Sen. Ron Johnson of Wisconsin acknowledged the detrimental impact of President Trump's tariffs on businesses, admitting that some are considering closing down. He described Trump's economic strategy as a reasonably high-risk approach that requires evaluating government spending cuts. Business leaders in Wisconsin are particularly concerned about the uncertainty surrounding trade deals and high tariffs. Johnson emphasized that if this situation persists, it could negatively affect substantial new investments in American enterprises. Additionally, Sen. Rand Paul proposed legislation to end Trump's national emergency declaration that enabled these tariffs, highlighting the need for congressional oversight.
Sen. Ron Johnson expressed concerns that President Trump's tariffs may lead to business closures, advocating for government cuts to alleviate economic burdens.
Johnson highlighted significant uncertainty regarding Trump's tariffs, indicating that prolonged high tariffs could jeopardize investments in American businesses.
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