Full transcript of
On this “Face the Nation with Margaret Brennan” broadcast, moderated by Margaret Brennan:
- U.S. commerce consultant Jamieson Greer
- Neel Kashkari, the president of the Federal Reserve Financial institution of Minneapolis
- Anthony Salvanto, CBS Information director of elections and surveys
- Rep. Ro Khanna, Democrat of California
- Dr. Peter Marks, former head of FDA’s Middle for Biologics Analysis and Analysis
Click on right here to browse full transcripts from 2025 of “Face the Nation with Margaret Brennan.”
MARGARET BRENNAN: I am Margaret Brennan in Washington.
And this week on Face the Nation: President Trump’s multifront commerce conflict whipsaws markets, and China fires again. What’s subsequent, because the world’s two greatest financial powers conflict?
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ANNOUNCER: The forty seventh president of the US!
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MARGARET BRENNAN: After some of the unstable weeks in Wall Avenue historical past, President Trump spent his Saturday night time at a UFC match and hyped his combative method on commerce coverage.
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DONALD TRUMP (President of the US): We’ve got a lot of fights going world wide. And I feel we’ve a variety of excellent news coming quickly about a few of these fights.
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MARGARET BRENNAN: Regardless of backing off of what he known as reciprocal tariffs in opposition to dozens of nations and asserting new exemptions on some key shopper merchandise, the president is digging in on tariffs in opposition to China.
We’ll focus on what’s subsequent with U.S. Commerce Consultant Ambassador Jamieson Greer.
And we are going to get a learn on the financial impression from the president of the Federal Reserve Financial institution of Minneapolis, Neel Kashkari.
Silicon Valley’s congressman, Democrat Ro Khanna, will weigh in on how the commerce conflict might impression large tech.
Plus, we can have a brand new ballot on how People assume Trump is dealing with the economic system.
And, lastly, an replace on the measles outbreak with the previous prime vaccine regulator with the FDA Dr. Peter Marks.
It is all simply forward on Face the Nation.
Good morning, and welcome to Face the Nation.
Our new CBS ballot reveals President Trump’s job approval score has fallen to 47 %. That is a three-point drop since President Trump introduced his international tariff plan as a part of what he known as liberation day. That is a drop, however it’s nonetheless a greater approval score than he ever noticed in his first time period. We can have extra on that in only a few minutes.
The president hiked tariffs on imports from China to 145 % final week, and Beijing responded with a 125 % tariff on American items bought in China. Late Friday, President Trump modified course once more, lifting a few of these duties off of Chinese language-made tech merchandise, together with smartphones, chips and computer systems.
Talking with reporters final night time, the president mentioned extra particulars can be revealed Monday.
For extra, we go to United States Commerce Consultant Ambassador Jamieson Greer.
Good morning to you, Mr. Ambassador.
AMBASSADOR JAMIESON GREER (U.S. Commerce Consultant): Good morning, Margaret. How are you?
MARGARET BRENNAN: I am effectively.
I am hoping you may give us some information of motion on this conflict. Is the Trump administration opening any form of channel to Beijing proper now? Are there any plans for presidents Trump and Xi to talk?
AMBASSADOR JAMIESON GREER: Proper now, we haven’t any plans on that. This concern is actually on the leaders stage.
Earlier than April 2, I had a dialog with my counterpart, and others did since April 2. We’ve got this on the leaders stage. And, in some unspecified time in the future, as President Trump has identified, we count on that we’ll be capable to have a dialog with them.
MARGARET BRENNAN: Properly, China holds about $1.5 trillion in belongings on this nation. About half of them are U.S. treasuries.
Previously, you’ve got talked – you’ve got spoken about strategic decoupling from China and acknowledged it might trigger some short-term ache. Are you making an attempt to get China to promote a few of these belongings? Is that a part of your purpose as effectively?
AMBASSADOR JAMIESON GREER: That is not a part of this plan.
President Trump has a worldwide program to attempt to reshore American manufacturing and deal with the commerce deficit. It is a international concern. The one purpose we’re actually on this place proper now’s as a result of China selected to retaliate. So many different international locations affirmatively mentioned they didn’t wish to retaliate, we wish to negotiate with the People.
And the Chinese language made a special determination. So, it isn’t a plan to do this. It was a Chinese language determination. They’ve company right here.
MARGARET BRENNAN: However are you ready for China to think about promoting belongings it holds in the US? And would you like that to occur?
AMBASSADOR JAMIESON GREER: Properly, bear in mind, China has been promoting off treasuries for a while. It is not a – it isn’t a brand-new growth.
You already know, the treasuries market will fluctuate. You already know, I am not the Treasury secretary, so I am not the very best poised to speak about that. However I feel the problem is, we have turn out to be so depending on China, and for thus many a long time, we have not had honest market entry. And so – so once more, we see China taking motion, implementing their coverage to attempt to be much less tied up with us as effectively.
So, it isn’t – it isn’t stunning to see them making these sorts of strikes. We clearly need to be ready on our half to have a resilient economic system.
MARGARET BRENNAN: So, final Friday, late within the day, the administration revealed some exceptions to the tariffs on international locations together with China with smartphones, computer systems, electronics and machines that make semiconductor laptop chips.
Final Sunday, on this program, the commerce secretary instructed us the tariffs are a part of a method to deliver high-tech factories to the U.S. Take a pay attention.
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HOWARD LUTNICK (U.S. Commerce Secretary): The military of hundreds of thousands and hundreds of thousands of human beings screwing in little, little screws to make iPhones, that form of factor goes to come back to America. It’ll be automated. And nice People, the tradecraft of America goes to repair them, goes to work on them.
