'My God, It's A Stability Issue': GOP Senators Share Blunt Reactions To Trump Tariffs

2 days ago

Republican Senators discuss President Trump's tariff actions.

Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:

https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript

Stay Connected
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com

Transcript

00:01It's less about the constituents now at the individual level. That'll come.

00:05It's more about the businesses and the cost of inputs.

00:08How bad is it?

00:09You know, it's only beginning to trickle in now.

00:12If you think about when the tariffs were implemented,

00:13you won't see these costs for another week or two as things come on shore.

00:17Of course it concerns me. I mean, my God, it's a stability issue.

00:22You know, businesses hate uncertainty. We've got a lot of uncertainty.

00:24I just hope I'll be asking a question today about who's on point.

00:28You know, in business, you always come up with decisions.

00:31You create one throat to choke.

00:32I'm just trying to figure out who I should compliment or who I should hold accountable.

00:38I think Congress should play a meaningful role when it comes to developing revenue measures,

00:44whether it's taxes or tariffs.

00:47I think the president needs broad discretion to be able to enforce whatever Congress develops and implements.

00:54And so I actually have been working with the administration to give them more tools to implement existing tariff laws.

01:01Well, I think everybody that I've talked to understands the principle of reciprocity.

01:10We want to be treated the same way we treat other countries when it comes to international trade.

01:15Unfortunately, that hasn't been the case for many years.

01:18For example, Texas cattle raisers can't sell a pound of ground beef in Australia,

01:26whereas Australia exports tens of billions of dollars of beef here to the United States.

01:33And that's just one example.

01:34But obviously the questions we're going to have for the trade representative here are, you know, what's the ultimate goal here?

01:41And if the goal is zero tariffs and truly free trade, I think that's a huge win for a president.

01:49But higher prices, are your constituents willing to stomach that?

01:52Well, I think anytime you're going to have a change in the status quo,

01:55there's going to be some disruption by definition.

02:00But I think how this story ends is the most important thing.

02:04And hopefully it ends quickly.

'My God, It's A Stability Issue': GOP Senators Share Blunt Reactions To Trump Tariffs

Category

Transcript

Recommended