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October 28, 2025 14 mins

In this episode, Jon Decker breaks down President Trump’s high-stakes trip across Asia — from trade negotiations with Japan and possible North Korea meetings to new tariffs targeting Canadian goods. The briefing also covers the looming Federal Reserve chair transition, the continuing government shutdown, and the latest updates on the president’s health amid mounting political and economic tension.

 

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Episode Transcript

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Speaker 1 (00:01):
Welcome to the White House Briefing Room for Tuesday, October
twenty eighth. I'm John Decker. President Trump in Tokyo, the
second leg of his Asia trip. Touts the trade relationship
with Japan.

Speaker 2 (00:15):
We very much appreciate the trade. We're going to do
tremendous trade together, I think more than ever before.

Speaker 1 (00:21):
The President says he's confident of reaching a trade deal
with Chinese President She when they meet later this week.

Speaker 3 (00:28):
I have a lot of respect for President She, and
we are going to I think we're going to come
away with a deal.

Speaker 1 (00:34):
It's day twenty eight of the federal government shutdown and
pressure is building on both parties to end the impass.
And the President confirms that he received an MRI scan
during a recent trip to Walter Reed. But we begin
this Tuesday with the President's trip to Japan. Japan is
the second leg on the president's three leg, five day

(00:58):
Asia trip, and it began and of course in Malaysia,
where the presidents signed trade deals or frameworks for trade
deals with four separate Southeastern Asian countries Malaysia, Thailand, Vietnam,
and Cambodia. While he's in Japan, the President is paying
tribute to Japan's new Prime Minister, and also pledging his

(01:21):
commitment to Japan as a strong ally of the United States.

Speaker 2 (01:25):
Always had a great love of Japan and a great
respect of Japan, and I will say that this will
be a relationship that will be stronger than ever before,
and I look forward to working with you and on
behalf of our country. I want to just let you
know anytime you have any question, any doubt, anything you want,
any favors you need, anything I can do to help Japan,

(01:49):
we will be there. We are an ally at the
strongest level.

Speaker 1 (01:52):
A trade deal has already been reached with Japan that
was several months ago. Japan now pays a tiff rate
of fifteen percent on all of its products coming into
the United States. Japan also pledged a five hundred and
fifty billion dollar investment into the United States over the
next ten years. The President, on his trip over to Japan,

(02:16):
is already looking forward to what will happen on the
tail end of this Asia trip. That is his meeting
with Chinese President Shijingping. The President on the flight over
to Japan from Malaysia previewed that meeting with President she
on Thursday.

Speaker 4 (02:33):
We're gonna have a great talk.

Speaker 3 (02:35):
I have a lot of respect for President she I
like him a lot. He likes me a lot. I
believe and respects me, and I think he respects our.

Speaker 4 (02:42):
Country a lot. And we're gonna have I think we're.

Speaker 3 (02:45):
Gonna have a successful transaction for both guns.

Speaker 1 (02:48):
President Trump in his first term met with North Korean
leader Kim jungun twice. I was with the President the
first time that he met with Kim jungun. That was
in Singapore, and the President on the flight over raised
the possibility of meeting with Kim jungun while he is
in South Korea. Perhaps a short trip over to North

(03:09):
Korea to meet with Kim jungun. Let's listen to the
President talk about that possibility right Hereavin.

Speaker 3 (03:15):
Said anything, but I'd love to meet with him if
he'd like to meet.

Speaker 4 (03:19):
I got along great with Kim jungun. I liked him,
he liked me. If he wants to meet, I'll be
in South Korea.

Speaker 1 (03:25):
Prior to departing on his trip to Asia, the President
announced ten percent additional tariffs on all goods coming into
the United States from Canada. The reason for that, according
to the President, according to those who speak on his
behalf has to do with the commercial run by the
Province of Ontario that had since taken off the air.

(03:47):
That commercial featured the voice of Ronald Reagan from a
nineteen eighty seven radio address in which he extolled the
virtues of free trade and said in that commercial and
in that radio address that tariffs are not a good
thing overall for the US economy or for the global economy.

(04:08):
The President on the flight over to Japan said he
will let Canada know very soon when those additional ten
percent tariffs will take offet.

Speaker 4 (04:18):
Let them know. Ronald Reagan loved tariffs.

