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One World with Zain Asher
Global Pressure Grows for Israel to End the War; U.S. Middle East Envoy Steve Witkoff in Israel; Ukraine Struggles as Russia Ramps Up Summer Offensive; Trump Slaps 50 Percent Tariff on Most Brazilian Goods; Trump Threatens India with 25 Percent Tariffs and Russia "Penalty"; Archaeologists Rush to Explore Northumberland that Sank in 1703. Aired 11a- 12p ET
Aired July 31, 2025 - 11:00 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
[11:00:00]
(COMMERCIAL BREAK)
ZAIN ASHER, CNN HOST, ONE WORLD: All right deal or no deal. Time is ticking on President Trump's tariff deadline.
BIANNA GOLODRYGA, CNN HOST, ONE WORLD: "One World" starts right now. The pressure is on to reach trade agreements ahead of tomorrow's deadline, but
the U.S. has yet to reach a deal with some of the biggest trading partners, Mexico and Canada.
ASHER: Plus, White House Special Envoy Steve Witkoff is in Israel today and has just wrapped up a meeting with Israeli Prime Minister Benjamin
Netanyahu. This as the Gaza humanitarian crisis continues to grow.
GOLODRYGA: And an urgent search for survivors in Kyiv, after Russia's latest wave of strikes in its summer offensive. We'll take you live Ukraine
with the latest. All right, hello, everyone. Live from New York. I'm Bianna Golodryga.
ASHER: And I am Zain Asher. You are watching "One World". The countdown is on. In less than 24 hours, the White House's new tariffs on several trading
partners are set to kick in.
GOLODRYGA: Yeah, investors, no doubt, factoring that in today. Let's take a look at where the stock market is right now, the DOW is basically just flat
there, the S&P 500, and NASDAQ also flat, but in the green territory, again, so much anticipation, so much riding on whether or not he can get
these trade deals done before this deadline, which he said is not going to be extended anymore after tomorrow.
The president is taking a social media to taking to social media to push this aggressive policy moves, some of which are politically motivated. Now,
he slapped a 50 percent tariff on Brazil, trying to punish the country's leadership for refusing to end the trial of right-wing Former President
Jair Bolsonaro.
ASHER: Yeah, Mr. Trump is escalating his trade war with Canada after the prime minister announced plans to recognize the Palestinian state. And the
American President is also threatening to impose a so-called Russia penalty on India for buying Russian oil. That's in addition, by the way, to 25
percent tariff.
GOLODRYGA: Yeah, South Korea, however, did reach an agreement with the United States, as did Cambodia and Thailand, but some of America's biggest
trading partners have yet to reach a deal. CNN's Alayna Treene at the White House with the latest for us. We're specifically looking at Canada and
Mexico.
The president really lashing out at Canada and factoring in geopolitics as one of the sticking points, now.
ALAYNA TREENE, CNN WHITE HOUSE REPORTER: That's right, we saw the president in early post this morning, essentially saying that it would be very hard
to reach a deal with Canada after the country had said that it plans to recognize a Palestinian stay.
And it really does throw the question of whether or not the U.S. will be able to reach a deal with Ottawa, particularly before tomorrow's deadline,
but also in the future, or whether this is more of the president trying to apply more pressure in this final stretch before that 12:01 a.m. on Friday,
deadline.
Now I do find the Canada comments from the president notable, not only, of course, because Canada is one of the United States' strongest allies, and
he has had a better relationship with the new Prime Minister Mark Carney than he had with the Former Prime Minister Justin Trudeau.
But also, because earlier this week, we know that the UK, the British Prime Minister, announced that he was joining France in wanting to recognize a
Palestinian state as well. All of that ahead of a U.N. meeting in September, he didn't have harsh words for France and Britain, but he is
having harsh words for Canada.
So just to keep that in mind, a lot of this, as you mentioned, Bianna and Zain, is about politics. It's the same thing when you look at Brazil. I
mean, he has now ratcheted up tariffs, he said, threatening them with 50 percent to go into effect tomorrow. And that comes as the president one of
the key reasons he is citing for that is because of he argues the prosecution against one of his close allies, the Former president of
Brazil, Bolsonaro, is facing prosecution there.
You know, a lot of times Trump, actually, I think, sees some of himself in the situation that Bolsonaro is facing. He had a lot of his supporters, for
example, you know, rioting and breaking in to government buildings, similar to, some similarities to the January 6 Capitol attack.
I know that has been discussed here among some of the president's allies at the White House. But one of the reasons that Brazil is so interesting is
because, unlike the other countries that the president argues, has been taking very much advantage of the United States. Brazil has a trade surplus
with the United States.
They have enjoyed trade on both sides for years now, and so it is very surprising. And these tariffs on Brazil, there's no doubt, are going to
have a major impact on the U.S. of certain goods, potentially on the economy. And I think a key thing, though, is, you know, we did see the
president as well post this morning that tariffs are making America, what he said, great and rich again.
[09:05:00]
He said that, you know, the tide is turning. An American has successfully countered the onslaught of tariffs used against it. All of this, you can
kind of see it reflected here. We've heard some commentary from the president's economic advisers as well. They're trying to celebrate this.