Our excessive school-educated People, the core to our work drive, goes to have the best resurgence of jobs within the historical past of America to work on these high-tech factories.
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MARGARET BRENNAN: However now these high-tech gadgets are given these exceptions. So, is the purpose nonetheless to maneuver electronics manufacturing to the US?
AMBASSADOR JAMIESON GREER: We actually have to have semiconductors and the downstream electronics provide chain transfer to the US.
What occurred is – it is probably not an exception. That is not even the suitable phrase for it. What occurred is, this sort of provide chain moved from the tariff regime for the worldwide tariff, the reciprocal tariff, and it moved to the nationwide safety tariff regime, the place we’ve research ongoing for prescription drugs, for semiconductors, metals, et cetera.
So, it isn’t that they will not be topic to tariffs geared at reshoring. They’re going to simply be below a special regime. It is shifting from one bucket of tariffs to a special bucket of potential tariffs.
MARGARET BRENNAN: However these tariffs aren’t in place?
AMBASSADOR JAMIESON GREER: That is proper.
MARGARET BRENNAN: So they’re exempt from them.
AMBASSADOR JAMIESON GREER: That’s – that’s topic to check by the Commerce Division.
MARGARET BRENNAN: However…
AMBASSADOR JAMIESON GREER: For now, they’re topic to a 20 % tariff. They’re topic to a 20 % tariff that is on China.
MARGARET BRENNAN: The commerce secretary was on one other community this morning, and he mentioned semiconductors are – quote – “exempt from reciprocal tariffs, however that will not be a everlasting type of exemption.”
This is what you instructed my colleague Nikole Killion April 8.
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NIKOLE KILLION: Why aren’t there any exemptions with a few of these tariffs, sir?
AMBASSADOR JAMIESON GREER: The president determined that we’re not going to have exemptions. We will not have a Swiss cheese answer to this common drawback that we’re dealing with.
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MARGARET BRENNAN: So, I hear you saying the carve-outs are short-term, however is not that also the Swiss cheese scenario you mentioned you had been making an attempt to keep away from?
AMBASSADOR JAMIESON GREER: I’d simply disagree with that, Margaret.
We’ve got two totally different tariff packages. You may have the worldwide reciprocal tariff getting on the commerce deficit, and you’ve got vital sector nationwide safety tariffs, the place we – we’ve tariffs in place on auto, metal and aluminum, and we’ve them approaching semiconductors within the provide chain, prescription drugs, lumber, copper, et cetera.
They’re simply totally different approaches to do it. We’ve got to be rather more deliberate in regards to the semiconductor provide chain…
MARGARET BRENNAN: Sure.
AMBASSADOR JAMIESON GREER: … as a result of we do not even import semiconductors, as such, that a lot, proper? They go into downstream merchandise. So, we’ve to be very cautious. And we wish the entire provide chain right here, not only one product.
MARGARET BRENNAN: So, the president mentioned on Monday he’d be rather more particular. Will we see these sectoral tariffs introduced?
I imply, he – he is saying he is already placing large tariffs on pharma. You are telling me that there is going to be an investigation into it. That is one thing that sounds prefer it’s far sooner or later. What – what timeframe are we speaking about?
AMBASSADOR JAMIESON GREER: Properly, you might have – for the nationwide safety tariffs, it’s a must to do an investigation in an effort to impose the tariffs. That is simply authorized course of. That is – that is how we do it. That is the way it’s completed for metal, aluminum, autos, et cetera.
MARGARET BRENNAN: Proper, however you’ve got determined the result.
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AMBASSADOR JAMIESON GREER: …. investigations for these.
No, we’ve not. We’ve got not. That is why they’re exempt. That is why they’re – you recognize, they do not have a tariff lined proper now, as a result of it’s a must to undergo the investigation to find out the result.
MARGARET BRENNAN: OK. Is it…
AMBASSADOR JAMIESON GREER: We count on there must be some form of tariff on that, however we’ve to undergo the investigation, determine what’s applicable. And that – and that is a Commerce Division perform to do this.
MARGARET BRENNAN: OK.
I perceive you and the Treasury secretary are going to be assembly on the seventeenth of – of the month with Japanese officers to speak in regards to the potential of a commerce deal. I’ve been instructed you’ve got been a few of these non- tariff barrier points that the US sees issues with in present – together with their foreign money.
Are you asking governments to do issues like that, not simply, you recognize, to purchase into America, however to truly change their very own foreign money and alter, like, their central financial institution coverage?
AMBASSADOR JAMIESON GREER: So, our view, Margaret, is that foreign money manipulation or misalignment, no matter you wish to name it, that may have a destructive impression on U.S. exporters and unfairly benefit overseas exports into the US.
Within the USMCA and within the Japan-China – the Japan-U.S. deal from the primary Trump time period, we had chapters with the events committing to not do foreign money manipulation. You already know, the Treasury Division has a statute to keep away from that. So we actually are in these sorts of discussions with these international locations to see in the event that they’re prepared to make most of these commitments as effectively, as have been completed in different contexts.
MARGARET BRENNAN: That is a reasonably large ask.
AMBASSADOR JAMIESON GREER: Properly, the Japanese agreed to it within the first Trump time period.
The Canadians and the Mexicans agreed to it. That is one thing that periodically has – has occurred over time. Nations have needed to revalue to ensure they don’t seem to be giving synthetic competitors – you recognize, synthetic aggressive benefit to their exports.
MARGARET BRENNAN: Sure.
