5 months ago
13
(NewsNation) — President Donald Trump's reciprocal tariffs volition beryllium a "bold and risky" move, Sen. Ron Johnson said Thursday connected "NewsNation Now."
"Tariffs are a double-edged sword," Johnson said. "But this is thing helium fervently believes successful and has felt this mode for a agelong time."
On Wednesday, which the president has called "Liberation Day," Trump enactment tariffs connected a ample fig of overseas nations. A bulk of those person been acceptable astatine fractional the tariffs those countries person enactment connected goods from the U.S. A 10% baseline was placed connected each countries wherever reciprocal tariffs were not specified.
Trump has promised that tariffs volition bring astir "the aureate property of America," but economists person warned that a recession could happen.
Some lawmakers judge the tariffs person gone excessively far. On Wednesday, Republican Senators Rand Paul and Mitch McConnell of Kentucky, Susan Collins of Maine and Lisa Murkowski of Alaska voted with Democrats to undo Trump's 25% tariffs connected Canadian imports.
Johnson said helium voted against undoing the tariffs and accused Democrats of trying to harm Trump.
"I privation to spot the president succeed," Johnson said.
Johnson said since the announcement, helium has heard astir commitments to trillion-dollar investments successful the U.S. and countries dropping their tariffs, which helium said Trump and his advisers spot arsenic benefits contempt immoderate short-term impacts.
"I anticipation they're right," Johnson said.
