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Ron Johnson: “Imports aren't, I don't think any more than 15% of total…”

Featuring: Ron Johnson, Republican | U.S. Senate, Wisconsin

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Interview with Senator Ron Johnson on Tariffs and Market Reactions

Published | Video Starts at 04:43

This is a massive tax increase, isn't it? I'm not exactly sure what the inflationary impact is going to be on this. You know, again, Imports aren't, I don't think any more than 15% of total consumption. So even a 10% tariff on all imports would not be that particularly inflationary. It would be a one time event. Again, I just don't know how this all ends up. (04:43–04:48)

CLAIM

Asserts that imports constitute no more than 15% of total consumption.

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