AMBASSADOR JAMIESON GREER: I imply, it is a large ask as a result of we’re in a – we’re in a nefarious scenario.
We’ve got a $1.2 trillion commerce deficit that Biden left us with.
MARGARET BRENNAN: Proper.
AMBASSADOR JAMIESON GREER: It is the very best in human historical past. And foreign money is actually a part of that.
MARGARET BRENNAN: However – however – however I say it is a large ask as a result of it takes time to barter. It may take you longer than 90 days, proper?
So, does that imply this 90-day reprieve may proceed to be renewed? I imply, are you aware what occurs on the finish of 90 days? Is that the period of time it’s a must to negotiate offers with the 70 international locations the White Home says are calling?
AMBASSADOR JAMIESON GREER: Properly, I am – I am contemplating that we’ve 90 days. Earlier than April 2, we had been already having many talks with different international locations, as a result of everybody knew tariffs had been coming.
This was – this was not some secret. Everybody knew. And so we already had been in conversations with a number of international locations. You already know, it will be as much as these international locations to come back to the desk, proceed coming to the desk, and make these sorts of gives.
I imply, the truth is, we’re working across the clock day and night time, you recognize, sharing paper, receiving gives and giving suggestions to those international locations with respect to how they’ll higher obtain reciprocal commerce with the US.
MARGARET BRENNAN: However 90 days may very well be a rolling deadline, is what I hear you saying?
AMBASSADOR JAMIESON GREER: Properly, I – I’d not say that. Within the president’s Cupboard assembly final week, he was requested about this.
MARGARET BRENNAN: Sure.
AMBASSADOR JAMIESON GREER: And he mentioned, effectively, we’ll see.
I imply, my purpose is to get significant offers earlier than 90 days.
MARGARET BRENNAN: Sure.
AMBASSADOR JAMIESON GREER: And I feel we’ll be there with a number of international locations within the subsequent few weeks.
MARGARET BRENNAN: Ambassador, the president – I do know you had been testifying on – on the Hill when the president modified the coverage on reciprocal tariffs.
He mentioned later to reporters that he did not have entry to attorneys when he made the announcement of the change in coverage – quote – “We wrote it up from our hearts. It was written from the center.”
He mentioned that a number of instances. Why does not the president have entry to commerce attorneys when he is asserting coverage? These are large coverage shifts. I am certain there’s anyone who may have taken a name.
AMBASSADOR JAMIESON GREER: In order that kind of – that kind of debate had been taking place for – for a number of days. He is speaking about drafting the tweets. He drafted the tweet from his coronary heart.
However that form of coverage, that was at all times a risk, and the order was drafted by attorneys to make sure that the president may modify the coverage to additional the underlying targets of the order.
So – so lawyer – you recognize, commerce attorneys like – like myself and an enormous workers that works for me, White Home Counsel, et cetera, they’ve all been concerned from day one to provide the president the form of flexibility he wants to handle the emergency he is declared that is – types the premise for these tariffs.
MARGARET BRENNAN: Ambassador Greer, thanks on your time this morning. We’ll be watching what you get completed.
Face the Nation can be again in a minute. Stick with us.
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MARGARET BRENNAN: We go now to Neel Kashkari, the president of the Federal Reserve Financial institution of Minneapolis.
Welcome again to Face the Nation.
NEEL KASHKARI (President, Federal Reserve Financial institution of Minneapolis): Thanks.
MARGARET BRENNAN: We checked and we noticed soybeans are Minnesota’s largest export, one thing like two billion yearly. Lots of these soybeans go to China.
Do you might have a way but of what the sustained commerce conflict with China would price farmers within the midsection of the nation?
NEEL KASHKARI: Properly, it is humorous you mentioned that.
I simply heard from an ag chief two days in the past in Minnesota, who mentioned that, even when there is a 10 % tariff from China on soybeans, zero Minnesota soybeans will go to China, as a result of it is a aggressive international market. It is a commodity. They must go someplace else.
And so, in lots of sectors, whether or not it is a 10 % tariff or 50 % or one hundred pc tariff, it has dramatic impact on the commerce flows. And so a variety of my of us that I hear from listed here are fairly involved about it.
MARGARET BRENNAN: Sure, Bloomberg was already reporting that China was buying soybeans from Brazil, so trying to different suppliers, doubtlessly.
I wish to ask you extra broadly, past your state, you mentioned on CNBC this previous week, buyers might now be saying America is now not essentially the most engaging place on the planet to speculate.
What makes you say that?
NEEL KASHKARI: Properly, we’ve to begin at what causes a commerce deficit.
It is simply financial math that if buyers world wide say one nation is the very best place to speculate, the mathematics works out that that nation can have a commerce deficit. And a part of how that reveals up for that economic system is, rates of interest can be decrease throughout the economic system as a result of buyers are investing and bringing their cash into that economic system.
So, now, if we’re not going to have a commerce deficit going ahead, then buyers should conclude that there are different engaging locations to speculate too. And as we see yields go up, we’re seeing the treasury yields go up. The explanation the Fed cares about that is, we’ve to ensure that it isn’t inflation that is driving these yields up.
It may very well be that buyers are saying, hey, there are different locations we additionally wish to make investments, that it will not simply be everyone needs to pour cash in America. So these are very difficult particulars to kind out. The Fed’s job is to maintain inflation below management and never let it get unanchored.
MARGARET BRENNAN: So, folks sometimes consider U.S. treasuries because the secure factor to purchase in a disaster, as a result of they’re backed by the total religion and credit score of the U.S. authorities.
