Trump Suspends Ukraine Aid, Canada-Mexico Tariffs Kick In, Major Address Tonight: AM Update for 3⧸4
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Summary
Trump pauses all military assistance to Ukraine until they commit to peace. Mexico warns the U.S. that they ll have to pay a 25% tariff on their exports unless they stop building the Mexican border fence. President Trump delivers a joint address to Congress. And the Protection of Women and Girls in Sports Act finally goes to the Senate floor.
Transcript
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Good morning, everyone. I'm Megan Kelly. It's Tuesday, March 4th, 2025. And this is your
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AM update. The American people's patience is not unlimited. Their wallets are not unlimited
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and our stockpiles and munitions are not unlimited. National Security Advisor Mike
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Walls with a stark warning to Ukrainian President Volodymyr Zelensky as President Trump pauses
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all Ukraine funding until they commit to peace. It's 25% on Canada and 25% on Mexico and that'll
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start. So they're going to have to have a tariff. President Trump gets tough with Mexico and Canada
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imposing tariffs as Mexico gets a warning from the Secretary of Defense, crack down on your cartels
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or the U.S. military will do it for you. I'll look ahead at President Trump's joint address to
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Congress tonight. Who will be there and who won't? And the Protection of Women and Girls in Sports Act
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finally goes to the Senate floor. How did the Democrats vote? All that and more coming up in
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journey today. Western leaders appealed to the U.S. for backing on a peace deal as Ukrainian
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President Volodymyr Zelensky's latest comments further alienate President Trump. Late Sunday
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evening, President Zelensky telling reporters before departing London, quote, an agreement to end the war
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is still very, very far away and no one has started all these steps yet. The first step to ending the
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war was supposed to come in the form of an economic agreement signed by the U.S. and Ukraine. That deal
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blew up last Friday when a friendly pre-signing sit-down turned into a clash between Mr. Zelensky
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and Mr. Trump, as well as Vice President J.D. Vance. President Trump posting on Truth Social, quote,
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this is the worst statement that could have been made by Zelensky and America will not put up with it for
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much longer, a harbinger of what was to come later in the day. Late Monday, the president announcing
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a pause to military aid for Ukraine. Bloomberg citing a senior Defense Department official in
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reporting this pause will remain in effect until Ukrainian leaders demonstrate a good-faith
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commitment to peace. Mr. Trump says Mr. Zelensky does not want peace, not as long as he has America's
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backing. Mr. Trump also noting European leaders told Zelensky peace cannot be achieved without U.S.
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support. Russian President Vladimir Putin has yet to publicly comment on the fallout from the
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Oval Office meeting. Several Russian officials expressing enthusiasm for the deterioration in
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relations. A Kremlin spokesperson saying the rapidly changing foreign policy messaging of the Trump
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administration, quote, largely aligns with our vision. Democrats remain highly critical of the White House.
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The president of the United States is a coward who is Vladimir Putin's puppet. It was so embarrassing
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to me as an American. I just want to say that publicly. This is not the way our leaders have ever
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behaved. This was a setup for the cameras. It was a play to his base. But above all, it was a play to
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Vladimir Putin. Despite Democrat criticism and Kremlin celebrations, U.K. Prime Minister Keir Starmer,
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acting as the intermediary in the hopes of restoring U.S.-Ukrainian relations, telling the House of Commons
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on Monday, President Trump is serious about making peace. We must strengthen our relationship with
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America. This week has shown with total clarity that the U.S. is vital in securing the peace we all want to
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see in Ukraine. So I welcome the opportunity for a new economic deal with the U.S., confirmed by the
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president last week. I also welcome the president's continued commitment to that peace, which nobody in
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this House should doubt for a second is sincere. In the lead up to President Trump's pause on funding
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late last night, National Security Advisor Mike Walls on Fox News warned the Ukrainians U.S. aid is not
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unconditional. Success looks like President Zelensky sitting down and talking the terms of peace,
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talking about what he needs to see, Ukraine needs to see to get to a partial ceasefire, a permanent
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ceasefire and an end to this war. But here's the problem. Time is not on his side. Time is not on the
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side of just forever continuing this conflict. The American people's patience is not unlimited.
