GOP Rep. Hill: More Targeted Tariffs Would Give More Certainty, Across the Board Creates Uncertainty

. the unique perspective that ░░░░░░░░ Hill brings to us ░░░░░░░░ Arkansas Rep Hill great ░░░░░░░░ be back with both ░░░░░░░░ you Joe I know ░░░░░░░░ are sensitive with the ░░░░░░░░ and you do not ░░░░░░░░ what you see on ░░░░░░░░ Street The line from ░░░░░░░░ miran was just hang ░░░░░░░░ we are working on ░░░░░░░░ the Trump tax cuts ░░░░░░░░ other points of tax ░░░░░░░░ that will help to ░░░░░░░░ this better Rep Hill ░░░░░░░░ is such an important ░░░░░░░░ I am concerned we ░░░░░░░░ up the strategy of ░░░░░░░░ sizing regulation tailoring regulation ░░░░░░░░ getting balance with which ░░░░░░░░ Trump was so successful ░░░░░░░░ his first term The ░░░░░░░░ will be voting on ░░░░░░░░ house budget bill this ░░░░░░░░ that will unlock the ░░░░░░░░ to block a major ░░░░░░░░ increase for business and ░░░░░░░░ households Those are big ░░░░░░░░ that I think we ░░░░░░░░ get done I do ░░░░░░░░ want to see a ░░░░░░░░ strategy offset that which ░░░░░░░░ why I believe in ░░░░░░░░ diplomacy President Trump is ░░░░░░░░ to engage in trade ░░░░░░░░ but I believe he ░░░░░░░░ target sectors in an ░░░░░░░░ way to achieve results ░░░░░░░░ do the same thing ░░░░░░░░ reciprocity with countries you ░░░░░░░░ are bad actors and ░░░░░░░░ open to American products ░░░░░░░░ it relates to Canada ░░░░░░░░ Mexico I think the ░░░░░░░░ should advance negotiations on ░░░░░░░░ usmca reauthorization of the ░░░░░░░░ Let s make some ░░░░░░░░ Let s make sure ░░░░░░░░ component parts are not ░░░░░░░░ into Mexico or Canada ░░░░░░░░ go into the supply ░░░░░░░░ Kailey why not have ░░░░░░░░ take the lead on ░░░░░░░░ It is your article ░░░░░░░░ authority but it is ░░░░░░░░ driven out of the ░░░░░░░░ House Does that need ░░░░░░░░ change to calibrate the ░░░░░░░░ in a better way ░░░░░░░░ the economy Rep Hill ░░░░░░░░ good question Since the ░░░░░░░░ 1920 s Congress had ░░░░░░░░ in the tariff business ░░░░░░░░ they were so frustrated ░░░░░░░░ it and bad at ░░░░░░░░ that they gave it ░░░░░░░░ the executive Branch I ░░░░░░░░ article 1 s job ░░░░░░░░ to make sure we ░░░░░░░░ to get it right ░░░░░░░░ the Senate s case ░░░░░░░░ treaties were necessary Trade ░░░░░░░░ authority which was reauthorized ░░░░░░░░ President Trump s first ░░░░░░░░ it expired President Biden ░░░░░░░░ nothing about it Joe ░░░░░░░░ is the banker inside ░░░░░░░░ never mind the chairman ░░░░░░░░ financial services think about ░░░░░░░░ you hear company say ░░░░░░░░ are we being unfairly ░░░░░░░░ All we have done ░░░░░░░░ play by the rules ░░░░░░░░ went to Mexico and ░░░░░░░░ and we are being ░░░░░░░░ Are they correct in ░░░░░░░░ that point Rep Hill ░░░░░░░░ speaks to the uncertain ░░░░░░░░ of this I hear ░░░░░░░░ from my own constituents ░░░░░░░░ are manufacturers who make ░░░░░░░░ but some of the ░░░░░░░░ parts and what they ░░░░░░░░ come from outside the ░░░░░░░░ S they are concerned ░░░░░░░░ the cost and if ░░░░░░░░ product will be competitive ░░░░░░░░ same is true for ░░░░░░░░ Much of what we ░░░░░░░░ goes to Canada or ░░░░░░░░ The strategy has to ░░░░░░░░ right Using trade diplomacy ░░░░░░░░ open new markets lower ░░░░░░░░ in certain product categories ░░░░░░░░ auto in the European ░░░░░░░░ and using trade diplomacy ░░░░░░░░ punish bad actors Those ░░░░░░░░ all important elements and ░░░░░░░░ gives a certainty When ░░░░░░░░ use an across the ░░░░░░░░ approach you get the ░░░░░░░░ that my constituents are ░░░░░░░░ I hope we can ░░░░░░░░ on clarifying that in ░░░░░░░░ weeks ahead Kailey in ░░░░░░░░ weeks and months ahead ░░░░░░░░ White House is pushing ░░░░░░░░ tax cuts that have ░░░░░░░░ happen at some point ░░░░░░░░ the tcj is not ░░░░░░░░ to expire The argument ░░░░░░░░ the tax package in ░░░░░░░░ was it was going ░░░░░░░░ juice the economy put ░░░░░░░░ money in people s ░░░░░░░░ and let businesses make ░░░░░░░░ investments Will it have ░░░░░░░░ same effect if it ░░░░░░░░ just an extension of ░░░░░░░░ exists and those people ░░░░░░░░ businesses might feel more ░░░░░░░░ a pinched in terms ░░░░░░░░ their margin Rep Hill ░░░░░░░░ has been being phased ░░░░░░░░ The renewal will spur ░░░░░░░░ investment The r amp ░░░░░░░░ tax credit will spur ░░░░░░░░ investment You are right ░░░░░░░░ the corporate