JD Vance: U.S. To Make ‘Billions, Trillions Of Dollars Over 10 Years In Tariffs’

At a cabinet meeting in the White House on Tuesday, Vice President JD Vance discussed projected results from President Trump’s tariff policies.

Transcript

00:00Mr. VP, would you like to say something?

00:03Yes, sir. I'll be brief, but I want to congratulate you and the entire team on all the things that have been accomplished.

00:08You'll hear about a lot of it. You've already heard some of it.

00:10But I thought it would be helpful, Mr. President, just to take stock not just of what we've accomplished,

00:14what we will accomplish, but of the mess that we inherited because I think it makes this first Labor Day a bigger and more special occasion.

00:22You heard, I think, Christy talk about this, that all of the net job growth under the Biden administration had gone to the foreign-born.

00:28Now that net job growth is going to American citizens who deserve opportunity in their own country.

00:33That's a great accomplishment.

00:35You'll hear, I'm sure, Scott talk about the success with tariffs.

00:38People forget that we inherited the largest peacetime deficit in the history of the United States of America.

00:45And now, because the President is not letting foreign countries take advantage of us,

00:49we're collecting hundreds of billions of dollars, trillions of dollars over 10 years in tariffs from countries and companies

00:55that were formerly taking advantage of the American people.

00:58You heard Pam talk about the public safety and the success that we've had there.

01:02I happen to believe that maybe the most sacred thing that we can deliver to American workers

01:06is the ability to live safely and comfortably in their own neighborhoods.

01:10Public safety is not just something that should belong to the wealthy.

01:13It should belong to every working man and woman in the United States of America.

01:17And because of the work of this administration, that is happening.

01:19And, of course, Mr. President, you yourself talked about the inflation mess that we inherited

01:23under the Biden administration.

01:25Maybe the most striking and even shocking statistic of the Biden administration

01:29is that housing costs have gone up by 100 percent over the four years of the Biden administration,

01:34literally doubled, making the American dream of homeownership unaffordable.

01:38We've made great strides and great progress already.

01:41But to the American people who are listening, there's a lot more to do.

01:45We're going to keep on working hard at it, but it's an honor to do this job

01:47under the President's leadership and with this very great team that you've assembled.

01:51So we've done a lot, but there's a lot more work to do, and we're very cognizant of it.

01:54Thank you, sir.