The stock market jumps on rumors that President Trump is ready to go weapons down in his trade war with China; with Republicans dominating the headlines, desperate Democrats go “Dark Woke”; negotiations over the Ukraine-Russia war percolate; and tomorrow we release a new interview with President of Ukraine, Volodymr Zelensky. Click here to join the member-exclusive portion of my show: https://bit.ly/3WDjgHE Ep.2184 - - - Facts Don’t Care About Your Feelings - - - DailyWire+: We’re leading the charge again and launching a full-scale push for justice. Go to https://PardonDerek.com right now and sign the petition. Now is the time to join the fight. Watch the hit movies, documentaries, and series reshaping our culture. Go to https://dailywire.com/subscribe today. Get your Ben Shapiro merch here: https://bit.ly/3TAu2cw - - - Today's Sponsors: Perplexity is an AI-powered answer engine that searches the internet to deliver fast, unbiased, high-quality answers, with sources and in-line citations. Ask Perplexity anything here: https://pplx.ai/benshapiro ExpressVPN - Go to https://expressvpn.com/ben and find out how you can get 4 months of ExpressVPN free! Birch Gold - Text BEN to 989898 for your free information kit. Fitbod - Get 25% off your subscription or try the app FREE for seven days at https://Fitbod.me/SHAPIRO IFCJ - Bring comfort and relief to Israel and her people by donating at https://BenForTheFellowship.org - - - Socials: Follow on Twitter: https://bit.ly/3cXUn53 Follow on Instagram: https://bit.ly/3QtuibJ Follow on Facebook: https://bit.ly/3TTirqd Subscribe on YouTube: https://bit.ly/3RPyBiB
Chapter 1: What are the recent developments in the trade war?
Folks, tons of news to get to today. Obviously, the stock market has been jumping. It's been jumping because President Trump seems to be backing off of some of his actual trade war. We'll get to that in a moment. First, your reminder that the reason you are here at Daily Wire is because you want the facts. That's what we bring you. This is why the Daily Wire exists.
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So the big international news of the day is that the talks that were supposed to be held in London beginning today between Ukraine, the EU, and the United States have basically been downgraded. The Secretary of State, Marco Rubio, was supposed to attend. So was Steve Witkoff.
They were all going to talk together about a proposal they were then going to go to the Russians with to finally bring a ceasefire to the Russia-Ukraine war that's been ongoing since February of 2022. At the last minute, Secretary of State Rubio canceled his trip. That prompted other leaders, secretaries of state from Britain, France, Germany to then pull out as well.
Those would be the foreign ministers of those particular states. All of this is coming amidst heavy pressure from the Trump administration to come to some sort of deal. President Trump had warned last week that Washington, D.C. could walk away from the talks completely if there was no progress on a deal that was also reiterated by Vice President Vance yesterday.
He said, quote, it's time for them to either say yes or for the United States to walk away from this process. Well, for the Russians, that's actually fairly good news, because obviously, if the United States were to walk away from the process entirely. a crucial base of support for Ukrainian materiel would go away.
So Vladimir Putin does not have tons of incentive to come to the table at this point. The offer that President Trump's team is putting forth right now is an offer that is very rich for Vladimir Putin. It's an offer that does not put a lot of restrictions on the Russians. It frees them of legitimately all economic sanctions.
And in return, they basically stop the war where it currently stands, which means that they are able to de facto claim
entire eastern flank of ukraine they're able to in law like de jure recognize crimea as part of russia and not just that there'd be a ban on ukraine from seeking membership of nato which is very difficult for ukraine to accept because it's actually literally a part of their constitution they're supposed to seek membership in nato it's also part of their constitution that they're not supposed to just give away land even if that land is currently being occupied by the russians
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Chapter 2: How are negotiations between Ukraine and Russia progressing?
If you have no intention of firing Jerome Powell, because here, I think I'm surprised that Kevin Hassett, a few days ago, said that you and people in the White House were studying this idea of possibly being able to force Trump out. Do you have any plans on doing that?
