The administration’s new tariffs threaten to spark a global trade war.
Canada, Mexico, the EU, and China have already retaliated or announced plans to retaliate with billions of dollars in tariffs on
American-made products.
Tariffs imposed by the United States are nothing more than a tax increase on American consumers and businesses, including
manufacturers, farmers, and technology companies, who will all pay more for commonly used products and materials.
Retaliatory tariffs imposed by other countries on U.S. exports will make American-made goods more expensive, resulting in lost
sales and ultimately lost jobs here at home.
This is the wrong approach, and it threatens to derail our nation’s recent economic resurgence.