US economy is good, but tariffs hurt small business: Roger Williams

US economy is good, but tariffs hurt small business: Roger Williams


IMMIGRATION. RIGHT NOW, PRESIDENT TRUMP STRIKING AN OPTIMISTIC TONE AN A TRADE DEAL, THIS COMES ON THE SIDELINES OF THE G-7 SUMMIT IN FRANCE, RAISING HOPES FOR A SOLUTION IN THE ONGOING FEUD AND IT CAME AFTER CHINA’S VICE PREMIER LIU HE SPOKE OUT OVERNIGHT, SAYING BEIJING SEEKS A, QUOTE, CALM RESOLUTION TO THE CONFLICT. HERE’S WHAT PRESIDENT TRUMP SAID JUST MOMENTS AGO.>>WE’VE HAD CALLS. WE’VE HAD CALLS AT THE HIGHEST LEVEL. THE VICE CHAIRMAN PUT OUT A STATEMENT LAST NIGHT, HE SAID HE WANTS TO MAKE A DEAL AND HE WANTS CALM. I THINK IT’S A VERY GOOD WORD TO USE, CALM. NOT A WORD THAT I USE THAT OFTEN. BUT IT’S A GOOD WORD TO USE. AND I THINK IT’S ONE OF THE REASONS THAT IT’S A GREAT COMPANY AND THEY UNDERSTAND. I THINK THAT MESSAGE ALSO HELPS WITH RESPECT TO HONG KONG. I REALLY DO. I THINK IT MAKES IT EASIER FOR HONG KONG TO DO SOMETHING. I THINK THAT PRESIDENT XI WILL DO SOMETHING WITH HONG KONG. I REALLY THINK MESSAGE IS A GOOD MESSAGE WITH RESPECT TO WHAT THE ULTIMATE OUTCOME IS IN HONG KONG. DAGEN: SOME OF THE PRESIDENT’S INCREASED TARIFFS WOULD GO INTO EFFECT THIS WEEKEND. JOINING US NOW, TEXAS CONGRESSMAN, HOUSE FINANCIAL SERVICES COMMITTEE MEMBER, ROGER WILLIAMS. CONGRESSMAN, GOOD TO SEE YOU.>>GOOD MORNING, DAGEN. DAGEN: WE’RE WATCHING WHAT’S TRANS SPIRING — TRANSPIRING IN FRANCE AT THE G-7 SUMMIT. WHERE DO WE GO FROM HERE?>>WHAT THE PRESIDENT DID WITH JAPAN YESTERDAY IS A P STEP STEP JAPAN YESTERDAY IS A P STEP STEF JAPAN YESTERDAY IS A P STEP STER JAPAN YESTERDAY IS A P STEP STEA JAPAN YESTERDAY IS A P STEP STED JAPAN YESTERDAY IS A P STEP STE. AS LONG AS THEY’RE TALKING, THAT’S GREAT. WE WANT TO GET SOMETHING DONE. I’M A SMALL BUSINESS OWNER, MAIN STREET AMERICA. WE WANT TO GET SOMETHING DONE SO WE CAN MOVE FORWARD AND WE KNOW WHAT THE COST OF GOODS IS GOING TO BE AND SO FORTH. I THINK HE’S DOING A GREAT JOB AND EXCITED ABOUT THE DEAL HE MADE WITH JAPAN. DAGEN: IN TERMS OF YOUR CONSTITUENTS, SMALL BUSINESS OWNERS IN PARTICULAR, ARE THEY FEELING THE IMPACT OF THE ONGOING TRADE FIGHT?>>A LOT OF THEM ARE. A LOT OF THEM, IT’S — WHEN YOU HAVE A TARIFF, IT REALLY RAISES THE COST OF GOODS SOLD. I’VE HAD SOME SMALL BUSINESS OWNERS SAY THEIR GOODS HAVE GONE UP 10 TO 15%, IT’S SLOWING THEIR BUSINESS DOWN. WE DON’T WANT THAT TO HAPPEN. I BELIEVE THE ANSWER IS TO CUT TAXES EVEN MORE, PUT CASH FLOW INTO AMERICA’S SMALL BUSINESS’ HANDS AND LET US CASH FLOW OUR COUNTRY. I THINK A COMBINATION OF THAT IS THE BEST WAY TO GO. DAGEN: RYAN HAS A QUESTION FOR YOU.>>CONGRESSMAN, JUST OUT OF CURIOSITY, WHEN YOU TALK TO BUSINESS OWNERS, HOW IS SENTIMENT IN GENERAL RIGHT NOW? WE LOOK AT THE OVERALL HEALTH OF THE ECONOMY. I’M A SMALL BUSINESS OWNER. THAT’S A GOOD LITMUS TEST FOR WHERE WE ARE ECONOMICALLY SPEAKING IN THE U.S.