Some Republican members of Congress are warning that the trade war with China could end badly — but they pale in number to their colleagues, who say they envision an outcome where the Trump administration’s tariffs result in lucrative deals for the U.S.
On Thursday, the outsize effects that the tariffs on China could have on American consumers were sinking in and sent the stock market dropping. But in Congress, the mood was decidedly different as Republican members told NOTUS prior to leaving for a two-week recess that the threat of even more trade tension with China isn’t going to shatter their joy.
“We’re gonna win,” Rep. Burgess Owens told NOTUS about the trade war. “[Prices] might temporarily go up. But just keep in mind, we have trillions of dollars coming back to our country from manufacturers who’ve been working in China to this point. So they’re gonna be hurt over the long term because countries are coming to America instead of China.”