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The Fox News Rundown

Business Rundown: The President's "Economic Miracle": Was Trump Right About Tariffs?

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.41.7K Ratings

🗓️ 2 February 2026

⏱️ 18 minutes

🧾️ Download transcript

Summary

President Trump is taking a victory lap. In a recent Wall Street Journal op-ed, the President pushed back against critics who predicted an economic "meltdown" following his sweeping tariffs on foreign goods. Instead, he’s calling the current climate an "economic miracle." But is the celebration premature? While the President claims America is now the "hottest" economy in the world, investors are bracing for a looming Supreme Court decision that could dismantle the administration’s entire trade strategy. Today, Taylor Riggs sits down with Mike Murphy, Founder and Managing Partner at Rosecliff, to discuss whether these tariffs are a long-term win for U.S. security or a house of cards waiting for a judicial ruling. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:47.3

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0:50.3

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0:53.3

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0:56.6

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1:01.8

I'm Taylor Riggs and this is the Fox Business Rundown.

1:09.4

Monday, February 2nd, 26.

1:16.9

The president is taking a victory lap saying that tariffs are proving his critics wrong and have brought America back.

1:21.4

A lot of people, a lot smarter than me, said tariffs are going to cause inflation.

1:25.1

They have to cause inflation. It's a tax on the consumer. It's going to be bad.

1:27.7

Well, I think the proof is in the pudding. It's not bad.

1:32.5

When President Trump imposed tariffs on most foreign countries back in the spring,

1:40.2

economists on both sides of the aisle raised serious concerns. Some even predicted an economic disaster.

1:45.3

In a Wall Street Journal op-ed, the president answers his critics.

1:49.1

He says his trade policies have not caused a meltdown.

1:52.6

Instead, he calls the results an economic miracle.

1:58.8

He argues his policies have not only bolstered American security, but have also helped the markets and given U.S. industries a boost, making our country,

...

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