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Trump doubles steel and aluminium tariffs and threatens China and its ‘shoddy' exports in latest trade war escalation

Trump doubles steel and aluminium tariffs and threatens China and its ‘shoddy' exports in latest trade war escalation

Scottish Suna day ago

STEELY DON Trump doubles steel and aluminium tariffs and threatens China and its 'shoddy' exports in latest trade war escalation
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DONALD Trump has announced he will double the tariffs on steel and aluminium imports to 50 per cent in his latest trade war escalation.
It comes after the president's blistering global tariffs were reinstated by a federal appeals court - just a day after they were ruled illegal and sensationally blocked.
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The US President held up a chart of the tariffs he was implementing
Credit: AFP
While addressing workers at a US Steel plant in Pennsylvania, Trump said: "We're going to bring it from 25 per cent to 50 per cent, the tariffs on steel into the United States of America.
"Nobody's going to get around that."
Shortly after, Trump wrote in a Truth Social post that the elevated rate would also apply to aluminum, with the new tariffs "effective Wednesday, June 4th."
Trump has imposed sweeping tariffs on allies and adversaries alike in moves that have rocked the world trade order.
But they became a brief legal setback earlier this week when a court ruled Trump had overstepped his authority.
However, an appellate court on Thursday said the tariffs could continue while the litigation moves forward.
The Court of Appeals released no official reasoning for the shifting decision.
The reinstating of many of the sweeping taxes mean Trump can continue collecting tariffs under emergency powers law for the time being.
Trump has always said he will appeal and take the fight all the way to the Supreme Court.
Trump memorably held up a board showing rates he was about to set for individual trading partners in the White House's Rose Garden when he announced the tariffs as part of a "liberation day".
China was clobbered with 34 per cent tariffs, Vietnam 46 per cent, Thailand 36 per cent and Cambodia 49 per cent.
Tariffs on China were eventually increased to a whopping 145 per cent as Trump sought to begin negotiations.
Washington and Beijing then signed a trade deal agreement, which Trump has now said was violated by China.
More to follow... For the latest news on this story, keep checking back at The U.S. Sun, your go-to destination for the best celebrity news, sports news, real-life stories, jaw-dropping pictures, and must-see videos.
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But, I can tell you that President Trump is laser-focused on two primary things: delivering on his campaign promises and the America First agenda. Which is what a record number of, you know, 77 million voters, popular votes, requested and demanded and gave us a mandate to do. But, he's also concerned, as I am, as Ron Johnson is, as Rand Paul is, as all of us are, about the nation's debt. And he and I talk about this frequently. And he is excited about changing that trajectory. President Trump, I think, could be the most consequential president of the modern era because he has these opportunities to do these big things. The One Big Beautiful Bill is a big first step to provide relief for the American people, to give everybody more take-home pay, more money in their pocket, and to change the trajectory of the country. And again, it's the first of a number of steps. And President Trump is committed to doing this. KRISTEN WELKER: Mr. Speaker, the Joint Committee on Taxation, the Committee for a Responsible Federal Budget, the Tax Foundation, the Penn Wharton Budget Model all say this will add trillions of dollars to the deficit. Are you really telling the American people this will not add one penny to the debt and deficit? You can guarantee that? SPEAKER MIKE JOHNSON: I – I am telling you, this is going to reduce the deficit. I mean, you cite some of these figures. Do you know what their economic growth projections are? The Committee for a Responsible Budgeting, they're not even – I don't think they're assuming any economic growth. I mean, that's not realistic. A lot of these groups use what they call static scoring and not dynamic scoring. Dynamic scoring, in layman's terms, is reality. That we are going to spur on tremendous economic growth here. And so you're going to have a higher job participation number in the economy. You're going to have higher wages. 