And I know from my conversations here at the White House that the president is emboldened by the deals that he's already made with Japan, with South
Korea, with the European Union, the list goes on, and that is why he is sticking firm to that deadline of tomorrow, kind of feeling vindicated as
well.
I'm told in some ways that you know, a lot of people, particularly people on Wall Street, arguing that the economy was going to be tanked by his
tariff policies. Of course, Bianna and Zain, we actually don't know what the impact is still going to be because they have yet to go into effect.
GOLODRYGA: And just as we are speaking now, Alayna, the president, posting on Truth Social that he spoke with Mexico's President Sheinbaum just
moments ago, and laying out some of the details of that conversation. We will take a look at that and bring it to our viewers as soon as we have it.
Thank you so much. And obviously we'll have much more on this developing story later this hour.
ASHER: Absolutely.
GOLODRYGA: Also at this hour, the U.S. Special Envoy is in Jerusalem, hoping for a breakthrough.
ASHER: Yeah, Steve Witkoff met earlier with Israeli Prime Minister Benjamin Netanyahu. This comes just days after indirect ceasefire talks between
Israel and Hamas stalled. This is pressure builds globally for Israel to let in more humanitarian aid into Gaza and end the war that has claimed
more than 60,000 lives since October 7th, 2023 that's according to Palestinian officials.
GOLODRYGA: Yeah. Meanwhile, families in Gaza are scrambling to get food. Some are dying in the process. The Gaza Health Ministry says more than 60
people were killed near an aid site Wednesday. Israel says that its soldiers fired warning shots in the air and that it's not aware of any
casualties.
The Humanitarian Director of Save the Children is calling the situation in Gaza catastrophic. Adding no infrastructure, no law and order, has made a
terrible humanitarian situation even worse now.
(BEGIN VIDEO CLIP)
RACHAEL CUMMINGS, HUMANITARIAN DIRECTOR OF SAVE THE CHILDREN: So, what we have is a sustained siege of supplies coming into Gaza. Nothing's entered
Gaza. So of course, you have now, of course we're seeing the results of that, which is increased rates of malnutrition.
UNIDENTIFIED FEMALE: Yeah.
CUMMINGS: Increased rates of diarrhea and the desperation of people who just need to feed their families.
(END VIDEO CLIP)
ASHER: Jeremy Diamond joins us live now from Tel Aviv. So, Jeremy, Gaza, as you and I both know, is in the throes of famine at this point. I think
what's really tragic is that nobody, nobody can say they do not see this coming. On top of the humanitarian crisis there, you've got people
continually allegedly being shot at as they go to seek desperately needed aid.
And if that was just a one off, it would be heartbreaking enough, let alone the fact that it happens so frequently. Israel is being increasingly
isolated in the international community. We know that Steve Witkoff is in Israel right now. He's just met with Benjamin Netanyahu.
What came out of those discussions, especially as there is so much pressure on Israel just to do something about the growing humanitarian crisis in
Gaza?
JEREMY DIAMOND, CNN JERUSALEM CORRESPONDENT: Well, we know that Steve Witkoff came here, clearly with a mandate from President Trump to see what
can be done and what more needs to be done in order to address this humanitarian crisis that is unfolding in Gaza, a humanitarian crisis very
much that evolved out of Israeli policies regarding Gaza and restrictions on humanitarian aid that they had imposed for months now.
Steve Witkoff sat down with the Israeli Prime Minister at his office in Jerusalem. We don't know exactly how long the meeting lasted, and we have
not yet gotten a readout from it, but we know, of course, that beyond the humanitarian crisis in Gaza, Witkoff was also expected to address the
status of ceasefire and hostage release negotiations.
In fact, outside the prime minister's office as this meeting was about to unfold, the families of some of the hostages still held in Gaza were
protesting there outside. And Witkoff had spoken with the Egyptian Foreign Minister just yesterday, a sign that he is looking for ways to try and
revive the ceasefire negotiations, as Egypt and Qatar are, of course, the two mediators in this situation.
But as Witkoff was sitting down to meet with Prime Minister Netanyahu, President Trump fired off a tweet saying that the fastest way in his view,
to end the humanitarian crisis in Gaza is for Hamas to surrender and release the hostages. That is the public messaging.
The question is whether, privately, at least, Witkoff applied more pressure to the Israeli Prime Minister. We don't yet know the answer to that
question.
ASHER: Right, Jeremy Diamond, live for us there. Thank you so much, Jeremy, appreciate it.
GOLODRYGA: And joining us now is Former Deputy Pentagon Press Secretary, Sabrina Singh, who is also a CNN Global Affairs Commentator. Sabrina, it is
good to see you.
[09:10:00]
The president, also in official statements from the White House has been responding quite sharply and critically to statements now from Canada, the
United Kingdom and France recognizing the State of Palestine, the United States calling it reckless and says that it bolsters Hamas propaganda and
undermines peace efforts.
And also goes on to say that it is a reward to Hamas. So, what is notable also to me, Sabrina is the editorial board for the economist today, also
speaking in line with the president's sentiment here in a piece titled in recognizing Palestine, Britain and France won't achieve peace.
