• 2 days ago
Republican lawmakers discuss President Trump's tariffs.

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
00:00Anyone who says there may be a little bit of pain before we get things right need to
00:06talk about farmers who are one crop away from bankruptcy.
00:09They don't have time.
00:11So we've got to be crisp on this implementation, otherwise we can do damage that's irreparable
00:16to farmers.
00:17The President has admitted tariffs will create pain for some businesses, and I think Wisconsin
00:21will be particularly hard hit with all the manufacturing and agricultural interests.
00:25He's used tariffs in the past effectively to get nations to do what they should have
00:29done anyway.
00:30Right now, I'll give him the benefit of the doubt, but I'm concerned.
00:32We've already heard from some of our beef processors and popcorn exporters that they're
00:38losing some market share in Europe, so it is concerning.
00:41And I'm all for fair trade, reciprocal tariffs, but I think in the end a trade war doesn't
00:46help anybody.

Recommended