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The Last Word with Lawrence O’Donnell

Velshi: Trump about to face down adversary China, 'weakened, overextended' and stuck in his Iran war

The Last Word with Lawrence O’Donnell

Lawrence O'Donnell, MS NOW

Politics, Washington, Congress, News, Ms Now, President, Versant Media, Policy, Versant, Government, Senate

4.56.4K Ratings

🗓️ 12 May 2026

⏱️ 41 minutes

🧾️ Download transcript

Summary

Tonight on The Last Word: Donald Trump says he wants Venezuela to be the 51st state. Also, Trump’s war in Iran is hurting the U.S. economy. Plus, Trump’s redistricting war escalates nationwide. And Trump’s second term retribution campaign continues. Rep. Adam Smith, Rep. Brendan Boyle, Norm Eisen, and Barbara McQuade join Ali Velshi.

Transcript

Click on a timestamp to play from that location

0:00.0

Well, this week, Donald Trump heads into a critical meeting with China, but he's weakened and he's

0:05.4

overextended, and he's still stuck in a war in Iran that's actively reshaping global power

0:10.2

away from Washington. This is a war that's now stretching into its 11th week with no clear end in

0:16.0

sight as it drains American resources and strains diplomatic ties just two days before this high-stakes meeting

0:22.3

with China, our biggest adversary. For generations, Americans understood the presidency carried

0:28.6

a unique responsibility in moments of international crisis, not just to command the military,

0:34.3

but to clearly explain and guide and reassure the public and America's

0:38.8

allies that there is a coherent strategy behind the deployment of American power. But as Trump

0:45.4

prepares for this upcoming two-day summit with the leader of China, Xi Jinping, he hasn't done any of that.

0:51.6

And it's hurting our standing in the world. And today, on day 72 of

0:55.3

Donald Trump's war in Iran, China now sees the United States as a, quote, giant with a limp, end

1:02.4

quote. The New York Times reports, quote, to some Chinese military and geopolitical analysts,

1:07.6

the war has done more than deplete U.S. munition stockpiles. It has also shattered

1:12.6

America's aura of dominance. They argue that it's exposed a major flaw in U.S. war strategy,

1:18.9

its inability to make weapons quickly enough to replenish its arsenal in a sustained, intense

1:24.9

conflict. This depletion has significantly diminished the U.S. military's

1:29.3

ability to project its combat power, laying bare the shortcomings of its global military

1:34.6

hegemony, said U.A. Gong, a retired colonel of the People's Liberation Army in an interview.

1:40.1

The Atlantic warns that Washington may be no longer capable of reversing or even controlling the consequences of America losing the war in Iran.

1:49.2

Quote, there will be no return to the status quo ante, no ultimate American triumph that will undo or overcome the harm done.

1:57.0

The Strait of Hormuz will not be open as it once was. With control of the

2:01.8

strait, Iran emerges as the key player in the region and one of the key players in the world.

...

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