>>THE ECONOMY’S GOOD. I’M IN THE CAR BUSINESS. WE’RE ONE OF THE FIRST TO KNOW WHEN IT’S GOOD OR BAD. BUSINESS IS GOOD. PEOPLE ARE EXPANDING. WE’VE GOT MORE JOB START-UPS, SMALL BUSINESS START-UPS THAN EVER IN THIS COUNTRY. THINGS ARE GOING GOOD. THE ATTITUDE’S GOOD. LIKE ANYTHING ELSE, WE WANT TO HAVE A PATH AND WE ARE VERY — IN TEXAS, WE’RE GLAD WE DON’T REALLY HAVE THE CANADA, MEXICO CONTENT TARIFFS RIGHT NOW. THAT’S IMPORTANT HERE IN OUR AREA. BUT BUSINESS IS GOOD. LET’S KEEP IT THAT WAY. LET’S NOT RAISE THE PRICE OF GOODS SOLD AN LET’S CASH FLOW MAIN STREET. DAGEN: I WANT TO ASK YOU ABOUT THE PRELIMINARY TRADE DEAL WITH JAPAN. ROBERT LIGHTHIZER SAYS THAT THE DEAL WOULD FOCUS ON AGRICULTURE INDUSTRY AND DIGITAL TRADE. AND LET’S ALSO TALK ABOUT THE USMCA. WHEN IS THE HOUSE GOING TO PICK THIS UP AND VOTE ON IT, AS SOON AS YOU GET BACK?>>WELL, I WOULD HOPE SO. WE SHOULD HAVE VOTED ON IT BEFORE. SPEAKER PELOSI KEPT IT OFF THE R FLOOR. I THINK IT’S GOING TO PASS. IT’S GOOD FOR AMERICA, IT’S GOOD FOR THE WORLD, IT’S GOOD FOR TEXAS. WE NEED TO VOTE ON IT AND I THINK — LIKE I SAY, I THINK IT WILL PASS. IT’S GOTTEN TO BE POLITICAL. NOBODY WANTS TO HAVE THE PRESIDENT GET A VICTORY. IT WOULD BE A VICTORY FOR HIM AND EVERYBODY, INCLUDING THE WORLD. IT’S GOING TO BE GOOD TRADE OPTIONS. WE NEED TO GET IT PAPPED F PASSE WE NEED TO GET IT PAPPED F PASS. I HOPE WE VOTE ON IT WHEN WE GET BACK. DAGEN: THE TRUMP ADMINISTRATION ON IMMIGRATION, PROPOSING EXTENDING THE DAYS THAT A FAMILY CAN BE HELD, MOTHER AND CHILD, FOR EXAMPLE, UNDER THE FLORES AGREEMENT, A RULE CHANGE THAT WOULD ALLOW MIGRANT FAMILIES TO BE HELD IN CUSTODY INDEFINITELY AS OPPOSED TO 20 DAYS. MARIA BARTIROMO SPOKE WITH MARK MORGAN, ACTING CUSTOMS AND BORDER PATROL COMMISSIONER YESTERDAY, ON SUNDAY MORNING FUTURES, AND HE SAID THIS. CONGRESSMAN, LISTEN TO IT. I’LL GET YOUR REACTION.>>EXPLAIN THE NEWS ON THE FLORES AGREEMENT AND WHY IT’S IMPORTANT, SIR.>>MARIA, YOU’RE SPOT-ON OF. THAT’S ONE OF THE FALSE NARRATIVES OUT THERE THAT WE’RE GOING TO INDEFINITELY HOLD CHILDREN. THAT’S ABSOLUTELY FALSE. THE NEW FLORES REGULATION CHANGES THAT. THAT’S WHY IT’S A GAME CHANGER. WITH THE NEW REGULATION, WE CAN HOLD FAMILIES TOGETHER IN A HEALTHY, SAFE ENVIRONMENT, WHILE THEY GO THROUGH THE IMMIGRATION PROCEEDING AND THEN IF THE CLAIMS ARE MERIT-BASED CLAIMS, WE RELEASED THEM. IF THEY’RE MERITLESS, THEY’RE SENT BACK TO THEIR COUNTRY. WE’RE GOING TO HOLD THEM AS LONG AS IT TAKES FOR THE IMMIGRATION PROCESS AND HISTORY HAS SHOWN US THAT’S BETWEEN 40 AND 60 DAYS. IT’S NOT INDEFINITE. MARIA: YOU’RE GOING TO FACE A WAVE OF LITIGATION. ARE YOU EXPECTING THE LAWSUITS TO BEGIN TOMORROW?>>WE BELIEVE THIS MEETS AND EXCEEDS THE CONDITIONS AND REQUIREMENTS OF THE FLORES SETTLEMENT AGREEMENT. IT WILL BE LITIGATED. DAGEN: CONGRESSMAN, YOUR QUICK REACTION?>>WELL, I THINK IT’S A GOOD MOVE. IT KEEPS THE FAMILIES TOGETHER. IT LETS THEM HAVE THEIR DUE PROCESS TOGETHER. AND SO IT DOESN’T SEPARATE THE FAMILIES WHICH IS A BIG ARGUMENT. I THINK IT’S THE RIGHT THING TO DO.

