Morning Wire Trump Trade War & Defunding the Ivy League | 4.8.25
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Apr 8, 2025 
Cabot Phillips, a senior editor at Daily Wire, dives into President Trump's steadfast tariff policies, linking them to market stability and geopolitical tensions, particularly with China. He discusses the Trump administration's proposed funding cuts to elite colleges amid accusations of inadequate protections for Jewish students. Phillips also touches on the heated debate surrounding transgender athletes in women's sports, highlighting protests from female competitors and raising questions about fairness and inclusion in athletics.
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Trump's Trade Stance
- President Trump remains steadfast on his tariff policy despite market fluctuations.
- He believes this is a unique opportunity to reshape trade dynamics.
Fake News Impact
- A fake news headline about Trump pausing tariffs caused a brief market surge.
- This highlights market sensitivity and desire for positive news amidst uncertainty.
Market Uncertainty
- Kenny Polcari suggests the market's anxiety stems from uncertainty, not necessarily bad news.
- Certainty allows markets to adjust, while uncertainty fuels volatility.