Shownotes Transcript
Clarification on China and tariffs. Lisa Brady, Fox News. The White House says tariffs on Chinese imports could come down, but not without a trade deal first. The U.S. will not lower tariffs on Chinese goods unilaterally, White House Press Secretary Caroline Leavitt says.
arguing the 145% rate is giving President Trump leverage. Many on both sides of the aisle have pledged to do what's right for the American worker and our manufacturing industry, but this is the first president to actually use the leverage of the United States to bring people to the table. Levitt says more than a dozen nations have submitted written proposals for new trade agreements. China is not among them. Have some patience and you will see.
Tariffs on most other trading partners are paused through the next three months. Fox's Jared Helper. And at the White House, the president earlier today describing talks with China as active. The U.S. Treasury Secretary offerings a reassurance that America first does not mean America alone. Also stopping short of calling for the U.S. to withdraw from the World Bank and the International Monetary Fund during a speech to the Institute of International Finance.
The Dow up 419 points at the bell, but that is well off session highs. After a morning rally cooled, the Dow finishing back under 40K. An Army training base commander is suspended in Wisconsin. Colonel Shayla Baez Ramirez is temporarily relieved of her duties as garrison commander at Fort McCoy. The Pentagon posted on X images of the pictures of President Trump and Defense Secretary Pete Hegseth
Turn to the wall, as well as images of the photos displayed correctly. With those photos was a caption saying, we fixed it. It has not been said who is responsible for turning the photos around. Colonel Baez Ramirez's suspension is also said to not be the result of any misconduct. Fox News Colonel Scott Samerica is listening to Fox News. This episode is brought to you by Shopify.
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Stay tuned. What amounts to the penalty phase of Google's antitrust trial? After a federal judge ruled last year, the company has an online search monopoly. The Justice Department now seeking an order to require Google to take steps, including selling its Chrome browser, to end the monopoly. This court case is based on Google's dominance in search, but so much has been focused on artificial intelligence, and that's because two of the remedies that the government is proposing have
to do with AI. One is sharing data with competitors and the other is spinning off Chrome. One of the witnesses who was called, who's the head of product for chat GBT, Nick Turley, he was asked if OpenAI was open to and able to buy Chrome. He said,
Yes. The government is also arguing that data sharing is necessary to keep AI competitive so that we don't run into the same situation we had with search. Fox Business' Madison Allworth, Google's lawyer, has argued the DOJ proposals amount to a wish list for competitors seeking the benefits of Google's innovations.
India is downgrading diplomatic ties with Pakistan, also suspending a water-sharing treaty, blaming its rival neighbor for a militant attack on tourists that killed 26 people yesterday in Kashmir, where Pakistan denies backing terrorism. The number of injuries rising to more than 230 after an earthquake
The earthquake shook buildings in Turkey's largest city, Istanbul, and surrounding areas. There are no reports of serious damage, although scores of people were hospitalised, many with injuries sustained trying to jump out of buildings.
The U.S. Geological Survey reports the earthquake had a shallow depth of about six miles and a magnitude of 6.2. There were more than 50 aftershocks. Fox's Jonathan Savage recapping stocks. The Dow finishing up more than 400 points. The S&P also gaining more than 1%. The Nasdaq up more than 2%. There was a bigger rally earlier in the day. Lisa Brady, Fox News.
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