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100 thoughts on “US economy is good, but tariffs hurt small business: Roger Williams”

  • 中国人生产的商品,被美国人用美元买走,美国人得到了商品,中国政府得到了美元,中国老百姓得到的是人民币。结果就是,美国给中国印发美元,中国给老百姓印发人民币;美国人用美元换来了中国商品,中国用不断超发的人民币,换走了老百姓手中的商品。这就是美国高工资低物价,中国高物价低工资的秘密。

  • Matthew Mosier says:

    The only arguments I've heard against tariffs seem to fall into two categories. The first is the argument that tariffs are harmful because they helped cause the Civil War. This argument does not apply to foreign, semi-hostile governments such as China, in my opinion, so it is not valid. The second is that tariffs will hurt American farmers. This argument seems extremely short sighted considering the years of those opposed to tariffs seem to have been responsible for the near destruction of working class jobs in the nation's heartland and other places. What's wrong with a little pain in order to fix the trade imbalance caused by years of establishment thinking? It seems to make sense economically.

  • A Very Stable Genius says:

    🔴Manufacturing is not coming back. Stop dreaming about that. Capitalism abandoned this country a long time ago, it went to China, Brazil, mexico etc. The private companies that left nobody told them to leave, they did it because is more profitable. They don’t care about being American or so on. Wake up and start accepting they don’t owe you nothing. Want free markets, there you go.🙄🤷‍♂️

  • we can beat the chicoms now. focus on the long game, their regime could colapse. they lie to us, steal our secrets!!, and prop up our enemies. to hell with the chicoms.

  • Why is the RV industry going downhill so fast then? Normally if the RV industry is crashing then the economy is getting ready to go downhill fast.

