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Speaker 1: Bloomberg Audio Studios, podcasts, radio news. So here's the laceis

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Speaker 1: this morning, the President threatening House Republicans taking a stand

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Speaker 1: against this tariff agenda, the President posting on truth Social

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Speaker 1: there will be consequences after six GOP lawmakers cross party

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Speaker 1: lines to reboot the president's levies on Canada. The Republican

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Speaker 1: Congressman French Hill voting against the measure to overwrite President

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Speaker 1: Trump's tariff and he joined us now for more. Congressman Heill,

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Speaker 1: welcome to the program sir. Your reaction to what happened

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Speaker 1: on the Hill yesterday and why you voted the way

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Speaker 1: you did.

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Speaker 2: Well, Good morning, Jonathan.

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Speaker 3: Look, I think we should handle the tariff discussion in

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Speaker 3: a more comprehensive way and not take votes every week

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Speaker 3: on the floor that turns the House floor over to

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Speaker 3: the Democratic Party. That's why I believe that standing with

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Speaker 3: the Speaker Mike Johnson on this maintains Republican control of

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Speaker 3: the floor. So this is a very important strategic issue

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Speaker 3: in a parliamentary body like Congress with a very narrow majority.

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Speaker 3: What we should be doing about trade is urging the

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Speaker 3: President to renew USMCA with Canada and Mexico, which is

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Speaker 3: under review for its five year review this summer. It's

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Speaker 3: a very important trade arrangement for the three countries. Progress

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Speaker 3: is being made in working with the Canadians and the Mexicans.

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Speaker 2: So that's number one.

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Speaker 3: Not to be connected in my judgment to the vote

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Speaker 3: last night, which is did the President have the right

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Speaker 3: to put tariffs on Canada under IEPA because of the

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Speaker 3: fentanyl matter?

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Speaker 2: You get my point.

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Speaker 3: Let's stick with the big picture here, which is growing

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Speaker 3: America's exports, growing America's influence, using tariffs as a tool

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Speaker 3: to change trade behavior of other nations. Number one on

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Speaker 3: that list, of course, is China.

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Speaker 1: Congressman, you mentioned USMCA. I've seen down in Washington. I'm

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Speaker 1: sure you're familiar with the work at josh Wen Grows

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Speaker 1: wrote just yesterday that the President is privately amusing about

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Speaker 1: exiting the North American Trade pack. That accordings people familiar

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Speaker 1: with the matter. When you read a story like that,

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Speaker 1: do you just consider that part of the negotiation for

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Speaker 1: the upcoming negotiations or does that concern you?

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Speaker 3: Yeah, no, I do because of the way President Trump

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Speaker 3: is responsible for dramatically improving the North American Free Trade

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Speaker 3: Agreement from the nineteen ninety two nineteen ninety three timeframe

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Speaker 3: in creating USMCA in his first term, and it worked

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Speaker 3: quite well.

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Speaker 2: But there's more to.

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Speaker 3: Be done on Canadians on dairy or Canadians on softwood lumber,

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Speaker 3: or how the automotive business works back and forth between

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Speaker 3: the two countries.

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Speaker 2: We're now the role of it.

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Speaker 3: We live in an ever changing economy with ever changing priorities.

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Speaker 3: But let's face the reality that thirty percent of GDP

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Speaker 3: in my home state of Arkansas is connected to cross

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Speaker 3: border trade with Mexico and Canada.

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Speaker 2: So the agreement is important.

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Speaker 3: And it's also important for you to note in that

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Speaker 3: comment that President Trump has you know, does not impose

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Speaker 3: additional tariffs on USMCA compliant goods, So we are living

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Speaker 3: by the agreement.

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Speaker 4: Congress, there's a trade off here, and I think a

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Speaker 4: lot of people would be sympathetic with the idea of

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Speaker 4: trying to get certain trade partners to change behaviors and

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Speaker 4: thinking particularly of China. On the other hand, there's a

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Speaker 4: real affordability crisis, and this is a real issue for

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Speaker 4: a whole host of representatives who are coming up for

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Speaker 4: election later later this year. I just wonder how much

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Speaker 4: influence you think that Republicans on the Hill have over

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Speaker 4: President Trump's negotiations around tariffs to potentially either abstain from

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Speaker 4: putting additional ones on or rolling some of the existing

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Speaker 4: ones back.

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Speaker 2: Well, what you've.

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Speaker 3: Seen him do is fine tune the efforts with individual

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Speaker 3: countries or regions like the EU, UK, Japan, for example.

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Speaker 2: I want to.

