Here’s what one Republican had to confess.
Rep. Warren Davidson (R-Ohio) recently discussed President Trump’s proposed tariffs and acknowledged the potential for rising prices for consumers, though he expressed support for Trump’s approach to improving the U.S. economy. Appearing on “CNN News Central,” Davidson explained that while he couldn’t promise tariffs wouldn’t lead to higher costs, he felt it was important to try new strategies in addressing the economic challenges posed by countries like China, Mexico, and Canada.
Davidson, who serves on the House Financial Services Committee, was asked by host Brianna Keilar whether U.S. voters in Ohio could expect tariffs to result in price hikes. His response was measured, stating, “I can’t guarantee that,” while emphasizing that the goal wasn’t to burden consumers. He added, “The policies we’re trying have a better chance to work than the previous approach of ignoring China’s unfair trade practices and continuing business as usual.”
The Trump administration’s tariffs are part of a broader effort to address trade imbalances, including a decision to impose a 25 percent tariff on imported steel and aluminum. The president has also proposed reciprocal tariffs on countries that tax U.S. goods, reinforcing his commitment to protecting American industries. While some Republican leaders have expressed concerns, like Senate Majority Leader Mitch McConnell (R-Ky.), who voiced “lingering concerns” over potential disruptions to U.S. industries, others are backing Trump’s trade policies.
Despite the potential for short-term price increases, President Trump has argued that the long-term benefits will far outweigh the costs. “Jobs will go up, and prices could go up somewhat in the short term, but in the long term, this is going to make our country a fortune,” he said.
Critics, including the National Retail Federation and former Treasury Secretary Larry Summers, have warned of potential disruptions to supply chains and consumer purchasing power. However, Republicans like Davidson remain hopeful that this new approach will address long-standing trade issues and ultimately benefit American workers and businesses.