Senator Mike Crapo talks about President’s Trumps tariffs and the effects they are having on the markets and trading partners. Tariffs also affect pharmaceuticals, as the Unites States gets most of its pharmaceuticals from other countries. Crapo says that he understands Trumps objective in restructuring tariff policy and is hopeful about its effectiveness, but wants the negotiations get moving to mitigate the risk of retaliation. He discusses the development of the prior system of asymmetrical tariffs.
Senator Crapo also talks about how Congress aims to reduce spending and reforming the tax code for greater tax relief.