None whatsoever. Never did. The press runs away with things now. I have no intention of firing him. I would like to see him be a little more active in terms of his idea to lower interest rates. This is a perfect time to lower interest rates. If he doesn't, is it the end? No, it's not. But it would be good timing. It could have taken place earlier. But no, I have no intention to fire him.
Okay, so that made the markets feel a lot better. And then the thing that really made the markets feel better is there was a story that broke from CNBC about Treasury Secretary Scott Besson. Apparently, he had a closed-door meeting on Tuesday, and he told investors there will be a de-escalation. It's a direct quote.
There will be a de-escalation in the Trump trade war with China in the, quote, very near future. Besson said, no one thinks the current status quo is sustainable with tariff rates at their current levels. This is a private investor summit in Washington, D.C. hosted by JPMorgan Chase.
And then he said that he believed that the prospect of de-escalation between the economic superpowers, quote, should give the world the markets a sigh of relief. Besson insisted that despite the U.S. ratcheting up tariffs on Chinese imports to 145% and then China retaliating with 125% duties, the goal of Trump's policy is not, in fact, to decouple.
He said that negotiating with China will be a slog, but the goal is not to sort of separate off. So the markets, because they do not believe that the tariff policy laid out by the president and the administration are actually well thought out or well calibrated, responded really aggressively. The markets jumped out a thousand points yesterday. They've been climbing all day today.
Well, President Trump himself then said the same thing yesterday. He said tariffs on China are going to come down substantially.
145% is very high and it won't be that high. It's not going to be that high. It got up to there. We were talking about fentanyl where, you know, various elements built it up to 145. No, it won't be anywhere near that high. It'll come down substantially, but it won't be zero.
We'll get to more on this in just a moment. First, the internet of the 90s promised a democratic virtual world where individuals, not governments or corporations held power. Today, That vision seems distant. Big tech dominates our digital lives with companies not just serving ads, but potentially influencing our political choices through controlled content delivery.
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Chapter 7: What are the potential consequences of the U.S. walking away from negotiations?
What this really is, there are a lot of people who work at the State Department who are very much associated with sort of the John Kerry foreign policy. And Marco Rubio is going through there with a chainsaw. The plans to reorganize the leading foreign policy agency in the United States are outlined in internal documents obtained by the Free Press.
They show how the State Department will eliminate or restructure hundreds of offices in Washington, D.C. The State Department is bringing its number of offices down from 734 to 602. Separately, undersecretaries at the State Department are also being instructed within 30 days to present plans to reduce their U.S.
personnel in individual departments by 15%, according to a senior State Department official. These include six top offices employing thousands of people, The reorganization comes as the Trump administration seeks to drastically reduce the size and scope of the federal government.
Secretary of State Rubio said, quote, in its current form, the department is bloated, bureaucratic, unable to perform a central diplomatic mission in the new era of great power competition. That is why I'm announcing a comprehensive reorganization plan that will bring the department into the 21st century.
And again, all of this is very much in line with traditional Republican thinking on foreign policy. So Mike Pompeo, who for some unspecified reason became persona non grata inside the Trump administration 2.0, despite the fact that he was a highly successful secretary of state in Trump administration 1.0. He said the State Department is desperately in need of significant reorganization.
There's much efficiency that can be gained there. So these planning documents are mostly about cutting jobs in Washington, D.C., Not cutting jobs sort of all over the world in places that the State Department is particularly necessary. The rest of the Trump administration is following suit. The EPA is also making similar moves.
According to the Washington Post, the Environmental Protection Agency has informed more than 450 employees working on environmental justice and diversity, equity and inclusion. They will also be fired or reassigned, according to an agency spokesperson.
So the EPA, led by Administrator Lee Zeldin, making very similar moves to what's happening over at state, what's happening over at defense, what's been happening the rest of the Trump administration. Finding the employees who do not belong and then getting rid of them, which is what should have happened long ago inside the federal government.
EPA Assistant Deputy Administrator Travis Voiles sent notices late Monday to staffers at agency headquarters who work in the Office of Environmental Justice and External Civil Rights, which the administration plans to close. The reduction in force would cut 280 employees and reassign about 175 employees to other offices, according to the spokesman. Again, why precisely?
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