Speaker 3 (04:22):
He used them sparingly, which he probably would make a
he made a mistaken that.

Speaker 4 (04:28):
And again, I was the biggest fan of Ronald Reagan,
but on.

Speaker 3 (04:33):
Finance, on trade, it wasn't his strong suit. But he
liked tariffs, and they totally changed that to say that
he didn't because they're catering to the Supreme.

Speaker 1 (04:43):
Now, it's important to keep in mind that this commercial
was not run by the Prime Minister or the Canadian government. Instead,
it was an ad paid for by the leader of
the Province of Ontario. But President Trump on the flight
over to Japan said he believes that the Prime Minister

(05:04):
Mark Harney knew about that commercial before it was placed
by the leader of Ontario. Let's listen to the president
right here, whether it's.

Speaker 3 (05:13):
Provincial or Candida itself, they all knew exactly what the
end was. The Prime Minister knew.

Speaker 4 (05:20):
Everybody know. The Prime Minister knew what the end was before.

Speaker 5 (05:22):
What you seem an effect?

Speaker 3 (05:23):
Do you want to be with him?

Speaker 4 (05:25):
I don't want to be with him now. I'm not
going to be meeting with him for a while. I'm
very happy with the deal we have right now with Canada.
We're gonna let it ride.

Speaker 1 (05:33):
President Trump on Monday said he might announce before the
end of the year his pick to succeed Federal Reserve
Chairman Jerome Powell. His term expires next May, and the
President has indicated that he is on track to choose
from five finalists. Treasury Secretary Scott Bessett, traveling with the
President on this five day Asia trip, was also a

(05:55):
board Air Force one, and during that Q and A
with reports in the back of the plane, he said
the list of fed Cheer candidates has indeed been whittled down.
Here's Treasury Secretary Scott Besson down to five.

Speaker 5 (06:10):
We're obviously traveling a lot. Now we're going to continue.
We're going to do a second round, and we hope
to present a goods link to the President right after
Thanksgiving that a ultimility to be his choice.

Speaker 1 (06:23):
Now, those five candidates include two sitting FED governors who
were initially nominated to the Central Banks Board by President Trump,
Christopher Waller and Michelle Bowman, who is also the Vice
chair for Bank Supervision. Two candidates, however, are widely seen
as the front runners. One is Kevin Hassett, he's the

(06:44):
director of the White House National Economic Council, and the
other is Kevin worsh He's a former FED governor nominated
by former President George W. Bush. There's another individual, Rick Ryder,
who is a senior executive at black Rod, who rounds
out those five possible candidates to be the next FED chair.

(07:06):
As for the FED itself, the FED cut interest rates
in September by a quarter point and the Fed is
widely expected to cut rates by another quarter point. And
it's two day meeting. It begins today, it concludes on Wednesday. Now,
for that Fed Chair announcement, the President had indicated that
perhaps it would be by the end of the year

(07:27):
that he would make that an announcement. Historically, the White
House has announced a new chair around three to four
months before the expiration of the sitting fedchair's term, before
that would end. An early announcement could allow a chair
in waiting to influence investor expectations about the likely path

(07:49):
for interest rates. And we know how the President feels
about interest rates. He believes they should be a lot
lower than what they are right now. It is day
twenty eight of the federal government shut down, and there
could be some movement because of some deadlines coming up
towards the end of the week now. Senator Ron Johnson
of Wisconsin, he's the lead Senate Republican negotiator on a

(08:10):
bill to pay key federal workers during the shutdown, says
he's offered Democrats a proposal to pay all federal workers,
both essential and furloughed federal employees during the shutdown. Democrats
last week block Johnson's Shutdown Fairness Act, which would pay
only essential workers, including military service members and air traffic

(08:34):
controllers during the shutdown. That vote failed fifty four to
forty five, but three Democrats voted for it. Senators John
Fetterman of Pennsylvania and John Asoff and Rafael Warnock. Those
are both Democrats from Georgia. Democrats are under heavy pressure
right now to accept a proposal coming from Senator Johnson.

