Pro-Trump Sen. Ron Johnson Makes Stark Admission About Tariffs | EUROtoday

Sen. Ron Johnson (R-Wis.) seems simply as baffled by President Donald Trump’s steep worldwide tariffs as his Democratic colleagues and markets around the globe, admitting Wednesday on Capitol Hill that he doesn’t perceive the “total strategy” behind them.

“I still don’t know exactly what his total strategy is,” Johnson advised CNN’s Manu Raju.

Trump dubbed April 2 “Liberation Day” and introduced a sweeping 10% baseline tariff on nearly all imports to the U.S., with levies on dozens of nations set even greater. The aggressive coverage upended markets around the globe — and sparked fears of a world recession.

“We know what his goal was,” Johnson argued Wednesday. “He wants reciprocity.”

Trump and quite a few officers in his administration had maintained since April 2 that there could be no pause on the tariffs, just for Trump to announce Wednesday that levies on all affected international locations could be scaled again to 10% for 90 days — besides China, which he hit with a 125% tariff.

Johnson stated Wednesday that he’s “relieved like the markets are relieved,” referring to the historic market good points following Trump’s short-term reversal. The GOP senator wagered that “at some point in time” the financial system “will stabilize,” solely to reiterate his preliminary concern.

“Again, I don’t know what the endgame is here yet,” he advised CNN.

Trump misleadingly described the tariffs final week as “reciprocal.” One economist was notably surprised after realizing his analysis as a former U.S. Treasury official was utilized by the administration to reach on the greater charges — after being completely misinterpreted.

Johnson stated final week on Fox Business that the tariffs had been creating tangible concern.

“I’m getting all kinds of reaction from businesses, farmers in Wisconsin that are highly concerned about what’s happening,” he stated, including: “All I can really do is kinda report the reality to the administration, let them know how these actions are impacting my constituents.”