Trump is considering exemptions for automakers from some tariffs announced by his administration, the White House confirmed Wednesday.

Treasury Secretary Scott Bessent said President Trump will not reduce tariffs on China without an agreement by both governments to de-escalate their trade conflict.

U.S. Financial commentator for The Financial Times Robert Armstrong, publisher of the Bulwark Sarah Longwell, and anchor and correspondent for Bloomberg News David Gura join Nicolle Wallace to discuss the crumbling confidence in Trump's handling of the economy as China pushes back against the official White House narrative.