The Megyn Kelly Show - Canada Blinks First on Tariffs, Ukraine Agrees to Ceasefire, Trump Goes Car Shopping： AM Update 3⧸12

00:00:00.000 Good morning, everyone. I'm Megyn Kelly. It's Wednesday, March 12th, 2025, and this is your

00:00:08.180 AM update. President Trump believes in reciprocity and all he's asking for at the end of the day

00:00:13.940 are fair and balanced trade practices. Canada backs down in the tariff standoff as Ontario's

00:00:20.080 leader cancels a planned retaliatory measure. This after President Trump's threat to double

00:00:25.240 tariffs on steel and aluminum. Hopefully, President Putin will agree to that also.

00:00:30.320 And we can get this show on the road. A crucial step in the peace process,

00:00:34.480 Ukraine agrees to a ceasefire. Now it's up to the Russians to take the next step toward peace.

00:00:40.040 The left erupts over the deportation of Columbia University agitator Mahmoud Khalil,

00:00:46.140 and President Trump goes car shopping. All that and more coming up in just a moment on your AM update.

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00:01:57.760 ready. The House passes the continuing resolution funding the government for the next six months.

00:02:06.260 The bill passing Tuesday evening on a nearly party-line vote, 217 to 213. Kentucky Congressman

00:02:13.400 Thomas Massey following through on his promise to vote against the bill. In response, President

00:02:18.120 Trump calling to primary Congressman Massey, a move receiving mixed reactions on the right.

00:02:23.980 Speaker Johnson on Tuesday saying he is in the business of defending the incumbent despite his

00:02:28.540 disagreement with Mr. Massey on the CR. The bill now moves to the Senate, where it faces complete

00:02:34.340 Democrat opposition. It does require 60 votes to pass. Republicans only account for 52 yes votes,

00:02:42.100 as Kentucky Senator Rand Paul, a Republican, says he is also a no. The deadline is 11.59 p.m. on Friday,

00:02:50.020 otherwise, a shutdown looms.

00:02:56.200 Ontario Premier, which is like a governor, Doug Ford, backing down almost immediately on a 25%

00:03:02.500 electricity surcharge on roughly 1.5 million residents of New York, Michigan, and Minnesota.

00:03:09.340 On Tuesday morning, Mr. Ford played tough, slapping on the surcharge in response to Mr. Trump's 25%

00:03:15.860 tariff on Canada, meant to encourage a crackdown on fentanyl. Mr. Ford saying Americans needed to,

00:03:21.760 quote, feel the pain.

00:03:23.540 We will not back down. We will be relentless. I apologize to the American people that President

00:03:30.220 Trump decided to have an unprovoked attack on our country, on families, on jobs, and it's unacceptable.

00:03:37.420 In response to Mr. Ford's threats, President Trump announcing he would increase aluminum and steel

00:03:42.900 tariffs on Canada to 50%. Within a matter of hours, Mr. Ford backed down, reversing the surcharge,

00:03:50.380 saying he will meet with Secretary of Commerce Howard Lutnick on Thursday in Washington to further discuss

00:03:56.380 tariffs and trade. Press Secretary Caroline Levitt addressing the matter on Tuesday.

00:04:01.140 The president is, again, responding to the fact that Canada has been ripping off the United States

00:04:07.940 of America and hardworking Americans for decades. If you look at the rates of tariffs across the board

00:04:14.360 that Canadians have been imposing on the American people and our workers here, it is egregious. 0.98

00:04:20.020 American cheese and butter, nearly 300% tariff. President Trump believes in reciprocity,

00:04:26.740 and it is about dang time that we have a president who actually looks out for the interests of American

00:04:32.000 businesses and workers. And all he's asking for at the end of the day are fair and balanced trade

00:04:37.960 practices. Markets struggling under the tariff turf wars. The Dow Jones closing Tuesday with a 1.1% drop,

00:04:44.680 the S&P 500 with a 0.8% decline, and the Nasdaq with a 0.2% fall. Each of the three indices marking

00:04:52.680 their worst two-day drop since August. Ms. Levitt responding to concerns. 0.67

00:04:57.140 First of all, when it comes to the stock market, the numbers that we see today, the numbers we saw

00:05:01.200 yesterday, the numbers we will see tomorrow are a snapshot of a moment in time. We are in a period

00:05:07.240 of economic transition. We are in a period of transition from the mess that was created under

00:05:13.360 Joe Biden in the previous administration. Joe Biden left this country in an economic disaster.

