larry kudlow and i are going to have a detailed discussion in the q&a on tax policy, including the president'sriorities on permanence, current policy baseline, no tax on tips, no tax on social security, no tax on overtime, and deductibility of loans on america-made autos. first, i will address a critical aspect of our domestic economic agenda, responsibly deregulating the financial sector to accelerate what i call the re-privatization of the economy. second, maybe some of you have an interest in thispresident trump's tariff policies have begun the process of reorienting our international economic relations. i'll review our broader international economic policy goals from a first principles basis and discuss how tariffs fit into the picture. lastly, economic security and national security are inseparable. at treasury, our unique financial tools are a critical component of u.s. foreign policy. i'll address how we are updating those tools and give the first real-time example here today. at treasury, we will lead a comprehensive and assertive effort across the administration to empower our nation'

i agree with larry kudlow that this is a bit of the biden hangover appear they flush the zone with massive amounts of government spending in the last couple months, and that has caused prices to go up, but i also agree a little bit, you know, with you that i think the tariffs -- robert is right. these are not a good thing for the economy right now. i think there is a lot of uncertainty about a lot of investors. i think businesses are confused by it, and the market is clearly not very happy about it. what i would like trump to do, don't talk about tariffs right now if your about getting your tax cut done and getting that victory. i think that would really improve the american spirits on the economy. >> sandra: send this off with this. senator eric schmidt joined us at the top of the last hour. >> we took in a couple hundred billion dollars. our reliance on china went from about 20% to 13% of imports. very effective without causing inflation. record investment appeared almost $2 trillion in the first month, whether it is honda deciding they want to build in the united states. mercedes-benz.

. >> bret: let's get some analysis from larry kudlow of fox business. larry, great to have you. good to see you. >> terrific, bret. thank you. >> bret: i know you had commerce secretary howard lutnick on your program. made some news. and then the past few minutes he said that the president could announce a pathway for tariff relief on mexico and canada as soon as tomorrow. >> yes, he did. >> bret: how did you read this? >> he talked about a compromise could be announced tomorrow. not a lifting of the tariffs. not even a pausing. but something in the middle, quote, unquote. and he seemed to be mentioning product exemption. so it could be -- you were talking about a lot of car parts and things of that nature, which is what makes trade to complicated. so it's possible at the usmca agreement. >> bret: which is the renegotiated nafta that the first trump administration got in place. >> yes, blood, sweated, and tears. i was part of that yes. and perhaps some of those parts will be taken out. he said in the middle. i don't know that could be a 12.5% tariff. we will have to wait and see

," i'm larry kudlow. so presi

. >> john: it preseeds larry kudlow's comments. he's standing by. let's go to ed lawrence with the latest. what impact has it made to the work force? don't forget, larry will be critiquing every word you say. >> the jobs report is compactly what the federal reserve wanted to see. the unemployment remains in the neutral range. 151,000 jobs created. that was in the range that they were looking for. this means basically the hint is no rate cuts. status quo. one glaring part of this jobs report is that government sector jobs did not leave the hiring. governments lost 10,000 jobs historically. this tracks with a trump administration. when you look at the government hiring from state, low educational and federal under the first trump administration, the government lost 626,000 jobs 2017 to 20. under the biden administration, the government sector added 1.8 million jobs from 2021 to 2024. this is taxpayer money that could be saved or used in other ways. kevin hassett says that we lost 108,000 manufacturing jobs under the biden administration. the president

. >> hello folks welcome to "kudlow" i am larry kudlow. i give one half cheer for the economy right now in today's jobs numbers. not until president trump's entire pro-growth program is put in place will i get really excited about life but we're going to talk about it with taylor riggs and edward lawrence and breitbart john carney. we will get all even just a moment, education secretary linda mcmahon d funding columbia university and dismantling the education department and interior secretary doug bergman is going to tell us how we might be able to monetize all the federal land out there and finally first that fox news peter doocy live at the white house he has more stuff. are you buying crypto or what is happening there. >> i have not yet forget it's one of the things you go around the white house before the summit should i buy or not and people give you a crazy look. short answer to your question. here on jobs day, president trump is trying to defend the numbers by basically saying looking ahead he thinks the report reflects an emphasis

