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Mike Crapo: “The US Has a trade surplus with Brazil.”

Featuring: Mike Crapo, Republican | U.S. Senate Idaho

Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline

Published July 31, 2025 | Video Starts at 12:22

So this is a big hit to their business. And they can't be sure how this is going to impact their sales. And we should be clear, The US Has a trade surplus with Brazil. This threat is just because the president wants Brazil's independent judiciary to stop the prosecution of Brazil's former president. How is any business supposed to plan for that kind of rationale and for those kinds of swings? (12:22–12:26)

CLAIM

Asserts that the US has a trade surplus with Brazil.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Mike Crapo

“Those tariffs are expected to add about $2,400 in costs for the average household per year.”
Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline | Uploaded July 31, 2025 | 04:02-04:09
“These tariffs could add more than $10,000 to the cost of a home.”
Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline | Uploaded July 31, 2025 | 07:33-07:39
“Coffee prices hit a record high earlier this year, and now President Trump wants to put a 50% tariff on Brazil, our largest source of…”
Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline | Uploaded July 31, 2025 | 07:39-07:50
“For clothing and shoes, those prices could go up by 35% by the end of the year.”
Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline | Uploaded July 31, 2025 | 07:56-08:05
“The price of one stroller at Walmart went up 50% in two months.”
Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline | Uploaded July 31, 2025 | 08:07-08:14
“For both Europe and Japan, Americans will face a tax that's 10 times higher than we paid last year.”
Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline | Uploaded July 31, 2025 | 14:58-15:07
“With Indonesia, he agreed to a 19% tax, four times what we paid last year.”
Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline | Uploaded July 31, 2025 | 15:12-15:18
“With the Philippines, a 20% tax, up from 1.3%.”
Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline | Uploaded July 31, 2025 | 15:18-15:23
“This president has raised average tariffs from 2.5% to more than 17%, the highest level since the Great Depression.”
Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline | Uploaded July 31, 2025 | 15:47-15:59
“The tariffs that the President announced in April on virtually every country in the world are set to go into full effect Tomorrow night at…”
Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline | Uploaded July 31, 2025 | 03:51-04:01
“The International Emergency Economic Powers act cannot be used to place taxes on imports.”
Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline | Uploaded July 31, 2025 | 04:19-04:28
“Passing my bill would give businesses and families more certainty to plan for the future and to keep more of their hard earned dollars in…”
Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline | Uploaded July 31, 2025 | 04:54-05:04
“Trump's tariffs amount to a tax to make everything from clothes to housing to food even more expensive.”
Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline | Uploaded July 31, 2025 | 07:18-07:27
“These tariffs do nothing to bring down costs. And in fact, they could add, as I said earlier in this statement, about $2,400 to the average…”
Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline | Uploaded July 31, 2025 | 08:20-08:35
“We still have seen no official notice and implementing any of these deals.”
Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline | Uploaded July 31, 2025 | 08:46-08:52
“No clarity on whether prescription drugs coming from Europe will face a 15% tariff starting in two days.”
Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline | Uploaded July 31, 2025 | 08:53-09:01
“Half of all imports are raw materials and intermediate goods, the very things that domestic manufacturers rely on.”
Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline | Uploaded July 31, 2025 | 10:23-10:32
“We're way past [the 90 deals in 90 days] deadline, and we've seen six, count them, six announcements.”
Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline | Uploaded July 31, 2025 | 14:24-14:32
“It's not even clear that Vietnam has actually agreed to what the President announced.”
Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline | Uploaded July 31, 2025 | 14:32-14:37
“These deals all force Americans and American businesses to pay a tax rate that is far higher than what we saw before the President engaged…”
Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline | Uploaded July 31, 2025 | 14:42-14:56
“For the UK where we have a trade surplus, again, a trade surplus, he agreed to a 10% tariff, again, 10 times what we paid in 2024.”
Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline | Uploaded July 31, 2025 | 15:26-15:38
“He is adding costs to American families and businesses.”
Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline | Uploaded July 31, 2025 | 16:00-16:04
“They're to finance tax cuts for the wealthiest Americans for the biggest corporations.”
Mike Crapo Blocks Bill To Curb President's Authority To Impose Tariffs Ahead Of Mass-Tariff Deadline | Uploaded July 31, 2025 | 16:07-16:14