00:05:18.940 In the first Trump administration, success was measured by markets. This time around,

00:05:23.540 the president urging Americans to be patient, as he says the short-term suffering will be worth

00:05:28.780 the long-term gains. Despite generally negative attitudes in the media, the Trump tariffs on

00:05:34.120 Canada and Mexico are making inroads toward the president's goal of reducing fentanyl trafficking

00:05:39.780 into the U.S. Just ask the New York Times. Yes, the New York Times is the daily podcast

00:05:46.660 embedding with Mexican fentanyl producers to report on the impact of increased government

00:05:52.200 enforcement efforts. And listen to this. They said, no, we shut everything down. There is such an

00:05:59.580 intense crackdown by the government right now, and we're under so much scrutiny and pressure that

00:06:06.040 we're not cooking anything. We're trying to sell our cars and other property to try to make up for

00:06:12.000 lost income because nothing is going on here. I mean, obviously, the threat of military intervention

00:06:19.040 in any way, even if it's just targeted strikes, is anathema in Mexico. But the threat of tariffs has

00:06:26.960 long seemed much more credible. I have to say, of the two, I think the tariff threat is the one that

00:06:34.300 really spurs the action. Unlike heroin made from poppies and cocaine made from cocoa leaves,

00:06:40.120 fentanyl is a fully synthetic drug made from chemicals. Producing the drug is relatively easy

00:06:45.620 and labs can be set up almost anywhere, which is why up until now, it has been such a lucrative

00:06:50.920 option for cartels. President Scheinbaum ramping up police activity, making hundreds of arrests

00:06:57.000 throughout Mexico, including of senior cartel officers. The Daily reporting genuine fear among

00:07:03.360 higher level cartel members. His hands are trembling in front of us. And he said, the only option for me

00:07:11.100 right now is survival. No, we're not cooking. No, we're not making fentanyl. The main thing that has

00:07:16.800 changed from when you were here last is that Trump is in office and he's making all of these threats

00:07:23.260 and the Mexican government is cracking down like never before. Fentanyl is the leading cause of drug

00:07:30.080 overdoses in America. More than 450,000 Americans have died of synthetic opioid overdoses in the last

00:07:37.440 10 years. While that number is on a year to year decline, last year, synthetic opioids like fentanyl

00:07:43.440 claimed 55,126 American lives, according to the CDC. Secretary of State Marco Rubio on Tuesday

00:07:55.300 announcing a major update on negotiations with the Ukrainians toward a peace deal.

00:08:00.660 Today, we made an offer that the Ukrainians have accepted, which is to enter into a ceasefire 0.98

00:08:05.120 and into immediate negotiations to end this conflict in a way that's enduring and sustainable

00:08:10.640 and accounts for their interests, their security, their ability to prosper as a nation. We'll take

00:08:15.900 this offer now to the Russians and we hope that they'll say yes, that they'll say yes to peace.

00:08:19.880 The ball is now in their court. This marks a dramatic shift for the Ukrainians who previously 1.00

00:08:23.940 resisted a ceasefire until the U.S. was willing to provide security guarantees. Kiev agrees to a

00:08:30.060 30-day ceasefire and in exchange, the U.S. will lift the pause on sharing military and intelligence

00:08:35.760 aid with Ukraine. CBS News reporting the unfrozen military aid includes about $1 billion in equipment

00:08:42.740 approved under the Biden administration. The agreement also says Ukrainian President Volodymyr

00:08:47.880 Zelensky and President Trump will sign the minerals deal as soon as possible. President Trump

00:08:53.440 responding optimistically Tuesday afternoon. Hopefully, President Putin will agree to that

00:08:58.380 also and we can get this show on the road. It's a big difference between the last visit you saw at

00:09:04.440 the Oval Office. That's a total ceasefire. Ukraine has agreed to it and hopefully Russia will agree to it.

