Brad Sherman actually said...
If we had a 1/4 percent tariff--just 1/4 percent tariff--on all Chinese goods, and we increased it by 1/4 percent every month, then companies that fail to disengage from China would find a--they would be at a 40 percent disadvantage by the end of the decade.
Context
Sherman proposes a gradual tariff increase to incentivize companies to disengage from China.
05/17/2023