this weekend while being in both alabama and florida at the same time. yes, this is happening at none other than the legendary flora-bama lounge. it is a real bar in orange beach, alabama and perdido key, florida, located literally on the state line. most of it's in alabama, so they pay alabama business and property taxes. i guess they must get their mail there too. some members of this show's staff have apparently been there once or twice. that, though not the point of this story. the number one seed, auburn, faces off against fellow number one seed florida on saturday. the flora-bama bar says the game will be on all the tvs, so you can watch it in either state or both, or walk back and forth. although i bet it's going to be like crossing a picket line. the winner of saturday's game will play in the championship next monday in san antonio, bringing an end to march madness in april. adrienne elrod has been to this bar. she unfortunately does not have time to weigh in.

it is time for phil mattingly, who is in for jake tapper. the lead starts right now. >> this is cnn breaking news. >> welcome to the lead. i'm phil mattingly in for jake tapper. it has been 25 hours now since donald trump unleashed terrorists at a level the world hasn't seen in a century. companies, investors, american consumers just now starting to get their heads around things the administration's intentionally radical move to change global trade has the stated goal of leveling the playing field for american workers and businesses, forcing more american production and jobs. but economists say it's really not that simple. and there are early indications that the economy here at home is in a little bit of trouble right now, starting with the stock market, global markets. you can see them right there closed sharply down the dow s&p 500 and nasdaq posted their biggest single day drop since 2020. and here's a look at u.s. futures pre-market trading. it is obviously tbd if

markets continue in this direction ahead of trading tomorrow. the u.s. dollar also wiped out all gains that have been made since president trump was reelected in november. then there's the expected impact on everyday goods. the nonpartisan tax foundation finds that tariffs will cost the average american household $2,100 more per year for goods. and if you're wondering if there's a chance that trump administration could back down on the tariffs sustained economic pain, well, two of his top officials insisted no. and then trump said this. >> i think it's going very well. it was an operation. like when a patient gets operated on. the markets are going to boom. the stock is going to boom, the country is going to boom, and the rest of the world wants to see is there any way they can make a deal? >> we start things off with cnn's vanessa yurkevich. vanessa. let's start with the question that just has to be on everybody's minds right now. cost of living. how much is this going to cost people every day?

>> well, the place where people will feel the price increases first is on food. these are perishable items that come across the u.s. borders every single day. these are not things that can be stockpiled. so when these tariffs hit, you're going to feel immediate impacts in places like this. look at bananas. we get a lot of bananas from countries like ecuador, costa rica and brazil. well now those countries are slapped with a 10% tariff. coffee for example. we import a lot of coffee into the u.s. because we don't have the climate to grow it here. we get it from brazil and ethiopia. those countries now slapped with a 10% tariff and wine. we get wine from abroad, from italy, from france, from the european union, which is now facing a 20% tariff. also, let's look at cars. we know this tariff just went into effect today. so the increase for foreign car imports, according to anderson economic group, could be anywhere from 8000 to $20,000. you're talking

about brands like lexus. these are cars that are fully imported. and then i will mention fill cars that are assembled here in the u.s. but have foreign parts. those are going to be hit on may 3rd. car prices for those types of vehicles could rise anywhere from 2500 to $15,000. >> vanessa, i'm always a little bit cautious about looking at the stock market on a day like today. following a day like yesterday, you never really know how things are going to net out as things start to get priced in. but the stock market is representative of major companies, really important companies in the u.s. who's getting hit the hardest right now? >> yeah. and these are these are real time numbers. the markets obviously just closed here in the u.s. but look at these stock prices. this was a big selloff on wall street across the board. apple stock down almost 10%. look at restoration hardware 40% in stock price. the stock price dropped by 40%. you had the ceo in real time on the earnings call this morning saying, oh, expletive. when he saw that his