00:09:12.000 Special Envoy Steve Witkoff will be traveling to Russia to present the deal to the Kremlin.

00:09:16.260 A hearing set today in the deportation case of former Columbia University student and campus

00:09:25.420 agitator Mahmoud Khalil. Mr. Khalil arrested by ICE on Saturday afternoon after his green card

00:09:31.860 was revoked. His deportation paused by a federal judge pending a further hearing. The arrest igniting

00:09:38.600 a firestorm on the left and some on the right even questioning it, framing it as a free speech issue

00:09:44.500 with Mr. Khalil, the victim of an authoritarian regime.

00:09:49.520 This is extremely unprecedented. The government has not provided evidence that Khalil was in any way

00:09:56.660 cooperating, working with Hamas. The idea that he is an extremist or violence is preposterous to anyone

00:10:05.400 who knows him. This is the kind of thing that we are accustomed to seeing really in the world's most

00:10:11.980 repressive regimes. This is the kind of thing that you would expect in a place like China or Egypt 0.93

00:10:17.460 or something like that. Mr. Khalil currently held in a Louisiana detention facility. Cornell immigration

00:10:23.560 law professor Jacqueline Kelly Widmer tells the AP green card holders do not need to be convicted of

00:10:29.420 something to be removable when the offending action relates to terrorism. The White House stating the

00:10:35.020 decision was made following this man's role in organizing last year's violent and disruptive

00:10:39.940 anti-Israel protests at Columbia. This is an individual who organized group protests that not

00:10:46.960 only disrupted college campus classes and harassed Jewish American students and made them feel unsafe

00:10:53.640 on their own college campus, but also distributed pro-Hamas propaganda. And this administration is not

00:11:00.420 going to tolerate individuals having the privilege of studying in our country and then siding with

00:11:06.180 pro-terrorist organizations that have killed Americans. The New York Post reporting Mr. Khalil

00:11:11.840 was born in Syria in 1995 and briefly served as a political affairs officer with the UN's Relief and

00:11:19.180 Works Agency for Palestinian Refugees. Multiple reports in 2024 revealed ties between that group and

00:11:25.980 Hamas, a group the U.S. recognizes as a terrorist organization, ultimately leading the Biden administration

00:11:31.660 to cut funding for this UN group. As a Columbia student, Mr. Khalil served as a student negotiator

00:11:37.520 for the Columbia University Apartheid Divest group. The New York Post reports that group, quote,

00:11:43.660 sympathizes with terror groups like Hamas and Hezbollah and calls for the end of Western civilization,

00:11:50.040 end quote. The Columbia group's public Instagram showing hundreds of images calling for disruptive

00:11:55.240 student actions. Dozens of photos showing men and women donning Palestinian cafeas. A cartoon image

00:12:01.740 of a young black child throwing a Molotov cocktail. Captioned, resist all colonial powers, resist white 0.90

00:12:08.060 supremacy. Another advertising a protesting skills seminar. One advertising a vigil titled,

00:12:14.580 all martyrs have a name. The Trump administration has vowed to crack down on illegal protesting,

00:12:20.220 saying Mr. Khalil is just the first of many to come.

00:12:22.780 Columbia University has been given the names of other individuals who have engaged in pro-Hamas

00:12:28.120 activity, and they are refusing to help DHS identify those individuals on campus. And as

00:12:34.240 the president said very strongly in his statement yesterday, he is not going to tolerate that.

00:12:38.700 The Trump administration has already cut $400 million in funding to the university.

00:12:45.020 Coming up, President Trump goes car shopping, and the media is suspiciously silent on one of their

00:12:51.060 recent favorite subjects, egg prices.

