Tariff Time & Marine Le Pen Convicted in France | 4.1.25

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What are the implications of Trump's tariffs?

Georgia Howe 0:03
President Trump's tariffs go into effect at midnight tonight as foreign leaders and state governors scramble to negotiate last-minute deals.
Unidentified Speaker (Brief Interjection) 0:11
President Trump doesn't want American industries to survive. He wants them to thrive. And that's exactly what his tariff and trade policy is going to do.
Cabot Phillips 0:21
How do voters feel about the new economic order?
Georgia Howe 0:24
I'm Georgia Howe with Daily Wire Editor-in-Chief John Bickley. It's Tuesday, April 1st, and this is Morning Wire. Populist leader Marine Le Pen is barred from running for office in France after being found guilty of embezzlement.

Who is Marine Le Pen and why was she convicted?

Unidentified Speaker (Brief Interjection) 0:42
If this stands, I think you can't argue that democracy is alive in France.

How is Elon Musk involved in Social Security issues?

Cabot Phillips 0:49
And Elon Musk uncovers millions of non-citizens on the Social Security rolls, including thousands who allegedly voted.
Elon Musk 0:56
If you create a massive financial incentive for people to come to the United States illegally, then that's what they will do. The thing that actually has the Democrats losing their mind is that we're going to turn off the payments to illegals.
Georgia Howe 1:10
Thanks for waking up with Morning Wire. Stay tuned. We have the news you need to know.
Unidentified Speaker (Brief Interjection) 1:18
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Cabot Phillips 1:52
Just hours out from Donald Trump's Liberation Day, consumers, corporations, and international trading partners are preparing for a slew of new tariffs that could reshape the global economy.

Why is Trump's tariff strategy controversial?

Georgia Howe 2:03
Daily Wire senior editor Cabot Phillips is here with more on the economic ramifications heading into this crucial deadline. So Cabot, all eyes on the White House as we wait for the final details of Trump's tariffs. What's the latest?
Cabot Phillips 2:17
Well, if there's anything we've learned from Trump, it's that he is full of surprises. And that is certainly the case here. For weeks now, the president has floated a variety of ideas on tariffs, sometimes saying he would match the rates set by other countries, then floating the idea of a universal 20% rate, and then saying that he could be, quote, much more generous with our trading partners. So to put it simply, we are in the dark on what exactly this Liberation Day will look like. And that sort of plays into Trump's strategy on these things.
Georgia Howe 2:48
So what is the strategy there? Why is he waiting to unveil the full plan?
Cabot Phillips 2:52
Well, by waiting until the last minute, he leaves the door open for more negotiating. On Friday, for example, Mexican President Claudia Sheinbaum met with Trump officials to discuss her plans to improve border security. clearly hoping to ease looming tariffs on her country. And in recent days, the president has fielded calls from the prime ministers of Canada and Great Britain. Both men reportedly made their last-minute pitches seeking to dodge tariffs. And more broadly, in the last 72 hours, lawmakers in both parties have... been lighting up the White House phones, lobbying for exemptions for particular industries in their states. And of course, we've also seen a flood of business leaders making their case to the president, some vowing to bring manufacturing stateside and pour money into investments and jobs in exchange for lower tariffs. So Trump is seemingly content to let the pressure build and make final decisions once all offers are on the table.
Georgia Howe 3:45
So let's talk about the political ramifications of some of that uncertainty. What are we seeing when it comes to voters?
Cabot Phillips 3:51
So amid the market swings and concerns over potential price increases from these tariffs, there is no doubt that more voters have soured on Trump's handling of the economy, the issue typically he's been the most popular on. Numerous polls this week show his approval rating on the economy lower now than at any point in his first or second term. The Associated Press, for example, had him at 40%.

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