GOP Sen. Ron Johnson: Tariffs Led To Great Depression, “They Hurt American Companies, Consumers” [VIDEO]

“It’s gonna hurt Americans, American companies, American exporters. It will hurt American consumers long term. Sometimes you can use trade to try to get your trading partners to do something they ordinarily wouldn’t do or sometimes to raise revenue.

“But in general, tariffs are a tax. When you have something, you get less of it. So you probably get fewer imports, but then you get retaliation for your exports.

“Smoot-Hawley was not particularly successful around tariffs back when it helped spark the Depression. So I share the market’s concerns. But we’ll see what Trump really has in mind here.

“I know he used that very effectively when ‘Remain in Mexico’ wasn’t working until Mexico started cooperating under the threat of tariffs. So, again, I can’t predict exactly how this comes out, but I’m concerned.” – GOP Sen. Ron Johnson, speaking to Newsmax.

On ‘Wake Up America’, Sen. Ron Johnson discusses Trump’s nominees, and their willingness to fight for key issues. He also analyzes their potential roles and qualifications within the administration. @Glasgow_Jon @SharlaMcBride pic.twitter.com/axjeQfkFxL

— NEWSMAX (@NEWSMAX) February 3, 2025