Trump's Major Asia Trip, Jeffries Finally Endorses Mamdani, Louvre Heist Arrests: AM Update 10/27
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Good morning, everyone. I'm Megyn Kelly. It's Monday, October 27th, 2025, and this is your AM Update.
I believe we've reached a very substantial framework.
President Trump prepares to meet China's President Xi Jinping later this week as Treasury Secretary Scott Besson announces a major step forward in reaching a trade deal with China.
I support the Democratic nominee, as I indicated, and we're in alignment in terms of the issue related to affordability.
House Minority Leader Hakeem Jeffries tosses New York City mayoral candidate Zoran Mamdani a last-minute endorsement. Transportation Secretary Sean Duffy threatens to revoke more California federal funding in the wake of another semi-truck accident allegedly caused by a foreign national driver. And two suspects arrested in connection with that wild Louvre heist. 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.
How does President Trump's six-day Asia tour begin and what countries will he visit?
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.com. And you could consider telling your senators to stop Dick Durbin's government takeover of your credit card before it's too late. President Trump in Asia for a six-day, three-country swing, including a highly anticipated meeting with Chinese President Xi Jinping later this week in South Korea amid the threat of a renewed trade war. On Sunday, President Trump arriving in Malaysia to much fanfare. A crowd of people waving U.S. and Malaysian flags, dancing on the tarmac.
President Trump joining in on the fun, dancing along with the group with his signature bald fists, pumping in the air one after the other, having a good time. At the Association of Southeast Asian Nations summit, Mr. Trump inking new trade agreements with Cambodia, Thailand, and Malaysia, and presiding over the signing of a peace agreement between Cambodia and Thailand. Meantime, Treasury Secretary Scott Bessent yesterday also announcing a trade framework between the U.S. and China. President Trump previously set a November 1st timeline for China to reach an agreement with America or face 100% tariffs on imports into the U.S. China, for its part, threatening to impose export controls on critical rare earth minerals used to manufacture electronics and advanced technologies.
Secretary Besant describing the details of the framework on NBC.
President Trump gave me a great deal of negotiating leverage with the threat of the 100 percent tariffs on November 1st. And I believe we've reached a very substantial framework that will avoid that and allow us to discuss many other things with the Chinese. I believe that that we have the framework for the two leaders to have a very productive meeting for both sides. And I think it will be fantastic for U.S. citizens, for U.S. farmers, and for our country in general.
But you're not anticipating the 100% tariffs?
No, I'm not. And I'm also anticipating that we will get some kind of a deferral on the rare earth export controls that the Chinese had discussed.
Presidents Trump and Xi expected to meet on Thursday, their first face-to-face meeting since 2019. Mr. Trump arriving today in Japan, where he is expected to meet with Emperor Naruto ahead of tomorrow's bilateral meeting with the newly elected first-ever female prime minister of Japan... House Minority Leader Hakeem Jeffries on Friday tossing a muted last minute endorsement to New York City Democrat mayoral candidate Zoram Mamdani. In a statement to The New York Times, Jeffries saying he and Mamdani hold, quote, areas of principled disagreement. But Mamdani won a, quote, free and fair Democrat primary campaign.
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