There has been a roller coaster of tariff announcements and market reactions over the recent days. NBC10’s Lauren Mayk spoke with Wilbur Ross who served as commerce secretary during the first Trump administration. Hours before President Trump announced a pause on tariffs for most countries, Ross spoke about the tariffs, the economy, and why he would have recommended that Trump pursue the tax bill first.
Here’s a full breakdown of the episode:
00:39 – How the new tariffs are being implemented
3:58 – The impact of the tariffs on the economy
4:45 – Bringing manufacturing back to the U.S
7:02 – Tariffs during the first Trump administration
8:34 – Why Ross would have recommended Trump pass the tax bill first
10:28 – Amount of time Trump has to make deals with other countries
12:14 – The impact on American companies
14:42 – What approach Ross would recommend on tariffs
15:44 – Whether or not he’s concerned about a potential recession
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Source: www.nbcphiladelphia.com…