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GZERO World with Ian Bremmer

What Donald Trump's second term will mean for the US economy

GZERO World with Ian Bremmer

GZERO Media

International Relations, Government, Foreign Policy, Gzero World, News Commentary, Trump, News, Global Economy, Geopolitics, Politics, Ian Bremmer

4.6684 Ratings

🗓️ 7 December 2024

⏱️ 43 minutes

🧾️ Download transcript

Summary

Donald Trump has promised to fix what he calls a broken economy and usher in a “golden age of America.” He’s vowed to implement record tariffs, slash regulation, and deport millions of undocumented immigrants. But what will that mean practically for America’s economic future? On the GZERO World Podcast, Ian Bremmer is joined by Oren Cass, founder and chief economist at the conservative think tank American Compass, to discuss Trump’s economic agenda and why Cass believes it will help American workers and businesses in the long run.

Transcript

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0:00.0

Hello and welcome to the GZero World podcast.

0:05.6

This is where you'll find extended versions of my interviews on public television.

0:09.5

I'm Ian Berman, and today we are taking a deep dive into the future of the American economy.

0:15.9

Donald Trump has promised to cut taxes, deport millions of undocumented immigrants, and reduce the trade deficit.

0:22.4

His message? Trade deals that pumped billions into foreign economies have hurt U.S. workers

0:27.4

and businesses, and it resonated with voters who felt left behind by globalization.

0:33.4

His solution, tariffs, big ones.

0:36.2

Trump's called for a minimum 10% tariffs on all imports globally and at least 60% on goods from China

0:42.7

to protect U.S. jobs and boost manufacturing.

0:46.2

Trump calls tariffs the most beautiful word in the dictionary, but economists warn they'll spark a global trade war and send prices soaring.

0:55.0

My guest today disagrees.

0:57.5

Oren Cass, founder and chief economist of the conservative think tank American Compass,

1:02.5

says tariffs prioritize long-term benefits for workers.

1:06.3

His writing challenges mainstream economic thinking, so naturally I had some questions.

1:10.8

We'll unpack Trump's economic agenda.

1:13.6

Inflation and why Cass calls tariffs Trump's most misunderstood policy proposal.

1:19.7

Let's get to it. Warren Cass, welcome to GZero.

1:40.2

Thank you for having me.

1:41.8

I want to talk today with you about what we should expect from a Trump

1:46.9

administration on economic policies. And, you know, this is an area that there's a lot of misinformation.

1:54.0

There's also a lot of polarization. I want you to tell me first, just lay out a little bit

1:58.8

where you think a Trump administration

...

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