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Home » Transcript: Lawrence Jones Interviews JD Vance on ‘Fox & Friends’

Transcript: Lawrence Jones Interviews JD Vance on ‘Fox & Friends’

Read the full transcript of Fox News’ Lawrence Jones in conversation with the Vice President JD Vance on ‘Fox & Friends’ on Trump administration’s ‘Liberation Day’ tariffs, April 3, 2025.  

The Interview Begins

LAWRENCE JONES: All right, thanks, family. Let’s bring in the vice president and Vice President, JD Vance. Thanks so much for joining FOX and Friends this morning.

JD VANCE: Good morning. Great to be with you.

LAWRENCE JONES: So the last time we had a one on one was in your house. You weren’t vice president. You were auditioning. You were the only candidate that said if you didn’t get selected, you would be disappointed. Well, you got accepted. So congratulations, Mr. Vice President.

JD VANCE: Thank you.

Trump’s Tariff Policy

LAWRENCE JONES: Let’s talk about some of the issues that matter to the American people. The president’s new tariff policy. And when I think about what he got elected on is bring the cost down for people but also bring manufacturing back to the country.

JD VANCE: That’s right.

LAWRENCE JONES: These are going to kind of hit each other. Right. Explain to us how you get manufacturing here but also get the cost down for the American people.

JD VANCE: Well, if you go back a little bit, Lawrence, remember during the first Trump administration, everybody said that Trump’s tariffs were going to be inflationary. Back then, what actually happened, we had 1.5% inflation. We had the fastest growing economy in a generation, and we had the beginning of a manufacturing renaissance in the United States of America.

Then, of course, we had four terrible years of the Biden administration. But I think it’s useful for all of us to step back and ask ourselves, what has the globalist economy gotten the United States of America? And the answer is, fundamentally, it’s based on two principles.