Trumponomics Bonus: How Is Trump Changing US Economic Competitiveness?
11 snips
Jun 8, 2025 
Gary Cohn, Vice Chairman at IBM and former chief economic advisor to Trump, joins Peter Orszag, Lazard CEO and former OMB director, and Kevin McCarthy, the 55th Speaker of the House, to discuss the future of the U.S. economy under Trump's policies. They analyze how these policies could reshape economic competitiveness and resilience, tackle supply chain vulnerabilities, and the importance of international partnerships. The conversation also touches on immigration's role in attracting talent, the balancing act of budget cuts, and the need for sustainable economic strategies.
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US Economic Resilience
- The US economy is incredibly resilient despite crises like depressions, recessions, and COVID.
- It remains the world's reserve currency with strong capital and corporate investment.
Mix of Resilience and Innovation
- US will be more micro-resilient but less macro-resilient due to fiscal and power projection vulnerabilities.
- Technology advancement, especially in AI and quantum, outweighs short-term tariff impacts.
Tax Policy Drives Investment
- Tax policy drives investment decisions more than any other factor in the US economy.
- Extending and enhancing tax cuts, including R&D credits and depreciation, will boost investments.
