Wyden Blasts Trump Tariff Letters: ‘More Trade Taxes, Higher Prices, More Uncertainty.’

Washington, D.C. — Senate Finance Committee Ranking Member Ron Wyden, D-Ore., released the following statement on Donald Trump’s latest round of tariff announcements, and delay of tariffs expected on July 9 until August 1: 

“Donald Trump has extended his tariff purgatory for another month, with more threats of trade taxes, more price-hiking tariffs and more uncertainty. The TACO negotiating tactic pioneered by Trump is making his threats less and less credible and reducing our trading partners’ willingness to even meet us halfway. There’s no sign that he’s any closer to striking durable trade deals that would actually help American workers and businesses.

“Republicans have the power to stop Trump’s lunacy, but they refuse to lift a finger to help American families. If Democrats take back the Senate, I will work to ensure Congress reasserts its constitutional authority over trade, so no future president can launch another unilateral trade war with Americans stuck paying the costs.”

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