Sen. Rand Paul, R-Ky., said Sunday that imposing more U.S. tariffs against China is a bad idea, and he has warned President Donald Trump‘s administration about the problem.
Paul, a leading libertarian-conservative, said the tariffs, which were increased by Trump last week as part of his pressure campaign against China in trade negotiations, may in effect nullify benefits U.S. companies have received from the administration’s recent tax cuts.
Paul told ABC, “I know of a big, prominent company in Kentucky that said the tax cuts significantly helped them, but that the tariffs are almost equal in punishing them. I’ve talked to the administration about this. I said great benefits of the tax cuts, which… [generated] low unemployment and incredible economic growth, could be erased by this tariff war.”
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