stock was falling by that much. that's because restoration hardware, a luxury brand, imports so much of their furniture from asia, which are getting hit with high tariffs. and then look at stellantis. this is a u.s. car company. they announced that they were shutting down idling plants in mexico and canada because of these tariffs. and as a result, about 900 people in the u.s. are going to be on temporary layoff because that's the supply chain, those people, 900 people work in factories here in the u.s. that service those plants in mexico and in canada. stellantis day one, making moves to shore up their supply chains. you saw their stock drop 10% almost today. phil. >> vanessa yurkevich, this is going to be a lot to follow in the coming weeks, no question about it. and let's go ahead and start with the global reaction that we are still waiting for at this point. because, look, that's the next big thing. everybody is trying to figure out what this all means. we're going to check in on what's happening with trump's tariff

with our team of correspondents across the world. cnn's ivan watson in hong kong. ivan, how are countries across asia? vanessa just mentioned it. reacting to trump's tariffs. yeah. >> with a. >> wave of anxiety. emergency meetings of governments trying to figure out a response. >> to this. >> the stock markets here in hong. >> kong, in. >> japan. in south korea and. >> australia, they were all down on thursday. and asian economies. >> have been. >> hit hard. >> by. >> these announced tariffs. they range. >> from at least 26%. >> tariffs on. >> the world's most. >> populous country. >> india, to. >> all the way up to, i believe, around 46%. tariffs imposed on. >> vietnam, which enjoyed. >> more than $120 billion. >> trade surplus. >> with the u.s. last. >> year. >> the biggest. >> target, of course, was china. >> so this. >> is the. >> latest in basically a long running trade and tariff war

between washington and beijing. already, the trump administration had imposed a 20% tariff on china. in the first weeks of this trump administration for not doing. >> enough. >> to stem the white house said that the flow of precursors of fentanyl and now an additional 34% tariff, that's 54% imposed on china. the chinese have vowed to retaliate. they call this bullying, and the australian government, a longtime ally of the u.s., has said that this is not the actions of a friend. australia hit with a 10% tariff. phil. >> ivan watson for us in hong kong, thanks so much. now to cnn's fred pleitgen, who is in berlin. fred, how are countries in the eu responding? >> mm mm. >> hi there. ophelia. a lot of. >> european countries. >> of course. >> big trading partners of the united states, first and foremost, the germans, where i am right now, the german auto industry, of course, very well known in the united states, also produce a lot of cars in the united states as well. the

german chancellor, olaf scholz, he came out earlier today. >> and he said he. >> believes these new tariffs are a huge deal and are a big mistake by the trump administration. the germans, of course, still. >> hoping to be able to negotiate. >> some sort of deal with the americans. >> but the. >> auto industry really right now on edge as all of this is going down, of course, the automobile tariffs, 25%, and not just the 20% that have been levied on the european union. the french also lashing out at the trump administration. i want you to listen in to what french president emmanuel macron had to say. >> if the. >> response to the. >> tariffs put. >> in place by the u.s. administration is to make immediate concessions or to announce investments to get exemptions, it's a very bad idea because we have a strength. >> it's a. >> market of 450 million residents. >> that's europe. >> the eu is. 450 million consumers. it's more than the. >> u.s. market. >> and the europeans. >> certainly want to leverage

those 450 million consumers. however, at the same time, they are also saying that they are already preparing retaliatory measures. >> phil fred pleitgen for us in berlin. thank you so much. now over to cnn's paula newton, who is in toronto. paula, how are the neighbors in the north responding to what's happened here? >> phil. >> prime minister mark carney offering a strong indictment. >> of. >> the actions of the trump administration, calling all of these tariffs unjustified, but really showing a bit of restraint on the counter-tariffs there were about $60 billion worth on the table. he has now decided that it would apply only to about 25%. that would be a 25% levy on american cars coming into the united states, and only those that are not compliant with the trade deal, the usmca that the president himself negotiated. but again, as i said, his words were strong, saying that canada wanted to renegotiate everything with the united states. that's the economic deal. but also take a look at security. he specifically pointed to defense

