The Briefing with Jen Psaki

Trump scoffs at rising prices for families while his inner circle cashes in on foreign deals

10 snips
May 8, 2025
Tim Walz, Governor of Minnesota and former U.S. Representative, and Raphael Warnock, Senior U.S. Senator from Georgia and senior pastor, discuss the troubling effects of Trump's tariffs on baby products, which have driven up prices for new families. They explore how Trump's family and associates profit from foreign deals, raising ethical concerns about political leadership. The conversation emphasizes the disconnect between the wealthy elite and everyday Americans, advocating for policies that better serve working-class families.
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INSIGHT

Starlink's Advantage Amid Tariffs

  • Elon Musk's Starlink satellite business gained preferential licenses in several countries amid Trump's tariff announcements.
  • U.S. government and embassies pushed foreign nations towards Starlink, leveraging political influence.
INSIGHT

Tariffs Hit Baby Necessities Hard

  • Trump's tariffs doubled costs for baby products, causing shortages and price hikes.
  • Essential items like car seats faced rising prices despite their critical need for families.
ANECDOTE

Trump Family's Overseas Profit

  • Trump's children benefit financially from lucrative foreign deals and ventures while families face price hikes.
  • Trump sons' projects include luxury towers abroad and Trump-branded cryptocurrencies selling access to the president.
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