Hinson defended Trump’s tariffs and claimed that the “tariffs are working” even though an Iowa economist warned “we’re all going to be poorer.” Tariffs are contributing to higher food prices, higher costs for researchers, and were hurting Iowa farmers.
As a result of Trump’s trade war, China had stopped buying Americans soybeans and instead started buying them from Brazil. China had previously been the biggest buyer of American soybeans.
2025: Hinson Voted To Disapprove An IRS Rule That Established Reporting Requirements For Digital Asset Proceeds. In March 205, Hinson voted for , “the bill that would provide for Congressional disapproval of, and nullify, a December 2024 IRS rule related to gross proceeds reporting by brokers involved in digital asset sales. The rule imposed reporting requirements, beginning in 2027, on non-custodial barkers who participate in the decentralized digital asset market. It also required brokers to file information returns and provide payee statements reporting gross proceeds from certain digital asset sales and transactions.” The vote was on passage. The House passed the bill by a vote of 292 to 132. [House Vote 71, 3/11/25; Congressional Quarterly, 3/11/25; Congressional Actions, H.J. Res. 25]
[VIDEO] Hinson Claimed That The Tariffs Were “Working.” “ Hinson added, ‘I think this is indicative that these tariffs are working and we're seeing those trade deals come to fruition. They're getting people to the table, and it's positive economic news for our country as well. Inflation's under check.’” [FBN: Varney & Co., 7/15/25]
Hinson Claimed That Things Were “Moving In The Right Direction” When It Came To Trump’s Trade Policies. According to the Des Moines Register, “Republican U.S. Senate candidate Ashley Hinson says things are ‘moving in the right direction’ when it comes to President Donald Trump's trade policies.” [Des Moines Register, 10/28/25]
Tariffs On Food Imports Were Likely To Lead To Higher Food Prices For Consumers. According to the Tax Foundation, “However, a variety of food imports are also impacted by the tariffs, and these will likely lead to higher food prices for consumers.” [Tax Foundation, 7/28/25]
Tariffs Were A Tax On Imported Goods And Serves That Were Paid By Domestic Companies Which Causes Consumers To Pay Higher Prices. According to CNBC, “Tariffs are a tax imposed by foreign nations, paid by domestic companies that import goods or services. U.S. consumers are expected to pay higher prices via companies negatively impacted by the trade policy.” [CNBC, 7/29/25]
Tariffs Were A Tax And U.S. Consumers Were Likely To Pay For Part Of The Cost. According to the Associated Press, “Tariffs are a tax, and U.S. consumers are likely to foot at least part of the bill. The Budget Lab estimated that prices will increase 1.8% in the short term as a result of the trade war the U.S. waged this year. That’s the equivalent of a $2,400 loss of income per U.S. household, the group said.” [Associated Press, 8/1/25]
Grocery Retailers Cited Trump’s Tariffs As Justification For Passing The Costs Of The Tariffs Onto Consumers. According to Common Dreams, “In earnings calls and public statements, executives of many of America's largest and most profitable grocery retailers are citing Trump's tariffs as justification for passing on the costs to consumers, according to a new report released on Tuesday by Accountable.US.” [Common Dreams, 8/26/25]
U.S. Companies Planned To Raise Prices Due To Tariffs. According to the Wall Street Journal, “Companies including Hormel Foods, J.M. Smucker and Ace Hardware said this week they would raise prices for reasons ranging from higher meat costs to tariffs.” [Wall Street Journal, 8/28/25]
Iowa Farmers Were Concerned That The Biggest Buyers Of U.S. Corn, Soybean And Other Farm Goods Would Look Towards Brazil, Argentina And Other Competitors. According to Des Moines Register, “Iowa farm leaders say they understand that among Trump’s goal in imposing the sweeping tariffs is reducing the U.S. farm trade deficit and lowering foreign trade barriers. But they worry the biggest buyers of U.S. corn, soybeans and other farm goods will look to Brazil, Argentina and other competitors for products.” [Des Moines Register, 4/4/25]
Iowa Relies Heavily On Exporting Agricultural Goods. According to Iowa Public Radio, “Iowa — a top producer of corn, soybeans and pork — relies heavily on trade. Export markets consume roughly half of U.S. soybeans, more than a quarter of pork products and around 15% of the country’s corn.” [Iowa Public Radio, 4/8/25]
President Of The Iowa Association Of Business And Industry Claimed That Tariffs On Iowa-Made Products Could Reduce Market Access And Put Over 226,000 Jobs At Risk. According to the Des Moines Register, “Nicole Crain, president of the Iowa Association of Business and Industry, said in an email the group appreciates Trump’s focus on deregulation and a competitive tax climate. But tariffs on ‘Iowa-made products and agriculture goods can reduce market access and put the jobs of over 226,000 Iowans at risk,’ said Crain, urging the administration to ‘remove barriers, strengthen global trade relationships and create opportunities for Iowa manufacturers to thrive.’” [Des Moines Register, 4/4/25]
The Owner Of The T-Shirt Retailer Raygun, Mike Draper, Claimed That Tariffs Could Impact His Business. According to the Des Moines Register, “Mike Draper owner, owner of the Des Moines-based T-shirt and novelty retailer Raygun, said the tariffs will likely have an impact on his business. Most of the shirts it imprints with its satirical messages come from Mexico, the U.S., Nicaragua and Honduras — though not China and Vietnam, where the tariffs being imposed are much steeper. Still, Draper said it was not yet clear Thursday what kind of reciprocal tariffs might be put in place by countries like Mexico.” [Des Moines Register, 4/4/25]
The Owner Of “Prime And Providence” Claimed That Some Of The Foreign Ingredients They Rely On Could Be Too Expensive. According to KCCI, “People in the restaurant industry are sharing concerns about how tariffs could impact them. Restaurants like Prime and Providence in West Des Moines relies on foreign ingredients for their dishes. Dominic Iannarelli, the owner and chef of Prime and Providence, said the tariffs could make Japanese beef prohibitively expensive. ‘Could, in turn, almost price it out of the market,’ Iannarelli said.” [KCCI, 4/8/25]
The CEO Of Iowa Restaurant Association Claimed That The Tariffs Caused Uncertainty And Placed Restaurants In A Tough Situation. According to KCCI, “Jessica Dunker, the CEO of the Iowa Restaurant Association, says the tariffs cause a lot of uncertainty and put restaurants in a tough spot. ‘When you look at tariffs, perishable goods are the places you are going to see tariffs impact the fastest,’ Dunker said. ‘We have to weigh heavily, how are we going to balance what we’re offering what we’re able to produce and how tariffs will impact what we continue to offer.’ Dunker added that uncertain consumer confidence, and decreased foot traffic, are also affecting the restaurant industry.” [KCCI, 4/8/25]