham

But Ellen Fantini, managing editor of the European Conservative, told me that virtually every major party in Europe does this same kind of thing. She says that the way this conviction is being carried out makes it very clear that this is about sidelining Le Pen as a candidate.

490.242 - 519.825 Unidentified Speaker (Brief Interjection)

What's crazy about it is that under French law, of course, she can appeal the conviction like in the United States, which means that while she's pending appeal, she's not going to have to serve any parts of her sentence, which were house arrest, two years of house arrest, as well as then kind of probation after that. But the prohibition on running for office is in execution as of basically today.

520.726 - 525.852 Unidentified Speaker (Brief Interjection)

even though she has the right to appeal. So it's obvious that that's the real thing they wanted.

Chapter 7: What is Shopify's role in business success?

602.677 - 606.741 Cabot Phillips

Some heightened rhetoric there. What are other European leaders saying about this?

0

607.521 - 629.12 Megan Basham

Not much from those on the left, but those on the right are speaking out loudly. So on Monday, Hungarian Prime Minister Viktor Orban posted, «Je suis Marine. I am Marine». Italy's Deputy Prime Minister Matteo Salvini, leader of the far-right League Party, called the ruling a «declaration of war by Brussels», meaning the European Union establishment.

0

629.7 - 650.636 Megan Basham

Populist party leaders in the Netherlands, Spain, Belgium, all of them are characterizing this as an attempt to stymie the success that the right has been experiencing across Europe. Many are comparing it to Colin Georgescu of Romania. He's another popular right-wing presidential candidate who a court just banned from running.

0

651.297 - 655.3 Megan Basham

Piantini also expects the Trump administration to weigh in here in support of Le Pen.

0

656.078 - 681.311 Unidentified Speaker (Brief Interjection)

If we think about JD Vance's comments about Europe, particularly at the Munich Security Conference where he set the world on fire by telling them the truth, the fact is that anybody who says, oh, JD Vance is exaggerating about the state of democracy in Europe should probably think twice about that assessment. It's an exoneration of him for having criticized European democracy.

682.071 - 688.381 Megan Basham

Le Pen herself says she's a fighter and she says she is not going to allow the courts to eliminate her from this race.

688.882 - 694.331 Cabot Phillips

Very interesting that so many of these same political shifts are happening in Western countries. Megan, thanks so much for reporting.

Chapter 8: What is the reaction to Marine Le Pen's conviction in France?

694.851 - 695.212 Megan Basham

Anytime.

0

698.519 - 712.41 Cabot Phillips

Elon Musk and venture capitalist Antonio Gracias are alleging widespread abuse of the social security system. The businessman said Sunday that millions of non-citizens have been given access to benefits and many have even been allowed to vote.

0

712.931 - 721.378 Georgia Howe

Here to discuss what Musk and Gracias found is Daily Wire reporter Tim Pierce. So, Tim, these two have been digging around the Social Security Administration. What have they found?

0

722.018 - 727.803 Tim Pierce

Abuse, and a lot of it. Musk brought Gracias up on stage at a town hall on Sunday and had him explain.

0

728.593 - 751.957 Antonio Gracias

In 21, you see 270,000 people goes all the way to 2.1 million in 24. These are non-citizens that are getting social security numbers. Yeah, this is a mind-blowing chart. Yeah, just, this literally blew us away. Like, we went there to find fraud, and we found this by accident. My parents are immigrants. Yeah, this country's been great to us. I'm pro-legal immigration.

752.337 - 755.118 Antonio Gracias

This is not, this is not political. This is not political.

756.337 - 775.107 Tim Pierce

Again, that's 2.1 million non-citizens who received social security numbers last year alone, 4.8 million under four years of Biden. I should note that this isn't necessarily fraud. Non-citizens in the country under certain rules are eligible for social security numbers, but the number of non-citizens receiving them surged under Biden.

775.387 - 779.87 Tim Pierce

Gracias went on to say that many of these non-citizens are receiving max benefits from the system.

780.55 - 794.74 Antonio Gracias

The defaults in the system from Social Security to all of the benefit programs have been set to max inclusion, max pay for these people, and minimum collection. That's what's happening. We found 1.3 million of them already on Medicaid, as an example.

Comments

There are no comments yet.

Please log in to write the first comment.