The President's Daily Brief - PDB Afternoon Bulletin | May 8th, 2025: Trump Announces First Trade Deal Ahead Of Critical China Summit & Violent Antisemitic Protests Return To Columbia University

Episode Date: May 8, 2025

In this episode of The PDB Afternoon Bulletin:  First, President Donald Trump inks a new trade deal with Britain, the first major agreement reached since announcing his plans to impose sweeping ...reciprocal tariffs on U.S. trading partners. The announcement comes just ahead of pivotal talks between the U.S. and China set to take place in Geneva this weekend. Later in the show—violent, antisemitic protests have returned to Columbia University, where police arrested dozens of students Wednesday night after they seized the school's main library in one of the largest and most chaotic demonstrations since last year’s pro-Palestinian campus uprisings. To listen to the show ad-free, become a premium member of The President’s Daily Brief by visiting ⁠PDBPremium.com⁠. Please remember to subscribe if you enjoyed this episode of The President's Daily Brief. YouTube: ⁠youtube.com/@presidentsdailybrief Lean: Visit https://TakeLean.com & use code pb20 for 20% off Birch Gold: Text PDB to 989898 and get your free info kit on gold True Classic: Upgrade your wardrobe and save on @trueclassic at trueclassic.com/PDB ! #trueclassicpod Learn more about your ad choices. Visit megaphone.fm/adchoices

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Starting point is 00:00:00 Yamava Resort and Casino at San Manuel is California's number one entertainment destination for today's superstars. Catch the Jonas Brothers return to the Yamava Theater stage on April 30th. The powerful vocals of Demi Lovato on May 17th and the signature Southern Country Rock of Eric Church on July 19th. Tickets on sale now at Yamavat Theater.com. Only at Yamava Resort and Casino, celebrating its 40th anniversary. You in? Must be 21 to enter. It's Thursday, the 8th of May. Welcome to the PDB afternoon bulletin. I'm Mike Baker, your eyes and ears on the world stage.
Starting point is 00:00:50 All right. Let's get briefed. First, President Trump inks a new trade deal with Britain. The first major agreement reached since announcing his plans to impose sweeping reciprocal tariffs on U.S. trading partners. The announcement comes just ahead of pivotal talks between the U.S. and China, set to take place in Geneva this week. Later in the show, violent anti-S.-Semitic protests have returned to Columbia University, where police arrested dozens of students Wednesday night after they seized the school's main library in one of the largest and most chaotic demonstrations since last year's pro-Palestinian campus uprisings. You have to ask, are these protests that spring up on campuses, are they just grassroots spontaneous events, or are there national and international
Starting point is 00:01:37 organizations behind them that provide funding and communications and logistical support? Really, you have to I mean, is the Pope Catholic? Ooh, speaking of which, we have a new Pope. We'll cover that in detail in tomorrow morning's PDB. All right, let's jump into today's afternoon spotlight. We'll begin with a major economic update. As President Trump inks what he called a, quote, breakthrough trade agreement with the United Kingdom,
Starting point is 00:02:05 the first major deal reached since the president triggered a global trade war through his sweeping tariff agenda. The agreement announced Thursday morning, establishes a new framework for trade between the U.S. and the U.K., though the deal is not yet finalized, with officials saying the finer details will be worked out in the coming weeks. The trade deal will leave in place a 10% U.S. baseline tariff on British imports, while the U.K. will lower its baseline tariffs on U.S. goods from 5.1% to 1.8%. That's according to a report from Reuters. The U.S. will also drop import taxes on British steel and aluminum or aluminum from 25% to zero and reduce a 27.5%
Starting point is 00:02:48 tariff on British automobiles to 10% for a quota of 100,000 vehicles. That's almost the exact number of cars exported by Britain to the U.S. last year. Britain in turn has agreed to drop tariffs on some $700 million in U.S. ethanol imports from 19% to zero, in a major win for the agricultural sector. They also agreed to increase market access for some $250 million worth of U.S. beef, poultry, and other farm products, as well as soft drinks, cereal, and other goods. Additionally, Commerce Secretary Howard Lutnik said the UK had agreed to purchase $10 billion worth of U.S. assembled Boeing aircraft and that the U.S. would allow duty-free imports for Rolls-Jet engines. Details were scant regarding other critical sectors such as U.K.