And what they're essentially saying now is because the Prime Minister of the United Kingdom has come out and said that they would recognize a
Palestinian state if efforts weren't made for a ceasefire by Israel right now that that's incentivizing Hamas to hold off until even September, to
agree to a deal, because we know that at least right now, Hamas agreeing to one is really the impediment now.
Talk about what the U.S. policy can be going forward in terms of bringing that ceasefire to fruition as soon as possible? And if that does mean more
pressure on Hamas right now to do so.
SABRINA SINGH, CNN GLOBAL AFFAIRS COMMENTATOR: Well, what you're seeing when it comes to France, the UK and Canada, all coming out sort of in a
coalition. I mean, France really led that effort, but saying basically, collectively, that they would recognize Palestine as a state in September.
That puts a lot of pressure, not only on Israel, but of course, on the United States.
And while I don't think this administration is going to make that move and recognize a Palestinian state that really does put pressure on Israel,
because it is very clear from the imagery that you're seeing on your TV to what you hear being reported on the ground.
There are people starving, and France, the UK and Canada are collectively saying enough is enough, and we're going to take our, you know, our own
sovereign actions, whether the United States follows. I mean, of course, that is a different story. But I think what this administration,
particularly Steve Witkoff, as he's in Israel and has been engaging Prime Minister Netanyahu, is really going to have to put even more pressure on
Netanyahu.
I mean, even though there are these distribution sites that are set up, they're only four, they're only in the south. There's not enough food
getting in in the north. And the fact that Israel and other countries are now commencing and restarting humanitarian air drops. I mean, that is not
going to be enough food that's going to be able to get to the population and so.
What I would hope is that Steve Witkoff is really putting pressure on Prime Minister Netanyahu to open those land routes, because that's ultimately
going to be the best way to get aid in.
ASHER: You know, what I think is important to note is really Donald Trump's inconsistencies as it pertains to the humanitarian situation in Gaza.
Initially, he was putting a lot of pressure on Israel, putting the onus on Israel to allow more food aid into the enclave. And then that sort of
seemed to switch.
He posted on Truth Social the fastest way to end the humanitarian crisis in Gaza is for Hamas to surrender and release the hostages. And then you have
the fact that, you know, with Canada now recognizing, moving to recognize a Palestinian state, you have Donald Trump threatening Canada, essentially
saying, listen, you know, it's going to be harder for you to make a trade deal with us if you move towards recognizing a Palestinian state.
Trump's policies here seem to be all over the place. Walk us through what effect that has on putting pressure on Netanyahu, feeling pressure to do
something about the growing humanitarian crisis in Gaza.
SINGH: Well, it's certainly not a surprise that Donald Trump's policies are all over the place and inconsistent. I mean, I think that is something that
this administration almost prides itself on, because it does sort of keep not only our allies but our adversaries sort of guessing, and it's unclear
on what direction the president could take at any time.
And you've of course seen that with the tariff fight that continues to go on. But you know, I think when it comes to foreign policy, and particularly
on the global stage, what all countries look for is American leadership, and when you don't have that consistent strategy, that does really impact
how the United States engages with Israel.
And as you mentioned, I mean the president going out and going after Hamas, that is true. I mean, Hamas has the ability to release the hostages, and
should release the hostages, and that pressure needs to continue to be applied to Hamas. But equally, there needs to be pressure on Israel to get
humanitarian aid into the starving people in Gaza and innocent people who don't actually want to be governed or ruled by Hamas post, whatever this
conflict looks like.
But I think, you know, when there's an absence of U.S. leadership on the world stage, other countries are going to look to fill it. And so that's
why I think it's very important that you, you know you have to take the president's rhetoric seriously. But I would hope that Steve Witkoff, while
he's in Israel, is delivering a very strong message to the prime minister to say, you know, we need to get the hostages back.
We need to reach a ceasefire deal. There can't be these 10 hour pauses in the middle of the day. There needs to be a full ceasefire that allows for a
potential path to peace.
[09:15:00]
But more importantly, getting humanitarian aid to those that need it the most.
GOLODRYGA: And yet, Sabrina, I think you'd agree, the one consistency we have seen here from President Trump is keeping in line with his
predecessors, and that is not recognizing a Palestinian state unilaterally. The United States position has always been that that would come through a
peace framework with direct talks between the Israelis and the Palestinians.
So, to go back to my earlier question, is this to the argument that not only Israel is making, but the United States and others like this editorial
in the economist by recognizing a Palestinian state right now. I believe Hamas has just hardened their talking points and their demands before any
ceasefire can be reached.
Is this counterproductive, in your view, if you were still speaking from your position representing the U.S. government?
SINGH: Well, you know, it's hard to say, as I'm no longer in that position, and of course, we're now dealing with a completely different
administration. I think, you know, just to pull it back a little bit, when I served under the Biden Administration, we were constantly working with
our allies and partners around the world, and our Arab partners in the region, and really doing things in lockstep with them.
You know, you're obviously seeing a fracture, and you're seeing G7 nations breaking from within its own alliance. So, I think it remains to be seen,
and what I'll be really looking for is the decision that France, the UK and Canada, that they have made independently.