So when the president says the bond markets received queasy, and that was a part of his determination in delaying these reciprocal tariffs, what does that say to you? How do you interpret that the bond market received spooked prefer it did?
NEEL KASHKARI: Properly, I feel buyers within the U.S. and world wide try to find out, what’s the new regular in America?
You already know, I noticed an interview on Friday the place BlackRock CEO Larry Fink speculated that perhaps the 10-year treasury would go to a 5 % yield. He simply supplied it as a risk.
We do not know the place that new regular stage goes to be, and we on the Fed haven’t any capacity, zero capacity, to have an effect on that vacation spot. And I feel markets are looking for, the place are these commerce negotiations going to finish up? Finally, that vacation spot, whether or not it is a 5 % treasury or 4 or one thing else, that is one hundred pc decided by commerce coverage and financial coverage.
And I feel there’s a variety of uncertainty within the markets about what’s that new vacation spot, and we’ll have to observe and see. And, on the Fed, our job is to maintain inflation below management in order that charge is not even increased.
MARGARET BRENNAN: Proper. And only for our viewers, when what – yields going up signifies persons are promoting treasuries.
And when Larry Fink, who I imagine is the world’s largest asset supervisor, spoke, he mentioned one thing in regards to the Fed won’t have the power to do any actual easings. Is that what you – what involved you?
NEEL KASHKARI: Properly, it isn’t a priority.
It is only a recognition of the instruments that we’ve. So, we on the Fed, we are able to handle form of near-term ups and downs within the economic system. However, in the end, the place the economic system settles in the long term on account of all of those renegotiations and these new commerce flows and financial coverage, that new regular is totally out of the Central Financial institution’s management. We can not have an effect on that.
All we are able to do is maintain inflation expectations anchored and attempt to handle a few of the ups and downs on that journey, however that vacation spot is as much as the chief department and Congress, not the Fed.
MARGARET BRENNAN: So, the tariffs on issues like metal and lumber and all of the stuff you use to construct a constructing and a home, these might elevate costs.
Shelter already was an enormous contributor to the inflation charge. If – what does all this add as much as? Do you might have any expectations? It actually sounds just like the trajectory is costs going up.
NEEL KASHKARI: Properly, there is no query that tariffs, by themselves, are inflationary. They push costs up, simply as you articulated.
The query is, is it a one-time enhance in costs after which costs develop slowly from there, or is it one thing extra sustained and ongoing? And it is the Fed’s job to ensure that it is solely a one-time adjustment in costs, and nothing longer-term than that.
So that is the half that we’ve a job to play right here, and we’re dedicated to doing so. However you are proper. Tariffs push up costs and push down financial exercise, and that is a difficult scenario, as a result of the Fed merely doesn’t have the instruments to undo the financial results of tariffs and a commerce conflict. We will simply maintain inflation from getting out of hand.
MARGARET BRENNAN: And you do not meet once more till, what, Could 7?
NEEL KASHKARI: In a number of weeks, we meet.
However, sure, clearly, we’re persevering with to watch all of the financial information. The economic system was basically very wholesome January, February, March. The job market has been sturdy. The underlying inflationary dynamics have been coming down, simply as we hoped for and we have been making an attempt to engineer.
However, clearly, that is the largest – within the final month or so, that is the largest hit to confidence that I can recall within the 10 years that I’ve been on the Fed, aside from March of 2020, when COVID first hit. So when there’s that kind of hit to confidence, it may possibly have massive results on the economic system.
And we’re monitoring that very rigorously via the information and thru all of our discussions with companies throughout the nation.
MARGARET BRENNAN: Sure. J.P. Morgan CEO Jamie Dimon mentioned the percentages of recession at the moment are 50/50. Goldman Sachs says 45 % probability of recession.
Is the chance that prime, in your estimate?
NEEL KASHKARI: You already know, it is actually going to be decided by, is – are there fast resolutions? To your prior visitor, are there fast resolutions to those commerce uncertainties with our main buying and selling companions?
The quicker these resolutions come, I feel the extra that confidence might be restored, and, hopefully, these odds might be introduced down. However it’s a critical scenario. If everyone will get nervous on the identical time, companies and customers, and so they all pull again on the identical time, that may result in an financial downturn simply by itself, setting apart the mathematics of what the tariffs find yourself doing to costs.
And so there’s lots to attempt to unwrap proper now, and we’re doing our greatest to attempt to maintain our arms round it.
MARGARET BRENNAN: However the monetary markets look orderly to you at this level?
NEEL KASHKARI: They’re.
I imply, clearly, the market contributors try to know for, the place is that this all going to settle? And that is inflicting volatility as they’re – as they’re making an attempt to do these assessments. In order that volatility is to be anticipated.
MARGARET BRENNAN: OK.
NEEL KASHKARI: However markets are functioning. Transactions are taking place. And so I anticipate that is going to proceed.
MARGARET BRENNAN: All proper, Neel Kashkari, at all times good to get your insights. Thanks for becoming a member of us.
We’ll be proper again with extra Face the Nation.
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MARGARET BRENNAN: Tomorrow, CBS Mornings co-host Gayle King can be making historical past, touring in an all-woman crew into area.
Mark Strassmann has a preview.
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MARK STRASSMANN (voice-over): In Blue Origin’s coaching capsule, CBS’ Gayle King received a way of tomorrow’s thrill trip, a visit 62 miles straight as much as the sting of area.
GAYLE KING: And I notice that is a lot larger than only a enjoyable journey, what it represents to younger ladies, to ladies, what they’re making an attempt to do on area when it comes to trying on the planet in one other approach.
