tv CNN News Central CNN March 11, 2025 10:00am-11:00am PDT
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>> com today. >> terrified. >> president trump taking a. >> rattled market. >> and shaking it up even. >> more. threatening new, larger tariffs on canada that. >> go. into effect in just a few hours. the white house will face questions. >> from. >> reporters in just moments. >> no room for error. congress facing a key vote as it races to fund the government before a friday deadline. but despite having control of the house, senate and white house, republican holdouts could upend the speaker's plans. and a work in progress. that is how ukrainian officials are describing talks aimed at ending the war in russia. but a key player, president volodymyr zelenskyy, is not in the meetings. we're following these major developing stories and many more, all coming in right here to cnn news central. >> we're standing by for
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breaking news. >> at the top of this hour. >> the white house set to face questions from reporters as president donald trump threatens a sharp escalation in his back and forth trade war with canada. trump is now vowing to double tariffs on canadian steel and aluminum in response to the province of ontario slapping a retaliatory surcharge on electricity sent to three u.s. states. here is what rob ford, ontario's premier doug ford, had to say about that just a short time ago. >> there was an unprovoked attack on canada, on families, on jobs, on businesses for what reason? you know, the market is speaking loud and clear. consumer confidence is down. the market is tumbling. you know, there's going to be plants closed in the u.s. assembly plants will shut down because they won't have the aluminum, or they'll be paying twice or three times as much. this is this is absolute chaos created by one person. and that's donald
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trump. >> in the crossfire. financial markets with wall street tumbling again after yesterday when it suffered its worst day of the year. let's take you now live at the white house with cnn's alayna treene. elena, what is president trump saying in this new threat to canada? >> well, he made. >> a lot of news, boris, in that post this morning, as you mentioned. he said that he wants to increase tariffs on another 25% on steel and aluminum coming into the united states from canada, bringing that to 50%. he said those tariffs will go into effect tomorrow morning. but then he also said that he would shortly be declaring a national emergency on electricity within the threatened areas. the different states that the ontario premier threatened with that. and then also said that there will be a financial price for this so big, referring to the electricity that it will be read about in history books for many years to come. all to say, boris, for those the global markets, the global trading partners, those who are looking
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for less volatility, more stability, some reassurance from the president. we are not seeing that. we are seeing much more ramped up threats to canada and more tariffs here. now, i think what everyone is watching for is one, this press briefing, of course, that is going to start shortly behind me, but then also to hear from the president himself directly. he's going to be speaking to the business roundtable at 5 p.m. noteworthy. it's after the markets closed. we also did not hear from the president directly yesterday, while the markets were open on some of this. but again, i think a key concern is just, you know, where are we going to see some of that stabilization. already before the president had made comments arguing or i should say, not ruling out a recession. we saw some volatility in the market. but as you mentioned on monday, we saw markets have their worst day of the entire year, really erasing all of the gains that we saw the president have since he was elected into office last fall. so a lot of questions about what does this look like moving forward. when will this kind of for tat tariffs on canada and mexico? when will that stabilize. when will they see more from the
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president himself to reassure those that we won't have a recession and that he is paying attention to some of this, these downward moves in the market? >> boris alayna treene live for us at the white house. thank you so much, elena. let's bring in ben bergman. he's a senior correspondent at business insider. ben, thank you so much for being with us. the volatility index on wall street surged yesterday and today. i can't imagine that investors are now feeling good about this new threat. for an additional tariff on steel and aluminum from canada. >> not at all. >> i'm in. >> las vegas. >> for a gathering of a.i. >> investors and executives. >> and it feels like. >> president trump is. >> playing russian roulette with the u.s. economy. usually i wake up and check my 401 k account. i've been scared to do it for the last couple of days, and it doesn't seem to be getting better. it seems to be getting worse. >> i do wonder this is all obviously from doug ford's surcharge on electricity going to three u.s. states. he has
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floated the idea of potentially cutting off electricity to those states altogether. i wonder how far this can go. what might canada do next? >> this is the sort of thing that you study in economics class and in college and high school, a trade war. i never thought we'd be seeing this in real life. play out day to day. i mean, how many americans knew that we imported electricity from from canada? and there's a lot of levers. but remember, canada is much more dependent on u.s. exports than we are on canadian goods. so as bad as this is for us, it's worse for canada. >> so we understand that trump is going to be speaking to some top business executives. during this forum later today. is there anything he could say, anything he could share with them that might actually alleviate their concerns? >> i think what these business leaders would want to hear is a clear plan and not this turning on and off, because this is the
