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Laura Coates Live

Trump Shifts On China Amid Tariff Turmoil: No “Hardball”

Laura Coates Live

CNN

News

4.22.5K Ratings

🗓️ 23 April 2025

⏱️ 43 minutes

🧾️ Download transcript

Summary

US President Donald Trump has signaled a potential U-turn on his trade war with China, saying the high tariffs on Chinese goods will “come down substantially, but it won’t be zero.” Trump’s remarks, made at a White House news event Tuesday, appear to mark a rhetorical climbdown after weeks of tough posturing and tit-for-tat retaliation that sent tariffs on China beyond a staggering 145%. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Tonight, making caving great again, the new signs that Trump might be caving in the trade war,

0:09.6

as must signal some caving on his Doge mission.

0:12.5

Tonight on Laura Crote's Live.

0:20.7

So you know that cost-cutting chainsaw that Elon Musk loves to wave around?

0:25.7

Something is getting ready to hang it in the shed for a little while, at least, maybe put it in low-power mode.

0:32.6

A large slug of work necessary to get the Vones team in place and working in the government to get the financial house in order is mostly done.

0:45.5

Starting probably in next month, May, my time allocation to Doge will drop significantly.

0:57.8

He made that announcement on a Tesla earnings call. And as for those earnings, well, they are good.

1:05.6

The company's profits plunged by 71% the first three months of the year.

1:11.1

So must will now get back to building cars

1:13.5

and maybe keep Doge as more of a side hustle.

1:18.5

I'll have to continue doing it for,

1:20.8

I think we'll probably the remainder of the president's

1:23.7

term, just to make sure that the waste and fraud

1:26.6

that we stop does not come roaring back.

1:29.5

I'll continue to spend a day or two per week on government matters for as long as the president would like me to do so, and as long as it is useful.

1:42.3

But starting next month, I'll be allocating far more of my time to Tesla.

1:51.0

He also addressed the elephant in the room.

1:54.0

We're talking about President Trump's trade war and his sky-high tariffs hurting Tesla's bottom line.

2:00.0

The tariff decision is entirely up to the President of the United States.

2:04.6

I will weigh in with my advice with the President, which he will listen to my advice,

2:10.6

but then it's up to him, of course, to make his decision.

...

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