Wyden Statement on Trump’s Latest Threat to Raise Prices on American Families
Senate Finance Committee Chair Ron Wyden, D-Ore., today issued the following statement in response to Donald Trump’s announcement that 25 percent tariffs on everything Americans buy from Canada and Mexico will go into effect next week, and tariffs on products from China will increase to 20 percent:
“Trump is driving the U.S. economy straight into a wall and expecting American families to serve as human crash test dummies. Slapping tariffs on everything Americans buy from Canada, Mexico, and China will mean higher prices on groceries, gas and cars, with fewer jobs and lower pay when our closest trading partners respond to Trump’s trade war by buying fewer American products.
“Anyone who voted for Donald Trump because they wanted lower prices and a fairer economy has a right to feel betrayed by his economic sabotage. And it is hard to see why any foreign leader would make a deal with someone who changes his mind daily and can’t stick to agreements from month to month. ”
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