logo
South Carolina Republican: High prices are ‘for the good of the country'

South Carolina Republican: High prices are ‘for the good of the country'

The Hill19 hours ago
Rep. Ralph Norman (R-S.C.) acknowledged that the public is seeing higher prices as a result of tariffs imposed by President Trump, but argued the trade overhaul is 'for the good of the country.'
'I think a lot of people are seeing higher prices. Our family's in the construction business, and we get a lot of our timber from Canada and other countries. Yes, it's higher. Steel prices are up, but it's for the good of the country,' Norman said Saturday on Fox News when asked to explain the network's July poll showing that 55 percent of Americans disapproved of the president's handling of the economy.
Norman, who is running to become South Carolina's next governor, told host Jon Scott that 'Should we expect high prices for a short time? Yes.'
'But overall, we couldn't keep going the way we were going. The cancer in this country was letting other countries rule the day and tax our products,' the South Carolina Republican said. 'And why should we run a deficit every month? And that's why this President is doing such a good job.'
Trump's latest round of 'reciprocal' tariffs took effect on Thursday, impacting dozens of countries as the president realigns trade relations worldwide.
Nearly all imports will face a 10 percent tariff. Some countries, such as Syria, face a 41 percent tariff, while others like South Korea and Japan are staring down a 15 percent import tax.
'And you can't go on… you know, poll numbers vary. They come up, they go down, but the bottom line is, he's doing the right thing, and it could come at a better time, and if things will get better here,' Norman said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Zelensky: We will not let Russia ‘deceive' US
Zelensky: We will not let Russia ‘deceive' US

The Hill

time27 minutes ago

  • The Hill

Zelensky: We will not let Russia ‘deceive' US

Ukrainian President Volodymyr Zelensky said Sunday that his country will not let Russia 'deceive' the U.S. as a meeting between President Trump and Russian President Vladimir Putin looms. 'Of course, our team is working with the United States — not a single day goes by without communication on how to ensure real peace. We understand Russia's intention to try to deceive America — we will not allow this. I greatly value the determination with which President Trump is committed to bringing an end to the killings in this war,' Zelensky said in an address, according to a translation released by his office. In his first few months back in office, Trump and his administration have pushed for an end to the war in Ukraine to no luck. Trump said last week he is going to meet with Putin in Alaska next Friday, hosting him for talks on ending the war in Ukraine. 'The highly anticipated meeting between myself, as President of the United States of America, and President Vladimir Putin, of Russia, will take place next Friday, August 15, 2025, in the Great State of Alaska. Further details to follow. Thank you for your attention to this matter!' Trump said on his Truth Social platform. In his Sunday address, Zelensky said that each 'day, many people are giving their lives.' 'But the sole root cause of these killings is Putin's desire to wage war and manipulate everyone he comes into contact with,' Zelensky added. 'We in Ukraine know Russia well – and that is why, in extremely difficult circumstances, Ukrainians have endured more than three years of full-scale war. We will certainly defend our state and our independence. I thank everyone who is helping.'

Nvidia and AMD to pay 15% of China chip sales revenues to the U.S. government, FT reports
Nvidia and AMD to pay 15% of China chip sales revenues to the U.S. government, FT reports

CNBC

time28 minutes ago

  • CNBC

Nvidia and AMD to pay 15% of China chip sales revenues to the U.S. government, FT reports

Nvidia and Advanced Micro Devices have agreed to give the U.S. government a share of revenues from certain chips sold in China, the Financial Times reported, in an unprecedented arrangement with the White House. In exchange for 15% of revenues from the chip sales, the two chipmakers will receive export licenses to sell Nvidia's H20 and AMD's MI308 chips in China, according to the FT. The arrangement comes as President Donald Trump's tariffs continue to reverberate through the global economy, underscoring the White House's willingness to carve out exceptions as a bargaining tool. Nvidia CEO Jensen Huang met with Trump last week, according to the FT. In a statement, Nvidia told the Financial Times: "We follow rules the U.S. government sets for our participation in worldwide markets." Last week, Trump had said he would implement a 100% tariff on imports of semiconductors and chips, unless a company was "building in the United States." Read the complete Financial Times report here.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store