The economic leanings of the man who's just become Republican number two.

I'm David Brancheto in New York. If the Trump Vance ticket emerges the winner in November,

let's look at what we know about a Vice President

JD Vance's views on spending jobs and government's role in business and trade.

Hint Vance sees a big role for government. I spoke with Scott Linsicum this morning. He's

Vice President of General Economics and Trade at the Libertarian Leaning Cato Institute.

Thank you for doing this.

Thanks for having it. We know where JD Vance is on Ukraine spending.

He's led the charge against more of it and wants Ukraine to settle with Russia, but what about

what some would call industrial policy?

Do we have any sense?

J.D Vance is an advocate of industrial policy, reflecting a pretty strong turn for most of the Republican

Party from one of mostly free markets to a much more intervention as to much more populist economic mindset,

really going out there and picking winners and losers in the market to apply taxes. and

picking winners and losers in the market to apply, you know, taxes and subsidies and whatever it takes

to build that industry as the politician sees fit.

And one of the tools there, I mean you alluded to it, is trade policy but also tariffs.

Donald Trump rejects the view of nearly every economist the tariffs are paid for by consumers and can be

inflationary. JD Vance he's not an economist. In any sense he has a more

nuanced view of this? It doesn't seem so. He seems to be an equally potent advocate for using tariffs to do things like reduce the trade deficit and of course protect American companies and workers.

Vance being from Ohio,

he's been a strong advocate for the steel tariffs

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