Wyden Slams Trump’s Sham Trade Deals For Hitting Americans with Billions in New Trade Taxes On Groceries, Electronics and Other Essentials
Washington, D.C. – Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today issued the following statement in response to Trump’s announcement of sham trade deals and new tariff rates that will punish American families and businesses with higher taxes on everyday goods and inputs:
“Don’t be distracted by the noise around Trump’s fake trade deals—after six months of bluster, all Trump has delivered are vastly higher taxes on essential products that Americans buy from other countries, raising the cost of living for the typical family by thousands of dollars a year. Trump is negotiating in secret, and there’s no telling what kind of corrupt self-dealing is going on behind closed doors. The Republicans who were holding out hope that Trump would strike great deals and drop the tariffs were dead wrong on both fronts, and they ought to come around to helping us restrain this chaos from Trump that’s clearly dragging down our economy.
“At my town halls in rural Oregon, I hear over and over again from small businesses that they want off of the tariff roller coaster before the chaos puts them out of business. We cannot spend the next three and a half years at the mercy of Trump’s tariff mood swings.”
A web version of this release is here.
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