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Their wallets are not unlimited. And our stockpiles and munitions are not unlimited that we need for
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all kinds of contingencies around the world. Yesterday afternoon, President Trump was asked
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if the minerals deal could be revived. Well, I'll let you know we're making a speech. You probably heard
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about it tomorrow night, so I'll let you know tomorrow night. But no, I don't think so. I think
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I want to see it end fast. I don't want to see this go on for years and years. Now,
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President Zelensky supposedly made a statement today in AP. I'm not a big fan of AP, so maybe
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it was an incorrect statement. But he said he thinks the war's going to go on for a long time.
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The president mentioning his team was working on next steps, describing a fluid situation.
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Mr. Trump told reporters he wants the killing to stop, citing his intelligence briefings showing
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thousands of young men, Ukrainian and Russian, are being killed each week. President Trump says
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he wants to see the war ended on a humanitarian basis.
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25 percent tariffs on Mexico and Canada going into effect as of midnight last night. The tariffs
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originally paused one month ago to allow the neighboring countries time to take action,
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reducing the flow of drugs, especially fentanyl, into the U.S. President Trump announced yesterday
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from the Roosevelt Room he wants to see more from Mexico and Canada in economic terms as well.
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The tomorrow tariffs, 25 percent on Canada and 25 percent on Mexico, and that'll start.
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So they're going to have to have a tariff. So what they have to do is build their car plants,
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frankly, and other things in the United States, in which case they have no tariffs.
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And it's going to be very costly for people to take advantage of this country. They can't come in
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and steal our money and steal our jobs and take our factories and take our businesses
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and expect not to be punished. And they're being punished by tariffs.
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The legal basis for the tariffs is a national emergency relating to drugs flowing into the U.S.
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Illegal border crossings are down approximately 94 percent since last year, according to Border
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Patrol chief Mike Banks. Last week, President Trump telling reporters that was largely due to U.S. actions.
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One week ago, authorities in San Diego arrested an individual in possession of 720,000 fentanyl pills.
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That same day, Customs and Border Protection seized more than $872,000 worth of cocaine from a vehicle
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entering the country near Laredo, Texas. In an effort to comply with President Trump's demands,
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the Mexican government extradited 29 drug bosses to United States prisons for trial last week,
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including Rafael Caro Quintero, who was wanted for killing a DEA agent in 1985.
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The New York Times reporting on the effect of the crackdown on cartel members, writing, quote,
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one cartel leader says he's trying to figure out how to protect his family in case the American
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military strikes inside Mexico. Another saying he's already gone into hiding, rarely leaving his home.
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The New York Times reporting several cartel operatives said for the first time in years,
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they genuinely feared arrest or death at the hands of authorities. U.S. officials still not yet
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satisfied. The Wall Street Journal reporting Secretary of Defense Pete Hegseth warned Mexican
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officials if they, quote, did not deal with the collusion between their country's government
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and drug cartels, the U.S. military was prepared to take unilateral action.
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Mr. Hegseth telling Fox News nothing is off the table.
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My message has been from the beginning, we're taking nothing off the table. Nothing. We will do
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whatever it takes to secure the American homeland, to maintain our sovereignty and protect the American
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people. Does that mean you're ruling out potential strikes inside of Mexico on fentanyl labs? We know
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they exist and we know where they exist. No, I don't think I ruled anything out. Anything's on the table.
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The commander in chief ultimately, with my consultation and with the chairman and others,
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we'll make those determinations. But nothing's off the table. Our sovereignty will be defended.
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President Trump announcing a massive investment into the United States yesterday.
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Today, Taiwan Semiconductor is announcing that they will be investing at least $100 billion in
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new capital in the United States. You're probably talking about 20,000, 25,000 jobs. And we thought it
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was very important, obviously business was, but we thought even in terms of national security to have
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this large percentage of the chips, semiconductors and other things that they make, the most important
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product and not a product that you can really copy. Semiconductors are computer chips that power
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virtually everything in modern technology. Cell phones, solar panels, medical equipment, air fryers,
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electric toothbrushes, practically anything you can imagine. The majority of the world's
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semiconductors are manufactured in Taiwan, especially the most advanced chips. If China were to invade the
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tiny island nation, an ambition its leaders have openly expressed, the global supply chain would fall
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into crisis. Taiwan Semiconductors moving some operations to the U.S. is seen as a critical step to
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shoring up U.S. defense capabilities. Coming up, President Trump's big speech to Congress and the
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drama surrounding it. And the Protection of Women and Girls in Sports Act finally got a vote. Did any
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Democrats step up to support it? All that and more in just a moment.
