The Fox News Rundown From Washington: Tariffs and The Trump Economic Agenda
Nov 30, 2024
Edward Lawrence, a Fox Business Network correspondent, discusses President-elect Trump's proposed tariffs on Canada, Mexico, and China, analyzing potential impacts on consumers and the economy. In a gripping conversation, former CIA Chief of Station Dan Hoffman shares insights into the historic prisoner swap with Russia, emphasizing its diplomatic significance. The dialogue explores how tariffs can act as a pressure tool in negotiations and the complex dynamics of U.S.-Russia relations amidst ongoing geopolitical tensions.
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Non-Traditional Tariff Use
- Trump's tariff strategy aims to curb illegal immigration and drug flow, not solely for economic concessions.
- This differs from traditional tariff use, which typically focuses on economic gains.
Tariffs as Leverage
- President-elect Trump plans to use tariffs as leverage to achieve policy goals.
- These tariffs target goods from Canada, Mexico, and China.
Past Tariff Success
- In his first term, Trump used tariffs to implement the Remain in Mexico plan.
- This involved closing the border and threatening tariffs on Mexican goods, which led to Mexico's cooperation.