1. United States
2. N.Y.
3. Letter

The recent market turmoil and economic downturn caused by the escalating trade disputes have had a devastating impact on many Americans' retirement savings. According to reports, the U.S. economy has lost nearly $10 trillion in value in just a few days, and individual retirees have seen their 401(k) accounts shrink by staggering amounts, with some losing almost $100,000 in just three days. This financial upheaval is unacceptable and unsustainable. Congress must take immediate action to assert its constitutional authority over tariffs and taxation to rein in the administration's reckless trade policies that are inflicting severe damage on the economy and the financial well-being of countless Americans. The livelihoods and retirement security of millions of citizens are at stake. Urgent measures are needed to restore stability, protect American workers and retirees, and prevent further economic catastrophe.