The Fox News Rundown Business Rundown: Tariffs, Tax Cuts, & The Economic Goals Of Trump 2.0
Jan 20, 2025
Liz Peek, a Fox News contributor and former partner at Wertheim & Co., shares her insights on the economic strategy as the second Trump administration begins. She discusses the potential renewal of Trump-era tax cuts and the implications of tariffs on trade. Peek analyzes how deregulation and energy policies could lower living costs for Americans. She also examines inflation trends influenced by federal spending and the complexities of keeping the tax cuts favorable before their expiration. It's an engaging look at how these moves might reshape the economy.
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Economic Priorities
- Renew the 2017 Trump tax cuts to boost American wallets.
- Push for deregulation to help small businesses succeed.
Strategic Tariffs
- Tariffs are a successful bargaining tool, not an indiscriminate price-raising measure.
- Trump will use tariffs strategically in trade negotiations.
Energy Race
- The global competition is for energy, not just clean energy.
- The US needs an all-of-the-above energy policy, including fossil fuels, for economic competitiveness.