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President Trump said to deliver a joint address to Congress tonight, the first such speech in a new
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administration referred to as a joint address, not an official State of the Union address, because
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typically new presidents haven't had enough time to shape policy. Not quite the story of the second
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Trump administration. President Trump has signed 81 executive orders over the last six weeks, not to
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mention the Lake and Riley Act, far outpacing any other modern administration. President Trump posting
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to Truth Social early yesterday morning, tomorrow night will be big. I will tell it like it is.
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After his remarks from the Roosevelt Room yesterday on Ukraine, there is speculation on whether
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President Trump will announce a minerals deal. Doge findings will likely get a lot of play,
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immigration, tariffs. The budget deadline is a week and a half away, too. And Congress is now weighing
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a continuing resolution to buy more time to negotiate the budget. President Trump is likely to call on
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Congress to work together to pass his tax promises for the American people, like no taxes on tips,
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no taxes on Social Security, and none on overtime. Some Democrats plan to boycott the speech.
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Here is Democratic Senator from Connecticut, Chris Murphy, on CNN.
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I think every Democrat needs to make up their own mind. I think that State of the Union speech is
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going to be a farce. I think it's going to be a MAGA pep rally, not a serious talk to the nation.
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Virginia Congressman Don Beyer also says he will skip the event, telling Politico, quote,
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The notion of half my colleagues rising and standing and enormous clapping for things that I think are
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terrible for the American people every couple of minutes will not be funny. Axios reporting nearly a
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dozen House and Senate Democrats say they are leaning toward not attending or remain undecided,
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including Senators Bernie Sanders and Elizabeth Warren. Democratic leadership encouraging all members
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to attend, suggesting they bring guests who have been hurt by the Trump administration,
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like fired federal workers. Speaker Mike Johnson, a Republican, inviting Border Czar Tom Homan as his
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guest, as well as Noah Argamani, a former hostage of Hamas. Speaker Johnson also inviting Olivia Hayes,
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a widow whose husband was killed by an illegal immigrant in a drunk driving incident. The president's
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remarks set to begin at nine Eastern. Last night, Senate Majority Leader Thune brought the Protection
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of Women and Girls Act to the floor for a procedural vote. This was the vote that would decide if the
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Senate will have a substantive vote later on the actual bill. This procedural vote for cloture requires
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60 votes to pass, meaning seven Democrats would have had to join with Republicans to advance the bill
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to a real vote. The cloture vote came out to 51-45. Every single Democrat and both so-called
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independents, Senators Bernie Sanders and Angus King, voting against the bill, refusing to even allow
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a real vote on it. Shame on them. In the House, the bill passed by a slim margin, 218 to 206. Just two
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Democrats breaking from their party to pass the measure, Congressman Henry Cuellar of Laredo, Texas,
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and Congressman Vicente Gonzalez of McAllen, Texas. The now-defeated bill specified for athletic
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purposes, sex is solely determined by an athlete's biology at birth, something favored by 80 percent of
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the American people. It also would have amended Title IX to bar federal funding to any educational
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institution allowing biological males to participate in female sports. The legislation would have codified
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President Trump's executive orders on this subject into law. Without this legislation, President Trump's
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executive orders protecting girls' sports can be overturned with ease by a future administration.
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The release of the Oscars ratings delayed. The New York Times, anticipating lower viewership,
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considering the top-nominated movies were barely seen by anyone. In fact, eight of the ten Best Picture
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nominees combined earned less than half of what Wicked and Dune 2, also nominated, made at the box
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office. The big winner of the night, Anora, with five wins, was produced on a $6 million budget grossing
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just $15 million domestically. Anora is about a young call girl who meets the son of a Russian oligarch
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and quickly marries him. Sean Baker, writer, producer, director, and editor of the film, won for Best Director.
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A taste here of his remarks. I want to thank the sex worker community. They have shared their stories.
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They have shared their life experience with me over the years. My deepest respect. Thank you. I share
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this with you. Those who watch the red carpet may have caught this land acknowledgement performed by
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Julianne Hough, a former wearer of blackface Halloween costumes, but now woke as they come.
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We gather in celebration of the Oscars on the ancestral lands of the Tongva, Tataviam, and Chumash peoples,
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the traditional caretakers of this water and land. We honor and pay our respects to indigenous communities
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here and around the world. Marine veteran and producer Rick Swift writing on X. Will she be giving up her home?
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That'll do it for your AM update. I'm Megan Kelly. Join me back here for The Megan Kelly Show,
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live on SiriusXM Triumph Channel 111 at noon east, on youtube.com slash Megan Kelly, and on all podcast
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