MARK STRASSMANN: Area tourism, civilian astronauts, took off 4 years in the past. Three area corporations, Blue Origin, Virgin Galactic and SpaceX, have rocketed greater than 120 folks into area, together with billionaire Jeff Bezos, Blue Origin’s founder, in 2021.
Did this second encourage you to push deeper into the cosmos?
JEFF BEZOS (FOUNDER, Amazon): Hell sure.
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JEFF BEZOS: Sure, completely, little doubt. We’ve got to construct a highway to area. The a number of tourism missions is about working towards.
LAUREN SANCHEZ (Journalist): What are we doing?
KATY PERRY (Musician): We’ll area.
LAUREN SANCHEZ: Oh, we’ll area.
MARK STRASSMANN: Bezos’ fiancee, Lauren Sanchez, put collectively Monday’s all female-crew, six achieved ladies, together with King, pop star Katy Perry, two scientists and a filmmaker.
Their 11-minute round-trip journey will embody roughly three minutes of weightlessness, floating within the capsule, searching a window onto the world beneath.
CBS Information area analyst Invoice Harwood:
BILL HARWOOD: It is one thing all of us marvel at, however I feel getting from there to the purpose the place the typical individual can do that is a long time away, if not longer.
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MARK STRASSMANN: Liftoff will occur right here in West Texas from a launchpad on a mammoth ranch owned by Jeff Bezos. Gayle admits she’s each excited and terrified – Margaret.
MARGARET BRENNAN: Properly, we want Gayle a really secure flight.
Our particular protection of the historic mission will start tomorrow at 9:00 a.m. Jap. Make sure you tune in.
Face the Nation can be proper again.
(ANNOUNCEMENTS)
MARGARET BRENNAN: We can be proper again with extra from our newest ballot on President Trump’s financial insurance policies, plus Silicon Valley Congressman Ro Khanna and the previous director of the FDA’s vaccine program.
Stick with us.
(ANNOUNCEMENTS) MARGARET BRENNAN: For extra on our newest ballot on how People are reacting to the Trump financial agenda, we’re joined now by our govt director of elections and surveys, Anthony Salvanto.
Anthony, President Trump put tariffs on the middle of his marketing campaign. Now he is enacting them. Is there help for what he is doing?
ANTHONY SALVANTO: Like a variety of the way in which folks have a look at investments, it is determined by what you see as your targets and your time horizon. By which I imply, within the rapid we see three quarters of People assume that tariffs will elevate costs. Not less than within the brief time period. And lots assume in the long run, too. Now, they’re delicate to that as a result of, as we have mentioned for a few years, inflation and costs are prime considerations proper?
The second factor we see is a rise within the quantity of people that assume that Donald Trump’s insurance policies now are making them financially worse off. And it isn’t simply that motion, but it surely’s the setup in opposition to expectations. Again at the beginning of his time period a number of months in the past, lots of people thought that his insurance policies would make them financially higher off. So, that is an enormous change.
However now let me speak in regards to the time horizon, as a result of this is applicable to his political base, to Republicans, lots of whom say, maintain on a second, you may’t consider this proper now. It’s important to give it six months. It’s important to give it a 12 months to see how his tariff and commerce insurance policies are going to play out.
So, with that, they are much extra supportive of tariffs and of his method. Additionally they assume that he’s simply utilizing this as a negotiating tactic. Most of them assume that he’ll in the end take away these tariffs, perhaps when he will get what he needs. And in order that’s why you continue to see a variety of Republican help for all of this.
MARGARET BRENNAN: Properly, the White Home had mentioned it isn’t up for negotiation, however then President Trump mentioned there’s a negotiation, and that is the place there’s a few of the confusion proper now.
However you probably did point out the approval score itself is below stress. The place is that stress centered?
ANTHONY SALVANTO: So, extra folks say that they like his targets with commerce and tariff insurance policies than his method. And that method half is weighing on his scores for dealing with the economic system, that are down, his scores for dealing with inflation, tied to what I described about costs, that are additionally down.
However look, the market, within the public thoughts, isn’t the economic system. There is a –
MARGARET BRENNAN: It is not. The inventory market is not.
ANTHONY SALVANTO: Proper.
MARGARET BRENNAN: But it surely’s a pricing mechanism of the way forward for the economic system.
ANTHONY SALVANTO: Precisely. And it’s an indicator, particularly for individuals who say they’ve cash, not simply available in the market, however that their funds are delicate to what occurs available in the market. They are much much less approving of his method proper now.
However having mentioned that, contemplate additionally jobs. The general public is combined on whether or not Trump’s method goes to result in extra manufacturing jobs. Republicans assume it’ll. However once more, that is form of a long-term concern.
Again to the politics for a second. You already know, folks typically ask, when does a president personal the economic system? And proper now this appears like Donald Trump’s economic system. A majority of individuals say it is his insurance policies which are accountable, both approach, good or unhealthy, for a way it’s, not Joe Biden’s. And that, after all, units issues up going ahead.
MARGARET BRENNAN: Anthony Salvanto, nice insights. Thanks.
ANTHONY SALVANTO: Thanks.
MARGARET BRENNAN: And we’ll be proper again with much more FACE THE NATION. Stick with us.
(ANNOUNCEMENTS)
MARGARET BRENNAN: We go now to California Democratic Congressman Ro Khanna, who joins us this morning from one other state, Ohio.
Good morning to you, Congressman.
REPRESENTATIVE RO KHANNA (D-CA): Good morning, Margaret.