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All we're requiring in the legislation is 20 hours a week. You can volunteer in your community, you can be in a job training program, or you can get to work. And this is my message to young men around the country who are taking advantage of the system. It is abusing the system. We're going to fix that. And I'm telling you, that is a very popular thing among the American people because it comports with common sense. KRISTEN WELKER: Well, let's talk about that 4.8 million number. That is a CBO number, by the way, which estimates how many people would lose Medicaid if this bill were to go into law. The CBA, CBO – SPEAKER MIKE JOHNSON: No, no, wait, wait. Hold on -- KRISTEN WELKER: Hold on, hold on. SPEAKER MIKE JOHNSON: Kristen, they don't -- KRISTEN WELKER: Let me make my point, and then I'll let you make your point. I think it's important to point out, the CBO is not saying specifically those 4.8 million are engaging in fraud. 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And the people who are complaining that these people are going to lose their coverage because they can't fulfill their paperwork, this is minor enforcement of this policy, and it follows common sense. When people work, when able-bodied young men work, it's good for them, for their dignity, their purpose. And it's good for the community they're in. If you can't find a job, then volunteer in your community for 20 hours and you will meet the requirement. That is a basic, minimal standard. KRISTEN WELKER: Very quickly, because we're almost out of time. Mr. Speaker, do you have any actual evidence that these people that you refer to are engaging in fraud? SPEAKER MIKE JOHNSON: There is a tremendous amount of fraud in Medicaid. It's undisputed. Tens of billions of dollars every year are lost in fraud to Medicaid. So there's another category of people, 1.2 million, that are totally ineligible to be on the program. 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I'm asking you about something that President Trump himself had floated the idea of. It is estimated that if the bill becomes law the top 10% of households would see an increase in resources, but the bottom 10% would see a decrease in resources. Why are you comfortable with that? SPEAKER MIKE JOHNSON: No, that's not – no, that's simply not – I'm not comfortable with that. It is not true. Look at the actual facts of the tax cuts that we're extending. The Tax Cuts and Jobs Act, again, from 2017, the people that benefited most from that were the lowest income Americans. It was households that made between $20,000, $30,000 a year annually. They had the biggest benefit from the TCJA. Also, the people that make $40,000 or less had their best tax benefits in over 40 years. Go back and look at the statistics. So, what we're doing right now is by making all those tax cuts permanent, we're preventing the largest tax increase in U.S. history. Kristen, if we don't get this bill passed, every American is going to receive the largest tax increase in the history of our country at the end of this year when the TCJA expires. Don't forget that. We have to extend it, and this is the vehicle to do it. KRISTEN WELKER: Bottom line, Mr. Speaker. You all had set a July 4th deadline to get all of this passed. Are you confident you can meet that July 4th deadline? SPEAKER MIKE JOHNSON: Yeah, they've always discounted us. I mean, I said I would do it out of the House before Memorial Day, and I was laughed at when I said that back early part of the year. But we beat it by four days, okay? We're going to get this done, the sooner the better. Because all these extraordinary benefits that we're talking about have to happen as soon as possible. And I'm convinced that the Senate will do it, do the right thing, send it back to us. We're going to get it to the president's desk, and he's going to have a – we're all going to have a glorious celebration on Independence Day, by July 4th when he gets this signed into law. KRISTEN WELKER: All right. Well, we're going to be tracking it very closely. Speaker Mike Johnson, thank you so much for being here to talk about it. Really appreciate it. SPEAKER MIKE JOHNSON: Great to be with you. Thanks, Kristen. KRISTEN WELKER: Great to have you. When we come back, Democratic Senator Raphael Warnock of Georgia joins me next. KRISTEN WELKER: Welcome back. And joining me now is Democratic Senator Raphael Warnock of Georgia. He's the author of a new children's book, We're in This Together: Leo's Lunch Box, a story about sharing. Senator Warnock, welcome back to Meet The Press. SEN. RAPHAEL WARNOCK: Good morning. Great to be here with you on my way to church. KRISTEN WELKER: Well, thank you for stopping by. I know church is the highest priority. But thank you for making us a priority as well. We appreciate it. Let's start right off where I was talking with the speaker. One of the big issues in what is now officially called the "Big Beautiful Bill Act" is, of course, Medicaid. And he makes the argument people should have to work in order to get Medicaid benefits. What's wrong with that argument? Why shouldn't people have to go to work in order to get Medicaid? SEN. RAPHAEL WARNOCK: Good morning again to you and your audience. Listen, I am a big advocate for work. I have a fierce work ethic. It was something passed on to me by my late father who was a preacher and a junk man. And every day, you know, he was picking up old junk cars to feed our family. And on Sunday morning, the man who picked up cars that had been thrown away, picked