procurement, and that will perk up ears in the united states. he's saying that right now, canada buys about 80% of everything in defense from the united states, and they will put that on the table as well. when they renegotiate. phil. >> paula newton in toronto, our correspondents around the world, thank you all with that global story ongoing as we speak, i want to bring in a pair of economic experts to try and help unpack all of this. mark zandi and gordon hansen. gordon, i want to start with you, because what's fascinating to me is you're one of three authors on kind of a seminal paper related to china that many administration officials talk about. i think scott bessent, the treasury secretary, referenced it publicly just a few weeks ago. the decision about how to move forward here and the scale of it. can you contextualize for people what this actually means? >> what it means is. >> undoing a process. >> of globalization. >> that the u.s. >> helped initiate after world war ii, and. >> we're moving. >> into a regime that doesn't look anything like the u.s. has experienced for 70 years. the

hope is that this is going to create good jobs for american workers, but it's very hard to see the logic in terms of how that will happen. >> and mark, i think that's the biggest question. i have listened intently as the administration has laid out their kind of multi-pronged. and it is it has several elements to it. it's not just tariffs. despite what the president's social media account may imply in terms of their economic planning. you know what gordon is saying there. when will we know? it's so hard to model this out. we have no idea how people are going to respond. we're not really sure how this is going to work yet in practice. when will you know? okay, this is really, really a problem. or hey, maybe they had something here. >> hey, phil, i think we got a problem. >> you see, the stock. >> market today that was down 5%. i mean, you have. to go back to the teeth of the pandemic to find that kind of a day. you just. and from the from the peak in the stock market back what, six, seven weeks ago? we're down 12%. that's six, $7 trillion in wealth that's been

wiped out. i'm sure the folks that look at their you know, stock portfolios are 401(k) plans are already getting very nervous and more cautious, and it's going to show up in spending. so i say it's here. we're not. buckle up. it's happening. and i think the cumulative effects of this are going to become very, very clear as we move forward. that is assuming there's no off ramp here that the administration can take and scale this back and cool things off. they can do that. and maybe this thing turns around. but with each passing day, i think that becomes less and less likely. >> gordon. the the idea of bringing manufacturing back in mass american jobs as you disconnect, as you noted, the kind of the end of a system that america has been a leader in for the better part of the last 5 or 6 decades. is it possible this is multiple administrations have pursued this idea. the biden administration had their way of trying to bring manufacturing back. the obama administration had their way as well. the first trump administration, obviously, as you've written about, had tariffs in their way of doing

it. is it possible? >> it's possible to bring some jobs back, but not enough to restore what i think the trump administration is trying to accomplish, and that is to take us back to 1950, when manufacturing accounted for 35% of employment in america and provided good jobs for workers without a college education, allowing them to attain the american dream. the middle class lifestyle today, manufacturing is about 9% of mexican employment. so imagine that the these tariffs are exceed well beyond any economists expectations. and we are able to increase that by 50%. you're at 13 odd percent of of american employment. you're not creating substantial numbers of good jobs. that's got to happen in services. it's got to happen in health care. it's got to happen in information technology targeted towards workers without a college degree. >> it's perspective raises a

lot of questions that many people share right now. mark zandi gordon hanson, thank you guys very much. appreciate it. well, up next, why economists question the math and the math. the trump administration used to impose these new tariffs. the one on the chart there. plus the president's top trade counselor peter navarro, will be here. we're back in a moment. >> feeling anxious? >> i don't. >> know what's going on. don't worry. put your feet up. >> don't panic. >> we can help you cope. >> it's called. >> disassociation. >> it's all on fire. >> did you not find. >> that comforting? >> have i got news. >> for you? >> saturday at nine on cnn. >> there are days. >> i feel stuck. >> in my head. even on an antidepressant, lingering. depression symptoms can. >> make it hard to break through. i wanted more from. >> my antidepressant. >> i asked. >> about vraylar. adding vraylar to an antidepressant. >> significantly reduces overall depression symptoms. >> better than. >> an antidepressant alone. >> vraylar isn't approved for elderly patients with dementia related psychosis due to