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worst thing for business leaders to try to forecast when there's so much uncertainty. and you've seen that in the corporate earnings reports this week, such as delta airlines saying that they're forecasting perhaps a recession and reduced consumer demand. and so their stock dropped about 15%. so this is the worst case for business leaders that had been expecting a soft landing. but now could be a recession later this year. >> so that question of a soft landing and a potential recession, the number of job openings grew across several major sectors in january. but then two weeks ago, we saw jobless claims spike some 242,000 jobs. what does the job market look like overall? how might it be impacted by this trade war? >> well, i think a lot of people see this as the calm before the storm because just with doge, you have so many government jobs and then the threat of a recession now, i mean, usually the u.s. economy is an aircraft carrier that takes a long time,
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and there's only so much the president can do. rarely has the economy been so directly tied to the president and the president not seeming to care that much about plunging the u.s. economy into a recession for what he sees as greater good ben bergman, thank you so much for the analysis. appreciate your time. >> thank you. >> brianna. >> and to capitol hill, where house speaker mike johnson says he now has the votes to pass a stopgap bill to fund the federal government through september and prevent a government shutdown. with republicans razor thin majority and house democrats preparing to vote in lockstep against the plan, president trump has been working the phones, trying to persuade gop holdouts vice president jd vance also huddled with republicans this morning on capitol hill to rally support, a source in the room telling us, vance warned republican members that if there's a shutdown, republicans will be blamed. with us now is congressman tim burchett of
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tennessee. he is one of the house republicans who is currently a no on the funding bill, or at least, sir, you were. i wonder, have you gotten a call from the president or spoken to the vice president? are you still a no? >> yes, ma'am. i've spoken to the president, and i'm still undecided. my main concerns, as they always have been, is if this additional monies, any monies that we get, it's going to go to the pentagon. and of course, if we shut the government down, it's going to stop all the cost savings that have been going in that we're trying to get through. doge. so it's i guess i'm sort of between a rock and a hard place on that, but, but, but honestly, this is the very first time since i've been in congress and some of the old timers like chip roy, have been in congress that we've that we've actually seen a reduction in the size of government. and it's, it's several billion dollars, although in washington terms, that's very little. i'll tell you, in tennessee, that's a whole heck of a lot. >> yeah. did you tell the president that? i mean, can you give us a little insight as to the concerns you voiced?
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>> one thing i've learned that if you have a private conversations with the president, if you want to continue to have them, you don't talk too much about them. but i will tell you this. the president is concerned about the spending. he's worried about the economy. he is he's concerned that the misconception that we're going to cut medicaid and medicare and things like that, and that's the furthest thing from the truth. this is an actual reduction in the size of government. it's what people have demanded across the aisle across this country. and that's why president trump won with a mandate. and that was one of the mandates, because the size of government is just out of control. >> so let me ask you, because you, as you mentioned in this, you've been consistent on this. you have concerns about the level of defense spending, which does increase in this stopgap funding bill. you're also aware and we've reported on it, of secretary hegseth memo from a few weeks ago, where he's calling for 8% cuts to the pentagon budget each year for five years in a row, which is a lot. so are you worried that you
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would vote for an increase, but then that decrease in pentagon spending might not actually come? some of the expectations in the budget process might not actually come. what are you worried about here? >> well, one of the things that i'm worried about is people up here that tell me the truth, and generally they have all lied to me. all of our past leadership, but in this case, donald j. trump has never lied to me, and i've given him that opportunity several times in the last couple of weeks. to be honest with you, brianna. and and if he does, i don't think he will. i think he shares those same concerns because he knows reduction in in spending and moving away from a more government based economy to a capitalist based economy will will increase the productivity, productivity of this country. and it will it will force us out of any so-called recessions at that time. and i believe he understands that and he gets it. >> what do you say? you're worried people are lying to you.
