Senator Lindsey Graham on how Tariffs are hurting American business and how China is the culprit in the trade war
(Senator Lindsey Graham) The tariffs are hurting in this regard. If you're an Iowa farmer they're putting tariffs on pork products sold into China from Iowa. If you make cars in South Carolina for BMW like we do 81,000 BMW is made in South Carolina or sold it to China last year. There's a 40 percent tariff now on American cars sold into China that may destroy the X-5line in Greenville South Carolina. That's going to hurt us. I'm willing to accept some pain to get a get a better outcome. And China is the culprit here. They steal intellectual property. They manipulate their currency. They dump commodities into the world market to destroy the steel market I want to change Chinese business practices the best way to do that Brian is for Canada Mexico and Europe to be united with the United States against China.
Senator Graham on The Trump administration's plan to provide $12 billion in trade assistance to farmers hurt by tariffs
(Brian Kilmeade) Senator Ron Johnson weighed in, usually an ally of the President said "This is becoming more and more like a Soviet-type of economy here: Commissars deciding who's going to be granted waivers, commissars in the administration figuring out how they're going to sprinkle around benefits. I'm very exasperated. This is serious."
(Senator Lindsey Graham) Well he's right about that. I just explained to you that we make , I can't remember the number of BMW is made in Greenville South Carolina. It's the largest BMW planned in the entire BMW family is in Greenville South Carolina. We made x5 bought we sell 81,000 thousand a year into China. That's good business for us. . People in China want to buy the car so they put a 40 percent tariff on all American cars coming in into China is really hurting BMW sales to China. The farmers in Iowa and other places who sell to China are being hurt by the tariffs but Ron's right about this. If you're not willing to accept some pain to bring about change it will never work. I don't expect the government to reimburse BMW for their lost business. You just can't do that. That's not good economics. You can't just pay people who are suffering from the tariffs and then you just screw up your whole economy.