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scott bessent telling our own larry kudlow that congress needs to tax cut in budget bill. >> the closer we get the bill expiring the more that i would call uncertainty tax goes up because the longer that we wait the bigger the chance that the unthinkable could happen and we can have a catastrophic tax increase. maria: the house ways and means set to begin hashing out plans to enact the tax agenda next week. what can you tell us in terms of when we can see that materialize giving the debt issues. >> the secretary is right, $400 billion if the tax cut in job act would expire it would be a 22% increase on average taxpayers, you would have 40 million families with a child tax credit cut in half and you would have 26 million small businesses not receive the 20% deduction and the highest rates and they would receive a tax hike, unacceptable. our families need relief small businesses need relief and we need to similar economic growth. tax cuts are centerpiece of the economic agenda. that's why the resolution which has the budget target needs to be adopted by the senate. we can hash out policy

larry: hello, folks. welcome to kudlow. i'm larry kudlow. president trump offering ukraine a way out of war. question is, will zelenskyy have the brains to take it? apparently not so far. we've got white house press secretary karoline leavitt joining us on that and other matters in just moments. the biden economy and what left of it looks like it's tanking. tax cuts and deregulation from president trump are so important and sure hope we hear a lot about it in the state of the union and senator eric schmitt on trump's trip wire plan for ukraine and new polls show how popular president trump's entire agenda is and emily compagno and miranda devine break it all down. florida congressman byron donalds throwing his hat into the incarcerated running for governor of florida. first up, fox news, pete doocy. live at the white house. peter, loathes of stuff happening. lots of stuff happening. reporter: larra i i was told by a senior official here there's really no appetite for this white house to revisit that ukraine mineral's deal unless and until vl

i'm larry kudlow. so treasury secretary scott bessent talks growth at the economic club of new york today. going to help elon musk's doge rescissions and newt gingrich on trump's golden age, economist ej antoni updates trade picture and new cabinet member sba kelly love herrera on importance of trump's tax cuts on small business. first, fox news peter doocy live at the white house. peter, what's cooking? reporter: larry, i came out of the oval office a few minutes ago and president trump talked about the meeting earlier today with a majority of the cabinet and elon musk, and they were trying to make sure it was a smooth road forward. he basically told saboteur net secretaries they need to work with musk and it's not because he thinks that musk is doing anything wrong or that he's wanting them to wok together on issues of staffing and wants the cabinet departments to keep staff that they want and let musk know which ones they don't want. going for them and not many people that don't work. trump elaborat

i look forward to engaging with you in q&a and my discussion with larry kudlow. >> thank you, everybody. thank you very much. thank you to secretary present -- beseent -- bessent for an excellent speech. secretary, let me begin -- of course you mentioned tariffs in your speech and almost everyone on wall street and in financial markets are obsessed with tariffs. i would say crazed about tariffs, and i thought perhaps we could take this opportunity for sin basic education to on the subject. so president trump in his speech to congress on tuesday very forcefully talked about changing the fair trading system, to which he referred in your own speech this afternoon. the president said there could be some one-time difficulties if i have that right -- one-time difficulties. maybe you talk about one-time difficulties, and perhaps the biggest question i hear all the time is our tariffs inflationary? sec. bessent: there was a lot to impact their -- unpack there. i would think over the coming months we will have a couple of adjustments. one i talked about as we deleverage the government sector and

the market seems to be moving with this interview being done with our own larry kudlow.re do the markets see this whole thing going next? >> there is a lot of uncer uncertainty. tickets back to the tariffs being announced in february to take place -- now being delayed until april. i think there were a lot of assumptions that they'd be delayed until april. we are now gripping them all in together. there is a l lot of uncertainty. >> are they a useful tool? >> if you're the administration and are trying to achieve outcomes they are trying to achieve: reduce fentanyl, lower border crossings. these are two in the arsenal to achieve those, so yes. >> and that's what we hear from this administration. doug, i know you've been on this program sharing another side of this story. is it fair to say you are anti-tariffs to make you don't think this is an effective way to go about this? >> i think there are several different kinds of tariffs, but in the end, we've got taxes on american consumers and businesses. those are substantial. i think people under appreciate that this round ta

