Cape News

Ways and Means Committee Chairman Jason Smith issued a statement following President Trump's signing of an executive order. The order directs the administration to consider reciprocal tariffs on imports from countries that impose tariffs or other barriers on U.S. exports.

Smith expressed support for the initiative, stating, "President Trump understands that American workers and manufacturers can outcompete those of any other nation, but for far too long they have been held back by a lack of reciprocity because other countries impose much higher tariffs and other barriers than the United States imposes on imports."

He emphasized the need to explore all options to ensure fair treatment for U.S. interests, adding, "We must look at every avenue – including reciprocity – to ensure that U.S. interests are treated fairly."

The executive order is part of ongoing efforts by the Trump Administration to secure commitments from trading partners, address China's attempts to bypass U.S. tariffs, and review America's trade policies. Smith noted that these actions aim to prevent unfair practices by other nations and increase revenue for the United States.

"President Trump and congressional Republicans will continue working tirelessly to restore American leadership by standing up for working families, farmers, and small businesses here at home and in markets around the world," Smith concluded.