Wyden: Trump’s Blanket Tariffs Are Economic Poison for U.S. Families, Farmers and Small Businesses
Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., released the following statement on Donald Trump’s announcement of blanket tariffs on products Americans buy from around the world.
“American families need relief from rising prices and stagnant growth, but instead, Donald Trump—with buy-in from Congressional Republicans—is administering economic poison to our economy,” Wyden said. “Trump’s short-sighted tariff plan won’t rebuild American manufacturing or help working families get ahead. It’s a tax on almost everything families buy, so Trump can give his billionaire friends a tax cut. And after Trump spent months flip-flopping about tariffs, no business, large or small, can make investments based on today’s announcement. There is every chance in the world Trump wakes up in a week and decides to do something else.
The Republicans’ trade policy amounts to chaos and uncertainty all the way down, and working Americans are the victims. I plan to lead the effort to repeal these mindless blanket tariffs and give working families the relief from high prices that they need.”
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