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>> economy. >> perhaps they need to call it something else. >> five good things. >> listen, wherever. >> you get your podcasts, closed captioning. >> brought to you by facebook.com. >> if you or a loved one. >> have mesothelioma, we'll. >> send you a free. >> book to answer questions. >> you may have. >> call now. >> and we'll come to you. >> 821 4000. >> so we know how the trump administration came up with the numbers on the president's tariff chart. the chart right there featured in the rose garden. but many economists, well, they've spent the last 24 hours questioning the methodology. today, trump's commerce secretary tried to explain here's his example. >> when we took cars from korea, the deal was we could sell ag to korea. that was the deal. they wouldn't let mcdonald's bring in french fries because they couldn't prove the origin of the french fry. that is not a tariff. that is called a

non-tariff trade barrier. >> so let me try and explain the math here. and we're going to actually take one country in particular. we're going to take vietnam. because when you look at the chart and you actually zero in on it, that 90% number was jarring when we were all looking at it yesterday. where did it actually come from? well, it actually came from the amount of exports vietnam sends to the united states. so how much is the united states importing from vietnam? well, 136.6 goods. how much is the united states exporting to vietnam? $113.1 billion. so those are the trade flows, right? that's where things stand. based on 2024 census data. this is the data the u.s. trade representative was using to model out the methodology here. so what was the math here? how did they get to that 90%? well, it's actually not super complicated at all. they took the total amount of exports 136.6. they subtracted 13.1 billion. that's how much the u.s. exported to vietnam, where they ended up was

123.5 billion. okay. where do we go from there? well, 123.5 divided by the overall export number. so basically you have the trade deficit of 123.5 by 136.6. where does that get you. well, it gets you to 0.9 in percentage terms. that gets you to 90%. and of course, the president made clear he wanted to cut whatever they landed on in half. so that is where we end up. but here's the real question. when you heard or listened to vietnamese officials today, vietnamese, vietnamese officials who have become a major manufacturing powerhouse for multinational companies, in large part because they're moving their operations away from china. they said, look, our most favored nation average trade rate, which not to get too far into details, but let's just use that as a top line for tariffs, not product by product. on average, applied tariff rate was 9.4%. they didn't understand how they could be at

90% cut down in half. well, let's go through this again. try and show just why. when i first looked at this chart yesterday, i said, oh wow, this than i think a lot of people were really expecting. this is the charn. china 67% discounted reciprocal tariffs 34%. european union 39% to 20%. let's push it out using again that average tariff rate based on most favored nation status. again, just the overall average, not the product by product. and you see a dramatic difference here. what were we talking about with vietnam right here 9.4%. here's why. non-tariff barriers. as you heard the commerce secretary talking about, were actually central to the investigation that led to the reciprocal tariffs that led to the 60 countries that were actually named and targeted with those tariffs. there is a through line in this administration from the first

administration of the importance of not just trying to go tariff for tariff, not matching on the actual tool itself, but going much bigger on barriers that are put in place that can't necessarily be quantified in a normal technical way. that has brought a lot of criticism from trade economists, in particular, macro economists in general. but it is important to understand how the trump administration has approached this. why are these tariffs so high? they weren't just looking at a tariff for tariff basis or even an average tariff basis. they were trying to calculate everything they believe impedes u.s. market access. and that is where they landed. with me now is president trump's senior counselor for trade and manufacturing, peter navarro. peter, you more than anybody else, has talked about non-tariff barriers, the importance of them, vietnam in particular, kind of detailing them. we have the numbers now. we know what's going into place or what already has come into place. when you talk about the floor, do we know how much revenue it will raise? how much will the u.s. bring back in because of these new tariffs? >> phil, you did such an

interesting job of running the numbers. why don't we stick with that for a minute so i can walk you through it. you did it from an intelligent, layperson's point of view. let me kind of give you the, the, the economist tools because it's based on concepts like any port and import demand elasticities, currency adjustments and things like that. but here's, here's the analytical issue we're trying to do under the principle that the president wants to charge those countries what they charge us, as you pointed out, vietnam has a tariff applied. tariff rate. it's much larger than ours, but doesn't come near the tariff we've charged them. so the question is, how do you value the following, phil? so let me count the ways you got to value currency manipulation. you got to value the vat tax distortions, dumping, export subsidies, technical barriers to trade, agricultural barriers to trade, quotas, bans,

