steve mnuchin, smart tariffs, you heard him today. he probably went a little further than people might have thought, although some say it was ambiguous. i'm not sure all things have been filled in. he believes in reciprocity. so do you. so do i. he's tougher on trade though. how do you read this smart tariff business? >> larry, i was sitting next to ambassador lighthizer at lunch and the team was you and me and bob working very closely with the president and it worked. president trump was the first president to basically say what we're doing isn't working. kind of we open up to china, they close to us, and there's no question. i remember the first time we went over to china and sat down in a big negotiation. we weren't getting anywhere. we came back. the president said call them up, tell them we're going to put on big tariffs and he's right. now all of a sudden they negotiated and ambassador lighthizer i loved his strategy. he basically said we're going to start with tariffs on things that are critical technology, so that that's in th

steve mnuchin, smart tariffs, you heard him.ably went further than people might have thought, that was am am big use, he believes in reciprocity. he is tougher on trade, how did you read this smart tariff business? >> i was sitting next to ambassador lighthizer at lunch. larry: who was cheering. >> you know, team was you and me and bob. working closely with the president had. and it worked. president trump was first president to basically say what we're doing is not working, we open to china, they close to us. and there is no question, i remember first time we went to china and sat down in a big negotiation, we were not getting anywhere we came back president said, call them up tell them we're putting on big tariffs, he is right, they then negotiated and ambassador lighthizer, he said, we'll start with tariffs on things that are critical technology, so that is in the u.s. we then went on to use more tariffs to get them to negotiating table, we got the phase one trade deal done, in is stil still more work to do, i agree with pres

he had gary cohn, you know, former goldman sachs, he had steve mnuchin, longtime wall street -- liz: liz: he was a huge movie producer. yeah -- >> yeah, but he made his bones on wall street. you wouldn't put mnuchin in there with, like, bob iger or manager like that. be that as it may, he had very establishment people in various roles. i don't know if that's what's going to happen this time. j.d. vance is very populist. his treasury secretary could be, i don't know, john paulson, you know? again, not exactly -- i mean, he's a hedge fund guy, but he's a populist republican. i mean, he's talking about, you know, tariffs. john paulson, i think he was on your air and -- liz: yeah. >> the need to use tariffs as a weapon in trade negotiation. so what a we're talking about here is a much more populist gop that a big business is not going to be able to sway this time around. they're going to cut back on immigration which big business loves immigration because they think it increases productivity and pulls inflation down. i mean, go issue by issue. so you've seen a degree of panic, i think, a

former treasury secretary steve mnuchin. former sec chairman j clayton. ambassador woody johnson. senior advisor stephen miller. my friends and respected business leaders, john paulson, jamie dimon, steve schwartzman. jeff scranton. richard curtis. former head of the world bank, david malpass. and presidential transition team being inundated with calls and requests. thank you. as to after today, an economic disaster on our hands. monopoly and prices. a failing nation in syria under my former open opponent joe biden. and my new opponent kamala harris, 1.3 million workers, i don't know if anybody knows is that the typical american family, $28,000 due to rampant and record-setting inflation, credit card debt reach to the highest in history with them reporting they are maxed out their credit cards, maxed out. families now need turn an estimated 110,000 a year to afford a typical home meaning 65% of households are locked out of buying an ordinary house. gasoline prices, grocery prices. electricity prices. mortgage rates and virtually everything else are up. 30% to 100% since i left offi

wilbur ross, steve mnuchin. former sec chairman, james clayton. [indiscernible] johnson. senior advisor, stephen miller. my friends and respected business leaders, all. john paulson, jamie dimon, steven witkoff, steve schwarzman , scott bessette, jeff straka, richard kurtz, former head of the world bank david now pats, and the two cochairs of a presidential transition team being inundated with phone calls and requests, linda mcmahon and howard let nick. thank you very much. as we gather today, we have an economic disaster on our hands. we have an economy in crisis. the failing nation. a nation in serious decline under the radical policies of my former opponent, joe biden. and my new opponent, kamala harris. one point 3 million workers have become unemployed in the past 12 months. i don't know if anybody knows that. the typical american family has lost over 28,000 dollars due to rampant and record-setting inflation. credit card debt has reached the highest in history, with more than one in three americans reporting they have maxed out their credit cards. they maxed out. fam