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what, are you worried? they're lying. >> they have in the past. i mean, sure, i'm sorry. go ahead. brianna. >> no, no, no. go ahead. >> no, i yeah, i mean, in the past, i've been told we're going to do this the next time. we're going to do this the next time. and guess what, brianna? it's the next time. and i'm giving president trump his one chance here. i think some your station reported last night that in 37 times i've not voted for one of these crazy things. and this time i am, because it is actual reduction in the size of government. something i never thought i would say in my lifetime in federal politics. but it is an actual reduction in. president trump has delivered on that promise, although it's it's minute by washington standards. it is a start and it's where we need to go. and he is concerned, as i am, about the waste, abuse and fraud in the pentagon. and i believe when he when elon musk goes in there, he is going to find a lot of that. and i think and a lot of people are going to be very uncomfortable and they
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should be. >> so i just want to be clear. so you're saying you are voting. you are voting yes for the cr? >> no, i did not say i was. i'm just telling you, those are the type of things that are weighing inside my mind. okay. over, over where we're at. so i'm not. no i'm not i'm not committing to you and the good folks at cnn that i'm going to vote for this thing. >> okay. so then when. >> you're talking about problem with kicking the can. >> yeah. kicking the kicking the can down the road. so and to that point, even if you do ultimately get these decreases in pentagon in the pentagon budget, i mean, ultimately, are you concerned about the message it would send to vote for an increase before a decrease? >> yes, ma'am. but and i realize washington phony politics when they say, oh, we reduced the rate of growth, but it's still growing. you know, that's not a that's not a trick i'm going to fall for. and i don't think america is going to fall for it either, because as i've stated, when doge gets ahold of the pentagon, i believe it's going
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to they're going to squeal like a stuck pig. and they should, because they have been, you know, their war pimps. all they do is their business is war. and it's very good. young men are dying and old men are making decisions and and you're seeing stock, stock portfolios of people on both sides of the aisle in this building that just go up considerably every time there's a war anywhere in the world, because our arms dealers are selling them that. and it makes me a very unpopular person and probably will get me primaried and makes me unpopular with my colleagues. but dadgummit, that's the truth. and people ought to start paying attention. it's it's all public record. you can go on unusual whales website and you can follow every transaction that that members make. >> let's talk about some of the proposed cuts through doge and what we're hearing from elon musk. i know you're watching the clock there. but he's talking about eliminating 500, 600, $700 billion a year in waste, fraud and abuse from entitlements. entitlements. those are comments
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that are getting a lot of attention. so i think we need to be clear here. entitlements, of course, social security, medicare and medicaid. but how do you hit that number? it's it's him zeroing in on waste, fraud and abuse. how do you hit that number without actually cutting benefits? because there's no estimate of waste, fraud and abuse that would come close to that number. he's highlighting? >> well, nobody thought we were given $10 million a year to madagascar for for circumcisions either. but dadgummit we are. and so i think if you start looking at the percentages of money that's going out and the fraud that they've already uncovered in this short amount of time, we're not even 100 days into the trump presidency, and president trump promised us he would root that out. and elon musk, all of a sudden the democrats don't like him anymore because he's an evil billionaire. and of course, they have george soros to contribute to their folks on their side of the aisle. he's not evil. but the truth is that musk has come up with an incredible his people have.
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>> let's just stay focused on this. >> incredible amount of waste. >> can we can we focus on this also? let's keep clear, i don't believe i don't believe the circumcisions or madagascar. even the alleged circumcisions. i just want to be clear. i think it's a country that begins with them, but that's not it. so this number so this number is it's very big. so and, you know, the sensitivities around tackling entitlement cuts, but any. >> expert but you but you have to ask yourself why are these people so opposed to finding ways. i've not done fraud in these departments? because the money. that's not the money would get. >> i didn't finish. >> the money would get back to the people in need. >> the issue is the cuts to the benefits versus waste, fraud and abuse. that's i think there there seems to be a lot of support, right, for waste, fraud and abuse. the issue is that if you talk to folks who can actually know the amount of
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waste, fraud and abuse that you could tackle, they say you can't get that number of the cuts that he's talking about. they say you can't balance the budget, which is obviously something republicans really want to do without being honest about cutting these entitlements. and yet it seems something that republicans are are reticent to speak honestly about that that's a what would have to be done. >> you know, my daddy was an old educator, and he used to tell me they always invite the people in to fix the problem that created the problem. you're asking the people that created the problem, did they make a mistake? and of course they're going to tell you, no, we didn't make a mistake. this is crazy. well, nobody imagined any of these millions and billions of dollars that are going out. you i mean, we're giving $40 million a week to the taliban. >> i think these are people. >> currently, but but. >> these are people who actually are interested in reducing some of these estimates. they are people who are interested in being fiscally conservative.
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>> then why don't they? why don't they embrace the idea of exposing these things? why do they want to? they want to demonize trump and they want to demonize elon musk. >> it's ridiculous. i don't i'm just talking. >> about embrace it. >> no they're not. i'm just. >> talking about every day. have you all ever have you all ever had any in. >> the. >> last? i'm just. talking about this an article. >> on i'm talking about the math on waste, fraud. >> and abuse. look at the math. if elon musk says that he thinks he can find $1 trillion worth of waste, abuse and fraud, why don't we let him try and see if he can find it? what does that hurt? you know, everybody's trying to be critical. they're attacking the message carrier. and, you know, the problem is, is that this money, you're going to see it going to politicians. and i mean going out to these ngos and all these these organizations that are that they claim they're doing a good job, and it's coming right back to washington and possibly both parties. and i think that's what a lot of these people are afraid of. they're going to get caught with their hand in the cookie jar. and some of these people need to be in handcuffs because medicaid and medicare should be
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a sacred, sacred group of people. and we should not be stealing from any, any group that is trying to help that community. and that is what has happened. we just had a meeting just now in oversight. there are seven days. somebody said, well, it's just so infantile, it's so small. and then it turned out i asked, was it a percentage? and they said 7 to 8%, 150 over $150 billion. that is being misdirected or stolen or, or whatever through fraudulent or. >> i'm just trying to have. >> a why don't you embrace that? why don't you all at cnn want why don't you all at cnn? >> we're trying to do a little math for you. i'm just. i'm trying to do some math with you. talking about math. >> that you all do not support. one cut, one cnn. you all do not support one dadgum cut in any of this stuff. you're trying to use the the the lowest denominator. you're trying to scare the most people to, to drive the train against trump. and it's not working. the american people are not buying it. and you all have made a huge error in this because. >> there is we're looking.
