Waltzing Out of the White House, Trump Gets Ukraine Mineral Deal, Trump Explains Tariff Impacts

Join Jim and Greg for Tuesday’s 3 Martini Lunch as they discuss the sudden exit of National Security Adviser Mike Waltz, a revived U.S.-Ukraine minerals deal following weeks of political drama, and President Trump’s admission that his tariff policies could mean fewer choices and higher prices for American consumers—at least in the short term.

First, they’re shocked by the abrupt departure of both National Security Adviser Mike Waltz and Deputy National Security Adviser Alex Wong. The move comes just weeks after Trump publicly defended Waltz during the Signal messaging controversy. Jim questions why this shake-up is happening so early in the term and expresses concern over who might replace Waltz.

After this recording, Trump announced Waltz is being nominated as U.S. Ambassador to the United Nations. Secretary of State Marco Rubio will serve as interim National Security Adviser.

Next, they cheer the U.S.-Ukraine agreement on critical minerals, which had been in doubt after a tense episode involving Trump, Ukrainian President Zelensky, and Vice President J.D. Vance. Jim also notes a new State Department commitment of $50 million in military aid to Ukraine.

Finally, they react to President Trump saying that his tariffs and other economic policies will ultimately strengthen the economy but that consumers might see fewer options and higher prices in the short term. Using the example of children having “two dolls instead of thirty,” Trump conceded there may be fewer options and slightly higher prices. Jim agrees the tariffs are putting pressure on China, which is good, but he warns that voters may balk at paying more for less.