Paul Ryan: U.S. needs a "more surgical" approach to tariffs

"The president is right to point out that there are abuses ... there's a big overcapacity problem. Let's go focus on that, let's go focus on the abusers of that. And that is why we think that the proper approach is a more surgical approach so that we don't have unintended consequences. "

What's next: Ryan said that House Ways and Means Chairman Kevin Brady is focusing on this approach and is working with the administration to draft new solutions to the tariff issue. [Paul Ryan's not-so-subtle message to Trump on tariffs hitting stocks]