China Escalates Trade War & Trump SCOTUS Victories | 4.14.25
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What recent actions has China taken in the ongoing US-China trade war?
China strikes back, cutting off shipments of rare earth minerals and magnets after Trump paused most tariffs for everyone but them.
What are the US economic leverage and White House responses to China's trade moves?
Well, the United States also has considerable and profound economic leverage over China. So China would be very wise to pursue the path of de-escalation.
How has the White House reacted, and how do Americans view the president's trade war?
I'm Daily Wire Editor-in-Chief John Bickley with Georgia Howe. It's Monday, April 14th, and this is Morning Wire. The Supreme Court weighs in on several of Trump's executive actions. How is his agenda faring and what's next on the docket?
We called on the Supreme Court to rein in these activist judges like Judge Boasberg, who was completely out of line.
And President Trump welcomes El Salvador's president to the White House today after what Trump's calling a model deal.
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President Trump will host a number of foreign leaders for trade negotiations this week as Congress prepares to pass a crucial spending package.
How are Americans reacting to President Trump's tariff policies?
Daily Wire senior editor Cabot Phillips is here to break down the high stakes week ahead in Washington. Hey, Cabot. So let's start with the latest from this trade war. What did we see over the weekend?
Yeah, two big developments on that front. First, after the president paused tariffs on every country but China, Beijing predictably responded by raising their own tariffs on U.S. goods from 84 percent to 125 percent. They went a step further Sunday, halting the export of rare earth minerals and magnets. For context, China produces upwards of 60% of the world's rare earth minerals and 90% of all rare earth magnets, which are crucial for high-tech chips, semiconductors, batteries, and car manufacturing. The White House says the fact America is so reliant on Chinese products in the first place shows just how crucial it is that we increase American manufacturing or at least form stronger trade alliances elsewhere. Stateside, President Trump made big news over the weekend, announcing that electronics like smartphones and laptops will temporarily be exempt from tariffs.
That's a major relief to tech giants like Apple, Nvidia, and Microsoft. The White House said those exemptions would be temporary. Presumably, they're sending a message to Beijing that they better make a deal before they become permanent.
So easing those tariffs for now, but using them as leverage. Exactly. So it's been a wild ride for the stock market over the last few weeks. We've documented that here. How are people responding? How have Trump's tariffs played with the American people so far?
Well, it's still early. Remember, the White House has been saying all along there will be short-term pain and that it will take time for these measures to fully pay off. But to this point, it's been a mixed bag with the public. On the negative side for Trump, a big CBS poll this weekend showed that just 42% of Americans favor tariffs compared to 58% who oppose, while his approval rating on the economy fell to 44%. Similarly, the University of Michigan's closely watched Consumer Sentiment Index fell 11% to its lowest point since the height of COVID. Americans cited the potential for rising inflation and unemployment as their biggest areas of concern. For their part, though, the White House says those concerns are being driven more by fear-mongering from the media and Democrats.
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Chapters
7 chapters
1
What recent actions has China taken in the ongoing US-China trade war?
0:03–0:10
2
What are the US economic leverage and White House responses to China's trade moves?
0:10–1:42
3
How are Americans reacting to President Trump's tariff policies?
1:42–5:24
4
What was the impact of President Trump's surprise appearance at the UFC event?
5:24–8:06
5
What Supreme Court cases are influencing the Trump administration's executive agenda?
8:06
6
What was discussed during El Salvador's president's visit to the White House?
0:50–1:04
7
What are the key promotions and offers from the sponsors featured in this episode?
1:04–14:58
Speakers
8 identifiedMore from Morning Wire
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