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Speaker 3: See the consolidate the wins from those agreements that he

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Speaker 3: has done over this first year in the first place. Secondly,

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Speaker 3: you've seen him roll back some tariffs on commodities that

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Speaker 3: we don't make here in the United States, but we

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Speaker 3: need to use, whether it's a fruit or vegetable or

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Speaker 3: a coffee for example.

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Speaker 2: Now I think that makes sense.

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Speaker 3: You don't want to burden the consumer as you're attempting

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Speaker 3: to change trade policies in other countries or compel them

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Speaker 3: to follow Americans lead on something like transnational drug cartel,

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Speaker 3: countering those drug cartels.

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Speaker 2: But on the affordability side least.

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Speaker 3: I think the most important thing we can do is

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Speaker 3: stay focused on the supply side. The one big, beautiful

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Speaker 3: bill last year signed in a law by President Trump

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Speaker 3: will see real wage increases this year for American families

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Speaker 3: in Arkansas, we expect some ten thousand dollars in benefit

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Speaker 3: to a family of four from the increased child tax credit,

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Speaker 3: the lower taxes on tips, the use of the standard deduction,

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Speaker 3: lower taxes on seniors, social Security, so on that supply side,

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Speaker 3: combined with what we're doing on regulations and the proposal

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Speaker 3: I made for housing in the twenty first Century Housing Act.

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Speaker 3: We got three hundred and ninety votes on the House

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Speaker 3: floor for that.

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Speaker 4: This week, I personally would like to boost consumption by

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Speaker 4: taking a flight to a number of places week. And

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Speaker 4: I'm just wondering if TSA is going to be an operation.

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Speaker 4: Is the government going to shut down tomorrow night, Congressman oh.

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Speaker 2: Lisa, I hope not.

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Speaker 3: I I just look, it was so hard on my

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Speaker 3: TSA agency in Little Rock and up in the tower

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Speaker 3: at lit Rock National Airport, the air traffic controllers. That

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Speaker 3: was a bad forty two days. That's not how to

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Speaker 3: run the government. President Trump has used Tom Holman as

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Speaker 3: a leader to consolidate both ICE and CBB operations in Minneapolis.

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Speaker 3: Bring transparency to the operations, streamline it, make sure the

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Speaker 3: training is in place, make sure the operation is consistent

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Speaker 3: with federal law, they're using body cams. Let's take that

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Speaker 3: as the right direction and keep our government funded in

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Speaker 3: homeland security so important to so many people.

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Speaker 1: Congressman, it just fails Massy down in Washington. But you

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Speaker 1: pointed out the housing for the twenty first Century Act.

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Speaker 1: We can get things done. We can find support on

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Speaker 1: both sides. Congressman, what was actually a chief down in

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Speaker 1: Washington And how important is that to you?

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Speaker 3: Well, it's very important, you know, Jonathan. On the properties,

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Speaker 3: I've had to have conservative, center right policy on redirecting

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Speaker 3: regulation and policy for people's investment opportunities, more crowdfunding, more

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Speaker 3: public offerings, community banking, making community banking great again by

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Speaker 3: lowering the regulatory burden on small banks that make sixty

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Speaker 3: percent of the home loans in this country, and now

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Speaker 3: twenty first century Housing.

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Speaker 2: We got three hundred.

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Speaker 3: Votes for those policies, as we did for our digital

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Speaker 3: assets and crypto work last year. That shows that Republicans

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Speaker 3: and Democrats when it comes to economic policy, can get

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Speaker 3: on the same page and pass legislation that President Trump

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Speaker 3: should sign into law that will make.

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Speaker 2: People's lives better.

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Speaker 3: Costs will be brought down, supply chain, supply side capital

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Speaker 3: will advance, and community banking will thrive in this country,

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Speaker 3: and those are all good things.

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Speaker 1: Find a question, Congressman, I've got about twenty seconds. Are

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Speaker 1: you happy you don't have to chair the House Judiciary

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Speaker 1: Committee because that was wild today.

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Speaker 3: Well, I had a pretty wild hearing last week with

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Speaker 3: my ranking member and mister Bessett's testimony, so I know,

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Speaker 3: I know wild, but it was.

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Speaker 2: But that's what happens on KAPAINI.

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Speaker 3: We bring the public and they're elected representatives together to

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Speaker 3: try to find solutions, and they can get spicy sometimes.

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Speaker 1: Congressman, appreciate your time. Thank you, sir, Congressman French Schill,

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Speaker 1: Thank you, Sir Dan in Washington, d C.