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00:14:05.580 Four Tesla cyber trucks torched in Seattle. The suspect and motive not yet identified,

00:14:16.200 though it follows a similar pattern across the country, of attacks against Elon Musk's electric

00:14:21.040 car company. In North Charleston last week, a masked vandal spray-painted F-Trump long-live Ukraine

00:14:28.020 near Tesla charging stations before launching Molotov cocktails at the station. The local NBC outlet

00:14:34.320 reporting witnesses say the suspect caught his own back on fire while fleeing the scene. In Manhattan,

00:14:40.600 protesters gathered outside a Tesla showroom in the swanky West Village, chanting against Elon Musk's

00:14:46.440 involvement with Doge and the Trump administration. These incidents, just a few examples of similar

00:14:52.060 disturbances and disruptions against Tesla locations in recent weeks. President Trump backing

00:14:57.720 Elon Musk on Tuesday with the purchase of a brand new Tesla.

00:15:01.660 I'm going to buy because, number one, it's a great product, as good as it gets. And number two,

00:15:06.860 because this man has devoted his energy and his life to doing this. I think he's been treated very

00:15:12.560 unfairly by a very small group of people. Because he's able to find billions and billions and billions

00:15:20.780 of dollars of fraud and waste and all of the things. I mean, our country is going to be very strong very

00:15:25.740 soon because of a lot of the things that he's done. Despite increasing competition, Tesla leads

00:15:31.380 the U.S. electric vehicle market with approximately 49 percent of sales. In second place, Ford at just

00:15:38.000 8 percent of recent sales. Egg prices making like Humpty Dumpty and having a great fall. Average

00:15:47.440 prices falling by nearly $2 a dozen, now cheaper than when President Trump took office. Egg prices

00:15:53.680 have been steadily rising over the past several years due to increasing inflation and widespread outbreaks

00:15:59.080 of avian flu. Under the Biden administration, prices increased by 22 percent and kept rising under

00:16:05.460 President Trump. The drop in prices coming two weeks after Agriculture Secretary Brooke Rollins

00:16:10.360 announced a $1 billion investment aimed at reducing egg costs. And just days after the DOJ launched an

00:16:17.740 investigation into egg producers for alleged price fixing and market manipulation. Secretary Rollins

00:16:23.620 telling Fox Business the work is just getting started. We're seeing some relief. We've got a long way to

00:16:29.240 go. Listen, combating the avian bird flu is not something that we can do overnight. It is a long

00:16:35.440 term effort. But the Biden administration, this was a major problem that they had two years ago.

00:16:42.020 They talked about it. They wrote some plans about it. And then nothing ever happened. So I think that

00:16:48.140 it's really important to know and for your viewers that we are on it. We have a major plan we've rolled

00:16:52.720 out. As you mentioned, it's got five different points. But the really piece of at least right now

00:16:57.100 today, good news is that the price of eggs seem to be coming down. Forbes reporting the avian flu

00:17:01.980 outbreak began in February 2022. Since then, an estimated 166 million chickens have been culled

00:17:08.920 under USDA policy. The administration's plan increases funding for biosecurity measures to

00:17:14.220 prevent further spread of the flu and increases funding to replace lost chicken populations,

00:17:19.500 among other measures. The increasing cost of eggs, a major focus for Democrats and the media

00:17:24.680 since January 20th. This president ran on lowering the cost of groceries, gas, rent and eggs on day

00:17:33.280 one. It has been a huge betrayal of that one promise that he made to the American people.

00:17:39.040 We have corruption up, we have chaos up and we have costs up. Ask anyone in the egg aisle.

00:17:44.500 So the price of eggs is up. Americans are struggling when it comes to the cost of eggs.

00:17:49.620 After months of breathless reporting on high prices, the sudden decline doesn't seem to

00:17:54.920 interest the media or Democrats. Go figure. And that'll do it for your AM Update. I'm Megan

00:18:02.180 Kelly. Join me back here all week for our special series, Megan Kelly Investigates on the disappearance

00:18:08.040 of baby Lisa Irwin, a 10-month-old girl who disappeared from her crib in the dark of night.

00:18:13.760 It will air on SiriusXM Triumph Channel 111 at noon east, on youtube.com slash Megan Kelly,

00:18:19.660 and on all podcast platforms on the Megan Kelly Show feed.

The Megyn Kelly Show - March 12, 2025

Canada Blinks First on Tariffs, Ukraine Agrees to Ceasefire, Trump Goes Car Shopping： AM Update 3⧸12

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