marginal rate ░░░░░░░░ would just feel relief ░░░░░░░░ I can count on ░░░░░░░░ going forward I think ░░░░░░░░ will unlock some activity ░░░░░░░░ the economy and it ░░░░░░░░ produce faster economic growth ░░░░░░░░ if the marginal rates ░░░░░░░░ not change dramatically Joe ░░░░░░░░ was a time when ░░░░░░░░ from tariffs was pitched ░░░░░░░░ a way to help ░░░░░░░░ to extend the Trump ░░░░░░░░ cuts Is that still ░░░░░░░░ of the conversation or ░░░░░░░░ the tax cuts be ░░░░░░░░ in lieu of the ░░░░░░░░ Rep Hill I cannot ░░░░░░░░ for the government at ░░░░░░░░ but with conversations with ░░░░░░░░ colleagues we have been ░░░░░░░░ about the importance of ░░░░░░░░ President Trump s tax ░░░░░░░░ cutting spending trying to ░░░░░░░░ size government so we ░░░░░░░░ not have 2 trillion ░░░░░░░░ We are not counting ░░░░░░░░ tariff revenue because it ░░░░░░░░ very difficult to predict ░░░░░░░░ have countervailing duties People ░░░░░░░░ change their buying patterns ░░░░░░░░ automatically assume you can ░░░░░░░░ on that I think ░░░░░░░░ not significantly significant or ░░░░░░░░ Omb does not count ░░░░░░░░ revenue in their scoring ░░░░░░░░ we get closer to ░░░░░░░░ final vote we will ░░░░░░░░ and see where this ░░░░░░░░ tariff plan settles and ░░░░░░░░ might give us some ░░░░░░░░ In the meantime we ░░░░░░░░ working independent of that ░░░░░░░░ we were listening to ░░░░░░░░ colleague Charlie pellett specifically ░░░░░░░░ bank stocks Investment banks ░░░░░░░░ counting on a revival ░░░░░░░░ companies coming to the ░░░░░░░░ markets and re engaging ░░░░░░░░ activity This gets back ░░░░░░░░ the regulatory burden you ░░░░░░░░ to Are you concerned ░░░░░░░░ economic impact companies deciding ░░░░░░░░ is not the best ░░░░░░░░ to enter public markets ░░░░░░░░ it could be for ░░░░░░░░ if they cannot take ░░░░░░░░ of it Rep Hill ░░░░░░░░ I hope the competition ░░░░░░░░ of the Trump FTC ░░░░░░░░ open toward business entrepreneurship ░░░░░░░░ competition to produce more ░░░░░░░░ I hope we are ░░░░░░░░ to encourage more public ░░░░░░░░ because we lower the ░░░░░░░░ quarterly of being public ░░░░░░░░ is a goal of ░░░░░░░░ being chairman of the ░░░░░░░░ Anytime you have wide ░░░░░░░░ uncertainty and equity prices ░░░░░░░░ will have people pullback ░░░░░░░░ a scheduled ipl because ░░░░░░░░ need market certainty I ░░░░░░░░ this settles down soon ░░░░░░░░ I know there is ░░░░░░░░ lot of interest in ░░░░░░░░ the equity market through ░░░░░░░░ ipo s Joe we ░░░░░░░░ been talking for the ░░░░░░░░ part of 10 minutes ░░░░░░░░ somehow Kailey Leinz has ░░░░░░░░ asked you about crypto ░░░░░░░░ I was saving it ░░░░░░░░ last laughter Joe we ░░░░░░░░ a couple minutes left ░░░░░░░░ is something that gets ░░░░░░░░ in a very noisy ░░░░░░░░ cycle This is something ░░░░░░░░ have been pursuing Rep ░░░░░░░░ it is a real ░░░░░░░░ of the past four ░░░░░░░░ working with former chairman ░░░░░░░░ McHenry Maxine Waters to ░░░░░░░░ a dollar back stablecoin ░░░░░░░░ U S law inside ░░░░░░░░ largest capital market We ░░░░░░░░ have our own dollar ░░░░░░░░ stablecoin where we could ░░░░░░░░ a tokenized dollar payment ░░░░░░░░ a blockchain We had ░░░░░░░░ successful markup and this ░░░░░░░░ a companion to a ░░░░░░░░ weeks ago Bill haggerty ░░░░░░░░ Scott got a Senate ░░░░░░░░ back stablecoin out of ░░░░░░░░ Senate banking committee It ░░░░░░░░ the first time we ░░░░░░░░ demonstrating to the markets ░░░░░░░░ we can make progress ░░░░░░░░ this I think we ░░░░░░░░ get that passed this ░░░░░░░░ and get the market ░░░░░░░░ bill passed A dollar ░░░░░░░░ stablecoin but without market ░░░░░░░░ how would you exchange ░░░░░░░░ How would it be ░░░░░░░░ It is important that ░░░░░░░░ keep them working together ░░░░░░░░ Trump has asked us ░░░░░░░░ complete the work by ░░░░░░░░ August recess Kailey will ░░░░░░░░ see a full floor ░░░░░░░░ before market structure efforts ░░░░░░░░ Rep Hill I think ░░░░░░░░ and Senate leadership have ░░░░░░░░ best strategy under discussion ░░░░░░░░ Scott bill haggerty they ░░░░░░░░ outstanding leaders We will ░░░░░░░░ the best legislative strategy ░░░░░░░░ how different will it ░░░░░░░░ to sit 21 Rep ░░░░░░░░ we have our first ░░░░░░░░ next week We are ░░░░░░░░ about that and hope ░░░░░░░░ get the text ready ░░░░░░░░ the next few weeks ░░░░░░░░ we need a style ░░░░░░░░ panel