Does that put pressure on other G7 nations, and not necessarily the United States? Because I think this administration has been pretty set in its
ways. Ultimately, you are going to need a proper long term peace framework, if we can get that, and the United States sees that good faith effort for
moving forward.
I don't know if things could change in the future, but I certainly do think that the significant steps that these three countries have taken puts
tremendous pressure on Israel to really change its actions when conducting operations within Gaza, but also getting humanitarian aid into the people
that need it the most.
GOLODRYGA: Yeah, and while also not taking out the onus on Hamas for ending this right now and relieving not only Israeli hostages, but also those
Palestinians that have been suffering under their leadership as well. Sabrina Singh thank you so much for your time.
SINGH: Thank you.
GOLODRYGA: All right, and still to come for us, Kyiv pummeled in a wave of overnight attacks as Russia ramps up its summer offensive the search for
survivors in the Ukrainian capital just ahead.
ASHER: Plus, Russia rapidly gains ground in Eastern Ukraine, still ahead. CNN takes you there as Russian drones patrol the skies.
(BEGIN VIDEO CLIP)
UNIDENTIFIED MALE: We just have to keep every kind of light source or heat source indoors, in case Russian drones are passing overhead.
(END VIDEO CLIP)
(COMMERCIAL BREAK)
[09:20:00]
GOLODRYGA: Well, Russia says that it has captured the key town of Chasiv Yar in Eastern Ukraine after nearly 18 months of fighting in the area. This
as a search for survivors is underway in the Ukrainian capital after a terrifying night of Russian strikes. A six-year-old boy and his mother are
among at least eight people killed in those attacks. Dozens have been hospitalized.
ASHER: One of the targets was a nine-story apartment building which took a direct hit from a missile. Let's get right to CNN's Nick Paton Walsh,
standing by for us in Eastern Ukraine. I mean, this obviously comes right after Donald Trump essentially negotiated down or reduced the deadline to
10 days for Russia to be willing to come to the table for negotiations towards the ceasefire, to be willing to be able to end this war somehow.
And Russia's response is to continue to pummel Kyiv, which tells you really where Vladimir Putin's head is that, as it pertains to potentially a peace
deal with Ukraine? Nick, walk us through that.
NICK PATON WALSH, CNN CHIEF INTERNATIONAL SECURITY CORRESPONDENT: Yeah. I mean, possibly, you know, it's hard to always define a logic or a pattern
between these aerial assaults on Kyiv and across Ukraine, and what Trump has said, and frankly, whether Vladimir Putin is influenced by any of that
at all.
While this was not a record setting or near that level, number of drones, the 300 fired at Kyiv, clearly saturated the air defenses and got through
hitting the apartment block, killing a total of 11 in Kyiv, the six-year- old boy who died, dying in an ambulance on his way to receive more treatment.
Was this a response to Trump shortening the deadline. Look, I would say, possibly not, given this is not an exceptionally large number of drones.
And in the rhythm in which we've been seeing these attacks on Kyiv, they seem to be coming about every 10 days. And it was 10 days from which we
were due from the previous one last night.
So hard to assess quite whether we seeing a pattern, but we are seeing a pattern in terms of the intensity and the persistence of these strikes, of
these drone attacks, of missile attacks hitting military infrastructure, and of the desire to keep ordinary Ukrainians awake and fearful every
single night we've been hearing sirens ourself here, persistently and in the east, it's just part of the horrifying daily pattern of life here,
Zain.
GOLODRYGA: All right, Nick Paton Walsh thank you. And we'll have much more on Ukraine our next hour. Oh, I'm so sorry. And Nick, I know you've been
there on the front lines, and Ukraine also now anticipating, or in the midst of having to defend itself from this long anticipated Russian summer
offensive. Just tell us more about what you've seen and learned?
WALSH: Yeah, I mean as we were talking about the attacks against Kyiv. It's important to point out as well that we are seeing changes that matter
significantly along the eastern front line as well. Now the Russian Ministry of Defense claims defense claimed today that they've taken a town
called Chasiv Yar, which they've been fighting for a year.
Ukrainian officials pushing back against that, analysts saying, look the footage of a flag being raised that's not actually in Chasiv Yar itself.
Historically, when we hear the Russians make a claim like this, it often turns out that in the days or week ahead that actually ends up being
realized.
Unclear what's happening here, but Chasiv Yar is of huge strategic significance. It's the hill that overlooks other towns they're fighting for
or want to take. It is north of Kostyantynivka that is close to being encircled, cut off by Russian forces. You were there a couple of days ago
that it's South Pokrovsk.
That is also potentially near being encircled by Russian forces too. So, lots of very complicated choices now for President Volodymyr Zelenskyy and
his military staff about where they hold the fight and where they leave. They're really short on manpower, and they must be seeing the saturation of
Russian attack drones to a quite horrific degree. Here's what we saw two nights ago.
(BEGIN VIDEOTAPE)
WALSH (voice-over): After dusk, the war has fallen silent, but got deadlier. This tiny military medical unit near the town of Pokrovsk, which
Russia is close to encircling, is waiting for patience, in total darkness and quiet, just for survival. That bright light, we're told, is a Russian
spotter drone, and look at how their other attack drones riddle the dark.
