- United States
- Okla.
- Letter
The sweeping tariffs announced today by President Trump will inflict significant economic harm and jeopardize American jobs and prosperity. The threat of escalating trade wars and retaliation from other nations risks undoing the economic progress and strong growth achieved in recent years. Unilaterally raising costs on imports will lead to higher prices for consumers on a vast array of goods, eroding purchasing power for American families already grappling with elevated inflation. These tariffs could also provoke a cycle of tit-for-tat retaliation that would disrupt supply chains, impair U.S. exporters, and ultimately constrict economic output. While concerns about unfair trade practices are understandable, blanket tariffs are a blunt instrument that will have severe unintended consequences across multiple sectors of the U.S. economy. There are better ways to address trade issues through multilateral dialogue and negotiations. Unilateral tariff actions represent an abdication of American leadership and a path towards economic isolationism that will damage key industries and undermine the long-term competitiveness of the United States. It is imperative that these destructive tariffs be reconsidered to avoid inflicting self-inflicted wounds on the American economy and American workers.