With Election Day right around the corner, the race for New Jersey Governor is in a statistical tie. President Trump returns from a marathon tour through Asia, culminating in significant progress on a new trade agreement with China, and it s that time of year again - the clock s set to fall back this weekend and regain an glorious hour of sleep.
00:09:42.980In a dramatic shift in U.S. nuclear policy, President Trump announcing Wednesday that the U.S. will resume nuclear weapons testing for the first time since 1992, according to the Associated Press.
00:09:55.560Just for some perspective, that was the year some of us graduated from college and the number one song in the nation was I Will Always Love You by Whitney Houston.
00:10:04.040Mr. Trump, writing ominously on Truth Social, quote,
00:10:07.880The U.S. has more nuclear weapons than any other country.
00:10:11.500This was accomplished during my first term in office.
00:10:14.260Because of the tremendous destructive power, I hated to do it but had no choice.
00:10:19.460Because of other countries' testing programs, I have instructed the Department of War to start testing our nuclear weapons on an equal basis.
00:10:28.960Prior to Mr. Trump's post, the nonpartisan nuclear watchdog Federation of American Scientists placing Russia ahead of America in total nuclear stockpile with about 4,300 active warheads compared to what they said was about 3,700 for the U.S.
00:10:45.420The announcement coming shortly after Russian President Vladimir Putin announcing the successful test of an underwater nuclear-powered drone called the Poseidon and just days after revealing a separate test of a nuclear-capable missile.
00:11:00.140Mr. Putin's saying of the Poseidon, quote,
00:11:02.020There is nothing like this in the world in terms of the speed and depth of the movement of this unmanned vehicle, and it is unlikely there ever will be.
00:11:10.320All of this unfolding amid a breakdown in talks for a planned summit between Presidents Trump and Putin.
00:11:16.740Overnight Wednesday, Mr. Trump speaking to reporters aboard Air Force One.
00:11:22.080We've halted it years, many years ago.
00:11:25.640But with others doing testing, I think it's appropriate that we do also.
00:11:29.780I'd like to see a denuclearization because we have so many and Russia is second and China is third.
00:11:38.160I think de-escalation would be, they would call it denuclearization, would be a tremendous thing.
00:11:44.980And it's something, we are actually talking to Russia about that, and China would be added to that if we do something.
00:11:52.580Coming up, President Trump and Chinese President Xi Jinping meet face-to-face for the first time in years to discuss a number of critical trade issues.
00:13:35.060President Trump back in the U.S. after nearly one week in Asia on a multi-country diplomatic trip, culminating in a meeting in South Korea with Chinese President Xi Jinping.
00:13:45.940Over the last several months, U.S. and Chinese negotiators inching toward a deal as rising tensions between the two nations threatened to erupt in an all-out trade war.
00:13:55.260With crucial rare earth minerals, semiconductors, and billions in tariffs on the line, the talks carrying major economic stakes, not just for those at the table, but the rest of the world as well.
00:14:07.480Mr. Trump leaving the meeting without inking the deal, though on Air Force One, noting it could be signed pretty soon.
00:15:06.420That will, I think, be very routinely extended as time goes by.
00:15:09.760The flow of fentanyl and the chemical precursors used by cartels to make the deadly drug, often originating in China and then processed in Mexico before these materials are funneled into the U.S., a key sticking point between Washington and Beijing.
00:15:26.000U.S. officials previously accusing the Chinese of not doing enough to crack down on illegal precursor exports.
00:15:32.520On fentanyl, we agreed that he was going to work very hard to stop the flow.
00:15:38.920You know, it's a very complex subject because it's used for lots of different reasons, including anesthetics and things.
00:15:47.120But he's going to work very hard on it, precursors.
00:15:50.800And I think you're going to see some real action taken.
00:15:54.980And I've agreed, as you know, I put a 20 percent tariff on China because of the fentanyl coming in, which is a big tariff.
00:16:03.280And based on his statements today, I reduced it by 10 percent.
00:16:06.560So I believe he's going to work very hard to stop the death that's coming in.
00:16:12.300But again, it's complex because of what fentanyl is, what the precursors do.
00:16:18.680Mr. Trump saying the overall tariff rate will be reduced from 57 percent to 47 percent effective immediately.
00:16:26.760President Xi echoing the goodwill, saying at the start of the meeting, quote,
00:16:30.720In the face of winds, waves and challenges, you and I at the helm of China-U.S. relations should stay the right course
00:16:37.820and ensure the steady sailing forward of the giant ship of Chinese-U.S. relations.
00:16:42.820President Trump set to visit China, along with the First Lady, in April, with the Chinese president visiting the U.S. sometime after that.