Ron Johnson Warns ‘Businesses Will Be Put Out of Business’ If Tariff Situation Drags On
By Zachary Leeman,
23 days ago
Sen. Ron Johnson (R-WI) admitted businesses could be throwing up closing soon signs due to tariffs, though the senator called President Donald Trump’s economic policy “reasonably high-risk strategy.”
In a Wednesday appearance on the Fox Business Network, Johnson called for a “budget review panel” to find federal government cuts similar to what DOGE (Department of Government Efficiency) has been doing under Trump.
“The root cause of our problems literally is the size, scope, and cost of government. We need to reduce that,” he said.
Johnson also revealed he’s heard from business leaders in Wisconsin concerned about the period of time Trump’s tariffs will remain in place. The president introduced widespread tariffs to renegotiate trade deals and up American manufacturing. Uncertainty around those trade deals and current tariffs have led to some hefty hits on the markets.
“I’m hearing an awful lot from manufacturers in Wisconsin. If this thing drags on, if tariffs remain high, their businesses will be put out of business,” Johnson said.
Sen. Rand Paul (R-KY) pushed forward legislation on Wednesday that would have ended the national emergency Trump declared to put forth his broad tariffs. In a 49-49 vote, all but three Republicans opposed the measure, which would have ensured congressional oversight to future tariffs.
“If Americans are to live under this emergency rule, it will not be because the president sought too much power,” Paul told his fellow Republicans. “It will be because Congress let it happen.”
Sens. Susan Collins (R-ME) and Lisa Murkowski (R-AK) voted along with Paul.
Johnson warned that if Trump’s trade war continues, he could be risking trillions of dollars he’s announced in new investments in American business.
“If this trade war continues, if the uncertainty and instability continues, that investment’s going to fall off the cliff. That’s be very bad for America,” he said. “Again, this is a very bold, but I think it’s a reaosnably high risk strategy.”
Watch above via Fox Business.
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