Governor Gavin Newsom on Trump’s 100 Days of Failure
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Who is Governor Gavin Newsom and what is his view on Trump's tariffs?
I'm joined by California Governor Gavin Newsom. Governor, when you and I last spoke, it was the day after Donald Trump announced his tariffs against the world. You warned everyone how dangerous and harmful it was going to be. Three weeks later, what's your reaction?
Well, I mean, 10X worse than we even feared. And we were pretty sober when we got together the day after, quote unquote, Liberation Day. But we've seen what's happened to the world economy. The coin of the realm is trust and how... We have eroded trust around the globe, how this is going to take, I think, years and years and years to unwind despite what Donald Trump believes and how the markets are behaving as they zig and zag.
Why is California suing the Trump administration over tariffs?
And as you know, since then, California, the largest state in our union size of 21 state populations combined, now the fourth largest economy in the world based on IMF figures that just came out, International Monetary Fund figures yesterday. No state has been more impacted by the tariffs economically. And as a consequence, we're the first state to sue the Trump administration.
What impact have Trump's tariffs had on California's economy?
And we're damn confident that we're going to win that lawsuit. Tell us about that lawsuit, Governor. How important is it? Well, it's critical. I mean, he has no unilateral authority to impose these tariffs. And interestingly, the Koch brothers backed a lawsuit saying exactly the same thing. So look at the ideological prism here, a big blue state and a progressive governor and some of the most conservative quote unquote leaders in this country representing the same point of view. And you may have seen just in the last 24 hours, 12 states' attorney generals just joined and are also suing the Trump administration, making exactly the same claim. And it's interesting, final point on that, The Trump administration is trying to change the jurisdiction for our case and our suit, which is just another example of how concerned I think they are. And again, any legal scholar looks at this, it seems pretty black and white. He simply cannot assert the authority he has under this 1977 construct to unilaterally advance tariffs. So we think we are in a very good and solid position.
Since that day that Donald Trump calls Liberation Day, which I think we call Devastation or Liquidation Day, Donald Trump's been sending messages of tariffs on, tariffs off, tariffs on, tariffs off. Then there are these private meetings that are taking place where things are leaked out and that the markets become very volatile.
How is Trump affecting business confidence with his tariff policies?
What message is Donald Trump sending to the business community with just the volatility he's creating? Well, he's open for business.
What does Governor Newsom say about the influence of special interests in Trump's tariff decisions?
I mean, free enterprise to crony capitalism overnight. I mean, every single one of those meetings represents sort of a side deal, a special interest of sorts. Some may be nations, others may be companies the size of nations that make political contributions. We saw this in Trump 1.0. There was an independent analysis done as it relates to the relatively modest tariffs that he imposed in his first term and how he decided to pull some of those tariffs back. And now they were directly connected to contributors. I mean, this is serious stuff. It's happening in just plain sight. And he wants everyone to kneel. and everyone to reach out directly to him. And this is democracy.
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Chapters
8 chapters
1
Who is Governor Gavin Newsom and what is his view on Trump's tariffs?
1:00–1:44
2
Why is California suing the Trump administration over tariffs?
1:44–2:06
3
What impact have Trump's tariffs had on California's economy?
2:06–3:37
4
How is Trump affecting business confidence with his tariff policies?
3:37–3:46
5
What does Governor Newsom say about the influence of special interests in Trump's tariff decisions?
3:46–5:07
6
How is political activism and grassroots response evolving in reaction to Trump’s policies?
5:07–6:34
7
What insights did Governor Newsom gain from his visit to China regarding trade negotiations?
6:34–7:16
8
Why does Governor Newsom criticize Trump's negotiation style with China?
7:16–14:47