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>> at unbelievable. >> i'm looking at the numbers. i'm looking. >> at looking. >> no ma'am. i'm looking at the numbers that doge has put out themselves. they say they're cutting contracts that have already ended. they say they're cutting a big amount. it turns out it's actually a smaller amount. that's just math, congressman. and we're going to continue to. >> keep looking. there's no are you saying there's not. are you saying there's not. well look at the math. are you saying there's not billions of dollars of waste, abuse and fraud in federal government? are you trying to say that because everybody out there knows. >> i don't need to tell you that there's cbo. >> estimates, and. >> that's why that's what we're. >> trying to discuss. >> is the actual number. we're trying to have, at least i'm trying to have an honest conversation with you about the numbers and cbo estimates and the numbers that experts on this topic expect there to be. congressman tim burchett, thanks for joining us. >> unnamed experts. thank you all so much for having me. >> great to have you, sir. stay with cnn. the white house taking questions as president trump
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threatens more tariffs on canada, sending the markets. you see it here into another sell off and take two on talks. ukrainian and u.s. officials are meeting after an explosive oval office conversation between president trump and zelenskyy. what concessions the u.s. may be looking for from ukraine to end the war with russia, and then later, how the doge cuts in washington are being felt in asheville, north carolina, as the city is recovering from hurricane helene. you're watching cnn news central. we'll be right back. >> with anderson. >> cooper 360 tonight at eight on cnn. >> safelite repair safelite replace. >> nobody likes a cracked windshield, but at least you can go to safelite. com and schedule a fix in minutes. go to safelite. com and schedule. >> a replacement today. >> safelite repair. safelite replace. >> where are you headed? >> where am i headed? >> am i just going to take. >> what the market gives me? no. >> i can do some research. >> you know. >> that's backed. >> by jp morgan's leading strategists.
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than three years of bloodshed. the u.s. delegation says they want to hear what concessions ukraine may be willing to make. ukraine's presidential chief of staff calls the talks a work in progress. cnn's nic robertson is monitoring developments live for us from london. nic, have officials come to a consensus that they've made public on anything? >> i think that we can say that the consensus is that they're off to a start. they've both described it as work in progress and, you know, going well so far or indicating that it's going well so far. there's consensus on that. but of course it's still ongoing. and the fact that it's ongoing seems to indicate, of course, that there's a much better and stronger dialog than there was in the white house in that tempestuous meeting, that big bust up two weeks ago. but where this is going to land, of course, what the u.s. delegation is looking for is to hear what concessions ukraine is willing to make. and ukrainians, for their part, going into the
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meeting, the chief of staff to the president said that this was important to get started the process. and i think that's indicative of the fact how the ukrainians see this. they want a fair and just peace. they see this as the beginning step. but of course, most important in the short term is that they restore the military, support, the intelligence support from the united states. so of course, that's what they're communicating. but i think it's also worth kind of reflecting on this as well. while they've been in these hours of discussions there in in jeddah in saudi arabia. the ukrainians are also speaking, speaking war to the russians. the russians claim that the ukraine, that they shot down 343 ukrainian drones over russia, 91 of them in the moscow district. the russians claim that three people were killed, six people were injured. if the russian figures are correct, that's the biggest ukrainian attack. it would appear on on russia. so there's a signal
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being sent to the russians there that the war is still on. and look, the russians, for their part, sent missiles into the east of ukraine today, according to ukrainians. and two children were killed in that strike. so the war is going on. so the messaging at the table is very important with the u.s. interlocutors to restore the sense that the ukrainians want peace. but there's a message to the russians that they want it, that the war continues, that there is loss involved in this for the russians, and they can keep this up. and, of course, what we've heard from putin's spokesperson, dmitry peskov is that, well, maybe this drone attack on massive drone attack on moscow and on russia is actually going to be detrimental to the process. so, yeah, there are two lots of talking going on here at the moment. >> nic robertson live for us from london. thank you so much for the update. we want to take you straight to the white house now, where press secretary karoline leavitt is taking questions. let's listen. >> killed americans. >> we have a zero tolerance policy for siding.
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>> with terrorists. >> period. >> peter doocy. >> thank you. caroline. so you said that the dow. >> dropping and dropping and dropping is a period of transition. you're sure nobody here at the white house shorted the dow? >> no, i don't think so. >> okay. >> but is there any concern here that it's going to be harder to ask certain federal workers to retire if they look at their retirement accounts and they're getting rocked every day? >> well, i'm glad you brought up workers, because that's exactly who president trump is looking out for with his america first trade policy and his america first economic agenda. and if you look at there's great indication to be optimistic about where the economy stands and the american people, investors, ceos, small business owners, but most importantly, workers should bet on president trump because his tariff policies, what he envisions is reciprocity, fair trade practices, where american workers are put first and are no longer ripped off by foreign countries all over this world.
