The Trump administration continues to pull back from Ukraine, Trump’s tariffs on Canada and Mexico take effect, and the President goes all in on crypto. Get the facts first with Morning Wire.Fabric Life Insurance: Join the thousands of parents who trust Fabric to help protect their family. Start investing in your child today at https://meetfabric.com/WIRENetSuite: Download the CFO's Guide to AI and Machine Learning for FREE at https://NetSuite.com/MORNINGWIRE
Chapter 1: How is the Trump administration changing its stance on Ukraine?
The Trump administration continues to withdraw from Ukraine following the heated Oval Office exchange with President Zelensky.
They want money and they want conflict, even if it means walking us into the brink of World War III, which, frankly, it is doing.
Will the president restart negotiations? And what can we expect from his congressional address tonight?
Chapter 2: What are the implications of Trump's tariffs on Canada and Mexico?
I'm Georgia Howe with Daily Wire Editor-in-Chief John Bickley. It's Tuesday, March 4th, and this is Morning Wire. Trump's 25% tariffs on Canada and Mexico go into effect today. What kind of changes have we already seen as a result?
What they have to do is build their car plants, frankly, and other things in the United States, in which case they have no tariffs.
Chapter 3: What is the impact of Trump's new crypto reserve announcement?
And Trump announces the creation of a crypto reserve. How are the markets responding?
Thanks for waking up with Morning Wire. Stay tuned. We have the news you need to know.
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As Donald Trump prepares for his highly anticipated joint address to Congress this evening, the fallout continues from his contentious meeting with Vladimir Zelensky last week.
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Chapter 4: Why is Trump pausing military aid to Ukraine?
Daily Wire senior editor Cabot Phillips is here to preview the address. But first, let's talk about Ukraine. There's been a lot of developments since that White House sit down on Friday.
Right. Coming into Friday's meeting, basically everyone believed the U.S. and Ukraine would sign that minerals deal. And the stage would be set for a ceasefire and formal negotiations with Moscow. But after that disastrous event at the White House, everything has changed.
Zelensky was in London late Sunday night seeking financial support from Prime Minister Keir Starmer and told reporters that he peace deal with Russia is, quote, still very, very far away. And no one has started all these steps yet. That just outraged Trump, who has said there could be a peace deal right now if Zelensky were willing.
Here he is elaborating on that sentiment during a press conference Monday.
President Zelensky supposedly made a statement today in AP. I'm not a big fan of AP, so maybe it was an incorrect statement. But he said he thinks the war is going to go on for a long time. And he better not be right about that. That's all I'm saying.
Trump went on to discuss his shifting relationship with Zelensky.
I just think you should be more appreciative because this country has stuck with them through thick and thin. We've given them much more than Europe. The money is one thing, but they're losing thousands of soldiers a week. And I want to see it stop.
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Chapter 5: How are European leaders reacting to Trump's Ukraine policy?
Well, and now Trump is taking concrete steps to pull back from Ukraine. What exactly does that look like?
Right. On Monday night, we learned that President Trump would be pausing all military aid to Ukraine. That pause will apply to all weapons, ammunition and other equipment not already inside Ukraine's borders. A White House official told The Daily Wire, quote, President Trump has been clear that he is focused on peace. We need our partners to be committed to that goal as well.
We are pausing and reviewing our aid to ensure that it is contributing to a solution. According to European officials, without any new weapons from the U.S., Ukraine would, at its current pace, have enough resources to last until this summer. So this could be a means of Trump attempting to force Zelensky to the negotiating table.
For context, here's Trump National Security Advisor Mike Waltz on Fox ahead of that decision being made public.
He's not ready to talk peace at all. But here's the problem. Time is not on his side. Time is not on the side of just forever continuing this conflict. The American people's patience is not unlimited. Their wallets are not unlimited. And our stockpiles and munitions are not unlimited.
Now, as you talked about yesterday, in the fallout of Friday's meeting, European leaders rallied around Ukraine, taking open shots at the U.S., accusing Trump of siding with Putin and abandoning democracy. For their part, White House officials were quick to point out that the European Union actually gave more money to Russia last year than to Ukraine.
The EU purchased $23 billion worth of Russian oil and gas in 2024 compared to the $19 billion in military and financial aid to Ukraine. So they're essentially calling the Europeans hypocrites. And it's worth noting that here stateside, the American public does seem to back Trump's approach to ending the war.
According to a new CBS poll, Trump has a net approval rating of plus two on Russia-Ukraine. When President Biden left office, he was at negative 22%.
Well, and all of this comes as the president gears up for his joint address to Congress this evening. What are we expecting to see?
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Chapter 6: What can we expect from Trump's upcoming congressional address?
Trump vowed to secure the border on the campaign trail. He's clearly doing just that. A stunning turnaround. We'll certainly hear about that when he takes the podium this evening.
And it's going to be streaming live on Daily Wire at 9 p.m. Eastern. And of course, we're going to have a full report Wednesday morning. Cabot, thanks for reporting.
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New tariffs on the United States' largest trading partners go into effect this morning as President Trump tries to leverage America's economic might to score wins on drugs and immigration.
Daily Wire reporter Tim Pierce is here to talk about how the new tariffs could impact Americans. Hey, Tim. So Canada and Mexico were able to negotiate a pause to these tariffs the first time around, but not again. What was the White House's message yesterday?
So President Trump delayed the tariffs last month. And leading up to the second deadline, there was a lot of confusion about what these tariffs would look like. Would an agreement be reached to avoid the tariffs? Would Trump delay again? Would he go halfway? None of those scenarios played out. Here was Trump yesterday.
Very importantly, tomorrow tariffs 25% on Canada and 25% on Mexico.
The blanket tariff is now in place, except for Canadian energy, and this is going to have some major economic effects on North America, especially as Canada and Mexico implement their own retaliatory tariffs. Many companies have already shifted supply lines and factories to avoid the brunt of the costs. Of course, onshoring this manufacturing is one of the goals of putting these tariffs in place.
I should note that Trump also levied this morning an additional 10% tariff on Chinese goods to the United States. That falls on top of the 10% tariff Trump applied on China last month.
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