House Speaker Mike Johnson said President Donald Trump’s tariffs will result in a more “equalized” trade disparity and ultimately will be concentrated on a “handful of countries…that have been most abusive of our trade agreements.”
During an interview Wednesday at an Axios’ News Shapers event in Washington, D.C., the Louisiana Republican was asked how uncertainty of tariff rates can be justified after he agreed it’s important to have certainty surrounding tax rates for Americans.
“Well, we’re trying to do it for both,” he told Axios political reporter Hans Nichol. “The tariff policy, you know…there’s different viewpoints on this…but you can’t argue with the fact that it has been very effective shaking things up. By some measurements, we have more than a hundred countries now coming forward to renegotiate trade agreements with America, and that’s good for Americans, that’s good for consumers. It’s good for our stability because…the disparity in our trade will be more equalized. And I think that’s an important principle.
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