Face the Nation with Margaret Brennan USTR Jamieson Greer, Gov. Michelle Lujan Grisham, Dr. Mehmet Oz
Aug 3, 2025
Jamieson Greer, a former trade representative under President Trump, shares insights on current trade negotiations and the implications of tariffs. Brian Moynihan, CEO of Bank of America, discusses the economy's response to these tariffs. Canadian Minister Dominic LeBlanc weighs in on U.S.-Canada trade relations. Dr. Mehmet Oz sheds light on changes to Medicaid, while Governor Michelle Lujan Grisham highlights challenges in rural healthcare and the impact of federal policies in New Mexico. It’s a thought-provoking dive into critical economic and healthcare issues.
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Tariff Strategy and Deficit Focus
- Tariff rates are largely predetermined based on existing trade deals and deficits.
- President Trump prioritizes tariffs over deals to reduce trade deficits and reshore manufacturing jobs.
Manufacturing Jobs and Tax Bill Timing
- Manufacturing job contraction data comes before implementation of the new tax bill.
- Upcoming investments linked to the tax bill are expected to offset earlier economic slowdowns.
Canada Tariffs and National Security
- Tariffs on Canada largely reflect previous retaliations and national security concerns.
- Maintaining tariff levels is seen as necessary to uphold effectiveness despite negotiations ongoing.