. ♪ larry: hello, folks. welcome to "kudlow," i'm larry kudlow.o president trump delivered a colossus of a speech last night. not just unleashing prosperity, but showing and arguing that there are no limits to american greatness. no limits, none. now, we will begin in just a moment with house judiciary chair, the great jim jordan, plus steve forbes and john carney will figure out tariffs and the stock market story. and then agriculture secretary brooke rollins waiting in the wings on president trump's promise to make america affordable again. but first on fox news, peter doocy live at the white house. peter, thank you for this. what's cooking? >> reporter: well, larry, some big news over here. we found out that stellantis and ford and general motors used their contacts at the white house to get a carveout from these brand new tariffs. but it is temporary. >> we spoke with the big three auto dealers. we are going to give a one month exemption on any autos coming through usmca. reciprocal tariffs will still go into effect on april 2nd. but at the re

us cheryl casone, fox business anchor and a host of "american dream home" on fox business and larry kudlow fox business. kaley cuoco i want to talk about the democrat reaction and more ontologically reacted, what was laid out for president zelenskyy because the reality is the impact on him and the influence on him and his preparation did not begin with the oval office what we saw on camera. impact as we saw earlier, democrats chris murphy came out and said we had a meeting before hand and posted a photo on x i told him not to accept a peace deal in a mineral deal. your thoughts. >> kayleigh: he met to several lawmakers to your point. one thing is clear, clear, zelenskyy came in with a strategy. it is compounding why your strategy would be bite the hand that feeds you. that sounds harsh but make no mistake, the u.s. has fed zelenskyy in ukraine to the tune of $283 billion. something i think missed by a lot of folks was this, the dispute played out dramatic explosive fashion here on "outnumbered" did not take place until 43 minutes into the meeting. what happen in the preceding 43 minutes? t

by the way, today, larry kudlow will be live in washington hosting kudlow ahead of the joint address.y commerce secretary howard lutnick, attorney general pam bondi, nec director kevin hassett, and house speaker mike johnson. that's 4:00 here on fox business. kudlow. coming up, new jersey's governor murphy, another murphy in the news, rolled out an extensive list of things he thinks should be taxed. some members of his own party say he's sending the wrong message at the wrong time. we'll bring you more on that. president trump's 25% tariffs on mexico and canadian imports are officially in effect. roll it. >> no time left for mexico or canada. the tariffs are all set. vast amounts of fentanyl poured into our country from mexico and as you know, also from china, where it goes to mexico and goes to canada. stuart: what will a long trade war do to our economy? we'll ask economist steven moore. steven is next. ♪ only servicenow connects every corner of your business so people can do all their work on one platform. no more mindless swivel chairing between platforms. or swivel chairing betwe

came on fox business again with larry kudlow and reiterated the idea that maybe president trump is negotiating now with mexico and canada to get that price lower. they did go into effect and they did trigger retaliation, though. >> they absolutely did. the market's up today because the market's telling you that, look, the man that wheat the art of the deal is probably negligence other uniting here and i would adhere -- negotiating here. oil prices have come down a lot. that's a tax break for the american consumer. that's another catalyst for more fire power for the consumer to spend over the course of the year. there's a lot of tail winds you can't ignore. maria: one of president trump's most important policies, adam, is drill, baby, drill. and. >> for good reason. maria: and tapping into america's capacity for energy. now, oil prices are now at a six month low. there are reports that opec plus is moving forward with output increases in april when the reciprocal tariffs kick in, adam. but this right here, crude at 67, 13, president trump wants those numbers much lower. >> much lower. maria: th

