The Megyn Kelly Show - 20250307_trumps-tariff-shake-up-newsoms-surprising-pivot-ce
Aired: 2025-03-07
Duration: 15:05


=== Tariffs, Sports, and Party Lines (12:36) ===

[00:00:02]  Good morning, everyone.
[00:00:03]  I'm Megan Kelly.
[00:00:04]  It's Friday, March 7th, 2025, and this is your AM update.
[00:00:09]  We just weren't treated right.
[00:00:10]  We were ripped off as a country.
[00:00:12]  I've been saying it for a long time.
[00:00:14]  President Trump temporarily pausing some tariffs on Mexico, but promising the relief stops for every country come April 2nd.
[00:00:21]  China publicly challenges Trump's tariff threats, but what's really happening behind the scenes?
[00:00:26]  So that's easy to call out the unfairness of that.
[00:00:29]  California Governor Gavin Newsom breaking ranks with Democrats, calling boys and girls' sports unfair.
[00:00:35]  Is the sudden dose of common sense a sign of larger political ambitions?
[00:00:39]  Texas Congressman Al Green censured for his outburst, but that's not the end of the story.
[00:00:45]  Dozens of other Democrats now at risk of losing their committee assignments.
[00:00:49]  All that and more coming up in just a moment on your AM update.
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[00:01:59]  President Trump pausing some tariffs on Mexico until April 2nd, when reciprocal tariffs kick in for everyone.
[00:02:06]  All Mexican goods under the U.S.-Mexico-Canada trade agreement signed under the first Trump administration to replace NAFTA granted reprieve.
[00:02:15]  President Trump posting to Truth Social, quote, I did this as an accommodation and out of respect for President Scheinbaum.
[00:02:22]  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.
[00:02:33]  The markets continuing to slide in reaction to the back and forth actions.
[00:02:37]  President Trump reacting to the market drop from the Oval.
[00:02:40]  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.
[00:02:51]  We've been treated very unfairly as a country.
[00:02:54]  We protect everybody.
[00:02:56]  We do everything for all these countries.
[00:02:58]  And a lot of these are globalist in nature.
[00:03:01]  You know, they have, if you're outside of the United States, it's going to be a little bit different.
[00:03:06]  We just weren't treated right.
[00:03:07]  We were ripped off as a country.
[00:03:09]  I've been saying it for a long time.
[00:03:11]  Democrats highly critical of the tariffs, arguing the economic uncertainty is harming their constituents.
[00:03:17]  His tariffs on allies like Canada will raise prices on energy, lumber, and cars.
[00:03:22]  Average American families can expect that these Trump tariffs are going to cost them about $2,000 annually.
[00:03:29]  So considering President Rand on a platform of bringing down costs, he seems to be doing exactly the opposite.
[00:03:35]  Trump started this.
[00:03:36]  This is not only going to put pain and suffering for Canadian families.
[00:03:41]  It's also going to be for Minnesota families and families all across the United States.
[00:03:45]  Public support for tariffs falling along party lines.
[00:03:48]  An economist YouGov poll showing 68% of Republicans support a 25% tariff on Mexico versus only 11% of Democrats.
[00:03:58]  On CNBC, Commerce Secretary Howard Luttnick pressed about the seemingly chaotic thinking of the White House.
[00:04:04]  First, the tariffs were announced, then paused, then implemented, now paused again in some capacity.
[00:04:10]  Are you unsure of what President Trump wants?
[00:04:13]  I speak to him all the time.
[00:04:15]  You've got to be kidding me.
[00:04:16]  The president knows exactly what he wants.
[00:04:18]  We know exactly what he wants.
[00:04:20]  And our job is to try to execute exactly what he wants.
[00:04:23]  You communicated fully with your counterparts in Mexico and Canada, for example.
[00:04:27]  Exactly what the president wants, I assume.
[00:04:30]  Like yesterday and the day before yesterday.
[00:04:33]  Of course.
[00:04:34]  Like, come on.
[00:04:35]  Mr. Luttnick telling NBC this month it's all about fentanyl.
[00:04:39]  But beginning April 2nd, attention turns to busting down trade barriers throughout the world, especially with China.
[00:04:46]  At the Economic Club of New York, Treasury Secretary Scott Besson laying out the Fuller strategy with President Trump's upcoming tariff wars.
