February 3, 2025: The trade war begins
The Playbook Podcast
POLITICO
3.9 • 699 Ratings
🗓️ 3 February 2025
⏱️ 9 minutes
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| 0:00.0 | Presented by BP. |
| 0:05.4 | Good morning, everyone. I'm Playbook Deputy Editor Zach Stanton. It's Monday, February 3rd, |
| 0:10.6 | and what's driving the day is the deluge of aggressive actions from the Trump administration |
| 0:14.3 | as it seeks to dramatically alter America's role in the world. First off, there are major |
| 0:19.3 | question marks here in Washington about USAID's future |
| 0:22.3 | as the Trump administration cracks down on foreign aid. Over the weekend, USAID's website went offline |
| 0:28.4 | amid reports that President Donald Trump plans to dramatically shrink the agency and perhaps |
| 0:32.7 | folded into the State Department, moves that Democrats warn would be illegal without congressional |
| 0:37.8 | sign-off. There are also reports of senior USAID officials losing access to their email, |
| 0:43.2 | and that other email accounts are being surveilled. And some of Trump's closest allies are |
| 0:47.9 | encouraging USAID to be disbanded altogether. Elon Musk, for instance, has in recent days characterized |
| 0:53.7 | the International |
| 0:54.3 | Development Agency as criminal, and wrote that it's time for the agency, quote, to die, unquote. |
| 1:01.0 | Meanwhile, in a trip to Panama, Secretary of State Marco Rubio warned the country's leaders that in the |
| 1:05.8 | opinion of the Trump administration, due to Chinese influence the Latin American nation, |
| 1:10.0 | may be in violation of the treaty |
| 1:11.5 | that keeps the Panama Canal neutral. Now, Panamanian President Jose Raul Molino said that his |
| 1:17.5 | conversation with Rubio was respectful and that there's no real threat of U.S. officials retaking the |
| 1:22.4 | canal. But the State Department countered by saying that without changes, the U.S. would be justified in, |
| 1:28.4 | quote, taking measures necessary to protect its rights under the treaty, end quote. |
| 1:33.3 | But far and away, the biggest thing driving the day today relates to our neighbors immediately |
| 1:37.6 | up north and immediately down south. On Saturday, Trump set into motion a 25% tariff on imports from Canada and Mexico, and a 10% tariff on energy products from Canada. |
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