up people who had been thrown away. And this is what this legislation does, that they're to trying to do. They're going to throw poor people away. I believe in work. And I recently released a study in Georgia that shows that this work reporting requirement, because that's what we're talking about, not work requirements, work reporting requirements is very good at kicking people off of their health care. It's not good at incentivizing work at all. There's something wrong-headed about this kind of view of poor people, of working class people, that somehow they don't want to go to work. We have seen this failed experiment in Georgia. We've got over a half million people in Georgia who are in the health care coverage gap. They are largely the working poor. The governor has put a program in place. He calls it Prosperity to Coverage, or Pathways to Coverage. He ought to call it pathways or blockages to coverage. Because they've only enrolled about 7,000 people. That's pathetic. And the data clearly shows that if you want to get people to work, the way to do that is to provide them just basic health care so that they don't get sick. And what they're trying to do now is take this terrible experiment in Georgia, force it on the whole nation. And what we will see as a result of that is a workforce that is sicker and poorer and an economy that's weaker. KRISTEN WELKER: And we should note actually that Georgia is the only state right now with work requirements. I want to move on to another aspect of this bill. The bill allocates nearly $150 billion towards border security and immigration. Under the second Trump administration, border crossings are at some of their lowest levels ever recorded. Given that most voters, Senator, say that this is a top issue, do you support the measures in this bill that would strengthen the border and border security? SEN. RAPHAEL WARNOCK: Listen, I support strong borders. And we don't want to see people who are criminals, who are committing awful acts, allowed into our country. But what we need is common sense immigration laws in our country. What we are witnessing right now here in the State of Georgia, for example, a young college student who was doing well, has been here most of her life. She was accidentally picked up in a traffic stop. As it turns out, the police had it all wrong. They had the wrong person. But because of these Draconian movements that we're seeing, this kind of singling out and "othering" people, this college student found herself in the grips of ICE. And now she's trying to navigate her way through the system. I don't believe that the people who voted for me and the people who voted for Donald Trump intended for this young woman, who is a bright young woman already contributing to our society, to be caught up in the clutches of our immigration system. This is the politics of fear and division and distraction. And it's because they know that their agenda, their economic agenda is not working. KRISTEN WELKER: And just yes or no: do you support the provisions that would strengthen border security? Or are you a no on this entire bill? Just yes or no -- SEN. RAPHAEL WARNOCK: Listen, I supported a bipartisan bill last year that would have strengthened our border. It was largely a bill focused on giving our border patrol the things that they needed. And the Republicans decided to kill it in order to put Donald Trump in office. KRISTEN WELKER: All right. Let me talk to you now about the state of the Democratic Party. As you know there's been a lot of focus on former President Biden, the state of his health in the waning days of the campaign. I want to read you a statement from one of former Vice President Kamala Harris's senior campaign advisors, David Plouffe. This is from the new book 'Original Sin' which takes a look at Biden's 2024 campaign. Plouffe says, "If Biden had decided in 2023 to drop out, we would have had a robust primary. Whitmer, Pritzker, Newsom, Buttigieg, Harris, and Klobuchar would have run. "Warnock and Shapiro would have kicked the tires. Maybe Mark Cuban or a business person of some sort. Twenty percent of governors and thirty percent of senators would have thought about it. We would have been eminently stronger." You were name-checked there, Senator. So I have to give you a chance to respond. Would the Democratic Party have been stronger had President Biden dropped out of the racer or not run at all? SEN. RAPHAEL WARNOCK: Kristen, here is what we absolutely know about last year's election. It's over. And I'm going to spend all of my energy focused on the task in front of us. We are headed into a very critical week. The Republicans are trying to push forward this big ugly bill that's going to literally cut as many as 7 million Americans off of their health care. It is a drag not only on their health care, it's a drag on the American economy. They want to cut some $290 billion out of SNAP. This is an unfunded mandate at a time when Donald Trump's tariff tax is literally raising the cost of groceries. And so I've got my sleeves rolled up and in front of me is the