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Deadline: White House

"Death by a thousand cuts"

Deadline: White House

MSNBC

News, Donald Trump, Daily News, The White House, Nicolle Wallace, Politics, Nbc News, Washington Dc, Msnbc, Government

4.66K Ratings

🗓️ 27 May 2025

⏱️ 87 minutes

🧾️ Download transcript

Summary

Nicolle Wallace on Trump’s tariff whiplash creating chaos and confusion for small business owners, the administration’s escalating attacks on Harvard University, and the rank corruption of a new Trump-centered private club opening in Washington. Joined by: Justin Wolfers, David Frum, Cornell Belcher, Dr. Jeremy Faust, Evan Osnos, Basil Smikle, Claire McCaskill, and Jonah Bromwich.

Transcript

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0:00.0

Hi, there, everybody.

0:09.0

Happy Tuesday.

0:10.1

It's 4 o'clock in New York.

0:11.6

Now, if you've ever dropped a glass on the kitchen floor and watched it shatter, you're familiar with just how far and wide those teeny shards of flask can travel.

0:21.3

Small and unseen, sharp pieces can hide for months until they're vacuumed up or swept up or heaven forbid stepped on.

0:29.3

This afternoon, we are all surrounded by the jagged pieces of our own economy, shattered by the uncertainty of on again, off again, on again, off again,

0:38.5

tariffs, and an as yet unexplained trade war. On that front, this weekend, Donald Trump blinked once

0:44.0

again, backing off the threat he made days ago, delaying the implementation of a 50% tariff on the

0:50.7

European Union. The European Union is America's second largest trading partner behind China.

0:56.5

Trump delayed those tariffs by more than one month.

0:59.0

The stock market jumped at that news today, but in so doing, proved again just how much Wall

1:05.8

Street and the individual savings and retirement values of all Americans are at the mercy of Donald Trump's daily changing whims.

1:15.7

That chaos and confusion comes at a price, not just for investors or business owners, but for factory workers, for truck drivers, for restaurant owners, for the common normal people who make our world go round. This from the

1:28.9

Wall Street Journal today, quote, Rubin Diaz typically hauls two container loads of goods a day in a

1:34.9

rented big rig between Southern California's sprawling ports and warehouses dozens of miles away.

1:41.5

Now the 38-year-old is struggling to find two loads a week and is being paid

1:46.3

less for them, following a sharp drop in imports into the ports of Los Angeles and Long Beach.

1:52.2

Late one afternoon, he refueled at the Sunshine Truck Stop after dropping off a single empty container

1:58.0

at the port. He figured he would be left with about $50 after deducting

2:02.7

cost for truck rental, insurance, and diesel, and was considering giving up as a self-employed

2:08.9

driver, quote, I am just surviving, but I am not going to make it, he said. Now, that's just one

2:14.6

person suffering the consequences, one of those shards of dropped shattered glass.

...

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