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>> president trump says he's going to buy a tesla today. did he buy it? and when is the last time he drove a car? >> that's a very good question. i have heard the president remark that he misses being able to drive that luxury of driving his own vehicle, although the beast is nice, but he is going to be viewing a tesla that is making its way to the white house complex. now, i can confirm perhaps the press pool today will have an opportunity to witness this very exciting moment later this afternoon. but tesla, a tesla is on its way here now, and we'll see if the president likes it when he checks it out. >> so they're bringing him a tesla to look at. and if he likes it he's just going to buy it. >> you know he's intent on he's definitely going to buy one. but he'll take a look at it when it gets here later this afternoon. retail. >> yes. >> full market price. kelly. >> can we talk about canada? >> what is the status. of president trump. >> having a conversation. >> with mark carney? >> we have seen the president
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use the term governor. >> to. >> refer to. justin trudeau. will that moniker also go to mr. carney going forward? and is. >> the decision to increase the tariffs? is that based on a specific economic metric that he looked at? is it impulse? how would you describe his reaction to candidates? >> the president has not yet spoken to mr. carney. not until not since i checked, which was just moments ago, but certainly his phone is always open to to leaders who wish to speak with him. as for the tariffs, the president made his position on this quite clear with the statement that he put out, and it was a retaliatory statement due to the escalation of rhetoric that we've seen out of ontario, canada. the president saw the premier, doug ford, make an egregious and insulting comment threatening to shut down electricity for the american people, for hard working american families. he made that threat. the president saw that and has an obligation and a responsibility to respond
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accordingly and represent the interests of the american people. so he has made the decision to add a 25% tariff. so now steel and aluminum tariffs will come into effect tomorrow at the rate of 50%. and our steel and aluminum industries have actually applauded these tariffs because again, they know it's going to grow their industry here. it's going to allow them to export more steel that is made right here in the united states with american workers. >> egregious and insulting. >> are your words here. but that's what. many canadian. >> leaders have said about. >> the actions president trump. >> has taken toward canada. and what do you think the timeline is for speaking to mr. carney? >> because normally the president, a sitting. >> president, speaks to a. >> close ally very quickly when there's new leadership. >> well, the president is again responding to the fact that canada has been ripping off the united states of america and hard working americans for decades. if you look at the rates of tariffs across the board that canadians have been
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imposing on the american people and our workers here, it is egregious. in fact, i have a handy dandy chart here that shows not just canada, but the rate of tariffs across the board. if you look at canada, since you brought it up, american cheese and butter, nearly 300% tariff. you look at india 150% tariff on american alcohol. you think that's helping kentucky bourbon be exported into india? i don't think so. 100% tariff on agricultural products from india. look at japan. tariffing rice 700%. president trump believes in reciprocity. and it is about dang time that we have a president who actually looks out for the interests of american businesses and workers, and all he's asking for at the end of the day are fair and balanced trade practices. and unfortunately, canada has not been treating us very fairly at all over the past several decades. to the woman in the purple, because i saw you were making a face at my previous answer. so
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>> put out hamas propaganda, the flyers that have been distributed call for violence. the flyers have been distributed. >> have the logo of an organization that has held americans hostage that murdered innocent babies, that murdered men, women and children. they are a designated foreign terrorist organization, and we are not going to tolerate non-citizens, foreigners who come here on a visa engaging in such behavior, siding with terrorists. and the secretary of state reserves the authority to revoke the the green card or the
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visa of an individual who serves as a who is actually, it says right here reasonable grounds to believe that the alien's presence or activities in the united states would have potentially serious adverse foreign policy consequences to the united states. and i think siding with hamas makes that quite clear. secretary rubio exercised that authority, and we fully believe that we are going to move forward with more arrests. as president trump previewed in his statement yesterday. ed, thanks. >> go ahead carolyn. so are there conversations between the administration and the canadians going on over this tariff? because the ontario premier says the next step is to cut off electricity to the u.s. >> and the president put out a statement after seeing those comments and said that it would be there would be grave consequences imposed on canada if they think about shutting off electricity for the united states of america and our citizens. and the president is also determined to ensure that we are depending on american electricity, not the electricity
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production of foreign nations, including our allies in canada. as for conversations, there is continued correspondence between the president's team, particularly secretary lutnick and the canadians as well. >> and the market reaction. how do you how do you sell to the american people then, after they're looking at what's happening in the markets this week and say that the tariff policy long term is something good? >> well, just think about what the tariff policy long term will do for our country. i think many of us probably grew up in small towns. i know, at least i did in the main street in my small town. looks a heck of a lot worse than it probably did decades ago before i was alive. at least my parents and grandparents tell me so, and i know many americans feel that same way. what the president envisions for this country is for the united states of america to be a manufacturing superpower, where there are american factories and businesses owned by americans, producing goods that we are exporting to the rest of the world. those revenues will stay here. it will increase wages for people here in our great
