Said Stewart, in this week’s show: “Trump is not only not the best negotiator, he is maybe the worst negotiator.”
White House Delays Asking Congress to Codify Cuts
“The White House is debating whether to send its rescission request this week or hold off for a couple of weeks, allowing Congress to make further progress on reconciliation,” NOTUS reports.
“The administration was expected to send Congress its rescission request on Monday, but now the process has been slowed down and could be delayed for weeks.”
Trump Is the Godfather in Reverse
Paul Krugman: “The Canadian election demonstrates why Trumpist trade policy, and foreign policy in general, is doomed to catastrophic failure. Trump isn’t trying to drive tough substantive bargains. Mainly, he seems to want to indulge in narcissism, demanding that other nations humiliate themselves so he can put on a display of dominance. And America doesn’t have remotely enough leverage, even against Canada, to make such demands. You could say that Trump is a reverse Godfather, making offers other countries can’t accept.”
“Consider the state of negotiations — or, actually, non-negotiations, since talks appear to have broken down — with Japan, another country Trump appears to have thought he could bully. Japan does sell a lot to the United States and might have been willing to offer something to preserve its access to our market.”
“But reports indicate that Japanese representatives sent to Washington left without accomplishing anything because they found Trump’s people impossible to deal with.”
Bessent Promises No Supply Chain Shocks
“Treasury Secretary Scott Bessent told reporters on Tuesday that President Trump’s trade policy would not result in shortages of consumer goods, as some economists and CEOs have warned,” Axios reports.
Said Bessent: “I wouldn’t think that we would have supply chain shocks. I think retailers have managed their inventory in front of this.”
Amazon Backs Down After White House Attack
An Amazon spokesperson said the e-commerce giant was never considering adding import fees on all purchases to show the cost of President Trump’s new tariffs, dismissing a news report that prompted an attack from the White House, the Washington Post reports.
What Won’t Be Mentioned During Trump’s Interview
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Consumer Confidence Slides Again
CNN: “Consumer confidence sank 7.9 points in April to a reading of 86, the Conference Board said in its latest survey released Tuesday. That’s the lowest level since May 2020 and a larger decline than economists had projected.”
“The survey’s Expectations Index, which captures people’s outlook on the economy, plummeted 12.5 points this month to 54.4, the lowest level in 13 years.”
White House Accuses Amazon of ‘Hostile’ Act
The White House bashed Amazon for reportedly planning on displaying how much President Trump’s tariffs added to the cost of an item, calling it an aggressive move by the e-commerce giant, The Hill reports.
Said press secretary Karoline Leavitt: “This is a hostile and political act by Amazon. Why didn’t Amazon do this when the Biden administration hiked inflation to the highest levels in 40 years?”
Trump Wasted First 100 Days on Indulging His Base
Ed Kilgore: “Trump had a basic choice to make in planning his second administration. He could have moved cautiously to consolidate his support, extend the public-opinion honeymoon any presidential-election winner invariably enjoys, register some early wins, and convince a skeptical and fearful country that Trump 2.0 would represent the sort of return to normalcy that Joe Biden once promised but could not provide. This approach might have sent the wounded Democrats into an extended wilderness and made MAGA Republicanism into the greatest political success story of the 21st century.”
“As we now know, Trump chose a very different approach that highlighted all his worst characteristics: a raft of extremist appointments rewarding loyalty rather than competence, a vast array of executive actions that stretched every known limit on presidential powers to the breaking point, an escalation in vituperative rhetoric and threats against anyone who dared to question him, a rapid reorientation of America’s international positioning to blow up alliances or any other restraint on aggressive assertion of unilateral American interests, and a trade war that spooked global and domestic markets and U.S. consumers alike.”
The Longest 100 Days
Jonathan Chait: “Judged against Roosevelt’s record, the first 100 days of the second Trump term would be deemed a miserable failure. The president has passed no major legislation, and his economic interventions have had the opposite effect of Roosevelt’s, injecting uncertainty into a healthy recovery and seeding an economic crisis.”
“Yet his presidency has still been consequential. In just a few months, Trump has smashed democratic norms, crippled the federal bureaucracy, and realigned America against its traditional friends. Because Trump’s goals are so historically aberrant, the traditional measure of presidential achievement is of hardly any use.”
“His Carter-esque record as legislator and economic steward stands in stark contrast to his Lenin-esque record in stamping out opposition. For the president’s ruling claque, the effect is a triumph. For nearly everybody else, it portends ruin.”
Angry Florida Voters Hold ‘Empty Chair’ Town Halls
“Angry voters are holding empty chair town halls as Republican members of Congress are refusing to hold those meetings with constituents,” The Guardian reports.
Amazon to Display Tariff Costs for Consumers
“Amazon doesn’t want to shoulder the blame for the cost of President Donald Trump’s trade war,” Punchbowl News reports.
“So the e-commerce giant will soon show how much Trump’s tariffs are adding to the price of each product.”
Xi Is Trying to Turn World Against the U.S.
“President Xi Jinping’s diplomats are fanning out across the world with a clear message for countries cutting deals with Donald Trump: The U.S. is a bully that can’t be trusted,” Bloomberg reports.
“Chinese officials are racing to turn foreign governments against the U.S. inside a 90-day window Trump has granted all nations — except China — to strike trade deals during a tariff reprieve. Once those pacts are in place, Treasury Secretary Scott Bessent has said he wants US allies to ‘approach China as a group,’ giving his side more leverage in negotiations.”
Noem Claims Suspects in Purse Theft Are Undocumented
Homeland Security Secretary Kristi Noem said she’s “very confident” that the two people arrested in connection with the theft of her purse are in the country illegally, CBS News reports.
Said Noem: “These are career criminals. They have perpetuated crimes against many people in this country for many years illegally.”
Trump Disputes ‘Fake’ Polls
“President Donald Trump is disputing polls that show his approval rating in decline as he prepares to mark his first 100 days in office on Tuesday,” the Washington Post reports.
“Trump called the surveys ‘FAKE’ in a social media post late Monday.”
He added: “We are doing GREAT, better than ever before.”
More Americans Give Trump a Grade of ‘F’
“Twice as many people said President Trump deserves a grade of F rather than an A for how he’s handled his first 100 days in office,” according to a new NPR/PBS News/Marist poll.
“Forty-five percent said Trump deserves the failing mark, compared to 23% who would pass him with flying colors.”
“It’s understandable that partisans would have strongly polarized views of the president, but it’s also notable that half of independents said he deserves an F, and only a slim majority of Republicans would give him an A.”
Huge Majority Oppose Trump’s Expansionist Goals
A new ABC News poll finds a vast 86% of Americans oppose the United States trying to take control of Canada and 76% oppose trying to take control of Greenland.
GM Withdraws Profit Forecast
“General Motors is abandoning a previous forecast for solid profit growth this year as a result of the uncertainty created by President Trump’s trade policies,” the New York Times reports.