i will do special coverage tonight with bret and martha, larry kudlow, brit hume and harold ford junior. a big speech. >> bill: sounds like a parade. there will be surprises. i will tell our viewers there are a number of issues that he will touch on and he will bring individuals who represent those issues and tune in. who knows what we get, dana? >> dana: that's exactly right. it is must-see tv. the speech comes at a pivotal moment for the administration. ukrainian peace talks are hanging in the balance. tariffs in canada and mexico are starting. >> bill: a look at who president trump is inviting. mark fogel. a american prisoner freed from russia. mcnabb who suffered a traumatic brain injury playing volleyball hit in the head by a transgender athlete. >> dana: i remember when we interviewed her and her father and very moving. jd vance previewed the address on hannity. the president will tout his accomplishments and have fun in the process. >> i'm excited about the speech. he will make a lot of good arguments and talk about a lot of the successes we have had in the first 45 days. also go

will be to what he told -- listen to what a he told larry kudlow. >> the president's going to come outay angry that americans are still being killed. now, both the mexicans and canadians were on the phone with me all day today trying to show they'll be better, and the president's listening because you know he's very, very fair and reasonable. i think he's going to work with something out with them. it's not going to be a pause. none of that pause stuff. but i think he's going to figure out you do more, and i'll meet you in the middle some way. and we're going to probably be announcing that tomorrow. stuart: announcing that tomorrow. david bahnsen with me this morning -- meaning today, by the way, of course. this is what the market wants, isn't it, some kind of pullback from the brink of an all-out trade war? >> the market wants that, and i would add american importers want it, economic actors, consumers. it's important we do not go to an all-out trade war. stuart: i'm surprised the market isn't reacting more positively to what lutnick just said. >> we've been getting pulled in all dire

liz: yeah, keep the train going, larry, you wait and see the best larry kudlow. terrific interview with linda mcmahon. so good thank you so much welcome to the "evening edit" we've got news coming in i'm elizabeth macdonald. >> [overlapping speakers] >> the chair now directs the sergeant at arms to restore order. >> [cheers and applause] ♪ liz: the action this hour. top democrats are in panic mode. we've got reports coming in. they're talking to the far left in closed door meetings telling them to knock it off. this , after their worst and wacky week ever. everything from cringey tiktok videos to repeating the same exact boilerplate scripts over and over to attack trump and sinking on the house floor. the biggest d.c. democrat debate are the democrats permanently damaged? president trump is steamrolling along saying get on the trump train to a new golden age. also, look at this. >> this is the ranking appropriations, serving connecticut's third district. it's time to enter your dark academia congress era. liz: okay, you need subtitles and a glossary for that one.

i had a conversation with larry kudlow last night on his show about which, president trump is addressing tariffs. we have to listen to businesses right now, the ceo of target said, we will try to protect the consumer as much as we can coach about prices will go up. best buy ceo came out and said, the majority of our goods come from china and mexico our prices will go up. this is a president who promised he would a tackle affordability crisis. so we have to watch that carefully. a print out that sheet from the green room every day i look at it and consumer confidence has taken 13% hit since day. we need to note that. people will be watching the prices and housing prices have not come down but gone up 13%. newhall medium sales price is all part of the portability crisis did not start and if the administration but the past four years. but this administration will be judged on when and by how much the prices eventually come down. so keep that in mind when we watch the tariffs battle play out. to the market is not necessarily getting hammered and actually pretty even keel in response to uncer

i think kevin is making a point that i think americans can understand even conservatives like larry kudlowan get around increasingly explained as a proxy for security issues. fentanyl is one china is fentanyl but it's a broader concern president trump lead on his first ministration which is china is the military throughout threat thesecurity threat to thd states. jesus joint session of congress in china and out so now% increase in his military spending over two year period that's over 15%. president trump i mention china with respect to tariffs. i think is but look what president trump is doing with the terrace, yes there is economic peace. there is a pushing of canada and mexico. a lot of conservatives concerned about where we doing this for allies? let's focus on the adversaries. on the other hand as it relates to china i see this as the most forward thing president trump is doing to pressure president xi on the security front and i think it's a border. shannon: guy really quickly at we have people like senator kennedy at republican others exhort about the terrors of people cannot sleep

