Yahoo Finance

Elon Musk will be a great cutter of government fat: Wilbur Ross

President-elect Donald Trump hasn’t hidden his appetite to unleash new tariffs on China and possibly Europe right out of the box upon getting back into the White House. The point person for executing those tariffs is likely to be Cantor Fitzgerald CEO Howard Lutnick, who Trump has selected as Commerce Secretary. While stocks continue to new highs despite the tariff threats, most experts agree tariffs could hurt the economy and increase inflation. It’s a risk that shouldn’t be overlooked. Yahoo Finance Executive Editor Brian Sozzi goes one-on-one with businessman and former Commerce Secretary Wilbur Ross. Ross was the Commerce Secretary in the first Trump term and helped implement his tariffs on China. Will the president go hardcore on tariffs as he has promised? Or is it a negotiating tactic? Ross takes investors inside the mind of the President-elect as the US nears Inauguration Day and potentially, more restrictive trade. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website.