President Trump’s reciprocal tariffs might be a “daring and dangerous” transfer, Sen. Ron Johnson (R-Wis.) mentioned Thursday, a day after the president announced the brand new tariffs.
“Tariffs are a double-edged sword,” Johnson advised “NewsNation Now.”
“However that is one thing he fervently believes in and has felt this manner for a very long time,” he added.
On Wednesday, which the president has referred to as “Liberation Day,” Trump outlined his latest tariff agenda, hitting numerous overseas nations. A majority of these have been set at half the taxes these nations have placed on items coming from the U.S.
A 10 percent baseline was positioned on all nations the place reciprocal tariffs weren’t specified.
Trump has promised the tariffs will result in “the golden age of America,” however economists have warned {that a} recession may occur.
Some lawmakers consider the tariffs have gone too far. On Wednesday, Sens. Rand Paul (R-Ky.) and Mitch McConnell (R-Ky.), Susan Collins (R-Maine) and Lisa Murkowski (R-Alaska), voted with Democrats to undo Trump’s 25 % tariffs on Canadian imports.
Johnson mentioned he voted in opposition to undoing the tariffs and accused Democrats of attempting to break Trump.
“I need to see the president succeed,” Johnson mentioned.
The Wisconsin Republican mentioned for the reason that announcement, he has heard about commitments to trillion-dollar investments within the U.S. and nations dropping their tariffs, which he mentioned Trump and his advisers see as advantages regardless of some short-term impacts.
“I hope they’re proper,” the senator added.
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