larry: hello, folks. welcome to kudlow, i'm l arry kudlow. so treasury secretary scott bessent talked growth. senator john kennedy will be here, ending social security fraud and help elon musk doge recisions or great friend newt gingrich on trump's golden age, ej antoni and new cabinet member, kelly lefler on the important of trump's tax cuts on small business. but first fox news peter doocy is live at the white house. peter what's cooking. reporter: larry, i just came out of oval office, where president trump talked about a meeting he had today with majority of the cabinet and elon musk. they were just making sure it is a something road forward, he told cabinet secretaries that they need to work with musk. not because he thinks he is doing anything wrong or he is going too fast, he wants them to work together on issues of staffing, the cabinet department to keep staff they want. and let musk know which they don't want so they can continue cost-cutting like that. >> and it was a good meeting about cutting, everyone knows country is way out of

here's a trump economic veteran, larry kudlow, who served in the first term with a warning. >> some very, very. >> smart people are telling. >> me that the. >> jobs number that's. >> coming out, the. >> february jobs number. >> that's coming out. >> friday, could. >> be. >> flat or even negative. >> so this is the baseline reality i mentioned and it is relevant to donald trump may see this as a show because it explains why he's putting certain priorities above your welfare. or he may not care about the short term loss of all of that economic value and the small businesses affected. if he wanted to say on monday he was starting a trade war, even if by thursday he's backing down. but when you look at the broader plans which america and the world are going to live with for however many years we go through here, four years of the trump term, we had a speech to congress that did not actually make proposals on the number one issue. as the washington post reminded everyone, the economy and americans are continuing to pay the higher prices and the price of this kind of choppy, chaotic trade war.

share what we heard earlier from the white house press secretary and former trump economic adviser larry kudlow earlier tonight on fox business. please watch this. >> what's left. >> of the. >> biden economy is slumping so badly. it's just slumping. >> this is the. >> legacy of the biden economy. will we hear i want you to tell. >> me. >> caroline leavitt, i want you. >> to say, larry, we're. >> going to have lots. >> of talk about tax cuts and deregulation and energy production and. economic growth. tell me it's all true. >> it's all true, larry. i can't confirm the president is. >> going to talk about. his economic agenda. >> and truly, this. >> administration is working. >> around the clock. >> to bring down the cost of living for the american people. >> i don't mean to be sassy, greg, but are you flipping kidding me? right? the for months, right? the trump administration has been saying the markets are up because the markets can't wait for donald trump. they know he's going to win now he won. they are revved up because they're done with biden. on what universe can they actually look one ano

you indicated to larry kudlow yesterday that there may be some modification.are hearing there may be some carve outs before the reciprocal tariffs go into effect on april the 2nd, so what can you tell us? >> both the canadians and mexicans used enormous, enormous opportunity to just come flying in with anything they could. mexicans said they would put a thousand more specialists on to get rid of fentanyl. we have to stop americans from dying. 75,000 autopsy deaths. but we know, as the president said, it has to be three times more, imagine if i lost my kid when i really worry about doing an autopsy of why they died, i would be heartbroken and ruined. we've got to stop it. it's an attack on america and it's got to end, so the president said if you do more, i will listen. he has been listening. he spoke today, to justin trudeau this morning and i was on that call, so i think he is leaning towards coming up with an idea that allows usmca, the deal he struck with mexico and canada, about half mexico and canada, about half, maybe those markets for the next month get

then he seeing gary cohn and larry kudlow or the vice president's office, or even, frankly, when mikepeo was secretary of state, who viewed it as positive for international relations, he has surrounded himself this time with a group of advisers who are who are true disciples and believing that protectionism is the right policy, not just economically but from a national security perspective. and so it looks far more whimsical right now. i think he's probably reacting to the markets, but he advertised pretty clearly in his speech of the night that come april 2nd is not just reciprocity tariffs. it's going to be tariffs on aluminum, on steel, on copper against the eu. and so this is really just the tip of the iceberg. and i think that he's not going to want to look weak and continuing to retreat from promises he's made on tariffs to then pull him back. and so i think we're in for a more protracted trade war, regardless of how the news cycle of today goes and whether or not there's relief in canada and mexico, in the short term, he's still signaling that we're going to have more tariffs.