counterfeiting, intellectual property theft, and all of that. so here's the punchline. if you look at the trade deficit, which every country runs from us, the first thing economists should tell you, ask the next one you have on your show. should the u.s. have chronic and sustained trade deficits? no. according to economic theory, they should not. so what the trade deficit does for any given country, it's the sum of all cheating. it's the sum of all unfair trade practices. and in a national emergency where the trade deficit itself is the national emergency and security threat, because it takes our factories, our jobs and transfers wealth abroad, the reciprocal tariff is that which reduces the trade deficit with each country to zero. and then we want. >> to interrupt. >> half of that. that's the method. >> no, no, i understand this actually what i want to ask you about, because it's important for people to understand, i think that when you look at the the memorandum that laid out the process to get to yesterday, on

january 20th, the in terms of trade flows, this was the deficit is a huge it's the first paragraph. it's in the first paragraph of the first directive as well. it is clearly kind of the cornerstone of how you guys are approaching this. and what i'm trying to understand here is it's a different method. i understand you don't believe trade economists understand what they're talking about. you don't believe. no, no. >> actually, actually, we used the methods of the trade economists in order to estimate what you need to go to zero in the trade deficit based on commonly accepted elasticities estimated over the last 30 years. it's a very sound methodology. i think what the study does, phil, and it tells us just how huge, huge the non-tariff barriers are. that's the problem. as bad as the higher tariffs are that these countries charge us and they're bad, india is five times higher than ours on average. they're maharaja maharaja of tariffs.

the the trade barriers, the non-tariff barriers are far worse. and you take me to any country. i was watching you go through all these countries. and you, you got like people in asia you're reporting and wow, they're shocked. hey, the president has been saying going back to the 1980s about japan is, why is it that 95% of the cars in japan are made in japan? no. peter. one of the reasons is they have a human impact test that requires us to imagine what it's like for a human skull to fall on a hood, and they simulate it with a bowling ball. we can't get the cars in there. it's any you name any country friend or foe like. and i can tell. >> you, i'm trying to actually coach this from a good faith basis and have. >> a great job. >> i know you know this. i know how you talk about this stuff often, and i want to make clear i'm not trying to skate over those issues. we just did a whole thing trying to justify it. but my point is, though, is for people who are watching this right now. yes. and i know your

frustration with how things are covered and how people view the markets on a day to day basis. what will be the sign to them that this is all working? the president says, look, it's over. we're healing right now. sure, it doesn't feel like it. and i think the endgame that you guys have laid out, which is manufacturing, comes back home in a significant way. you're redoing an entire system intentionally. that's not a quick fix. how will people know? when will they know? >> sure. i mean, this is the day after liberation day, but let's let's look at what the trajectory is. let's take the auto industry, for example. what we've essentially been turned into assembly operation. i noticed you had stellantis talking about stellantis. yeah. and look that's not it's one of the big three. it used to be chrysler. but let's face it, it's owned by fiat. and most of the engines that go into the cars that are assembled here are from italy. i mean, that's that's not an american company as, as we once knew it. so the end game here for the auto

industry is going to be to fill up all of the half empty factories that now are operating at low capacities around detroit. and the greater midwest area, where the autos are made. and then we're also going to have more, more brownfield investment where abandoned factories for parts. and the parts are, frankly, far more important than the assembly they're going to fill. and we're going to have honda and toyota and mercedes and bmw, more and more of their content is going to be here, because it has to be. and we're going to have tax breaks in the biggest tax cut in history coming in for consumers who buy american. so it's going to be a beautiful thing. and we're going to have full uaw fully supports this because they know it's going to bring jobs. so across. go ahead. >> no, i was just going to say, obviously the tax cuts debate is underway. you guys are very forceful on that and are pushing forward on that. i do want to ask, am i wrong in thinking that

when you talk about jd vance is the vice president? was kind of detailing this as well. when you're undoing a system that's been in place for as long as it has because you think it's broken, but you're you're breaking it and doing something different that other people haven't done before. that disruption by design prices will increase. is that see, see, here's what's so interesting. >> i mean, you have a guy like mark zindians saying that kind of stuff. he was he's a like a barack obama operative behind a macroeconomic forecasting thing. and he was the same guy who said, and this is why history is on our side. phil, he was the same guy who said during the first term that the china tariffs, the steel and aluminum tariffs, the solar tariffs, the dishwasher tariffs were all going to lead to inflation and recession and. >> scott bessent, the treasury secretary of the united states. said low prices is not the american dream. >> we had price stability and we had real wages rising. we had robust economic growth. so i mean, if you go through again as an economist, if you go through

