Nashville Standard

United States Senator Bill Hagerty recently appeared on CNBC to discuss President Donald Trump's first day in office. As a member of the Senate Appropriations, Banking, and Foreign Relations Committees and a former U.S. Ambassador to Japan, Hagerty shared his insights on the new administration's policies and priorities.

Hagerty emphasized the urgency of Trump's initial actions, stating, "I think speed and urgency may even be an understatement." He highlighted pre-inauguration achievements such as a ceasefire agreement in Israel and commitments from CEOs for capital investment in America. According to Hagerty, these developments have already led to upward adjustments in GDP growth projections for 2025.

On immigration and border security, Hagerty noted that executive orders addressing pressing issues are expected soon. "President Trump has made a commitment to re-secure our nation," he said, focusing on the southern border and empowering Immigration and Customs Enforcement.

Energy policy is another area where Hagerty anticipates significant changes. He expects efforts to revive the energy industry will benefit national security and help reduce inflation. Additionally, deregulation is likely to be a priority as the administration seeks to address what Hagerty described as "a $1.4 trillion burden" from previous regulations.

Discussing trade relations with allies, Hagerty mentioned historical context dating back to World War II when favorable trade terms were established. He argued for changes towards more reciprocal relationships: "President Trump wants to see that addressed." Recent cooperation with Canada was cited as an example of positive progress in this direction.

Regarding Trump's cabinet nominees, Hagerty expressed optimism about bipartisan support for confirmations: "President Trump definitely has opened the tent." He specifically mentioned plans to move Senator Marco Rubio out of the Foreign Relations Committee into the Secretary of State position, hoping for consent from both parties.

Hagerty conveyed confidence that these appointments would strengthen national security by providing Trump with necessary team members.