The Megyn Kelly Show
Trump’s Tariff Shake-Up. Newsom’s Surprising Pivot, Censure Fallout Escalates: AM Update 3/7
Fri, 7 Mar 2025
AM Update for 3/7: President Trump pauses Mexico tariffs but warns of a global trade reset. Governor Gavin Newsom breaks ranks with Democrats, calling boys in girls' sports unfair. Rep. Al Green censured after his chaotic outburst, and the fallout isn’t over. Lin-Manuel Miranda pulls "Hamilton" from the Kennedy Center in protest of Trump’s new leadership.Hungryroot: Visit https://Hungryroot.com/megynfor 40% off your first box PLUS a free item in every box for lifeXX-XY Athletics: Go to https://TheTruthFits.com and use code MK20 for 20% off!
Chapter 1: What are the key updates in Trump's tariff policy?
President Trump temporarily pausing some tariffs on Mexico, but promising the relief stops for every country come April 2nd. China publicly challenges Trump's tariff threats, but what's really happening behind the scenes?
So that's easy to call out, the unfairness of that.
Chapter 2: Why did Gavin Newsom break ranks with Democrats?
California Governor Gavin Newsom breaking ranks with Democrats, calling boys' and girls' sports unfair. Is the sudden dose of common sense a sign of larger political ambitions? Texas Congressman Al Green censured for his outburst, but that's not the end of the story. Dozens of other Democrats now at risk of losing their committee assignments.
All that and more coming up in just a moment on your AM Update. Thank you so much for joining us. Hungry Root acts as a personal shopper and nutritionist combined. It handles everything from weekly grocery shopping to meal planning, offering personalized recommendations based on individual tastes, preferences, and health goals.
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Code MK to get 40% off your first box and a free item of your choice for life. Hungryroot.com slash MK. Code MK. President Trump pausing some tariffs on Mexico until April 2nd when reciprocal tariffs kick in for everyone. All Mexican goods under the U.S.-Mexico-Canada trade agreement signed under the first Trump administration to replace NAFTA granted reprieve.
President Trump posting to Truth Social, quote, I did this as an accommodation and out of respect for President Scheinbaum. Our relationship has been a very good one, and we are working hard together on the border, both in terms of stopping illegal aliens from entering the United States and likewise stopping fentanyl. The market's continuing to slide in reaction to the back and forth actions.
President Trump reacting to the market drop from the Oval.
Well, a lot of them are globalist countries and companies that won't be doing as well because we're taking back things that have been taken from us many years ago. We've been treated very unfairly as a country. We protect everybody. We do everything for all these countries. And a lot of these are globalist in nature. You know, they have
If you're outside of the United States, it's going to be a little bit different. We just weren't treated right. We were ripped off as a country. I've been saying it for a long time.
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Chapter 3: How are Trump's tariffs affecting the economy and global relations?
Democrats highly critical of the tariffs, arguing the economic uncertainty is harming their constituents.
His tariffs on allies like Canada will raise prices on energy, lumber and cars.
Average American families can expect that these Trump tariffs are going to cost them about $2,000 annually. So considering the president ran on a platform about bringing down costs, he seems to be doing exactly the opposite.
Chapter 4: What is the political reaction to Trump's tariff decisions?
Trump started this. This is not only going to put pain and suffering for Canadian families. It's also going to be for Minnesota families and families all across the United States.
Public support for tariffs falling along party lines. An Economist YouGov poll showing 68% of Republicans support a 25% tariff on Mexico versus only 11% of Democrats. On CNBC, Commerce Secretary Howard Lutnick pressed about the seemingly chaotic thinking of the White House. First, the tariffs were announced, then paused, then implemented, now paused again in some capacity.
Are you unsure of what President Trump wants? I speak to him all the time. You've got to be kidding me. The president knows exactly what he wants. We know exactly what he wants. And our job is to try to execute exactly what he wants.
You communicated fully with your counterparts in Mexico and Canada, for example, exactly what the president wants, I assume.
Like yesterday and the day before yesterday. Of course. Like, come on.
Mr. Lutnick telling NBC this month it's all about fentanyl. But beginning April 2nd, attention turns to busting down trade barriers throughout the world, especially with China. At the Economic Club of New York, Treasury Secretary Scott Besson laying out the fuller strategy with President Trump's upcoming tariff wars.
I know it's what President Trump believes. He believes three things. One, It is a good source of revenues. Two, it protects our important industries and the employees. And three, he's added a third leg to the stool and he uses it for negotiating.
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Chapter 5: How does the U.S. plan to address trade barriers with China?
The popular argument against the Trump tariffs, even from right-wing economists, is there are attacks on American consumers and increased costs on American businesses. Economist Vance Ginn, who worked in the OMB in the first Trump administration, said, writing in the Courier-Journal, quote, a trade deficit is not a sign of economic weakness.
It reflects strong capital inflows and consumer purchasing power. Trying to fix it with tariffs only distorts markets and raises costs. President Trump argues that global free trade doesn't really exist because countries like China with authoritarian governments don't play fair. More from Secretary Besson.
We can accumulate all of the strategic mineral deposits that we need, but China still does 85% of the processing. And every time a private sector company tries to stand up a processing facility outside of China, China drops their prices and puts them out of business. There are several in the United States that are just sitting idle because the Chinese saw what was happening and dropped it.
And that's unacceptable.
The U.S. is the largest importer in the world, purchasing $4.1 trillion worth of goods and services last year from everywhere else. Mr. Trump believes the U.S. can leverage that massive purchasing power to force other countries to bend to his will. Americans have a lot of money to spend. If you want access to this market, you either deal with a tariff or build your factory here.
Secretary Lutnick spells it out on CNBC.
If you want to buy things from other countries and you want to bring it into America, then the price is going to rise. But if you make it here, then of course the price won't rise. So make it here. Apple builds it all in China. Why are they building it all in China and giving us our iPhone? Why don't they make it here? Wages are lower over there. And now there are robots who can do it.
You're going to see robotic production of iPhones and the jobs that are going to be created. These are great, high-paying jobs, and you don't need a college education to do it. This is the recreation of tradecraft in the United States of America. And Donald Trump is on it. He's bringing it back.
Publicly, the Chinese are responding to tariff threats with bravado. A Chinese foreign ministry spokesman saying late Tuesday, if war is what the U.S. wants, be it a tariff war, a trade war, or any other type of war, we're ready to fight to the end. The Wall Street Journal reporting behind the scenes, China's worried they can't win a trade war.
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