(08:56):
That's after the president of the America Federation of Government
Employees that's the largest union representing federal workers, issued a
statement on Monday urging Congress to pass a clean continuing
resolution to end the shutdown. That union represents eight hundred

(09:18):
twenty thousand federal and DC government workers. The union's demand
is the same approach that Republicans have actually urged Democrats
to adopt for the past month. Hundreds of thousands of
government employees missed full paychecks last week, and more are
set to go without their pay this week. Republican leaders

(09:39):
have said the only way out of the shutdown is
to pass this continuing resolution to fund the government and
then turn to any negotiations. The negotiations they say should
come after the government is reopened. By contrast, Senate Minority
Leader Chuck Schumer wants bipartisan negotiations to extend those expiring

(10:01):
Affordable Care Act healthcare subsidies before Democrats will vote to
reopen the government. Now, there are some deadlines coming up
that Congress is very much well aware of. Come November first,
the end of this week, SNAP benefits will be halted
for over forty million people, Troops will miss their next paychecks,

(10:22):
and millions of Americans will see sharp premium hikes as
they start shopping for Affordable Care Act health plans. In
addition to that, the air travel system appears to be
at a growing risk of understaffing, which is causing delays
throughout the system. President Trump, of course, he's in Asia

(10:45):
all this week, so there's little hope of an immediate breakthrough.
But Senators are exploring ways to ease those burdens that
may be presented this week related to the shutdown. For instance,
Senator Josh Hawley said he may try to seek unanimous
consent on a bill to fund SNAP, the Supplemental Nutrition
Assistance program for the duration of the shutdown. And then,

(11:09):
of course, I mentioned Senator Johnson's bill that now could
get bipartisan support. Still, there's no sign that most Democrats
are ready to abandon their position until Republicans negotiate a
deal to extend enhanced ACA subsidies past the end of
this year. Also on Monday, the President made a little

(11:30):
bit of news that's getting some attention regarding his health.
The President said that he received an MRI scant during
a recent trip to Walter Reed National Military Medical Center
in Bethesda. It's the first time that he has provided
a reason for his second medical exam this year, and
according to some it has raised some new questions about

(11:52):
the President's health. Let's listen to what the President said
in response to a question regarding that trip to Walter Reed.
On the flight over to Japan.

Speaker 4 (12:02):
I got an m IO was perfect, Hill. I mean
I gave you. I gave you the flour reselves. We
had an Mr MRI and in the machine, you know,
the whole thing, and it was perfect.

Speaker 5 (12:14):
Any say one in particular, they might you.

Speaker 3 (12:16):
Could ask the doctors that, in fact, we have doctors
traveling up with this.

Speaker 4 (12:21):
But I think they gave you a.

Speaker 3 (12:22):
Very conclusive Nobody has ever given you reports like I
gave you. And if I didn't think it was going
to be good either, I would let you know. Negatively,
I wouldn't run, I do something. But the doctor said,
some of the best reports for the age, some of
the best reports they've embassy.

Speaker 1 (12:40):
As you heard the President say, he did indeed receive
an MRI. He said it was perfect, And the President
claimed his doctors offered reporters what he called a very
conclusive report of the exam. But the White House had
not previously disclosed the reason for this second visit to
Walter Reed. This past summer, the White House announced that

(13:00):
the President was examined for swelling in his legs and
has been diagnosed with chronic venous insufficiency. That's a condition
in which valves inside certain veins don't work the way
they should, which allows for blood to pull or collect
in the veins. About one hundred and fifty thousand people

(13:21):
are diagnosed with it each year, and the risk goes
up with age. Symptoms can include swelling in the lower
legs or ankles, and treatment may involve medication or, in
later stages, medical procedures. The White House physician has attributed
this condition to a combination of frequent handshaking and aspirin use,

(13:43):
which can increase bruising. So that's some news that the
President made that is making some rounds as it relates
to the President's health. As a reminder, President Trump is
seventy nine years old. He's one of the oldest presidents
in US history.

Speaker 6 (13:58):
As for Tuesday, the President continues his trip in Japan
today and then it's going to be off to South
Korea to attend the APEX Summit. And of course we
know at the end of the week the President will
be meeting with Chinese President Shijiping.

Speaker 1 (14:15):
The White House believes that will be a meeting in
which a trade deal can be sealed between the US
and China. That's the White House briefing room for Tuesday,
October twenty eighth. I'm John Decker. Have a good one.
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