Vice President JD Vance asked for patience from the public as the Trump administration continues its plans it claims will lower prices, including deregulation and tariffs.
The vice president joined Fox News’s Fox and Friends Thursday morning, a day after President Donald Trump announced his slate of reciprocal tariffs at the White House. When asked about the cost of living, Vance said the administration was “fighting very hard to bring prices down” but also warned that their solutions will not “fix things overnight.”
“What I’d ask folks to appreciate here is that we’re not going to fix things overnight. Joe Biden left us…with the largest peacetime debt and deficit in the history of the United States of America, with sky-high interest rates. You don’t fix that stuff overnight,” Vance said on Fox News.
“We know people are struggling. We’re fighting as quickly as we can to fix what was left to us, but it’s not going to happen immediately. But we really do believe that if we pursue the right deregulation, we pursue those energy cost-reducing policies, yes, people are going to see it and their pocketbook,” Vance added. “They’re also going to benefit from the fact that foreign countries can’t take advantage of us anymore.”
Vance also argued that Trump’s tariffs are part of how the administration is “taking this economy in a different direction” from former President Joe Biden.
“Yes, this is a big change. I’m not going to shy away from it, but we needed a big change,” Vance said. “We cannot keep going down the Joe Biden globalist pathway where we have $2 trillion of peacetime debt, debt, and deficits. We have manufacturing disappearing. That is not working for Americans. We’ve got to take this country in a different direction.”
WORLD LEADERS HOLD OFF ON RETALIATORY TARIFFS AS BESSENT URGES PATIENCE
Trump unveiled a wide array of tariffs on countries around the world, implementing a baseline 10% tariff but higher rates for various other countries that have higher tariff rates on U.S. products. The president said the 10% rate will go into effect on April 5 at 12:01 a.m. while the higher rates will go into effect on April 9 at 12:01 a.m.
The tariffs have garnered a negative reception on Wall Street, with stocks across the board dropping at the beginning of the trading day Thursday.