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country. it will ensure our national security, and it will boost the morale of the american people to have thriving industries again. think about detroit, michigan. think about north carolina, as i mentioned, that used to have a thriving furniture industry that no longer exists because of the globalist trade policies of previous and past administrations. and the american people gave the president a tremendous opportunity to restore american greatness and restore our manufacturing dominance. and he's intent on doing just that. john. >> thanks, carolyn. carolyn, two questions for you. first, on the cr you put up on the screen the president's message to republicans to support this continuing resolution. is there outreach to democrats? because what we've seen since the beginning of the fiscal year is that in order to get a continuing resolution, you need bipartisan support and you need compromise. >> well, right now we are focused on house republicans and on the house, because that's the first step, as you know, john. and so the president has engaged
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in correspondence with house republicans, whipping votes and getting them to a yes, which i understand has been pretty successful this morning thus far. and so, again, the president is encouraging republicans especially. but again, as i said, all members of congress to vote to continue funding this government so we can continue the business of the american people, which elected president trump to do. >> and then on financial markets, we've seen this decline yesterday. we see it today as well. it seems that the read on the president's policies is one in which they do not have confidence in his trade tariffs policy. they do not have confidence in what the president said to fox news over the weekend that he didn't rule out the idea of a recession. what is your read in terms of the decline that we've seen over the last week and a half in financial markets? >> well, i think there's actually a lot of reason to be confident, and many people do feel confident. just look at the nearly $2 trillion in private investment that this president has secured. look at the
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comments made by the ceo of apple, one of the biggest companies in this world, who said that he is bullish on the future of american innovation under the leadership of president trump. look at ceo confidence. according to the conference board measure of ceo confidence in q1 2025, under the leadership of this president, it jumped to its highest level in three years. from cautious optimism to confident optimism. if you again look at the $2 trillion in investments from some of the biggest companies in the world. look at the jobs report last friday, as i also cited in my opening remarks, fox business reported that trump sees a manufacturing boom in first jobs report of his second term. look at the auto jobs that have already poured back into america. we added 9000 new auto jobs. those are sticky jobs. those are good paying jobs. that's 9000 american families who will now be able to live the american dream because of the policies of this administration. you also look at small business
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optimism. the nfib put out a report this morning. small business optimism continues to be far higher than it ever was under the previous administration. there's a lot of reason to be optimistic. and again, the american people, ceos and people on wall street and on main street should bet on this president. he is a deal maker. he is a businessman, and he's doing what's right for our country. he wants to restore wealth to the united states of america. michael, good to see you. >> thank you. two questions, if i may. will the will the administration be providing any relief to states affected by the ontario power tariff? >> well, the president has made it very clear that canada would be very wise not to shut off electricity for the american people. and we hope that that does not happen. as for what would happen if that does take place, i'll leave it to the president to make those decisions. >> does president trump share the justice department's concern over rising egg prices and possible collusion of big egg? >> well, we definitely we
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definitely do share the concerns of the american people when it comes to the price of eggs, however. good news, the average cost of a dozen eggs is actually down since secretary rollins and president trump announced their plan. it's down $1.85. so that's good news on the cost of eggs. and as we know, under the biden administration, egg prices went up 22%. this is another example of an economic mess that president trump inherited. and the secretary of agriculture and the president are focused on fixing it. secretary rollins put out a five point plan, a four point plan to address this crisis. and she has been honest and realistic with the american people, as this administration always is. it will take about 3 to 6 months to get the egg supply back to where it should be. but she's focused and this administration is focused on doing that every day. karen. >> thanks, caroline. just back on the markets, you said that what we're seeing this week, right now in wall street is a snapshot of a moment in time. but does the president think he
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bears any responsibility for the turmoil in the stock market this week? >> look, the president is unwavering in his commitment to restore american manufacturing and global dominance. and i think he doubled down on that this morning with his new statement and the tariffs that will be implemented tomorrow on steel and aluminum. >> and he has said recently he's not looking at the market. he said you can't really watch the stock, the stock market. but all of the gains since election day have been erased in the s&p 500. at what point how far do stocks have to fall before the president considers it a factor and changes course? >> again, as i just said, the president will look out for wall street and for main street, just like he did in his first term. and people on wall street and main street should bet on this president. he's doing what's right for this country. nick, good to see you. >> good to see you. thank you. caroline. so is the president prepared? like what we saw with congressman massie to. pressure other republican lawmakers into supporting this continuing resolution? >> well, he is very much, as i
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said, engaged in this process. he's been making calls to lawmakers on capitol hill. and i think his statements against congressman massie speak for themselves. and i will let the president put out any additional statements if he chooses to. but he fully expects all house republicans to vote for this continuing resolution. >> just to follow up, can we start to anticipate seeing more of the president weighing in on upcoming 2026 races like we saw this morning? >> i'm not sure about that. i'm not even sure if i'm allowed to speak about that from this podium. i would check in with our outside political team for guidance on future races and the president's involvement. elena. >> thank you. i wanted to ask you about some comments. elon musk yesterday made yesterday. he said that there is 500 to $700 billion in waste and fraud and entitlement spending. he called it, quote, the big one to eliminate. earlier this month, he also referred to social security as a ponzi scheme. should americans expect changes? big changes to social security and medicare.
