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The Fox News Rundown

Business Rundown: Tariffs & What They Mean For You

The Fox News Rundown

FOX News Podcasts

Politics, Daily News, News

3.41.5K Ratings

🗓️ 2 December 2024

⏱️ 12 minutes

🧾️ Download transcript

Summary

President-elect Trump has proposed a suite of different tariffs on our trade partners, leaving many wondering whether they’ll come to fruition or if they’ll be used as leverage in negotiations. Over the weekend, Trump even floated the idea of “100% tariffs” on the BRICS group of countries, which includes Brazil, Russia, India, China, and South Africa. FOX Business correspondent Gerri Willis speaks with Capitalist Pig hedge fund founder and FBN contributor Jonathan Hoenig, who explains what tariffs are, how they’ve impacted the U.S. economy and consumers historically, and why he believes we are entering “the great unknown” on trade policy. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Is crypto perfect?

0:01.9

Nope.

0:02.7

But neither was email when it was invented in 1972.

0:06.0

And yet today, we send 347 billion emails every single day.

0:12.1

Crypto is no different.

0:13.5

It's new.

0:14.2

But like email, it's also revolutionary.

0:17.6

With Crackin, it's easy to start your crypto journey with 24-7 support when you need it.

0:22.6

Go to crackin.com and see what crypto can be. Don't invest unless you're prepared to lose all the money you invest.

0:27.3

This is a high-risk investment and you should not expect to be protected if something goes wrong.

0:30.1

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

0:38.5

Monday, December 2nd, 2024.

0:42.1

President-elect has proposed a suite of different tariffs on our trade partners,

0:46.4

leaving many wondering whether they'll come to fruition or if they'll be used as a leverage in

0:51.6

negotiations.

0:52.9

What the president is suggesting is pretty dramatic.

0:56.0

It's certainly a major change from what's currently in place.

0:59.0

And I think it's not too surprising that many Americans, especially many business people,

1:03.0

are somewhat concerned and a little bit curious.

1:06.0

President-elect Trump over the weekend floated the idea of 100% tariffs on the BRICS group of countries. That's Brazil,

1:13.5

Russia, India, China, and South Africa, along with Iran and the United Arab Emirates. Trump has said

1:20.3

he wants to implement these tariffs if these countries try to replace the U.S. dollar in international

...

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