1. United States
2. Ind.
3. Letter

These sweeping tariffs have already caused trillions in paper losses to retirement accounts and investments. Independent analyses project they could cause a recession, with GDP contracting and unemployment rising above 5% as higher prices erode real income growth. Our competitive position and financial standing will be undermined as other nations retaliate and seek alternative trade partners. Rather than escalating protectionist policies that risk isolating us, we should pursue fair but open trade agreements that expand markets for American goods and services. Unilateral tariffs are an overly blunt instrument that will boomerang back to harm American workers, businesses, consumers, and drain more value from our retirement funds. I urge reconsideration of this reckless path of economic self-sabotage.