Starting point is 00:03:39 impositical imports, but a White House fact sheet said measures would be taken to create a secure supply chain for pharma products. All told, the White House said the new trade deal will create $5 billion in new annual export opportunities for American producers, while the 10% baseline tariff will generate, according to the report, some $6 billion in new annual revenue for the U.S. President Trump held it as a historic breakthrough, saying, quote, it opens up a tremendous market for us. This is now turning out to be, really, a great deal for both countries, end quote. British Prime Minister Kirstarmer, meanwhile, called it a, quote, really fantastic historic day, adding, quote, this is going to boost trade between and across our countries. It's going to
Starting point is 00:04:25 not only protect jobs, but create jobs, opening market access, end quote. As I noted, however, other specifics of the new trade arrangement still need to be hammered out. At a press conference Thursday morning in the Oval Office, President Trump said, quote, the final details are being written up in the coming weeks. We'll have it all very conclusive. While the agreement is certainly an encouraging sign, we should note that the U.S. and U.K. were already discussing a new economic relationship before Trump's rollout of sweeping reciprocal tariffs in early April, which he later paused for 90 days. It's also worth mentioning that the U.K. is one of the few countries with which the U.S. doesn't run a deficit. In 2024, the U.S. had a trade surplus of roughly $12 billion with Britain,
Starting point is 00:05:14 and it remains a key market for U.S. exports of crude oil and gas. Investors reacted positively to the news, signaling their hopes that the deal with the U.K. will open the door for the White House to negotiate fresh trade agreements with other countries. All major U.S. stock indexes rallied after the announcement with the Dow Jones Industrial average, jumping more than 600 points. The breakthrough agreement with the UK comes just ahead of critical trade talks between the U.S. and China this weekend, the first direct trade talks since the tariff war began last month. U.S. Treasury Secretary Scott Besant and senior U.S. trade representative Jameson Greer will meet in Geneva, Switzerland with Chinese vice-premier He
Starting point is 00:05:58 Lefong to break the ice on the subject of mutual de-escalation. The talks will reportedly run from May 9th until May 12th, and will cover possible reductions to Trump's 145% tariffs and Beijing's 125% retaliatory tariffs, as well as potential exemptions for specific product categories critical to both the U.S. and Chinese economies. During his Oval Office press conference on Thursday, Trump said the U.S. was headed for a, quote, very good weekend with China, adding, quote, China has a tremendous trade surplus with us. We just can't have that. We're going to have a very good relationship, but on our terms." Despite Trump's optimism, experts say that they don't expect a major breakthrough as direct trade talks resume. Financial analysts say the talks will likely
Starting point is 00:06:49 only serve as a starting point for more detailed negotiations, which many expect could drag on for quite some time. Coming up next, violent anti-Israel protests returned to Colombia. University. That's not a surprise, where police arrested dozens of students Wednesday night after they seized the school's main library. On a positive note, it might have been the first time that any of these gormless half-wits saw the inside of the library. I'll be right back. Hey, Mike Baker here. Let's talk fashion, specifically, let's talk dude style, shall we? I mean, if you're looking to upgrade your look, fellas, the only company that you need, I'm here to tell you, is True Classic. True Classic has one mission to make sure guys look good and feel even better.
