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The Fox News Rundown

Business Rundown: Tariffs, Tax Cuts, & The Economic Goals Of Trump 2.0

The Fox News Rundown

FOX News Radio

Politics, Daily News, News

3.41.5K Ratings

🗓️ 20 January 2025

⏱️ 20 minutes

🧾️ Download transcript

Summary

Today marks the beginning of the second Trump administration, and as the podcast tapes just before the swearing-in ceremony, reports are already circulating about the litany of executive orders and swift policy moves from the President on Day One. So what are the economic priorities of President Trump this time around, and how will they affect Americans’ wallets?  FOX Business correspondent Gerri Willis speaks with FOX News Contributor and former partner at Wertheim & Co. Liz Peek about the impact of tariffs, renewing the 2017 Trump tax cuts, deregulation, friendlier energy policies, and more. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:12.5

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0:17.5

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0:29.8

I'm Jerry Willis, and this is the Fox Business Rundown.

0:38.7

Monday, January 20th, 2025.

0:42.4

After the inauguration of President Donald Trump,

0:45.3

the administration is teased they plan to move quickly on his agenda.

0:49.8

And in his second White House,

0:51.4

we can expect him to negotiate tougher across the board.

0:54.4

I mean, look, this is not a stupid group that's assembling in Washington.

0:58.9

It's a pretty smart group of advisors.

1:01.1

And I think Donald Trump himself knows exactly what these tariffs can do for the American

1:05.5

people and will use them accordingly.

1:07.8

Today marks the beginning of the second Trump administration. And as we tape,

1:11.7

just before the swearing-in ceremony, reports are already circulating about the litany of executive

1:17.6

order and swift policy moves from the president on day one. Through his campaign, Trump laid out

1:24.6

his economic agenda, arguing America should act tougher when it comes

1:28.7

to trade and tariffs while hoping to boost business with deregulation and tax cuts.

1:34.6

Wall Street has so far responded well to those policy ideas, and even for those on Main Street,

1:39.9

there's been a reported uptick in economic optimism. So what can everyday Americans expect from the Trump administration's economic agenda

...

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