[00:04:54]  I know it's what President Trump believes.
[00:04:57]  He believes three things.
[00:04:58]  One, it is a good source of revenues.
[00:05:02]  Two, it protects our important industries and the employees.
[00:05:06]  And three, he's added a third leg to the stool and he uses it for negotiating.
[00:05:11]  The popular argument against the Trump tariffs, even from right-wing economists, is their attacks on American consumers and increased costs on American businesses.
[00:05:21]  Economist Vance Ginn, who worked in the OMB in the first Trump administration, writing in the Courier Journal, quote, a trade deficit is not a sign of economic weakness.
[00:05:31]  It reflects strong capital inflows and consumer purchasing power.
[00:05:35]  Trying to fix it with tariffs only distorts markets and raises costs.
[00:05:40]  President Trump argues that global free trade doesn't really exist because countries like China with authoritarian governments don't play fair.
[00:05:49]  More from Secretary Besson.
[00:05:51]  We can accumulate all of the strategic mineral deposits that we need, but China still processes 85%, does 85% of the processing.
[00:06:01]  And every time a plant, 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.
[00:06:15]  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.
[00:06:25]  The U.S. is the largest importer in the world, purchasing 4.1 trillion worth of goods and services last year from everywhere else.
[00:06:33]  Mr. Trump believes the U.S. can leverage that massive purchasing power to force other countries to bend to his will.
[00:06:40]  Americans have a lot of money to spend.
[00:06:42]  If you want access to this market, you either deal with a tariff or build your factory here.
[00:06:47]  Secretary Luttnick spells it out on CNBC.
[00:06:50]  If you want to buy things from other countries and you want to bring it into America, then the price is going to rise.
[00:06:57]  But if you make it here, then of course the price won't rise.
[00:07:02]  So make it here.
[00:07:03]  It's an Apple who builds it all in China.
[00:07:06]  Why are they building it all in China and giving us our iPhone?
[00:07:09]  Why don't they make it here?
[00:07:10]  Wages are lower over there.
[00:07:13]  And now there are robots who can do it.
[00:07:15]  You're going to see robotic production of iPhones and the jobs that are going to be created.
[00:07:22]  These are great, high-paying jobs, and you don't need a college education to do it.
[00:07:27]  This is the recreation of tradecraft in the United States of America.
[00:07:32]  And Donald Trump is on it.
[00:07:34]  He's bringing it back.
[00:07:35]  Publicly, the Chinese are responding to tariff threats with bravado.
[00:07:39]  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.
[00:07:50]  The Wall Street Journal reporting behind the scenes, China's worried they can't win a trade war.
[00:07:56]  The journal writing, quote, the vision haunting Xi is one where China finds itself cut off by trade restrictions and sanctions, suffering Soviet-style isolation with fewer outlets for its goods and limited access to crucial technologies.
[00:08:11]  China's economy depends on U.S. demand.
[00:08:13]  Last year, the U.S. imported $439 billion worth of goods from China, one of their top sources of revenue.
[00:08:20]  Losing that access would not just hurt, it could destabilize China's economic foundation, and that's what President Trump is gambling on.
[00:08:29]  Coming up, California Governor Gavin Newsom bucks his party and actually agrees that biological males playing against girls in sports is unfair.
[00:08:39]  What?
[00:08:40]  What's behind this sudden dose of common sense?
[00:08:42]  And the censure of Texas Congressman Al Green may only be the start of the fallout resulting from his outburst at President Trump's joint address.
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[00:09:51]  California Governor Gavin Newsom breaking ranks with fellow Democrats on the debate over transgender participation in sports.
[00:09:58]  The governor joined by conservative Turning Point USA founder Charlie Kirk in the first episode of his new podcast, weighing in on the issue.
[00:10:05]  Would you do something like that?
[00:10:07]  Would you say no men in female sports?
[00:10:08]  Well, I think it's an issue of fairness.
[00:10:10]  I completely agree with you on that.
[00:10:11]  So that's easy to call out the unfairness of that.
[00:10:14]  The governor's policies when it comes to so-called trans children have been downright radical.
[00:10:19]  Last week, every single Senate Democrat voted against advancing the Protection of Women and Girls in Sports Act, a bill banning men's participation in women's sports.
[00:10:29]  A January New York Times poll shows 70% of Democrats are against allowing biological males into women's leagues.
