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The Fox News Rundown

Extra: Are Americans Willing To Stop Buying Cheap Stuff From China?

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.41.7K Ratings

🗓️ 4 May 2025

⏱️ 16 minutes

🧾️ Download transcript

Summary

Significant economic news broke this past week amidst the Trump administration's first 100 days celebration: GDP declined in the first quarter, marking the first decline since 2022. President Trump responded by blaming President Biden's policies and claiming his economic policies, including tariffs, were already beginning to work. On Wednesday, Taylor Riggs, Co-Host of FOX Business's "The Big Money Show," joined Jessica Rosenthal to discuss the GDP report, President Trump's response, and the state of the economy. Riggs explained the administration's arguments for tariffs and the importance of reaching deals with significant trading partners, like India, Canada, and Mexico, for their plan to work. She also discussed how their plan could transform how businesses manufacture their products and how Trump's policies could lead Americans to realize that buying cheap Chinese-made products isn't worth it. We often must cut interviews short during the week, but we thought you might like to hear the full interview. Today on Fox News Rundown Extra, we will share our entire interview with FBN's Taylor Riggs and get even more of her take on the economy and the President's transformative policies. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Amazon offers term time working to their employees, like Anton,

0:05.0

who's home to look after his daughters during their holidays.

0:10.0

Hello!

0:11.0

To him, this is the best sound in the world.

0:13.0

Daddy!

0:14.0

Actually, maybe that's the best sound of all.

0:23.2

Now that's term time working.

0:24.6

Offered at Amazon.

0:26.9

Ten weeks off guaranteed per year.

0:29.1

Mix of paid holiday and unpaid time off.

0:29.9

Conditions apply.

0:33.3

This is the Fox News Rundown Extra.

0:38.2

I'm Jessica Rosenthal.

0:43.0

This past week, we spoke with the co-host of The Big Money Show on Fox Business, Taylor Riggs,

0:48.4

about the significant economic news out of the week amidst the Trump administration's first 100-day celebration,

0:53.0

a decline in GDP in the first quarter, the first decline since 2022.

0:55.8

The president reacted by saying that was the first quarter, and that was Biden's stock market, as he put it. The administration said in a statement

1:00.1

that there was much other rosier economic data out there, including an increase in exports,

1:04.3

but did acknowledge that much of this decline was likely due to an increase in imports, front-loading

1:09.7

ahead of tariffs.

1:15.3

The president went on to defend tariffs at a cabinet meeting after the GDP number came out,

1:20.8

while his trade representative and Treasury Secretary indicated major new trade deals were in the works.

...

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