the adjustment process, the foreign nations who have to sell here, who have to sell here are going to lower their prices, and then the next thing they're going to do is continue to manipulate their currency. so our currency is going to get stronger. we're going to have more purchasing power for the imports. that's going to offset it. as that's happening, the supply chains adjust and we come here. and then remember, as president trump has said often incorrectly, you don't have to pay any tariffs if you make it here. so it took decades for this to destroy america with with this globalization of our supply chain. but i have this expression i call in trump time, which was to get things done as soon as possible. and what the companies who are going to prosper. if you look at how we're going to have a bull market in stocks and we will the companies who are going to prosper the most, this is who you should be looking at, are the ones who have already begun to move their supply chains. >> it has. >> been the who have anticipated that. >> yeah, the president has made that clear that that is the pathway forward. you guys have

made clear the overarching pathway forward as well. senior trade manufacturing council, peter navarro i know it's been a busy week. thank you so much. >> great to talk to you, sir. it's enjoyable. thank you. >> well coming up, a top envoy of russian president vladimir putin is here in d.c. and will be here in the studio. i'll speak with him about the status of ceasefire negotiations between his country and ukraine. that's next. >> my happy place. >> one place i could truly be myself. >> i want. >> people to experience this beautifully diverse city. there's no other place like it. >> my happy place. >> premieres sunday. >> april 27th on cnn. >> believe me. >> when it comes to investing, you'll love. >> carl's way. >> take a left here, please. >> but there's a carl's way. >> is the best way. >> is it. >> at schwab? >> how i. >> choose to invest is up. >> to me. >> exactly. i can invest and trade. >> on my own. yes. >> and i let. >> them manage some investments for me, too. >> let's move. >> on.

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800) 651-0200. coventry direct redefining insurance. >> topping our world lead. the u.s. will not send the defense secretary, pete hegseth or another top pentagon official to the ukraine defense contact group meeting in europe for the first time since the group's founding. now, this comes as president trump attempts to move along a ceasefire agreement between russia and ukraine. remember on sunday, trump said

he was, quote, at the russian leader vladimir putin for attacking ukrainian leader volodymyr zelenskyy's credibility. now putin has a top russian envoy in washington for meetings with u.s. officials. joining us now is that russian kirill dmitriev? he's the chief executive of russia's direct investment fund. i really appreciate you coming in. just just to start, given how much i think everyone wants to know how this is actually going right now, you've been advocating for diplomacy from the the early days of the war. you say you're here in the u.s. on russian president vladimir putin's direct instruction. did you discuss next steps in this process about a ceasefire moving towards one with u.s. officials? >> well, first. >> of all. >> i think it's very important we have dialog because for a long time before there was no dialog, no attempt to understand russian position, not understand what the solution can be. secondly, i think there is already a major progress. and president trump and his administration achieved the first ever de-escalation of ukrainian conflict by having russia and ukraine agree to cease fire on energy

infrastructure hits. so that's the first de-escalation in three years. and yes, i think there is an understanding for how we can move to finalize the agreement. and there have been lots of discussion in that realm. lots of differences still remain. but i think there are several paths to try to address all of the issues, and only diplomatic solution can be possible. >> i'm interested in discussion about specific sanctions relief or taking sanctions off the scale of the sanction regime put on to russia, not just by the u.s., but really the entire western world is. there's no precedent for it. do you talk to u.s. officials saying this would be helpful? this would be something that we would appreciate? >> no, actually, not at all. because first of all, many russians believe that sanctions actually have been good to transition russia from dependance on the west. and if you look at our gdp growth, it's still 4% last year versus around 1% for europe. and our debt to gdp is 18% versus another around 100% for europe. so russian economy has done well and we don't ask for any