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>> president trump has been unequivocally clear on this. he is going to protect social security and medicare benefits and medicaid for hardworking americans who paid into these entitlement programs and deserve those hard earned benefits. and unfortunately, the mainstream media has taken mr. musk out of context. i saw a bloomberg headline that our team actually worked on getting updated and fixed because it was so wrong, and it took mr. musk out of context. what he was specifically referring to cutting was the waste and the fraud and abuse that does exist in these programs. according to an ig report from the social security administration, there's more than $70 billion of fraud in the social security program alone that we know of. and so the president will continue to protect these programs for hard working americans and actually cutting the waste, fraud and abuse out of these programs will protect it for hard working americans. >> and respectfully, he said, around 500 to $700 billion. there was no evidence to claim that. and also, if that is the case, that would represent more than a third of what social
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security paid out last year, maybe 20% of social security and medicare. >> again, if you read his full quote, he said, we think so. it's an estimate based on what he's seen. he's not saying definitively. he's saying that's what doge suspects and thinks. and that's exactly why doge was created to ensure that we are investigating the fraudulent spending, the wasteful abuse across our federal government. and i would remind everybody in this room that 77% of the american people support this effort. by elon musk in doge to identify such waste, fraud and abuse. go ahead. >> thanks, caroline. >> you're welcome. >> if we could just step back for a second. when president trump last addressed the brt, when he was on the campaign trail, his big push was on tax cuts. he's going there today as he's proposing tax hikes in the form of tariffs. and i'm curious for why he's prioritizing that over the tax cuts. >> he's actually not implementing tax hikes. tariffs are a tax hike on foreign countries that again have been
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ripping us off. tariffs are a tax cut for the american people. and the president is a staunch advocate of tax cuts. as you know he campaigned on no taxes on tips no taxes on overtime, no taxes on social security benefits. he is committed to all three of those things, and he expects congress to pass them later this year. >> i'm sorry. have you ever paid a tariff? because i have. they don't get. >> charged on foreign companies. they get charged on the importers. >> and ultimately, when we have fair and balanced trade, which the american people have not seen in decades, as i said at the beginning, revenues will stay here, wages will go up and our country will be made wealthy again. and i think it's insulting that you are trying to test my knowledge of economics and the decisions that this president has made. i now regret giving a question to the associated press. mary, go ahead. >> thank you. caroline. i have two, if that's okay. the first one was on russia. ukraine. i know special envoy witkoff said yesterday that zelenskyy apologized in his letter to trump. can you share any more
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about that letter and what else might be interesting from it that we don't know? >> yes, the president did reference that letter, as you're saying in his joint address to congress. and i do have an update. as you know, secretary of state rubio and our national security advisor, mike waltz, have been negotiating with the ukrainians today in saudi. they will be providing a full readout of that meeting very soon. but i can assure you and everybody here in the american people that the news we've received from that meeting throughout the day and the president has been briefed on is positive. this meeting has been productive. i will let secretary rubio and our national security. secretary of state rubio and our national security advisor speak to the specifics of what has taken place today, when they are ready to do so. when the meeting concludes. lindsay. go ahead. thank you. caroline. >> referring to. >> mahmoud khalil, the. >> president has said this is the first of many arrests like this. does the administration have a rough estimate of how many arrests you're planning to make? similar? >> i don't have an estimate. i do know that dhs, based on very
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good intel, that they have gathered at the direction of the president's executive order, which made it very clear to the department of homeland security that engaging, as i said, an anti-american, anti-semitic, pro-hamas protests will not be tolerated. so since the president signed that executive order and since secretary of known has taken the oath at dhs, they have been using intelligence to identify individuals on our nation's colleges and universities, on our college campuses, who have engaged in such behavior and activity, and especially illegal activity. and so i don't have a readout on how many arrests will come. but i do know that dhs is actively working on it. and i also know that columbia university has been given the names of other individuals who have engaged in pro-hamas activity, and they are refusing to help dhs identify those individuals on campus. and as the president said very strongly in his statement yesterday, he is not going to tolerate that. and we expect all america's
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colleges and universities to comply with this administration's policy. jasmine. >> thank you so much for the question on canada. after all of these threats to increased tariffs or turn off electricity, i wonder, does this administration still consider canada to be a close ally of the united states? >> well, i think canada is a neighbor. they are a partner. they have always been an ally. perhaps they are becoming a competitor now. but as the president also laid out in his truth social post today, he believes that canadians would benefit greatly from becoming the 51st state of the united states of america. and i actually looked into some of the research about the cost of living in canada. and the cost of living is much higher than it is here in the united states of america. the average cost of a home in canada is much higher. in quebec, the highest tax rate for an income of 150,000 or more is 53.3%. more than half of canadians incomes they are being
