Ron Johnson Warns 'Businesses Will Be Put Out of Business' If Tariff Situation Drags On [View all]

Source: MEDIAite

May 1st, 2025, 9:15 am


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.

Read more: https://www.mediaite.com/tv/ron-johnson-warns-businesses-will-be-put-out-of-business-if-tariff-situation-drags-on/