jamieson greer is due to be us trade rep.osing tariffs on china during trump's first term. like their boss, these guys love tariffs and protecting us industry — not always to everyone's taste. and then, there are the newest faces in trump world, the cool kids — or are they the geeks? — the tech bros. elon musk and vivek ramaswamy aren'tjust running the so—called department of government efficiency, they're also from the heart of silicon valley and reflect donald trump's fresh enthusiasm for the tech sector and crypto. so, how will these very different agendas be made into one? he's notjust getting one echo chamber but actually having different views about what to do, what the impacts will be and then, he's gonna make the decision — as is rightly his decision. we know from his first administration that donald trump likes a white house full of different factions, struggling in loud disagreement. it seems that when it comes to his economic team, he's done that again — which could lead to all sorts of fallings—out in the global e

you've got the veteran, jamesson greer, who's -- jamieson greer, kevin hassett, who's a frequent guests the agencies depending on the issue you're going to have -- liz: well -- >> -- homeland security. so we've got an agenda, and it's going to be really good. the one thing i want everybody to get tracking now on is that in our view, tariffs are tax cuts. tariffs are tax cuts. liz, one of the the great charts the president loves to show is the one that shows tariffs as a percentage of revenue versus income taxes over time. and prior to 1913 and the introduction of the income if tax, tariffs were how we had prosperity ask security in america -- and security in america. hen we went to the income tax -- liz: right, but -- liz: peter -- >> go ahead, go ahead. liz: we don't know what real a ya a story the tariffs these countries might then slap on us. if return, that said, yesterday the president said february 1st we will probably see 25% tariffs on incoming goods from our allies, canada and mexico. if will we see that february 1st? is that a hard date? >> it's the president's decision. but

jamieson greer in particular, nominee for the ustr.er really honored their promises. maybe less of a scope for a deal with china. the eu, for instance, will be a big focus. president trump also has an issue with eu autos in particular. that may be an area where there is scope for a deal. i think there is a real question on president trump's side as to how open is he to a deal. annmarie: good point on autos. trump used to always say why don't i see any fords when i see mercedes all over the place. what set of these is getting your clients the most concern? -- giving your clients the most concern? libby: it depends where they are located. clients overseas are focused on the risks to the economic forecast as it relates to tariffs. potentially the ditch of mental impacts of immigration on growth -- detrimental impacts of immigration on growth. the scope and the sequencing. do they lead with draconian tariffs and big actions on immigration? is that marva phasing in -- more of a phasing in and to get tailwinds from tax cuts and deregulation?

i think what is happening is there is a debate that's going on between the peter navarros and jamieson greersre opportunities to unleash amazing things for the united states economy and tariffs are part of it but let's do it in order that does not negatively impact the stock market and negatively impact the american people. annmarie: there's been a barrage of executive orders. did any surprising? ed: the creation of the department government efficiency, doge, taking over another agency within the executive office of the president. an agency that was created by barack obama, the u.s. department of digital services, after the field launch of health care -- failed launch of healthcare.gov. it's an agency with staff, with a budget. president by requested $35 billion for that agency in his fy 25 budget. on march 14 when have to extend government funding, republicans tkibuli plus -- can immediately plus up a budget. elon musk will have a budget and directive. increase the i.t. capabilities of all government agencies. there was a big selloff when doge was announced we would have been cuts to governm

annmarie: we get the hearings from jamieson greer where they talk about broad-based tariffs. will see the debate as we saw during trump 1.0 played out very much in public. jonathan: looking forward to another four years of this. inauguration, january 20. donald trump expensive agenda. >> i'm shocked i don't think the market fully has embraced how much deficit spending i think we are about to do. we will have $6 trillion, $7 trillion in deficit finance spending. jonathan: president-elect donald trump sharing the republican congress is working on one powerful bill that will bring the country back. it will focus on the border, energy, tax cuts. warming to prepare for a giant deficit number. we expect federal spending to reflect inflation. the total deficit increases in curve could easily exceed $5 trillion. henrietta, as you know, that is a big number. that is just the baseline. upwards of what? how big could that number be? >> to get to your point on the earlier conversation, that is absolute deficit spending. the reason the tax cuts expired at all was because 2017, that was us