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Starting point is 00:10:18 And more than 100 anti-Israel protesters stormed Columbia University's library Wednesday night, sending hundreds of students scrambling for safety in one of the most disruptive campus demonstrations since last year's Gaza War protests resulting in dozens of arrests. The late-night violence unfolded as Columbia and other elite universities face mounting federal scrutiny, along with escalating pressure from the Trump administration, to crack down-on-campus anti-Semitism and to restore order. By the time police cleared the building, 78 protesters had been arrested, and two others issued summonses, that's according to the NYPD.
Starting point is 00:10:55 You know what the NYPD should also do? Well, they should release that list of 70s. protesters that have been arrested and make it clear how many of them are actual students and how many of them are outside activists. Videos from the scene showed helmeted officers escorting students in zip ties to waiting buses as chance of, quote, free Palestine, well, that's original, echoed across the Ivy League campus. University officials said the occupation forced roughly 900 students, 900 students, to flee Butler
Starting point is 00:11:25 Library, many abandoning laptops, backpacks, and no. notes as the confrontation intensified just days before final exams. Acting University President Claire Shipman, who assumed the role in March after her predecessor's resignation over botched protest handling, well, she minced no words. She said the reading room had been defaced and damaged in disturbing ways and with disturbing slogans. One spray-painted threatening message read, quote, we will always come back for Palestine. Shipman described witnessing a public safety officer wheeled out on a gurney, and another being treated for injuries.
Starting point is 00:12:01 She called the protest a threat to student safety and condemned it outright, stating, quote, violence and vandalism, hijacking a library, none of that has any place on our campus, end quote. Organizers from the group Columbia University apartheid divest. Let's see, that acronym would be C-U-A-D. Hmm, I wonder if they thought maybe that spelt a word. Claimed responsibility, calling for the library to be renamed the Basel al-Hol. Raj, popular university, after a Palestinian activist killed by Israeli forces in 2017. Now, honestly, kids,
Starting point is 00:12:36 I don't think that's going to happen. In a statement, the group said the demonstration aimed to, quote, disrupt Colombia's profits and legitimacy, end quote. Before police arrived, campus security had locked the library's doors, briefly triggering a pushing match outside as demonstrators pressed to get in. As tensions rose, the demonstration spilled into the street. beyond campus gates. Wednesday's disruption came just hours after a contentious House Education and Workforce Committee hearing on anti-Semitism in higher education, where three university presidents were grilled over their handling of hate speech and the protection of Jewish students, echoing last year's testimony by then-Columbian President Namat Shafik. It also marks another chapter
Starting point is 00:13:22 in Colombia's escalating standoff with the Trump administration. In March, the White House canceled 400 million dollars in federal funding to the university, citing its failure to discipline student agitators or prevent anti-Semitic incidents on campus. The administration followed up with a list of demands. Ban masks at protests? What? Well, that would be disappointing for a lot of these protesters. I mean, dressing up in masks and kefias and helmets is kind of their cosplay moment. The list also called for the university to enforce existing conduct rules, hold student groups accountable, and reevaluate Columbia's Middle East Studies curriculum. Columbia vowed to comply, but federal pressure has only intensified.
Starting point is 00:14:07 ICE told Fox News, it's now fingerprinting those arrested to determine if any are international students, or frankly, if they're students at all. Secretary of State Mark Arubio confirmed that the administration is reviewing visa eligibility. Hundreds of student visas have already been revoked under the administration's broader crackdown on campus unrest. Meanwhile, New York Mayor Eric Adams praised the NYPD's response, saying the city, quote, stands with Jewish students. Governor Kathy Hokel echoed that support, thanking law enforcement and university security for ensuring student safety. And that, my friends, is the PDB afternoon bulletin for Thursday, the 8th of May.
Starting point is 00:14:48 Now, if you have any questions or comments, please reach out to me at pdb at thefirsttv.com. And to listen to the show ad-free, well, it's easy. I'm a premium member of the President's Daily Brief by visiting pdbpremium.com. See, I told you it was easy. I'm Mike Baker, and I'll be back tomorrow. Until then, stay informed. Stay safe. Stay cool.
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