MARGARET BRENNAN: I wish to get to what’s taking place to Silicon Valley in only a second on the commerce and tech entrance. However, first off, I wish to ask you, because you sit on the Armed Companies Committee, for any perception you might need on one of many bulletins made late on Friday. The president licensed the U.S. army to take over a big swath of public land alongside the southern border, together with within the state of California. And I perceive that meaning the Pentagon’s finances can now be used for issues like border safety or doubtlessly to even detain migrants in that space.
Has Congress been briefed on these plans? Do you might have any sense of what is taking place?
REPRESENTATIVE RO KHANNA: We’ve got not. And, Margaret, it is longstanding legislation which you could’t use the army for home enforcement. It is a violation of the Structure. I am hopeful the Supreme Court docket would 9-0 rule that approach, similar to they’ve dominated that the deportation of Abrego (ph) was unconstitutional. However we’ve not heard any specifics of it, and it is blatantly in opposition to the legislation.
MARGARET BRENNAN: You there have been speaking about Maryland resident Abrego Garcia, who was detained after which despatched to a jail in El Salvador. The Supreme Court docket mentioned that the Trump administration truly has to facilitate getting him again, however they did not truly rule on whether or not he was a gang member or not. I imply the Justice Division cannot substantiate it. However why did you deliver up that particular case as proof of one thing?
REPRESENTATIVE RO KHANNA: Properly, it simply reveals that this administration is taking actions which are unconstitutional. Look, Vice President Vance mentioned that the – Abrego was an M-13 gang member with no authorized rights right here. And the Supreme Court docket mentioned, effectively, we do not know. And he does even have authorized rights.
And so, equally, you now have an administration that’s utilizing the army for home enforcement, which is against the law. And I imagine that even this Supreme Court docket, a conservative Supreme Court docket, would rule it is unconstitutional.
MARGARET BRENNAN: On Garcia, ICE mentioned it was an administrative error that led to this man’s arrest within the first place. It appears the Trump administration is saying it is now within the arms of the president of El Salvador, who can be on the White Home this week. So, we are going to look ahead to developments on that area.
However going again to the road of questioning right here concerning Armed Companies, we perceive that the president despatched his envoy, Steve Witkoff, to speak to Iranian officers over this previous weekend. We do not know a lot, aside from they are going to meet once more. However within the meantime, the U.S. army has positioned as many as six B-2 bombers within the Indian Ocean. That is the form of plane that will carry a weapon that may very well be used to take out underground amenities for a nuclear program.
Do you imagine President Trump would want congressional approval to hold out a strike, even when it was simply in help of Israel main that assault on Iran?
REPRESENTATIVE RO KHANNA: Completely. And virtually a 3rd of our B-2 bombers are there.
Look, it is unconstitutional what they’re doing in Yemen. I mentioned it was unconstitutional when Biden made these strikes. We – they should come to Congress.
And look, the president was elected by the American folks to say, we do not need our tax {dollars} going for extra bombing within the Center East, for extra wars within the Center East. I feel he is ignoring the bottom that really elected him that doesn’t need extra of those strikes.
Within the case of Yemen, the Saudis had conflict there for nearly ten years. And the – it did not do something to handle the scenario with the Houthis. The president campaigned on diplomacy. He hasn’t seen that. And what we’re seeing is escalation.
MARGARET BRENNAN: Properly, we’ll see what the diplomacy he is trying achieves within the close to time period.
However let me ask you why you are out in Ohio speaking to us this morning. I perceive within the coming days you are additionally going to go to Connecticut, to Yale Legislation, on Tuesday. Are you making an attempt to type of troll Vice President Vance? And, if that’s the case, why?
REPRESENTATIVE RO KHANNA: Properly, no. I imply the Cleveland Metropolis Membership invited me to provide a speech on the economic system. And let’s discuss these tariffs. I imply, they had been chaotic and so they had been completely haphazard. So, you had Howard Lutnick on saying that we had been going to deliver manufacturing again, electronics manufacturing again to the US. And so they realized abruptly that that wasn’t going to occur. Really, the iPhone worth would go as much as $1,700 or $2,000. And, by the way in which, if that manufacturing moved, it might in all probability transfer to Malaysia or Vietnam.
So, they abruptly reversed. They exempted all of electronics manufacturing, which is a few third of our commerce deficit. And I am right here on the Cleveland Metropolis Membership to say, if you wish to have electronics manufacturing right here, the way in which to do it’s not blanket tariffs. It’s important to create an digital manufacturing hub, the type we did with the Chips Act. Meaning investing in software engineering and workforce. It means having funding tax credit. It means having authorities purchase issues from the US. The president has no plan of even have high-end advance manufacturing in the US.
MARGARET BRENNAN: Properly, the district you characterize consists of Silicon Valley. So, you should be listening to from a few of these CEOs. Who’re they lobbying, apparently efficiently, to get these carve-outs?
REPRESENTATIVE RO KHANNA: I feel they’re speaking about sound financial coverage. I imply it actually would have been – they’re speaking to anybody they’ll on the White Home. They’re speaking to anybody they’ll who has the president’s ear. However what they’re saying is fairly easy. First they’re saying that Howard Lutnick, the screws and the screwing solely is about 0.1 % of an iPhone’s price. I imply it is advisable – the precise parts are reminiscence, are digicam, are ram. I imply it is such as you – I perceive they’ve nineteenth century insurance policies of McKinley, however they should have a twenty first century understanding of the economic system.
After which they’re saying, OK, you actually wish to do that? The iPhone will price $1,600 to $1,700 however we’re not going to have the ability to deliver it again to the US. We’ll go to India. We’ll go to Malaysia. We’ll go to Vietnam.
