Sen. Ron Johnson expressed concerns regarding President Trump's tariff strategy during a recent NewsNation interview. He emphasized that businesses require certainty and stability, questioning the ultimate goal of the tariffs. Trump had just announced a temporary pause on higher tariffs for certain countries while maintaining a 10% baseline tariff for most. Johnson, a proponent of free trade, noted that recent tariff changes have led to significant market volatility, fueling anxiety among economists about the administration's direction in trade policy.
"One thing I learned in the private sector is unpredictability can work pretty well in the negotiation, but businesses want certainty. They want stability. They don't like to see volatility."
"I've just been questioning exactly what's the endgame here? What's the strategy?"
"I think trade is good. You obtain goods from people that have a comparative advantage."
"The rapid tariff rate changes have led to volatility in the stock and bond markets, concerning many economists about the administration's trade strategy."
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