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Cabot Phillips

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7448 total appearances
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Morning Wire
Budget Hawks Rejoice & Trump Cancels “Pride Month” | 6.5.25

Exactly. Now, some folks might not see a problem with these researchers bringing in a fungus. But given Beijing's recent history, you can see why the DOJ is not messing around. It's also part of why the State Department is moving to revoke the visas of Chinese students with ties to the Communist Party.

Morning Wire
Budget Hawks Rejoice & Trump Cancels “Pride Month” | 6.5.25

Exactly. Now, some folks might not see a problem with these researchers bringing in a fungus. But given Beijing's recent history, you can see why the DOJ is not messing around. It's also part of why the State Department is moving to revoke the visas of Chinese students with ties to the Communist Party.

Morning Wire
Budget Hawks Rejoice & Trump Cancels “Pride Month” | 6.5.25

The administration says it's simply foolish to open up our labs and other facilities to researchers who will turn around and hand it back to Beijing. Keep in mind, while nearly 300,000 Chinese students are currently enrolled at American universities, fewer than 1,000 American students are enrolled at Chinese universities.

Morning Wire
Budget Hawks Rejoice & Trump Cancels “Pride Month” | 6.5.25

The administration says it's simply foolish to open up our labs and other facilities to researchers who will turn around and hand it back to Beijing. Keep in mind, while nearly 300,000 Chinese students are currently enrolled at American universities, fewer than 1,000 American students are enrolled at Chinese universities.

Morning Wire
Budget Hawks Rejoice & Trump Cancels “Pride Month” | 6.5.25

A big reason is that Beijing is highly restrictive when it comes to student visas for Americans. Trump administration says that discrepancy should tell you all you need to know.

Morning Wire
Budget Hawks Rejoice & Trump Cancels “Pride Month” | 6.5.25

A big reason is that Beijing is highly restrictive when it comes to student visas for Americans. Trump administration says that discrepancy should tell you all you need to know.

Morning Wire
Defense Summit Drama & Trump’s Steel Revival | 6.2.25

So for context, back in 2023, Japan's Nippon Steel offered $15 billion to acquire U.S. Steel. That's the second largest steel producer here in America. The company's board and shareholders approved the deal, but President Biden in January blocked the acquisition, saying it was critical to national security to ensure that America maintains ownership of U.S. steel.

Morning Wire
Defense Summit Drama & Trump’s Steel Revival | 6.2.25

So for context, back in 2023, Japan's Nippon Steel offered $15 billion to acquire U.S. Steel. That's the second largest steel producer here in America. The company's board and shareholders approved the deal, but President Biden in January blocked the acquisition, saying it was critical to national security to ensure that America maintains ownership of U.S. steel.

Morning Wire
Defense Summit Drama & Trump’s Steel Revival | 6.2.25

So the deal seemed dead in the water. But over the weekend, President Trump announced that after long negotiations, Nippon had agreed to a merger that would preserve American ownership of U.S. Steel. Specifically, moving forward, the majority of the company's board must be American citizens, while C-suite employees, including the CEO, must be American as well. And the U.S.

Morning Wire
Defense Summit Drama & Trump’s Steel Revival | 6.2.25

So the deal seemed dead in the water. But over the weekend, President Trump announced that after long negotiations, Nippon had agreed to a merger that would preserve American ownership of U.S. Steel. Specifically, moving forward, the majority of the company's board must be American citizens, while C-suite employees, including the CEO, must be American as well. And the U.S.

Morning Wire
Defense Summit Drama & Trump’s Steel Revival | 6.2.25

government itself will still hold a golden share, as they're calling it, giving them veto power over key decisions for U.S. Steel. Here's President Trump making that announcement in Pennsylvania this weekend.

Morning Wire
Defense Summit Drama & Trump’s Steel Revival | 6.2.25

government itself will still hold a golden share, as they're calling it, giving them veto power over key decisions for U.S. Steel. Here's President Trump making that announcement in Pennsylvania this weekend.

Morning Wire
Defense Summit Drama & Trump’s Steel Revival | 6.2.25

As part of the agreement, Nippon will now invest $14-plus billion into new steel facilities in Indiana, Arkansas, Minnesota, and Alabama. Some estimates say the deal could result in 150,000 new jobs for Americans. Wow. And according to Trump, every U.S. steel employee will also receive a $5,000 bonus.

Morning Wire
Defense Summit Drama & Trump’s Steel Revival | 6.2.25

As part of the agreement, Nippon will now invest $14-plus billion into new steel facilities in Indiana, Arkansas, Minnesota, and Alabama. Some estimates say the deal could result in 150,000 new jobs for Americans. Wow. And according to Trump, every U.S. steel employee will also receive a $5,000 bonus.

Morning Wire
Defense Summit Drama & Trump’s Steel Revival | 6.2.25

As part of his effort to protect American steel manufacturing more broadly, Trump also announced that he would be doubling the tariff on foreign steel imports from 25% to 50%, a move that was, as you can imagine, very popular with the steel workers he spoke to in Pennsylvania.

Morning Wire
Defense Summit Drama & Trump’s Steel Revival | 6.2.25

As part of his effort to protect American steel manufacturing more broadly, Trump also announced that he would be doubling the tariff on foreign steel imports from 25% to 50%, a move that was, as you can imagine, very popular with the steel workers he spoke to in Pennsylvania.

Morning Wire
Defense Summit Drama & Trump’s Steel Revival | 6.2.25

Yeah, this time last month, amid tariff uncertainty and fears of a recession, President Trump's numbers were on the decline. falling on average to 45% approval and 52% disapproval. So he was seven points underwater. But following this flurry of trade deals we've seen and encouraging jobs and inflation reports, he is gaining ground fast.

Morning Wire
Defense Summit Drama & Trump’s Steel Revival | 6.2.25

Yeah, this time last month, amid tariff uncertainty and fears of a recession, President Trump's numbers were on the decline. falling on average to 45% approval and 52% disapproval. So he was seven points underwater. But following this flurry of trade deals we've seen and encouraging jobs and inflation reports, he is gaining ground fast.

Morning Wire
Defense Summit Drama & Trump’s Steel Revival | 6.2.25

He's now less than two points underwater with a 48% average approval rating. That's higher than at any point in his entire first term. Remember, when Trump left office last term, he was more than 20 points underwater. So a remarkable turnaround. Perhaps more importantly, nearly 44% of Americans now say the country is on the right track.

Morning Wire
Defense Summit Drama & Trump’s Steel Revival | 6.2.25

He's now less than two points underwater with a 48% average approval rating. That's higher than at any point in his entire first term. Remember, when Trump left office last term, he was more than 20 points underwater. So a remarkable turnaround. Perhaps more importantly, nearly 44% of Americans now say the country is on the right track.