NBC Meet the Press Meet the Press NOW — May 9
May 9, 2025
President Trump's potential reduction of tariffs on China raises eyebrows as trade talks loom. Tensions within the Republican Party bubble over tax hikes for the wealthy. Justice Allison Riggs celebrates a pivotal Supreme Court victory in North Carolina, emphasizing voter rights. The podcast also highlights Newark Airport's recent communication breakdown, linking it to broader safety concerns in air travel. Finally, the situation in Sudan escalates as humanitarian needs intensify amidst civil unrest, stressing the urgent need for diplomatic resolutions.
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Trump Signals Tariff Reduction
- President Trump signaled willingness to reduce the 145% tariffs on China ahead of trade talks by mentioning an 80% tariff as a possible rate.
- This suggests a strategic shift aiming to de-escalate the trade conflict while still maintaining leverage.
Trump Considers Tax Hikes
- President Trump privately suggested raising taxes on top earners and closing the carried interest loophole to fund his agenda.
- This marks a significant departure from traditional Republican positions against tax increases on the wealthy.
Tax Strategy to Fund Spending
- The Trump administration is seeking savings partly by raising taxes on the wealthy to fund increased spending on immigration and defense.
- Trump intends to weigh in heavily on the bill’s negotiation despite some party resistance.