[09:25:00]
The first warning is gunfire. Ukrainians aiming at Russian drones.
WALSH: We just have to keep every kind of light source or heat source indoors in case Russian drones are passing overhead, and that makes it
impossible, frankly, to go outside for this unit to welcome in the wounded, instead listening to the eerie noises in the dark, trying to work out
what's a threat and what's not.
But imagine how hard it must be for those actually at the front lines trying to bring wounded out with constant drones above them. Well, that one
landed so close. You can actually smell the explosive now in the night air.
WALSH (voice-over): The medics tell us this is a quiet night in the skies, but no injured here is no relief.
WALSH: The fact that you haven't had patients tonight isn't necessarily a good thing. It might mean they can't get out.
DMYTRO, MEDIC, UKRAINIAN 35TH MARINES BRIGADE: Yes, it's true, because we often learn there are casualties. But the evacuation is difficult. The
rescue vehicle goes and gets hit. Even an armored vehicle doesn't guarantee a timely evacuation.
WALSH (voice-over): Dawn is when the injured usually come when the changing light disrupts drone cameras. But the only patients, six men with suspected
concussion after their vehicle was hit by a drone on the road who drove straight here.
UNIDENTIFIED MALE: Where are the worst injured?
WALSH (voice-over): Some of the badly wounded trapped, as this video shows Ukrainian wounded evacuated here two days earlier by police from the front
line. Their injuries infected after the long wait. Daylight doesn't stop the hunt, we rush to our car to leave, but there's a problem. Two elderly
locals hear the noise. One runs and the other braves it out.
WALSH: So, our car won't start, and we've just noticed locals running away from a drone, and so we're trying to get out of here as quickly as we can.
WALSH (voice-over): Our vehicle is under a tree, but SUVs are a priority target. We managed to go. The need to leave when you have to abandon your
life is constantly creeping up on people here. This is Dobropillia, where, yesterday, the normal bus service ran, but today it's canceled. And the way
out is with the police in an armored van, the drones closing in fast.
UNIDENTIFIED MALE: Why did you decide to leave today?
UNIDENTIFIED FEMALE: Just like everyone else.
WALSH (voice-over): You, Katya (ph) explains she and her baby son truly have nowhere to go, no plan for what's next. It's happened that fast. Days
before Russian drones struck many civilian targets, like this coffee shop. But every day, the map of where police can go is changing.
This is -- a flame, Russian troops on its edges. Police taking out those who, like many here, simply didn't see things changing so fast. As they
leave, they use this device to intercept Russian drone signals
UNIDENTIFIED MALE: The highway.
UNIDENTIFIED MALE: Our one?
UNIDENTIFIED MALE: Yes.
WALSH (voice-over): And recognize that one is flying above the same road they are on.
But the escape options are shrinking. Ukraine normally catches Moscow off guard, but now Russia's summer offensive is shifting the ground beneath
their feet, perhaps irreversibly.
(END VIDEOTAPE)
WALSH (on camera): Now add to that to a daylight, massive air strike in Kramatorsk, to the north of where we were filming, there a sense of
escalating Russian pressure, and there's no other way to put it, really that other than success in this summer, offensive pressuring key towns,
potentially cutting some of them off and changing these incremental gains.
[09:30:00]
We've seen over the past months that seem too often amounted to nothing a great Russian casualty, turning that into what's looking like some kind of
strategic change in Moscow's favor on the front lines. Back to you.
GOLODRYGA: All right, Nick Paton Walsh, thank you so much, and we'll have much more on Ukraine our next hour with our guest, Former NATO Supreme
Allied Commander, General Wesley Clark. And still to come on "One World", we'll tell you about the economic weapon Donald Trump is using to show his
support for the man known as the Trump of the Tropics.
ASHER: And Donald Trump says there will be no more delays or postponements this tariff deadline is hours away, although Mexico did technically get a
90-day extension. We'll have more on that story after the break.
(COMMERCIAL BREAK)
ASHER: All right, welcome back to "One World". I'm Zain Asher.
GOLODRYGA: And I'm Bianca Rodrigo. Here's some of the headlines we're watching today.
ASHER: U.S. Envoy Steve Witkoff has just wrapped up his meeting with Israeli Prime Minister Benjamin Netanyahu. U.S. leaders are seemingly
growing impatient at the war in Gaza, as shocking images of starving children there bring urgency to peace efforts.
GOLODRYGA: Senate Democrats are turning to a little used 100-year-old law in an effort to get access to the Epstein files. The law allows any five
senators on the homeland security or Government Affairs Committees to ask for documents if the Trump Administration refuses the request, the issue
would likely head to the courts.
ASHER: It's now the eve of Donald Trump's August 1st tariff deadline, and a flurry of new deals have been announced with Asian trading partners,
including South Korea. Moments ago, the U.S. President posted on social media that he spoke to Mexico's president and will pause higher tariffs for
90 days and extend the current deal.
GOLODRYGA: And Donald Trump is using his tariffs to show support for a long-time ally he slapped a 50 percent tariff on many Brazilian goods to
punish the country for refusing to end its prosecution of Former President Jair Bolsonaro.
