Rep. Scott Perry (R-PA) told Newsmax on Tuesday that despite Democratic opposition, President Donald Trump’s tariffs are already showing positive economic results.
The S&P 500 posted its third consecutive gain on Tuesday following an initial period of decline as global markets adjusted to Trump’s reciprocal tariffs on imports. Perry noted that while media reactions have been skeptical, the stock market is recovering, and U.S. businesses are benefiting.
“The stock market went down for two days. Now it’s up. And you see the result of these companies coming back to the United States of America,” Perry said during an appearance on The Chris Salcedo Show.
Since returning to office, Trump has successfully persuaded numerous international companies to invest trillions in the U.S. over the next several years. Perry emphasized that Trump’s primary goal is to restore American manufacturing.
“When I was growing up, every little town where I lived had some industry. And over the course of my lifetime, all those industries closed up and moved overseas,” Perry said. “That’s the leftist policies and swamp policies hollowing out America. The president doesn’t agree with that, and he’s working quickly and diligently to turn that around.”
Perry also pointed to new trade deals that prioritize American workers and incentivize domestic production. He argued that by enforcing fair trade agreements, Trump is leveling the playing field for U.S. companies and preventing foreign competitors from undercutting American industries. These policies, Perry said, will lead to long-term job creation and economic stability.
Additionally, Perry criticized previous administrations for allowing the outsourcing of key industries, particularly in the manufacturing and technology sectors. He highlighted Trump’s efforts to rebuild these industries by imposing tariffs on foreign goods and providing tax incentives to companies that relocate production to the U.S. “This is about national security as much as it is about the economy,” Perry stated.