And if you wish to deliver again the manufacturing to the US, it’s a must to spend money on the workforce, it’s a must to have some funding tax credit score for the amenities, and you’ve got to have the ability to purchase the issues we make in the US.
So, all I am saying is, let’s have sound financial coverage. And, you recognize, I noticed the ballot earlier.
MARGARET BRENNAN: Sure.
REPRESENTATIVE RO KHANNA: This isn’t a hypothetical. This isn’t one thing the president will be capable to spin. Both we’ll see new factories come, or we’re not. And tariffs simply aren’t going to do this.
MARGARET BRENNAN: Properly, we did not get a transparent reply on when these semiconductor tariffs are coming. However the administration argues they’re within the pipeline and that, you recognize, China’s not going to get a free go on the subject of tech. What’s that going to imply on your a part of the nation?
REPRESENTATIVE RO KHANNA: Properly, it is – once more, they have no sense of when the tariff will come, when it will not come, and so they’re in opposition to the Chips Act. So, how are you going to – as an example you abruptly put tariffs on China. What it might imply is the manufacturing would transfer to different elements of the Asia. It nonetheless is not going to come back right here except you are financing these factories right here, prepared to purchase right here. Tariffs is usually a software used as a broader Hamiltonian industrial coverage.
MARGARET BRENNAN: Sure.
REPRESENTATIVE RO KHANNA: And that is what I am right here in Ohio to speak about, which is, what is definitely going to deliver superior manufacturing to this nation.
MARGARET BRENNAN: Proper.
All proper, Congressman Khanna, we’ll be watching.
We’ll be proper again.
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MARGARET BRENNAN: Well being and Human Companies Secretary Robert F. Kennedy claimed final week that the measles outbreak could also be plateauing, however the extremely contagious virus continues to unfold largely in unvaccinated folks. And the CDC stories that the variety of circumstances topped 700 in 2025 to this point.
The measles virus, which was as soon as successfully eradicated right here in America due to widespread vaccination, is now in two dozen states.
We spoke Friday with Dr. Peter Marks, the previous head of the Meals and Drug Administration’s vaccine program, who was compelled to resign final month as a part of Kennedy’s redesign of America’s well being coverage. Our dialog started as regards to the measles outbreak and the response by the Trump administration.
(BEGIN VT)
MARGARET BRENNAN: Secretary Kennedy spoke to my colleague, Dr. Jon LaPook, earlier this week following the dying of a second unvaccinated baby in Texas as a consequence of measles. Kennedy reiterated, folks ought to get the MMR vaccine.
Take a pay attention.
DR. JON LAPOOK: What is the place, philosophically, of the federal authorities when it comes to public well being?
ROBERT F. KENNEDY JR. (Well being and Human Companies Secretary): The federal’s authorities’s place, my place is, folks ought to get the measles vaccine. However at – if – the – the federal government shouldn’t be mandating these.
LAPOOK: Perceive. However the –
KENNEDY: You already know, I’ve at all times mentioned throughout my marketing campaign and – and each half that – each public assertion I’ve made, I am not going to take folks’s vaccines away from them.
LAPOOK: Proper.
KENNEDY: What I’ll do is ensure that we’ve good science so that individuals could make an knowledgeable selection.
MARGARET BRENNAN: Is {that a} enough endorsement?
PETER MARKS (M.D., Former Director, FDA Middle for Biologics Analysis and Analysis): As a public well being skilled, I’ll inform you what an endorsement of the measles vaccine appears like proper now. Should you can hear my voice proper now and you’ve got a baby that’s unvaccinated in opposition to measles, we’ve measles spreading it this nation very considerably. You would not put your baby in a again seat of a automobile with out being strapped into their automobile seat. You wish to get your baby vaccinated in opposition to measles in order that they do not have a one in a thousand probability of dying from measles in the event that they contract it. There isn’t any purpose to place your baby at that danger as a result of the vaccine doesn’t trigger dying. It doesn’t trigger encephalitis. And it doesn’t trigger autism. So, that is what an endorsement appears like. Simply make the comparability.
MARGARET BRENNAN: That needs to be extraordinarily irritating for you as somebody who labored within the vaccine area for thus lengthy. You clearly really feel that that is secure and efficient and that not saying it clearly is endangering folks. And I perceive the frustration.
PETER MARKS: Proper. So, one other approach of – sure, no, precisely. Precisely. And – however – there’s an entire host of people that cannot communicate out like I’m which are saying, you recognize, this can be a vaccine for which the advantages so vastly outweigh the dangers that to not use it’s the equal of, once more, throwing – I imply when you noticed a baby – when you noticed a 15-month-old rolling round within the again seat of a automobile, you’d in all probability name baby protecting providers.
Now, I am not saying we should always have – we should always order dad and mom to do that as a result of I do not wish to get into the entire concern of mandates. However we should always have an ethical accountability to guard our kids in opposition to one thing that might doubtlessly be life-threatening, significantly when it is spreading throughout the US the way in which it’s.
MARGARET BRENNAN: You’ve got mentioned there are folks such as you who cannot communicate freely. You may communicate freely since you’re now not on the FDA?
PETER MARKS: Right.
MARGARET BRENNAN: You are saying your former colleagues cannot instantly reply a query, they can not truthfully reply a query and endorse a vaccine proper now?
PETER MARKS: I feel it is difficult on this atmosphere for a few of them, however you’d need to ask them instantly.
MARGARET BRENNAN: Sure.