[09:35:00]
Bolsonaro is on trial for trying to overthrow the results of the 2022 election.
ASHER: CNN's Julia Vargas Jones is covering Trump's tariffs on Brazil. We also have CNN Global Economic Analyst Rana Foroohar. So, Julia, let's start
with you this idea that Trump is increasing tariffs on Brazilian goods by 50 percent amid his demands to essentially end the trial against his ally,
Former Right-Wing Leader of Brazil, Jair Bolsonaro. Just walk us through what the Brazilian reaction to this has been.
JULIA VARGAS JONES, CNN CORRESPONDENT: Well, the President of Brazil, he has slammed Trump's tariffs. He called them unjustifiable, as the U.S. has
an almost $7 billion surplus with Brazil, meaning the United States sells more to Brazil than it buys. And the justification for these tariffs has
been entirely political, Zain.
With President Trump demanding that Brazilian courts stop the ongoing trial of Former President Jair Bolsonaro, who is facing charges of inciting a
coup, charges similar to the ones President Trump faced in the United States, but unlike Trump, Bolsonaro's case involved something even more
sinister.
Allegations that he knew about a plan to kill the sitting president, his vice president and a Supreme Court justice. Now, Lula has been categorical
with his responses to Trump, making it very clear that Brazil won't bend to his wishes and will continue prosecuting Bolsonaro.
He accused the American government of interfering in Brazil's Justice System, which he also called unacceptable. And he has explained, including
on an interview with CNN earlier this month, that his country is a democracy with checks and balances, and that separation of powers does
exist there, and that a president cannot tell the Supreme Court what to do, even if he wanted to.
But it's interesting that a U.S. President would go so far out of his way to defend an ally like Bolsonaro so embattled. But that is no coincidence.
You know, Bolsonaro, and particularly his son, Congressman Eduardo Bolsonaro, have for years, been cultivating connections in Trump's inner
circle and making a name for themselves in the MAGA world.
And it's remarkable what they have also been able to accomplish here with this lobby, a sanction of a sitting Supreme Court justice. The sanctions
are against Brazilian Supreme Court Justice, Alexandre de Moraes, for what the Trump Administration considers serious human rights violations.
They're arguing that he's authorizing arbitrary detentions, speaking, of course, of his ally, Jair Bolsonaro, and infringing on free speech. But the
justice is being targeted for those two reasons. You know, presiding over the trial of the former president and also leading efforts to regulate
social media in Brazil.
Now this might seem unrelated, but according to the Trump Administration, it is threatening the First Amendment Rights of American companies. And
both rumble the social media platform and Trump Media Technology Group, the parent company of Truth Social, have ongoing legal fights with Moraes as he
demands that all social media platforms provide user data, block any account linked to the spread of disinformation.
And that has been a part of a long-standing fight in Brazil against misinformation, as investigators there have linked many of those accounts
to the storming of Brazil's capital, Brazil's own January 6th and deemed in a threat to democracy. That's what these tariffs and those sanctions are
all about, Zain.
GOLODRYGA: Yeah. And while President Trump may be doubling down on his threats against Brazil, it does appear that he's giving another major
trading partner an extension and a lifeline at that let's go to Valeria Leon. We're specifically talking about Mexico.
And Valeria, the president just hours, days ago, saying that there will be no extensions that August 1st is the deadline for a deal. And lo and
behold, he gets on the phone with Claudia Sheinbaum and says now that there will be a 90-day period for them to continue these negotiations.
And he posted on Truth Social we have agreed to extend for 90 days the exact same deal as we have for the last short period of time, namely, that
Mexico will continue to pay a 25 percent fentanyl tariff, 25 percent tariff on cars, 50 percent tariff on steel, aluminum and copper. What is the
reaction we are hearing from Mexico in response to this extension?
VALERIA LEON, CNN CORRESPONDENT: Well, Mexican President Claudia Sheinbaum held this phone call this morning with U.S. President Trump. And after this
call, Sheinbaum posted a message on X, saying that her government avoided the tariffs. But that's not quite it.
The agreement reaches for extending the negotiations 90 more days. And as you said, the U.S. President described the telephone conversation as a very
successful one. President Trump posted on Truth Social that since the deal with Mexico is a complex one, the negotiations will be extended 90 more
days.
[09:40:00]
He posted that Mexico will continue to pay this 20 percent fentanyl tariff, and Mexico has agreed to end its non-tariff trade barriers. But U.S.
President didn't explain exactly what this means. But the goal here, according to President Trump, is to sign a trade deal within the 90 days.
And this latest flurry of negotiations taking place to lessen the impact on a new series of tariffs on Mexican goods and also on exports containing
copper. Though this recent announcement didn't necessarily come as a surprise, given that the Trump White House has turned to them as a nearly
monthly basis since taking office.
Mexico's Economy Minister Marcelo Casaubon was sent back to Washington to convince the White House that the new tariffs will mean the U.S. would be
shooting itself in the foot, if they were actually put in place. Mexico is the top trading partner with the U.S., with over 80 percent of its exports
sent to the U.S.
