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April 4, 2025

Time To Make The Patient Better: Vice President JD Vance Says Big Transition Coming To American Economic Policy And 'Americans Will 'Reap The Benefits'

By Hailey Gomez (DCNF) - All News Pipeline

Vice President JD Vance said Thursday on Newsmax that he believes Americans will reap the benefits of the economy as the Trump administration makes a big transition on tariffs.

The Dow Jones Industrial Averagedropped1,679.39 points on Thursday, just a day after President Donald Trump announcedreciprocal tariffsagainst nations charging imports from the U.S. On Rob Schmitt Tonight, Schmitt asked Vance about the stock market hit, asking how the White House felt about the Liberation Day move.

Were feeling good. Look, I frankly thought in some ways it could be worse in the markets, because this is a big transition. You saw what the President said earlier today. Its like a patient who was very sick, Vance said. We did the operation, and now its time to make the patient better. Thats exactly what were doing. We have to remember that for 40 years, weve been doing this for 40 years.

American economic policy has rewarded people who ship jobs overseas. Its taxed our workers. Its made our supply chains more brittle, and its made our country less prosperous, less free and less secure, Vance added.

Vance recalled that one of his children had been sick and needed antibiotics that were not made in the United States. The Vice President called it a ridiculous thing that some medicines invented in the country are no longer manufactured domestically.

(RELATED: Republican, Democrat Senator Team Up To Take Control Of Trumps Tariff Policy)

Thats fundamentally what this is about. The national security of manufacturing and making the things that we need, from steel to pharmaceuticals, antibiotics, and so forth, but also the good jobs that come along when you have economic policies that reward investing in America, rather than investing in foreign countries, Vance said.

With a baseline 10% tariffplacedon an estimated 60 countries, higher tariffs were applied to nations like China and Israel. For example, China, which has a 67% tariff on U.S. goods, will now face a 34%tarifffrom the U.S., while Israel, which has a 33% tariff, will face a 17% U.S. tariff.

One bad day in the stock market, compared to what President Trump said earlier today, and I think hes right about this. Were going to have a booming stock market for a long time because were reinvesting in the United States of America. More importantly than that, of course, the people in Wall Street have done well, Vance said.

We want them to do well. But we care the most about American workers and about American small businesses, and theyre the ones who are really going to benefit from these policies, Vance said.

The number of factories in the U.S., Vance said, has declined, adding that millions of workers have lost their jobs.

My town [Middletown, Ohio], where you had 10,000 great American steel workers, and my town was one of the lucky ones, now probably has 1,500 steel workers in that factory because you had economic policies that rewarded shipping our jobs to China instead of investing in American workers, Vance said. President Trump ran on changing it. He promised he would change it, and now he has. I think Americans are going to reap the benefits.

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