  • "I bet some small business owners say their products have gone up 10-15%" not exactly hard facts there. again, click bate title = (

  • Patrick Forget says:

    Democrats going to be all pissed because I want them here for their boats that's all I want because, people are starting to wake up to what they're doing all races are waking up just seeing what they're doing so that's why they want the illegal aliens here and yes there are questions on the census about are you an illegal alien and all this are you from this world from this country or what country are you from are you Hispanic are you there are you that yeah they got them on there and I'm glad they do cuz you got to put all the peoples names in your house it's underneath that's in the meteor roof the whole nine yards

  • Thomas Faggioni says:

    I hereby proclaim; U.S. companies are forbidden to…… Wait a minute isn’t that the State dictating, regulating and using administrative direction on the free enterprise system? Isn’t there a word for that? Oh yeah, Socialism!

  • Did we Chinese said that??? No … We Chinese are not ready to resume the talk until the Trump administration drop these MF nonsense,

  • The US economy is not good. All the economic figures coming from the talking heads Our Lives. Unemployment rate is around 30%. They just don't count people that are unemployed. And if somebody is forced to have two or three jobs to make ends meet the count that is two or three full-time employed people. The numbers are complete lies. Same thing with inflation. Any normal person that goes to normal stores nose inflation is probably closer to 20% if not much greater. They don't count products that people use, and they substitute poor quality products for higher quality products and pretend that the price is not going up. They manipulate these numbers for inflation and unemployment they never give the real numbers all the numbers are manipulated and fake. The US economy is a big lie House of Cards.

  • Miguel Sevilla says:

    This guy is full of it! I'm in the car business too bonuses have been cut people have been let go we are getting ready for a massive slow down small sedan vehicles sales are down everything's slowing down I don't understand where this guy got his numbers from

  • We need to tariff more on China they steal our technology each years they cheating us 507 Billions for 30 years from now. Last idiots Fake President Obama want to destroyed USA!!

  • It'll hurt a lot more long-term if we don't fix this now. Is it possible to hurt small business more than the Obama Administration did? This will seem like a vacation compared to that….

  • IMAGINE MY FREEDOMS third templers says:

    Looks like many treasonous jewtubers selling made in china hats, tshirts, cups, jackets and other worthless crap are gonna have to purchase made in America products rather then their worthless made for communists crap.

  • Its just a matter of time before CHUMP opens his mouth and dispels all doubt that he is a complete and utter moron incapable of running a casino let alone a country. Every time he creates a problem with tariffs it sends the stock market plummeting, then low and behold within 2 days the Chinese are calling him for a deal. You're blind and stupid if you don't see this pattern that has been going on for 18 months.

  • We don't need China…the only reason we trade with China is because it was part of the Communist plan to make the US Communist and get China accepted in the Global economy.

  • CONGRESSMAN WILLIAMS, YOU ARE LOOKING FOR SOMETHING / ANYTHING TO MAKE OUR PRESIDENT LOOK BAD. HOW ABOUT GETTING ILLEGAL ALIENS OUT OF YOUR STATE AND OUT OF OUR COUNTRY? THIS WILL SAVE THE USA 23 BILLION DOLLARS A YEAR!

  • Jeremiah's Grotto says:

    China…. NO Quarter!
    They owe us big time, and it's time to collect, even if it means discomfort in the short term.
    People who want to go easy on China want to do so because they have "interests" in China.
    AMERICA FIRST

  • It may be true that tariffs hurt small bussiness, but I remember when there were tariffs and it seemed to me there were ALOT more small bussinesses.

  • Tariffs hurt Small Businesses that Sold Out America for Profit,…Just like a good little Globalist should…No Sympathy!

  • Sure Sure I believe the talking heads…..I believe in results and positive results is what we are seeing. Where was the concern for all the small businesses that were wiped out by Chinese controlled walmart? These people are just trying at every turn to make something positive into a negative.