. >> so we are back with our panel, brit hume, dana perino, harold ford jr and larry kudlow. there's also a letter from zelensky, which we'll get to in just a moment. but brit, let's get your thoughts. this was the longest speech he has now. the record holder for the longest speech to a joint session of congress beating bill clinton. >> back in pennsylvania. >> this was the most boisterous, the longest, the most partizan speech i've ever heard a president give in this kind of setting. and i go back about maybe 50 years on this. i also think it may have been the most effective. i mean, if you ever doubted that donald trump is the colossus, the political colossus of our time and our nation this this night and this speech should have put that to rest. the democrats seem to be falling into trap after trap after trap as he as he recognized these people and celebrated people he pointed to in the gallery and their stories, while the democrats sat glumly on their hands. through all of that, it was a terrible look. al green's attempt to disrupt the speech was a bad look for the democr

and larry kudlow of fox business. larry, let me start with you. you know, obviously heading into this speech, tariffs is the big talk of today and what it means for the u.s. economy. we assume as as we're waiting for the first lady to walk in as she does right now, melania trump, what do you think about this moment and that economic issue? >> well, i think there's a lot of talk about modifying the tariffs that were slapped on canada and mexico today. it's a bit confusing. that's what harold told me on our show. you and i talked about it on your show. i don't know if the president will address the tariff thing directly. look, i'm hoping that he has a big sort of unleash prosperity here. his whole program cut taxes, deregulate doge budget cuts, including better trading tactics. i want to see a growthier message from him. i mean, it's going to be very optimistic. it's going to be update, it's going to be very positive. but on the economy, his program has to be presented in at least some general way so that people know where he's headed. he has got to

trump believes in tariffs in his bones, but he was often talked out of him by more free market larry kudlow types in the first administration. now he's not running for reelection. now he's not really worried about the midterms. i think he might actually give these time to see if they take effect and if they do what he thinks, he may not be able to. >> hit pause for a second here. >> a lot of republicans are. >> going to be worried. >> don't worry. >> pause for one second. let's go back to katelyn collins at the white house. is caitlin. i know you just learned who the designated survivor is for tonight. >> yes. and aaron, for those who don't know, of course, the entire line of the presidential succession is inside that chamber tonight. so always on these nights, there is one person who is selected to to hang back in case of a catastrophic event. and i have just been told by a white house official that tonight that person is the veterans affairs secretary, doug collins. of course, someone who has been in that chamber himself as a former member of congress from georgia and has attended many of

larry: hello, folks. welcome to kudlow, i'm l arry kudlow.ident trump delivered a speech, showing and aing aarguing there are no limits to emer american greatness, we begin with house judiciary care, jim jordan, and steve forbes and john carney, we'll figure out tariffs and the stock market story, then agriculture secretary brooke rollins waiting in the wings on trump's promise to make america affordable again. peter doocy is live at white house thank you. what is cooking. reporter: well, larry, some big news, we found out that stolantiis and ford. it is temporary. >> we spoke with the big three auto dealers we'll give a one month exemption on any auto comes through usmca at request of companies associated, the president is giving them an esyan exemption for woone money. reporter: we hear about j adjustment period. from no tariffs to new tariffs. >> it will happen quickly. there will be a little disturbance. but, we're okay with that. it won't be much, no you are not. reporter: the president believes that tariff revenue will help u.s. bring d

larry: thank you, sir. speaker mike johnson is a miracle worker getting all this through, one big beautiful bill going to make it and folks, catch kudlow00 p.m. here on fabulous fox business. posted on tiktok that went from maybe a few hundred people knowing about my product to millions. (♪) we were able to make over $300,000 in less than two days. it saved my business and it saved lives. you want high-performance tools, long-lasting tools, affordable tools. you want harbor freight tools. whatever you do, do it for less at harbor freight. save even more at this weekend's parking lot sale. ♪ only servicenow connects every corner of your business, putting ai to work for people. pfft ... every corner? every corner, nick. ow! so kate in hr ... hey kate. can focus on people, not process. oh actually, i have a question ... keep up, nick. do you have to be sick to take a sick day? patty in it is using ai agents to deal with the small stuff, so she can work on the big stuff. agents like secret agents? secret agents i control. with your mind? you know ... i played a secret agent once. - we know. - oh gosh ... i liked it. over here, ai gives tin