Nevertheless, the 25 percent tariff on auto industry, which was put into effect in May, has taken a toll, with several plants in Mexico closing
their doors or cutting back production, but other Mexican industry with major exports to the U.S. are also at risk.
ASHER: All right, Julia Vargas Jones and Valeria Leon. Thank you both so much. With that, let me bring in CNN Analyst Rana Foroohar to talk a little
bit more about this. Rana, we've seen this movie before, right? Donald Trump at one point says, listen, I will never extend this deadline.
It's going to be August 1st no matter what that's going to be the deadline. And of course, right before the August 1st deadline, what do you know, he
extends it, at least to Mexico for the time being, for another 90 days. I mean, it makes you wonder, especially if you're an investor watching this,
you know, we all talk about, you know, the idea that Trump always tricked chickens out.
But even beyond that, you have to sort of think that from the American perspective, what is the point of all of this? What is the point of this,
Rana.
RANA FOROOHAR, CNN GLOBAL ECONOMIC ANALYST: Well, there's two or three questions in there --
ASHER: I know, sorry.
FOROOHAR: That's all right. That's all right. You know, what is the point of it? I think the point is twofold. Trump wants to reset the global
trading system. He's been very clear about that, but he also wants to exert power. That's a personality trait that we've seen again and again.
We saw it in Trump one, we're seeing it really enforce in Trump two. What's interesting to me about Mexico, and I think what it says, more broadly
about what's going to happen with tariffs, is that Mexico is important. You know, Trump may be willing to walk right up to the line and go over it with
India, with Russia, he's not going to do that with Mexico, because Mexico is deeply integrated into American supply chains.
He needs a deal. The deal needs to be good. This is in part because of his own shifts during Trump one where Bob Lighthizer, the Former USTR, sort of
pulled up the scrim, said, we have to fix the U.S.-China relationship. Tariffs came in on China, then a lot of goods production moved to Mexico,
that more deeply integrated regional supply chains between the U.S., Mexico and Canada.
Trump needs a deal with Mexico and with Canada. And so those countries, I think, can play a little bit more hardball, perhaps, than some others where
the integration isn't as deep.
GOLODRYGA: Now let's talk about some of those others. You mentioned India, and boy has the president been speaking harshly about India, first
yesterday in announcing that it would be the first country that would feel the ramifications of secondary sanctions against Russia, really, for its
illegal war in Ukraine, India has been purchasing a lot of its oil.
I believe it's the second largest purchaser of oil from Russia, especially over the last few years, since the war began. And the president, just
today, in what's clear are very testy negotiations over a trade deal with India, lashed out on social media and saying, I don't care what India does
with Russia, goes on to say they can take their dead economies down together, for all I care.
We have done very little business with India. Their tariffs are too high, among the highest in the world. Now, India and the U.S. traded goods worth,
I believe, 129 billion in 2024. The U.S. is India's largest trading partner. Just talk about the significance of that, and of the United States
seemingly being able to work closer with Pakistan, out of those two countries in this second term than even India, and in his first term.
FOROOHAR: Yeah.
GOLODRYGA: They have agreed to a deal with Pakistan.
FOROOHAR: Yeah, know, it's interesting. I mean, Bianna, you're laying out how dramatically the global trading system is in flux right now. Trump is
trying to do a few things here. He's trying to basically nail down a block of countries, large and emerging market countries that he hopes will come
closer to the U.S. and move away from the China, Russia, Iran orbit, India is clearly one of those.
[09:45:00]
It's completely untrue that the India-U.S. trading relationship isn't important. In fact, it's only becoming more important for similar reasons,
as I mentioned before. As things get tougher with China, a lot of U.S. businesses are looking to do more in India, to use India as a hub for more
regionalized supply chains to try and mitigate risk.
So that's an important deal. Trade with Russia, much less important, particularly following the war in Ukraine, Russia's economy is frankly, a
pretty dead economy. It's a petrostate. It's completely reliant on commodity prices. But the India relationship is important, and it matters
what happens?
Because India is kind of a, you know, it has enough power, it has enough of a domestic market that it can hold fast and take tougher terms, and it's
really hedging its bets. Sometimes it's doing business with the BRICS block, sometimes it's doing business with Europe, some with the U.S. So,
it's an interesting case study for this new trading paradigm.
ASHER: When you think about the trade deals that have been announced, the sort of watered down, one page, very basic and limited trade deals that
have been announced, UK, obviously, Vietnam, Philippines, Indonesia, to a certain extent, Japan, EU, South Korea, Pakistan, Thailand and Cambodia.
A lot of those ones. We don't even know the full details of the trade agreements within them, but just the fact that you have a country in the
United States that is pretty much engaged in a trade war with the entire world right now, and only a handful of trade deals have actually been
announced.
What happens come tomorrow? Walk us through the economic ramifications for the United States with continuing a trade war with a lot of other countries
around the world.
FOROOHAR: Yeah, it's a great question. So, the ramifications depend on which country you're talking about and how much the U.S. imports and
exports from that country. So, supply chains are complicated, and what we've already seen in the U.S. is that the existing tariff hikes and
threats of tariff hikes have affected different industries, different companies and different regions in very, very different ways.
