Extra: Kevin O’Leary’s Blueprint for A More Affordable America

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.4 • 1.7K Ratings

🗓️ 18 January 2026

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Trump is touting a strong economy while promising new measures to tackle affordability. However, a major part of his agenda could be dealt a blow as an imminent Supreme Court ruling is expected to redefine the president’s tariff authority. If the High Court rules against the administration's reciprocal tariffs, it could mean companies are entitled to billions in refunds. O’Leary Ventures Chairman Kevin O’Leary joined the Rundown’s Jessica Rosenthal this week to discuss the potential fallout of the ruling, the growing concerns over the cost of living, and why he remains optimistic about the direction of the economy. O’Leary explained how he would adjust the President’s tariff strategy and shared his advice for Washington on addressing the affordability crisis. The Shark Tank star also discussed why investing in energy infrastructure is vital to growing the U.S. economy and competing with China. We often have to cut our interviews short during the week, but we thought you might like to hear the full conversation. On today's Fox News Rundown Extra, we share our entire interview with entrepreneur Kevin O’Leary. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This is the Fox News Rundown Extra. I'm Jessica Rosenthal. This week we spoke with Mr. Wonderful,
0:10.1	O'Leary Ventures Chairman and Shark, Kevin O'Leary, about what happens if the Supreme Court
0:14.5	strikes down some of President Trump's tariffs that were implemented under the International
0:18.7	Emergency Economic Powers Act.
0:25.3	He gave us insight into the concerns of actual companies, but we also talked about how he views the economy overall after the president insisted from Detroit this week that the economy is great.
0:31.0	O'Leary talked about affordability in light of tariffs as well as health care costs, but also about
0:35.9	the cost of energy as AI demands more and more electricity.
0:40.3	O'Leary thinks he's got a short-term solution and it involves natural gas.
0:44.3	We often have to cut interviews down for time during the week, but thought you might like to hear this full interview.
0:48.6	Thanks for listening.
0:49.5	Please follow the Weekday Rundown podcast if you don't already.
0:52.5	Now, here's Kevin O'Leary on the Fox News Rundown Extra.
1:00.7	Let's start on this tariff issue.
1:03.4	We could get a ruling as soon as this week.
1:06.1	I know the White House, the president has said tariffs have been used for national security,
1:09.3	but that they're also part of this carrot and stick approach on companies. What does it do? What does it mean? What will
1:16.3	happen if the Supreme Court strikes down these emergency use tariffs? Yeah, so I mean, I think
1:22.7	people are quite confused about what the outcome is going to be of this ruling. And I think
1:25.8	this is what's going to look like. It's to be a menu tariff let's go your first question
1:31.2	which is correct tariffs have been used in trade policy for generations I mean it's
1:37.4	it's part of the toolkit of any administration and tariffs are it's not the first time
1:43.5	tariffs have been posed and generally speaking not the first time tariffs have been posed and
	...

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