American people, the people of Georgia. I'm doing everything I can to save them from Trump's big ugly bill. KRISTEN WELKER: All right. I didn't hear a direct answer to the question there. But we do need to keep moving because we've got-- SEN. RAPHAEL WARNOCK: Well, I take very seriously my job. The people of Georgia hired me to stand up for them. And this really is a critical week. KRISTEN WELKER: Ya. SEN. RAPHAEL WARNOCK: This big ugly bill is going to strip people of their health care. It's going to rob working class people of the resources that they need. They're literally trying to take health care from children. Here's a proposal. KRISTEN WELKER: Sen-- SEN. RAPHAEL WARNOCK: How about allow the tax cuts to expire for people making over $500,000 a year? If they did that, they wouldn't have to have these Draconian SNAP cuts and cuts on health care. KRISTEN WELKER: All right, let's talk about right now Maryland Governor Wes Moore speaking to South Carolina Democrats at a fundraiser on Friday. He gave this call to action to the party. Take a look. [START TAPE] GOVERNOR WES MOORE: Let's be clear. We can and we must condemn Donald Trump's reckless actions. But we will be foolish not to learn from his impatience. If he can do so much bad in such a small amount of time, why can't we do such good? Now is the time for us to be impatient too. [END TAPE] KRISTEN WELKER: Senator, is Governor Moore right that Democrats need to take a lesson from Donald Trump and show more urgency? SEN. RAPHAEL WARNOCK: Listen, I'll take my lessons from Martin Luther King Jr., who said 'that the time is always right to do what's right', who talked about the fierce urgency of now. And that's why I'm laser-focused on doing everything I can for the people of my state, particularly children. You're looking at somebody who grew up in public housing, the 11th of 12 children. But through good government programs, Pell Grants and low interest student loans, because of Head Start which the Republicans want to cut, you're looking at someone who's the first college graduate in his family, the 11th of 12 children who's now a United States Senator. I'll tell you what keeps me up at night. It'd be harder for me to do right now what I did as that 17-year-old kid all those years ago. That is an indictment on this moment. That's an indictment on our leadership. And what the Republicans want to do this week will take us further back in the wrong direction, which is why I'm going to do everything I can, not only to save us from this awful bill, but to put forward programs like workforce development programs so that our children can find that their wings for their dreams. I want to do everything that I can for working class people. KRISTEN WELKER: Senator Raphael Warnock, thank you for stopping by on your way to church. We really appreciate it. SEN. RAPHAEL WARNOCK: God bless you. Keep the faith. KRISTEN WELKER: And you. Thank you, Senator. When we come back, President Trump lashes out at the courts for blocking his agenda. His frustration boiling over at some of his own judicial appointments. The panel is next. ANNOUNCER: To learn more about the books featured on Meet the Press. Go to You'll also find new releases on history, biography, and more. NBC News receives a commission for sales made through our website. KRISTEN WELKER: Welcome back. The panel is here. NBC News Chief Justice and National Affairs Correspondent Kelly O'Donnell, Jonathan Martin, politics bureau chief and senior political columnist at POLITICO, former Secretary of Homeland Security Jeh Johnson, and Lanhee Chen, a fellow at the Hoover Institution at Stanford University. Thanks to all of you for being here. Kelly, the first time I've gotten to announce your new role. KELLY O'DONNELL: Thank you so much. KRISTEN WELKER: Congratulations. JONATHAN MARTIN: Here, here. KRISTEN WELKER: Yes. You have worn many hats here at NBC. And one of them is that you've covered the Congress as well. Here we are watching the evolution of what is now called the "Big Beautiful Bill Act." Speaker Johnson saying to his Senate Republican colleagues, "Please don't make a lot of changes." Is that realistic? What are you watching for at this point? KELLY O'DONNELL: Well, it's more than 1,000 pages. And senators will want to put their imprint on it. And Republican senators, a few, are already publicly against this. Josh Hawley of Missouri says, "It is morally wrong and politically suicidal to cut Medicaid." His state, Missouri, more than 20% of his constituents are using Medicaid and other programs that are vulnerable in this bill. So you get where he's coming from. They will want to debate this, its issues of deficits and its issues of programs. And they know they will have to run on this. And so they'll be held accountable. KRISTEN WELKER: Jonathan, Kelly lays out the complications so well. And the complications are around messaging. Senator Joni Ernst in that town hall – JONATHAN MARTIN: Yeah. KRISTEN WELKER: – that extraordinary moment where she's asked by one of her constituents, "Will people die because of this, because of all the