Impact of Trump tariffs on manufacturers
Sen. Ron Johnson discusses the impact of Trump tariffs on manufacturers and the need for exemptions to ensure businesses can survive.
Key Points
- Imported products no longer made in the U.S. face challenges under Trump tariffs
- Onshoring products will take time
- Need for exemptions to support businesses
Pros
- Potential for bringing back manufacturing jobs to the U.S.
- Protecting American industries from foreign competition
Cons
- Short-term pain for manufacturers and businesses
- Difficulty in designing fair subsidies