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taxed on. so the president has made it clear that he believes canadians would be better served economically, militarily if they were to become the 51st state of the united states of america. reagan. >> thank you. caroline. a week ago, attorney general bondi said a truckload of epstein files had been delivered to her office from the s.d.n.y. when can we expect those files to be released to the public? >> i would refer you to the department of justice. i don't have a timeline here. >> do you any update on the jfk files? >> i don't at this moment. again, i would defer you to our dni, director tulsi gabbard and also the department of justice. i know that they are working on that diligently as the president requested them to do. christian. >> thanks, caroline. two questions. since we've been talking a lot about tariffs, have there been any updates on standing up the external revenue service to collect revenue from there? >> well, we need reciprocal tariffs to go into effect first. and as you know, the president will be rolling those out on april 2nd. and then the next start of that process is collecting that revenue to ultimately create the external
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revenue service, which secretary lutnick is working very hard on and is quite enthusiastic about. if you have noticed from his media interviews. >> the president did have through executive action, or will it require legislation? >> well, the president already signed an executive order to direct the secretary of commerce to establish the external revenue service, or at least to identify ways in which it can be done. i would refer you to the department of commerce for more on specifics on that. i'm sure. in the back. >> thank you very much. i have a few questions on south korea and north korea. first occasion, as you know, south korean president moon has been released from illegal detention. what is the reaction of the united states as an ally? is there a possibility of a summit with the president? trump when president moon returns? second question on north korea. north korea launched the ballistic missile. several ballistic missiles into
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the west coast. yesterday. what is the white house's reaction on this? >> sure. yes. i'll start with your question on north korea. we condemn these actions and we call on north korea to stop their unlawful and destabilizing actions. as for south korea, the u.s. and republic of korea's alliance is ironclad, and the trump administration remains in close contact with our south korean counterparts as we work together to promote a free and open indo-pacific. sure. >> you didn't answer that? leader of south korean president from jail. >> the i don't have anything on that, but i can certainly check in with the national security council and get back to you. sure. good to see you. >> press secretary. many are concerned about the validity of. >> all right. >> we're listening here to the white house briefing. and we just heard a number of things, including press secretary karoline leavitt justifying trump's tariffs policy. she
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cited, for example, canada's tariffs on american cheese and butter, nearly 300% tariff, she noted. but we do have to be clear, those are not actually in effect. they have not been triggered. they get triggered. if american exports hit a certain quota, which they are far from hitting in almost every category. we've taken a very close look at this. our daniel dale has. and furthermore, these are tariffs. the ones she cites that she seems very animated by. they're actually tariffs that trump himself left in place when he negotiated the usmca during his first term, which he described, of course, as the best trade deal ever made. and there was also some very interesting comments that she made about the arrest of protesters on campuses. >> yeah. mahmoud khalil, the columbia university graduate student who was detained by ice officials and is currently being held in a detention center in louisiana over his organization of protests on that campus. she
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cited handing out fliers as part of the reason that he may have been detained in support of hamas is the allegation the administration is suggesting that his activity on campus could have potentially adverse foreign policy consequences. her exact quote there was that the administration would not tolerate, quote, anti-american, anti-semitic, pro-hamas protests. the question, of course, is whether that kind of protest is protected under the first amendment, whether you can actually stop someone for expressing what they believe versus actually supplying material or intellectual property to a terrorist group. the law there will be tested as a judge weighs in on that case. she was also asked about the battle to keep the government running the cr that's being debated by the house. she was asked specifically if the president had reached out to democrats. she essentially, through her words, said no, that trump had spoken exclusively to
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house republicans, saying that he is expecting every single republican to vote in favor of the continuing resolution. this is despite thomas massie one house republican saying that he would vote against it, and then trump threatening to primary him. >> yeah, he is really twisting arms. that is what's very clear. we just had congressman tim burchett on who had been a no. seems undecided. seemed to admit that he actually is going to vote for the cr. we pressed him on that. he seemed to go back to undecided, but i think you could put some money on. he'll be voting yes along with these other republicans. the president is putting pressure on. we'll have much more ahead. stay with cnn. we're moments away from an ntsb update on that deadly mid-air collision between that american airlines plane here in washington, dc and an army blackhawk helicopter. >> maybe if he he would have gotten away with it. i'm still
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