[00:10:37]  House Minority Leader Hakeem Jeffries, who also voted against the bill, stumbled in his response to Governor Newsom's new stance.
[00:10:45]  I want to ask about California Governor Gavin Newsom's comments saying that Democrats were in the wrong for allowing transgender athletes to compete in female and girls sports.
[00:10:56]  What is your response to that after Democrats had opposed the women and girls women's sports?
[00:11:00]  I haven't seen his comments.
[00:11:05]  What Democrats opposed was unleashing sexual predators on girls throughout the United States of America.
[00:11:16]  Reaction from Governor Newsom's fellow Democrats ranging from anger to disappointment.
[00:11:20]  A joint statement from the leaders of the California Assembly and State Senate LGBTQ caucus saying, quote, we woke up profoundly sickened and frustrated by these remarks.
[00:11:30]  It's not the first time in recent weeks the governor rejected far-left policies.
[00:11:34]  In February, Mr. Newsom vowed to veto a bill banning California prisons from cooperating with ICE.
[00:11:40]  The moderate pivot, leaving many suspicious that Governor Newsom is eyeing a title bump come 2028.
[00:11:51]  Democrat Congressman from Texas Al Green officially censured by the House of Representatives for his outburst during President Trump's joint address.
[00:11:59]  10 Democrats joining with Republicans to reprimand the congressman in a final vote of 224 to 198.
[00:12:08]  Just 10 Democrats.
[00:12:10]  Once the censure resolution is passed, the offending party is to stand before the chamber while the resolution is read.
[00:12:17]  A group of several dozen Dems staging a protest of their own.
[00:12:22]  Representative Al Green, be censured with public reading of this resolution by the Speaker.

=== Censure Resolution for Al Green (02:26) ===

[00:12:39]  The House had come to order.
[00:12:40]  The House had come to order.
[00:12:42]  That cacophony drowning out Speaker Johnson, an attempt at singing the civil rights anthem, We Shall Overcome.
[00:12:50]  Congressman Green standing front and center, waving his cane like a conductor.
[00:12:54]  Speaker Johnson banging the gavel multiple times, eventually forced to call a recess.
[00:12:59]  In response, Republican Congressman from Tennessee, Andy Ogles, filing a resolution to remove participating Democrats from their committee assignments.
[00:13:07]  Mr. Ogles posting on X, quote, if you want to act like a child in the halls of Congress, you will be treated like a child.
[00:13:14]  The House Freedom Caucus filing a similar resolution against Congressman Green, seeking to oust him from his committee assignments as well.
[00:13:22]  A vote on that is expected next week.
[00:13:24]  The speaker has not yet commented.
[00:13:29]  Liberal darling Lynn-Manuel Miranda pulling musical Hamilton from its upcoming run at the Kennedy Center.
[00:13:36]  The move comes in response to President Trump's dismissal of the entire board and his naming of staunch ally Rick Grinnell as its interim executive director.
[00:13:44]  Mr. Grinnell tasked with ensuring the Kennedy Center promotes values aligning with the America First vision.
[00:13:50]  Mr. Miranda, along with lead producer Jeffrey Seller, telling the New York Times the show must not go on.
[00:13:57]  Mr. Seller stating, quote, it became untenable for us to participate in an organization that had become so deeply politicized.
[00:14:05]  The Kennedy Center opening in 1971 to serve as the national cultural center of the U.S. In 2024, there were at least three drag events hosted in the space.
[00:14:16]  In 2019, the center named Mark Bamuthi Joseph, Vice President and Artistic Director of Social Impact.
[00:14:24]  In 2017, prior to that appointment, the Kennedy Center commissioned Mr. Joseph to write the play Pelota.
[00:14:30]  The Boston Globe called that show, quote, a poetic and impassioned meditation on race, on racism, and on the experience of immigration.
[00:14:39]  Rick Grinnell responding to Lynn Manuel Miranda on X, quote, This is a publicity stunt that will backfire.
[00:14:45]  It's clear he and Seller don't want Republicans going to their shows.
[00:14:50]  Americans see you, Lynn.
[00:14:54]  And that'll do it for your AM update.
[00:14:56]  I'm Megan Kelly.
[00:14:57]  Join me back here for the Megan Kelly Show live on SiriusXM Triumph Channel 111 at Noon East, on youtube.com/slash Megan Kelly, and on all