  • Good job ,but why can't we fire them if the don't do the JOB we hired them for if we don't do our Job the fire us without Pay .I agree for Term Limits the should not be allowed to get rich on our Tax money if we can't get rid of them then we should be allowed to give The greatest PRESIDENT DONAld TRUMP an extra 4 jear for the terrible 4 jears the putt our PRESIDENT true let him have 8 jearsThank you MISTER PRESIDENT DONAld TRUMP

  • Graciela Cattarossi says:

    For decades our Presidents have overlooked the Chinese abuse ,fighting back is not easy and might signify some sacrifices , …..but the alternative that is do nothing is not acceptable.

  • Repsychler 808 says:

    It’s all about the greed and selfishness and the love of money. God forbid someone take a loss.
    Particularly, China.

  • China denies it has called Trump. This US President is so weak, he tries to cover every failing with lies. America is embarrassing itself.

  • Arnold Tjauw-A-Hing says:

    Trump has an urge to purify.
    Trump's urge does it again. He can claim the Japan deal as a tribute to his negotiating technique, and he lets the rest of the West sympathize with the agreements made or not. The Chinese would not want to impose dormant communist norms on the West. China cannot continue to manipulate its currency at the expense of the West. Theft of intellectual knowledge for the benefit of their economy and industrial-military complex must stop. That is the message that the president continues to deliver consistently in his speeches. It is a relief to see how political experts receive free public lessons on how to practice politics. The actions of this Potus must be the model of future political practice because all humanity can benefit from it. The Chinese can only participate if they distance themselves from their manipulative currency practices. Economic convergence of the political systems once discussed at a public administration college that is now almost 56 years ago. At that time, I was already wondering how that convergence should come about. It is now clear to me that convergence goes hand in hand with respecting and respecting regulations and currency agreements. My simple conclusion is therefore not a systematic economic convergence between Western capitalist and other communist systems.

  • A weak dollar hurts the middle class…tariffs are the least of our worries. END THE FEDERAL RESERVE! BRING BACK THE CHAINS OF THE GOLD STANDARD! CUT BACK THE FEDERAL GOVERNMENT! THEY ARE TOO BIG TO FUND!

  • Hurt small business? Small price to pay for Getting our balls back. The pros outweigh the cons in the long run. $15 minimum wage would hurt a lot more ,would put Small business out of business

  • china got rich and powerful because of USA look back at china 50 years a ago they had nothing NOTHING and look at them now they want free deal , CHINA NO !!!!!! TRUMP IS NOT STUPID LIKE BUSH, OBAMA, and CLINTON etc…… SO china NEED USA < USA DON'T NEED CHINA !!!!!

  • Can someone please tell me why we keep track of the national debt if just keeps going up but we're supposedly "winning"? Does it even matter?

  • Make sure you always state who is it good for. The economy is good for the owners and the wealthy. The bottom 80% are living pay check to pay check and homeless are everywhere.

  • TRUMP is a smart business man he doesnt lose ! Take advantage of this situation we will never have a great president like this again ! He is business man not a tax and money waster ! VOTE TRUMP 2020 !

  • Simple, stop trading with China🤔 I’m a small country and could never bring myself buying from China especially with Canada and Mexico right here🤗

  • fairy princess or something whatever says:

    It hurts small business blah blah when China takes over after Dems steals election what you think would happen help the small business???

  • Evelyn Sinnett says:

    I hope Chinas not just play in again President TRUMP be TUFFER THEN. BEFORE I WW BELUVE IF THE DEAL ISNT RIGHT FOR ANERICA 1ST & CHINA OF COURSE IWE TGINK PRESIDENT TRUNP SHOULD MAJE DEAL CHINA CANT BACK OUT OF OR IF IT JUST NOT RIGHT HE STILL WILL BOT MAKE A DEAL BUT WE HOPE IT IS POSITIVE. LIKE HE ALWAYS SAYS WE' LL SEE GOD BLESS

  • Uaine Vatikani says:

    Economy is good although few small businesses are hammering by trade war but only for short term.