although steve mnuchin, the former treasury secretary, was there throughout trump's term.ot of cabinet members. so if kamala harris gets elected and she asks, there is a good chance that jamie dimon would go. now, western point out that, you know, the -- we should point out that the people inside the harris campaign are considering dimon for a post, treasury secretary. so his name is up. but, you know, she first has to get elected. one other potential impediment, liz, and this is key, is that the democratic party has sort of vetoed, there's a veto on -- or a put, i guess you could say, on cabinet choices by none if other than kamala harris. excuse me, definitely kamala harris, but none other than elizabeth warren. and she's the far-left senator, indiana-banker. she's the reason why -- anti-banker. she's the reason why there's a lot of far lefties in the current biden administration. she made as good as dimon is at his job, and we all know he is good, you know, runs a very profitable bank, pretty scandal-free, america's banker, he's no friend of elizabeth warren's, and she

i am wondering is does he want a strong dollar or does he want a weak dollar, because in 2017, steve mnuchinally told a bunch of financiers that he was thinking about maybe lowering the value of the u.s. dollar. >> hold on, brendan, do you actually believe that donald trump knows the difference between what a strong dollar and a weak dollar even means? i am being dead serious, i know he likes the idea, we are going to have a strong dollar because it sounds strong, but let's actually talk monetary policy. do you think he could get into it, honestly? >> i don't know about strong dollar, weak dollar. i have been shocked over the last eight years, anybody who deals in as much debt as donald trump does privately understands what drives the price of debt. i do think the incoherence we have about the strong dollar and the weak dollar, somebody is going to have to solve it. it is super awesome that when wealthy americans go on vacation abroad, they can buy things cheaply, but is really bad for american manufacturing. but this thing he is proposing, that ain't it. >> you know what, that ain't it is h

ambassador robert five eyes, referring person former secretary wilbur was former treasury secretary steve mnuchin chairman jay clayton ambassador woody johnson senior adviser stephen miller my friends and respected business leaders all john paulson, jamie dimon steve witkoff steve schwarzman, scott passant jeff sprecher richard kurtz former head of the world bank, david malpass and the two co-chairs of my presidential transition team that are being inundated with phone calls and requests linda mcmahon and howard lutnick. >> thank you thank you very much as we gather today, we have an eco an economic disaster on our hands we have an economy in crisis a failing nation, a nation in serious decline under the radical policies of my former opponent, joe biden and my new opponent kamala harris 1.3 million workers have become unemployed in the past 12 months. >> i don't know if anybody knows that the typical american family has lost over $28,000 due to rampant and record setting inflation credit card debt has reached the highest in history with more than one in three americans reporting they have maxed o

donal donald trump's own treasury secretary, steve mnuchin, called salt a subsidy for states like new york. even though, for decades, new york paid tens of billions more in taxes than we received from the federal government. and to this day, salt caps remain in place because extreme republicans have blocked any attempt to fix this defective policy. i've been a loud proponent of eliminating the salt cap from the start. as long as i am leader, i'll do everything in my power so that when these caps expire at the end of next year they will not come back. double-taxing hardworking owners on long island and hudson eventually and new york, and other states, largely blue states, is plainly unfair and could not have come up at a worse time than the last few years with so much chaos caused by covid and the economic turmoil it unleashed. for families frustrated by the salt cap, so many on long island, firefighters, police officers, construction workers who make good salaries, they've got donald trump and congressional republicans to thank for their pain. now, on the shutdown, we have less than t