The Megyn Kelly Show
Trump's China Decision, Potential Tax Increase For Rich, Elon Steps Back from DOGE: AM Update 4/24
24 Apr 2025
President Trump signals openness to lowering the 145% tariff on Chinese goods, while still maintaining a tough stance on trade negotiations with Beijing. The Trump Administration is reportedly considering a tax increase for millionaires as part of its “big, beautiful” tax bill. Border Czar Tom Homan accuses activist groups and judges of obstructing efforts to remove criminal illegal aliens through a coordinated legal resistance. Elon Musk announces he’ll reduce his government role to focus more on Tesla after a sharp earnings drop and stock decline.Herald Group: Learn more at https://GuardYourCard.comTax Network USA: Call 1-800-958-1000 or visit https://TNUSA.com/MEGYN to speak with a strategist for FREE today
Full Episode
Good morning, everyone. I'm Megyn Kelly. It's Thursday, April 24th, 2025. And this is your AM update.
So I think it's going to work out very well. But no, it's at 145 percent. There will not be anywhere near that number.
President Trump making news on his tariff policy toward China.
We're trying to remove these public safety threats, national security threats as quick as possible. They're putting every roadblock imaginable in front of us to prevent us from doing that.
Reporters are Tom Homan unleashing on activist groups trying to prevent President Trump from deporting criminal illegal aliens. And President Trump considering increasing taxes on the wealthy in his so-called big, beautiful tax bill. All that and more coming up in just a moment on your AM Update.
As President Trump is settling into his new administration, one of the top Democrats in Congress aiming to undermine the Trump agenda is Democrat Senator Dick Durbin of Illinois. And according to our sponsor, the Electronic Payments Coalition, Senator Durbin has a new plan, a government takeover of your credit card.
Today, Americans have thousands of choices in credit cards, but they say Senator Durbin's plan will result in less competition and less security, which means more risk for your credit and your identity. You can learn more for yourself at guardyourcard.org, and you could consider telling your senators to stop Dick Durbin's government takeover of your credit card before it's too late.
The Trump administration offering to de-escalate its tariff war with China, weighing a dramatic restructuring of our tariffs on Chinese imports. According to the Wall Street Journal, President Trump is considering lowering tariffs on Chinese goods to 50 or 65 percent. Currently, they're at 145 percent.
He also may impose a tiered system, 35 percent levies on goods not considered a threat to national security. and at least 100% for goods that do pose that threat. The Journal noting the president has yet to make a final decision. On Tuesday, President Trump signaling openness to working nicely with the Chinese, making clear neither the previous setup nor the current status quo will stand.
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