sanction relief. i think what we see is that some u.s. businesses want to go back. and if they want, if they want, as part of going back to have some sanctions relief, i think that is a good move to be done. but it's a good move for america. so i think at this point we are not asking for any sanction relief. we are just discussing that if america wants to have more business with russia. and by the way, there are 150 american companies still in russia, with 70% of them doing business for more than 25 years. then of course, us can do so. >> why the american people, i think right now are rightly skeptical of the process that whether there will be an outcome, i guess, would be the way i would frame it. why should they believe it will get there? you've been involved. you've been telling people this was the only way it could end since the beginning. why should they trust where this is going? >> well, first of all, i think there is already some progress. as i mentioned, this infrastructure a hit on energy, cease-fire on that. and then secondly, i think there is

already progress on some trust building measures. you know, there were some prisoners exchanged and there is a discussion of what the end game can be. and really, prior to that, some people were advocating solutions they knew were not possible. so there was focus to take a position that is not a real solution and to say, do this, do this, knowing that's not possible. i think with trump administration, we are now in a realm of thinking about what is possible, what can really work, and how we can find a long term solution. and i think long term solution is what is needed, because we are also thinking about global security, how to make sure that russian security concerns are taken into account. but obviously the trump administration wants ukraine to be strong in all of the discussions. they make sure that ukraine has a strong negotiating position, and that's been their consistent messaging. >> before i let you go, steve witkoff, who's been kind of the point person for the u.s. here? it was striking on january 20th when we realized that he was in

the process of getting out a u.s. prisoner. and when he came back, he pointed specifically to you. how did you connect with steve witkoff? how did this become a kind of the relationship? >> well, i think we worked quite a bit on marc fogel, and i think that was a very important example of how we can have trust and how we can have positive solutions. and secondly, also saudi arabia played an important role because we've been investing with saudi arabia for a long time, and saudi have been helping with some of the discussions between the u.s. and russia. so really lots of trust between u.s. and saudi. saudi and the u.s. were important. and secondly, i think steve has been really focused on solutions, and we know that, you know, this is very important. and rather than coming and saying this, what needs to be done, he was really trying to ask questions and trying to understand what the solution space can be. and because of that, i think lots of progress has been made. >> we certainly will all be watching. the world is watching at this point in time. russian envoy kirill dmitriev really appreciate you coming on. thank you sir. well, up ahead, the president's meeting with a far

right activist that apparently led to the staffers on the national security council, at least a couple of them being fired. cnn's kaitlan collins has reporting that's next. >> she's a woman who prosecutors. >> say pretended to. >> be. >> a wealthy. >> german heiress. >> it doesn't sound like you really regret what you did. it wasn't a victimless crime, right? i mean, you took advantage of people. >> united states of scandal with jake tapper sunday at 9:00 on cnn. >> it's halftime. time to hit the bathroom. >> shower. >> it works. >> got two more. >> upstairs. >> and the bedrooms. >> i don't know what goes on in there. >> and the living room. >> it's a hangout house. that's why i. >> move in. >> and get an offer on your house. selling your home to open door is so easy. you can do it during half time. get started at. opendoor comm.

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seekers. at capitas, we finance small businesses. >> welcome back. >> have i got news for you? news saturday on cnn. >> now to our politics lead. three national security council staffers have been fired. and sources tell cnn their terminations are tied to right wing activist laura loomer, who was at the white house yesterday and met with president trump. cnn's kaitlan collins has the reporting. caitlin, you got it. i saw the headline. you have to explain what exactly happened here. >> i mean, i think some of these staffers and people inside the west wing are even kind of asking themselves that because we spotted laura loomer at the white house, and i had heard from people that she was inside the west wing. we knew she had a

meeting with president trump in the oval office. and now, obviously, we're seeing the ramifications of that because basically, just to put. >> in perspective. >> she's been asking people and complaining that she's not getting access to the president and access to the west wing and to the white house. >> or to the. >> press briefing. so she was finally granted this meeting yesterday. she brought in a list of people with her. it was probably 12 or so people. and she made the case to the president that she doesn't think they're loyal to him, or that their views align with his agenda, essentially arguing they call them neocons. they have more hawkish foreign policy views, as they were saying. but clearly this message resonated with the president, who was in the oval office. he actually just met with mike wallace, the national security adviser, the staff, the boss of these staffers. mike waltz, i was told, stayed behind in this meeting. as the new york times first reported. he made the case and defended his staff, but he doesn't really have a ton of standing to do so because of of signal gate, of course. and he's actually traveling with the president right now to florida. and we heard from president trump himself on the plane just now confirming that, yes, these people were fired.