changes to Medicaid?" And she says, "We all die." I mean, politically, it's somewhat problematic. JONATHAN MARTIN: Yeah. Two things from that moment, one macro, one micro. The macro being that this is the culture now of – of our politics in which you commit a gaffe like that. In a previous era, you would walk it back or just hope it would go away. The culture now, especially this sort of Trumpian ethos is, you double down. You do a sort of rhetorical middle finger. And you say, "I'm not – I'm not going to apologize." And here's the problem with that. It works for Trump. It doesn't necessarily work for everybody. And so that – that, that video that she put out A), it's not her, number one. But B) it just extends the story for 24 more hours. On the micro of the politics of this moment, I think it also highlights what is the worst part of this bill for the Republican Party which is I think even more than the tax deficit issue, throwing folks off Medicaid. It's a – it's a ready-made gift for Democratic ads in 2026. KRISTEN WELKER: You take me to my next point. Lanhee, you heard the speaker very adamantly there say, 'There are no cuts.' President Trump has said to me he's not cutting Medicaid. Is this an issue of semantics? Because the CBO says 8 million people are going to lose their health care. LANHEE CHEN: Well, I – I think it's where the policy and the politics don't agree. The policy with respect to Medicaid, there's no question that you have a fair number of issues around who's qualified. The fraud and abuse situation is real. There are questions about whether the program is effectively serving people who are on it. The politics are tough certainly for swing state Republicans. Democrats have already indicated that they want to use this as a campaign issue. So I think this is one of those where the right policy is in the bill. The politics are a little bit more tricky. KRISTEN WELKER: Well, Jeh, you heard Senator Warnock came out swinging against Medicaid – he's from the only state that actually has work requirements. Democrats don't have a lot of power because this is going to be something that Republicans do without Democrats. And yet their messaging is what they're going to be leaning into. JEH JOHNSON: So I heard you go back and forth with the speaker about CBO scoring, the deficit, the national debt. You know, with all of the efforts to fire people, lay people off, what's the point of increased efficiency if at the same time Congress is pushing through into law something that's going to enlarge the deficit? A point that needs to be stressed is that 30% of our national debt is foreign-owned. That in and of itself in my judgment is a national security issue. KRISTEN WELKER: Well, the speaker himself has called the debt and deficit a national security issue as well. I want to shift to what we're hearing from former President Biden this week, who's really speaking out for the first time since his cancer diagnosis. And of course everyone wishing him well in the face of this fight. But here is what he had to say when he was pressed on potential Democratic challengers during the 2024 election. Take a look. [BEGIN TAPE] INTERVIEWER: And there's also been a lot of discussion recently about your mental and physical capabilities while you were in office. PRESIDENT JOE BIDEN: You can see that. I'm mentally incompetent, and I can't walk, and I can beat the hell out of both of them. INTERVIEWER: Do you want to reply to any of those reports and also to the fact that there are some Democrats who are now questioning whether you should have run for reelection in the first place? PRESIDENT JOE BIDEN: Why didn't they run against me then? Because I would've beaten them. [END TAPE] KRISTEN WELKER: He says, "Why didn't these Democrats run against me? I would've beaten them." That's a feisty former President Biden, Kelly O. KELLY O'DONNELL: That is very Joe Biden. The – the sarcasm that doesn't always translate if you're not actually seeing the moment. If you read it in print, that can be more problematic. He is fixed on the political data point that he is the only Democrat who beats Donald Trump. That is true. What he has not really moved toward is assessing that he's also a Democrat who is in charge of the party when Donald Trump came back to power. Maybe, because he's under a great deal of pressure personally and politically, he will evolve to a point where he speaks about that more directly. But for now, he is still saying he was the best positioned, and judgment is changing. KRISTEN WELKER: Yeah. I mean, J Mart, you have these comments against the backdrop of some potential 2028 hopefuls gathering in South Carolina. We're starting to see people dip their toe into these waters – JONATHAN MARTIN: Yeah, I've noticed that too. I know. JEH JOHNSON: It's early. Early. KELLY O'DONNELL: Lots of wet toes. JONATHAN MARTIN: Look, nobody ran against him in part because he changed the calendar personally to make South Carolina first and take away New Hampshire's tradition. But also nobody ran against him because there was a failing in the Democratic Party