In your resignation letter you wrote of the measles outbreak, and what occurs when confidence in science is undermined. You mentioned it is clear fact and transparency usually are not desired by the secretary, however somewhat he needs subservient affirmation of his misinformation and lies.
Did you ever communicate to him about your considerations?
PETER MARKS: So, only a matter of document, I by no means interacted with the secretary. I do not – I do not intend to have interaction on, you recognize, disputing any of that. If the administration can have me come and go, that is high quality. The extra vital factor right here is that we cope with the problem at hand, which is vaccine confidence is actually vital for this nation and it has been undermined again and again over the previous years. And now we’re seeing the results of this.
MARGARET BRENNAN: You might be saying right here that the person working HHS does not absorb data, needs subservient affirmation of misinformation and lies. There’s presumed outcomes, is what you are saying?
PETER MARKS: I feel that my phrases then spoke for itself. I needn’t belabor it right here.
You already know, science is the pursuit of goal fact for the good thing about mankind. And people of us who imagine in it, we – we take it very critically. And it hurts us deeply when there are those that would undercut the title of science, undercut the very title of science as a result of it is handy for them to purvey lies.
And that is simply – it isn’t OK as a result of on the finish of the day I used to be so strongly affected by what occurred final week with the dying of a second baby, that I truly – I truly used profanity with a reporter with out – whereas – whereas I used to be on the document with out realizing it, which is one thing I’ve by no means completed. I actually – I do not imagine that we must be saying, effectively, these are individuals who imagine that they should not be vaccinated as a result of my expertise –
MARGARET BRENNAN: They’re from the Mennonite neighborhood.
PETER MARKS: The Mennonite neighborhood.
My expertise is that when you meet folks on their stage, they typically will ultimately come round.
MARGARET BRENNAN: Many dad and mom in all probability know ASD analysis charges are on the rise on this nation. The CDC says the present numbers are one in 36 American kids. This can be a enormous – a really broad spectrum of neurodevelopmental issues. There isn’t any established trigger.
On Thursday, the HHS secretary, Kennedy, mentioned he is received lots of of scientists from world wide engaged on it, and he promised this.
KENNEDY: By September we are going to know what has triggered the autism epidemic and we’ll be – we’ll be capable to remove these exposures.
MARGARET BRENNAN: That offers super hope to lots of people. Have you learnt something about that ongoing analysis?
PETER MARKS: I do know a minimal quantity of effort that is being – occurring to attempt to relook at prior autism analysis. However I’m not conscious of what’s being mentioned there.
I cared for leukemia sufferers for a major variety of years. Giving folks false hope is one thing it is best to by no means do. It’s completely – you might be extremely supportive of individuals. However giving them false hope is mistaken.
Should you simply ask me, as a scientist, is it doable to get the reply to shortly? I do not see any doable approach.
And, bear in mind, you are speaking to the one that got here up with Operation Warp Pace for vaccines. Autism is an extremely difficult concern. So, we’ve the problem of analysis bias. We do not know what number of of these circumstances are true, how a lot of that is true development of autism, how a lot of that is simply that we now have diagnostic standards and we diagnose it extra typically.
MARGARET BRENNAN: The president of the US mentioned, one thing synthetic is inflicting autism charges to go up. On Thursday he mentioned, perhaps you cease taking one thing. You cease consuming one thing. Or perhaps it is a shot. However one thing’s inflicting it. Proper after that, RFK appeared at – the HHS secretary appeared on Fox Information and dismissed 14 research which have proven no hyperlink between autism and vaccines. He mentioned it’s an epidemic.
KENNEDY: Epidemics usually are not brought on by genes. Genes can present a vulnerability, however you want an environmental toxin. So, we all know that it’s an environmental toxin that’s inflicting this cataclysm. And we’re going to establish it.
MARGARET BRENNAN: Is there scientific proof ruling out genetics as a explanation for ASD?
PETER MARKS: There isn’t any – there is no scientific proof ruling out genetics. In actual fact, there may be information that had been revealed that say that genetics might contribute to autism. There are, clearly, information that may – that counsel that maybe environmental elements might. However one needs to be extremely cautious, extremely cautious about making associations between environmental elements and autism.
There’s a fantastic graphic that reveals that Coca-Cola enhance goes together with the rise in autism, however there’s additionally a beautiful graphic that yow will discover on-line that reveals that the rise in spending on natural meals additionally goes together with the rise in autism false causality. Scientists don’t wish to discover false causality. We wish to discover true causality.
MARGARET BRENNAN: It stood out to us that Secretary Kennedy has employed somebody named David Geier to conduct evaluation of the hyperlinks between autism and vaccines. He was charged by the state of Maryland in 2011 with working towards medication and not using a license. That was weeks after his father’s medical license was suspended for placing autistic kids in danger by giving them a hormone blocking agent.
So, what ought to the general public know or count on from the work that he’ll do for the U.S. authorities?
PETER MARKS: So, all I can say is, I’d not – he is – to the very best of my information, he is not had any coaching after faculty in any of the sciences that we worth right here.
What I feel we are able to count on is the anticipated, that there can be an affiliation decided between vaccines and autism as a result of it is already been decided. This isn’t how science is carried out.
(END VT)
MARGARET BRENNAN: You’ll find our prolonged interview with Dr. Marks on our YouTube channel or on facethenation.com.
We’ll be again in a second.
(ANNOUNCEMENTS)
MARGARET BRENNAN: That is it for us right now. Thanks all for watching. Till subsequent week. For FACE THE NATION, I am Margaret Brennan.
(ANNOUNCEMENTS)