    Imagine if they engage in a economic deal right now. Then the economy will be beautineous booming and everyone even animals will jump up and down in celebrations except democrats.

  • Under Trump administration, our economy is doing well with a creation of almost 6 million jobs, which greatly helped the unemployment rate fall to the lowest in 50 years. Our stock market is doing great and businesses are thriving. Setting aside his good life of a billionaire to Make America Great Again and to Keep America Great, Trump has brought pride back to America and energy back to the American people. Trump is the greatest president we've ever had in modern times.

  • Eric McLaughlin says:

    right, because we all know that costco and walmart bend over backwards to sell MADE IN THE USA and not the local small businesses.

  • If you cannot make a small sacrifice for your country; then you are not a patriot!!!If you are not willing to make a small sacrifice and a little discomfort….then you are a coward and a traitor. Sell everything you have and get the hell out out of my country. Your country has given you the opportunity to have the American dream. Don't be like the illegals aliens, give something back to your country instead of being greedy and only want t take take take !!!!!!!

  • And what the Left did, did not hurt them? What was small business growth under Obama? I’m sorry but the long term benefits out way the short term discomfort.

  • Only one to make money from US tariff is the US government. Only one to pay for US tariffs are US citizens. China just doesn’t want its economy to go down with the US.

  • you dummies do not run a business and know nothing about what you talk about. i am a small business owner, and the tariffs are not affecting business. what part do you not understand that we need jobs back here where folks have money in their pocket to actually be able to afford to buy something. wake up!!!!!

  • Many ignorant people continue blaming Trump for everything, and China continues saying it's confusing and continues stealing American jobs and technology! Everything is as clear as day. China has been stealing Americans blind for years. China's unfair trade with the US and theft of American technology have cost Americans about $1 trillion each year for over 25 years, which is the greatest transfer of wealth in history. Sadly, NONE of the previous US presidential administrations could even get a cent from China until the American people elected Trump-then billionaire businessman, president. So far, over $65 billion from tariffs on Chinese goods has flown smoothly to the US treasury, and the money could reach over $100 billion next year as a result of Trump's new tariffs on Chinese goods. Having an extra $100 billion to spend is not that bad, is it? "The Trump administration has drawn a clear line in the sand that the outright theft and coercive tactics China has employed to gain access to and control over our intellectual property won’t be tolerated any longer. The decision to impose tough sanctions on China is long overdue. America’s economic and national security interests are at stake." Trump's actions send a clear message: China's era of intellectual property theft is over! Trump's message to China is simple and clear. What else confused China and those ignorant people? Stop stealing to make a fair trade deal. Period.

  • cut taxes? how are you going to pay for that? this genius sells cars… there is a bubble with the car business… when you can get a mortgage for your car (7year loans)… you are over extending… hence the bubble just like 2008…

  • The small business owners are not getting funding because it's to hard to get a loan cause banks are losing money daily

  • Andrew Macdonald says:

    It is going to be hard to do “business” in a world where the climate goes completely wonky, because of burning too much oil….Trump needs to go back to school, and learn a little science. Maybe Greta Thunberg can teach him a thing or two now that she has just arrived, after crossing the Atlantic “carbon free” on a yacht. This young woman makes our President look even more like the real dummy he is.

  • VERY SIMPLE. TRUMP GAVE HIS TERMS. NOW WAIT FOR CHINA TO ACCEPT. RAISE TARIFFS IF NECESSARY. BUSINESS OWNERS NEED TO LET TRUMP DO HIS JOB. HE IS IN CONTROL !!!

  • I say no deal with China until they leave the islands that were stolen from Philippines and Viet Nam in the South China Sea and provide them compensation as well. Do you really believe we can't survive without China? We will thrive without them.

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