to speak out about the truth that was in front of their face, which is they knew he – he was going to have a challenge asking for four more years but nobody wanted to raise their hand and say it first. And I think Democrats did themselves a grave disservice to that. Just real fast, this next election is going to be the first time in 44 years there has not been a Biden or a Clinton on the ballot – KRISTEN WELKER: Wow. JONATHAN MARTIN: – on the ballot or looming over the election going back to 1984. So this is going to be a generation turn, I think, among Democrats. KRISTEN WELKER: So where do Democrats go from here, Jeh? JEH JOHNSON: The Democratic Party unfortunately is perceived by many as a party of identity politics, open borders, and political correctness. If I were in charge, I would survey as many people as possible who voted for first Bernie Sanders and then Donald Trump to find out what their issues are and what they really care about. And I think that's the key. KRISTEN WELKER: That intersection may just be the key to winning this next election. LANHEE CHEN: I – I think Jeh's really hit on something, which is: What is the affirmative message? What do you actually stand for beyond those things that people think you stand for? And I think part of the challenge is there is going to be an opportunity for fresh energy. There probably is an opportunity for fresh ideas, too, because the ideas that have been batted around frankly are - are largely retreads. And I think the Democratic Party is not going to be successful until it actually has an affirmative policy agenda, which it doesn't appear to me now that they have. KRISTEN WELKER: Okay, all right. Stay with us. We have a lot more to get to. But first, when we come back, the escalating war between the Trump administration and Harvard University. We'll delve into all of it. Our Meet the Press Minute is next. KRISTEN WELKER: Welcome back. The Trump administration's fight with Harvard University is escalating and is now playing out in court. A federal judge temporarily blocked President Trump's effort to ban the university from enrolling international students after Harvard refused to comply. Back in 1957, Harvard President Nathan Pusey joined Meet the Press and defended the principle of academic freedom. [START TAPE] NATHAN PUSEY: People are inclined to think that when we talk about academic freedom we are claiming some kind of privilege or license even for members of college faculties. This isn't the point at all. Academic freedom is properly viewed as a responsibility placed upon college and university faculties. Their job in society is to be critical, to raise questions, to try to find new answers, to see things in new ways. And if they are not free to pursue their researches and then under responsibility to report what they find – whatever popular opinion at the moment may be – then they don't serve the country. [END TAPE] KRISTEN WELKER: And when we come back, Elon Musk heads for the exits after 130 days serving in the Trump administration. What's next for his cost-cutting efforts? We have much more with the panel next. KRISTEN WELKER: Welcome back. The panel is still with us. Kelly, let's talk about this big fight between the Trump administration and Harvard University. The Trump administration, among other things, trying to block Harvard from admitting international students. A court gave Harvard a big win at the end of the week, but this is far from over. It could go to the Supreme Court. KELLY O'DONNELL: And the Trump administration, the president in particular, seems to have a whole menu of ways it can go after Harvard. And now, he's sort of appointing himself admissions director for Harvard, talking about more than 30% of international students attend, and he thinks that's too high. So the more they ratchet up their resistance to his attempts to intrude on a private university, the more he comes up with or his administration comes up with ways to fight it. KRISTEN WELKER: And, Jeh, let me turn to you because you're actually a co-chair of the board of trustees at Columbia University. How do you see these -- JEH JOHNSON: I am. KRISTEN WELKER: – battles playing out? JEH JOHNSON: No private university should want to be involved in protracted litigation against the government or to have its federal grant money suspended. People need to understand that federal grant money to higher education is – much of it is for medical research, science research dedicated to combating cancer, diabetes, dementia. This is – this is federal grant money that benefits all Americans. And much is at stake right now. Speaking for myself – and I think I speak for Columbia and a lot of other higher ed institutions – we're committed to combating antisemitism on campus as a legal matter and as a moral imperative. I know I'm personally committed to that, as are many of my colleagues on the Columbia board. And we're going to do our absolute best to deal with this issue with or without the government. KRISTEN WELKER: Lanhee, this is – I mean, just picking up on what Jeh just said, this is really