Big companies, particularly in industries that haven't been as affected by trade wars, are actually doing OK. Not only have they implemented a lot of
technologies to help smooth out supply chains and create some of those new hubs of resilience, as I was speaking about earlier, you know, but they can
simply take more pain.
In fact, I was talking to some big company CEOs about three weeks ago, and they were saying they thought they could mitigate between 80 and 100
percent of, say, a 10 to 15 percent, across the board, increase in tariffs, small and mid-sized businesses, very, very different.
I'm already seeing many of those hit hard, some of them going out of business in unusual areas. You know, if you're a bike shop, if you're a
bicycle company, you're really hurting, because all of those parts come from abroad. If you're in any kind of electronic components, any kind of
complex manufacturing you're feeling a hit.
So that could actually have the impact. And I spoke recently with a regional Fed Chair about this could have the impact of increasing
inequality, because you could see big companies doing better relative to small. Small tend to be in more rural areas, more of that hollowed out
middle of the country.
If those businesses start to go under, it could affect, actually affect red states more profoundly than coastal areas and some of the richer blue
states. So, this could simply exacerbate the existing trends that have already created more political populism in the U.S.
ASHER: Yeah, and that idea that it can backfire on red states, is something that a lot of political analysts have brought up as the irony in all of
this.
FOROOHAR: Yeah --
ASHER: Rana Foroohar, we have to leave it there. Thank you so much. All right, still to come here on "One World", this time yesterday, tsunami
alerts were in place across of much of the Pacific Rim. But what a difference a day makes. We'll have the latest from Hawaii, after the break.
(COMMERCIAL BREAK)
[09:50:00]
ASHER: All right, collective sigh of relief today for millions of people across the Pacific Rim. Fortunately, there has been very little damage
reported following tsunami alerts triggered by that massive 8.8 magnitude earthquake off of Russia's far east on Wednesday, several people were
injured and buildings were damaged in Russia, by the way.
GOLODRYGA: Yeah, the quake was tied for the sixth strongest tremor ever recorded. Noticeable aftershocks with magnitudes of up to 7.5 are expected
for at least another month, according to the Russian Academy of Sciences.
ASHER: The tsunami triggered massive evacuations across the region, including in Hawaii. CNN's Will Ripley has more from Honolulu.
(BEGIN VIDEOTAPE)
WILL RIPLEY, CNN SENIOR INTERNATIONAL CORRESPONDENT (voice-over): Tsunami warnings across the Pacific Ocean. A massive 8.8 magnitude earthquake off
Russia's Far Eastern Coast, waves first slammed into Russia's shoreline towns, panicked sea lions dove into the ocean as rocks tumbled.
Furniture shook inside homes and buildings. The tremors damaged an empty kindergarten. Even forcing surgeons to hold down a patient on an operating
table. Waves also crashed into the Japanese coastline. People rushed to rooftops for safety. The threat reached parts of South America on Tuesday.
Authorities in several countries evacuated coastal areas due to fears of a tsunami. And in the U.S., parts of the West Coast and Hawaii were on edge
overnight and into the day.
CAPTAIN NICHOLAS WORST, U.S. COAST GUARD SECTOR HONOLULU: A lot of anxiety and stress from folks during these types of situations, and the decision as
the captain of the port to shut down commercial harbors, to evacuate, to hold vessels off, that's not a decision I take lightly at all.
RIPLEY (voice-over): This ring camera, video from a business in Haleiwa shows time lapse footage water surging from the waves. The water can be
seen getting very close to the deck of Blue Planet Adventure Company. In Hilo, the waves flooded parking lots. U.S. Coast Guard ships went out to
sea for safety.
WORST: We pre staged these coast guard assets, essentially got them out of the harbor and in order to be able to quickly respond to any search and
rescue cases.
This coast guard cutter, the Oliver Berry, just returned to home port here in Honolulu, the tsunami advisory for Hawaii has been lifted, but the
National Weather Service urges people here and in other affected areas to stay cautious, because strong currents and dangerous conditions may
continue for the next day or so. Will Ripley CNN at the port of Honolulu, Hawaii.
(END VIDEOTAPE)
ASHER: We'll be right back with more after the short break.
(COMMERCIAL BREAK)
[11:55:00]
ASHER: And finally, archeologists say they are in a race against time to examine the wreck of an English ship that sank in a massive storm 300 years
ago. The Northumberland was a 70-gun warship built in 1679 and wrecked my - - absolutely --
GOLODRYGA: Yes -- history here.
ASHER: Wrecked off a sand bank off the Coast of Kent, England in 17 oaths being with a loss, sadly, of around 250 lives.
GOLODRYGA: The faint audio here to this video. Are you hearing that too?
ASHER: Yes. Yes.
GOLODRYGA: Makes it all the more intriguing. Long buried in sand and sediment, parts were of the wreck were finally exposed last summer, giving
experts the opportunity to carry out a survey among the fines. Now you really hear it among the fines seal chest whose contents remain unknown.
ASHER: -- I want to keep that music throughout our two hours.
GOLODRYGA: All right. Stay with us. We'll have more "One World" right after this break. Like are you hearing that?
(COMMERCIAL BREAK)
[12:00:00]
END