>> laura loomer is a very good patriot. she is a very. >> strong person. >> and i saw her yesterday. >> for a little while. >> she has she makes recommendations. >> of things. >> and people. >> and sometimes i. >> listen to those recommendations like i do with everybody. i listen. to everybody. and then i make a decision. always we're going to let go of people. >> people that we. >> don't like or people that we don't think can do the job. >> or people that may have. >> loyalties to somebody else. >> now, the president told reporters that laura loomer did not instruct him or tell him to fire anyone. that is not what our reporting shows, that she actually made the case for for getting rid of multiple people, including mike waltz deputy, who is still there. he has not been fired as of what we heard just a few hours ago. but for people who don't know who laura loomer is, she is this far right activist. she spreads a lot of conspiracies. she once referenced the nine over 11, was an inside job, and then trump took her to the 9/11 memorial. but she obviously has a lot of influence with the president

himself. she was a huge ally of his, a very vicious online defender of his during the campaign, and has clearly been still trying to seek that access now that he's more walled off because he's in the white house. but it shows. we asked who who it was that cleared her into the white house, because you have to give secret service or social security number your birthday. all of these things to to come in. no one has yet said who it was that granted her access. but certainly some staffers have tried to wall her off from the president. >> the best part about this conversation of the 80 layers i have questions about is we're going to watch you talk more about it. i hope, tonight because there is so much in here. kaitlan collins, great reporting as always, my friend. and seriously, caitlin, we'll have much more tonight on her show. the source tonight at 9:00 eastern here on cnn. next, the big announcement from new york city mayor eric adams today, one day after a judge dropped corruption charges against him.

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independent in a city like new york? >> phil. >> there's only. one reason why a candidate would do that, and that is because they don't think they can win the democratic primary. now, democrats here in new york city outnumber republicans by wide margins, 6 to 1. but for the last several months, mayor eric adams hasn't been able to campaign, he says, because of the federal indictment that was hanging over his head. now, as you said, a judge cleared him in that case yesterday. and today he announced that he is running for reelection, which he has said he would do. but today he made it clear he's going to do so as an independent. now, the mayor says that this is not about political parties, that people don't care or new yorkers don't care what political party you are a part of that they want someone who can manage the city. the problem he has is that there are several democrats who are running for the democratic primary nomination, including former governor andrew cuomo, who is

dominating in most polls. and he has a short amount of time from now until november, which is when the general election will be held. to mount this campaign. now, this has been done before. former mayor michael bloomberg ran as an independent and a republican, but he spent millions of dollars of his own fortune to do that. it is extremely difficult. and again, democrats here in new york city dominate whoever wins the democratic primary is usually expected to win the general election. phil. >> gloria pazmino, thanks so much. well, president trump just landed in florida. what he said about the world's reaction to his massive tariffs. we'll have it. stay with us. >> she's a woman who. >> prosecutors say pretended to be a wealthy german heiress. >> it doesn't sound like you really regret what you did. it wasn't a victimless crime. right. i mean, you took advantage of people. >> united states of scandal with jake tapper sunday at nine on cnn.

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>> the reason. >> welcome back. >> have i got news for you? news saturday on cnn. >> welcome to lead i'm phil mattingly in for jake tapper this hour. an absolutely brutal day in the stock market. threats from some of america's closest allies. and now a new assessment of how close we could be to a recession. this is all the fallout from president trump's new sweeping tariffs. it's here and it's not pretty. but how will it actually affect your family and how soon? plus, millions of americans are at risk for severe weather tonight from tornadoes and a once in a generation flooding. just as we're starting to get a look at the devastation from last night's tornado outbreak decimated communities, just starting to pick up the pieces and a dramatic escalation in federal court today, as a judge says he's now deciding whether to hold trump officials in contempt for violating his orders over deportation flights. how soon could he rule? and what happens then? tonight, trump's tariffs spark an unprecedented

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