one of the defining issues of the Trump administration, this battle with higher education. LANHEE CHEN: Well, look. Institutions have talked about battling antisemitism. They've talked about promoting viewpoint diversity. I think the challenge is that the institutions actually have to put their money where their mouth is. I think they actually have to do and execute against an agenda that really promotes those values: battling antisemitism, ensuring that there's a diversity of views. I think it's one thing to say that; it's another thing to do it. And I think until institutions do more and actually demonstrate they're doing more, you're going to continue to have this pressure from the administration. JONATHAN MARTIN: The politics of bashing Harvard are pretty obvious, right? That's a win for any conservative administration. But let's talk brass tacks here. This is a competitive advantage question. If we, the U.S., are going to let the best and the brightest around the world go to Oxford or Cambridge instead of come to Harvard, Berkeley, Stanford, MIT, we're giving away future advantages in technology, innovation, science, you name it. Why on earth would we do that, give away to our allies and our competitors all of these kids who are going to be writing the future of the world? KRISTEN WELKER: One -- KELLY O'DONNELL: The president talks about wanting more money to trade schools, which many people support. But that is not the place where that kind of innovation or medical advancement takes place. KRISTEN WELKER: It's one of those most extraordinary aspects of the Trump administration that we're covering right now. Another extraordinary thing that we watch is of course Elon Musk, his role, his attempts to really try to gut parts of the federal government. He had promised he would find $2 trillion in savings. He left on Friday. A lot of people noted he had a black eye. He said his five-year-old gave him that. But he didn't come close to reaching that $2 trillion. Instead, it's something like $100 million. Do Republicans see what Elon Musk did as a success, Lanhee? LANHEE CHEN: I think that he set the agenda around reducing the size of government in a way that Republicans should appreciate. Now, the actual results, that's a different issue. But the fact that we're having a conversation -- by the way, deficits and debt, I guess it's cool to talk about those things again. It hasn't been in over a decade. And I think DOGE helped to fuel that conversation in some ways. KRISTEN WELKER: Jeh, as someone who's run an agency, I mean, what's the impact here? JEH JOHNSON: You can't reduce the size of government in two months or three months. There is a smart way to try to do this. OMB develops a plan, submits it to Congress. Congress endorses it, amends it, whatever. But it's not something that could be done in a very compressed period of time. There is a smart way to try to reduce the size of government and improve efficiency. KRISTEN WELKER: JMart, one of the notable things from President Trump's farewell to Elon Musk – which did take place in the Oval Office – was he gave him a key. He said, "You're leaving, but you're going to stay close." How do you see this relationship evolving? JONATHAN MARTIN: Well, the Trump staff may change the locks to keep him out of OEOB here for the next few years. Look, I think it was largely symbolic in nature because of the very fact that if you don't touch debt service, defense and entitlement, you're not going to make any kind of a bite into the deficit. And so you're talking about discretionary spending, which maybe sounds good on paper. But, look, this is not a new story. You know, folks like John McCain talked about earmarks, famously, and going back to the golden police award. So you can fight at the margins. But if you're not talking about defense and entitlements, you're not going to make any progress. And Donald Trump has remade his party into a party, Lanhee, where you can't talk about addressing entitlements in a serious way. LANHEE CHEN: I mean, you're right. We have to address entitlements if we really want to get to the fundamental issue. But you've got to start somewhere, right? You've got to start somewhere. KRISTEN WELKER: Kelly, with the final 20 seconds that we have left, do you think that he will continue to be an advisor to President Trump? KELLY O'DONNELL: Well, Musk was like a house flipper on demo day. But now, now – he will be one phone call away. And we know the last voice in the president's ear is often influential. KRISTEN WELKER: Really great -- JONATHAN MARTIN: His money is crucial for the midterms, too, by the way. The party needs his money. KRISTEN WELKER: He'll be ready for that. All right. Guys, thank you for a great conversation. That is all for today. Thank you so much for watching. Make sure to tune in to NBC News tomorrow evening. My friend and colleague Tom Llamas debuts as the new anchor of Nightly News. Tom, we'll be cheering you on. And of course we'll be back next week because if it's Sunday it's Meet the Press.

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