Reed Statement On President Trump’s Price-Raising Tariffs

PROVIDENCE, RI –Today, U.S. Senator Jack Reed issued the following statement on President Trump’s announcement that he will impose tariffs on goods from Canada, Mexico, and China:
“I am focused on bringing prices down, but Donald Trump isn’t. Trump’s tariffs and economic policies are likely to make things like groceries and construction more expensive and place a burden on working families.  There’s no economic or strategic reason to put 25 percent tariffs on Canada and Mexico, while letting China - an actual economic and strategic challenger - face a 10 percent tariff. It’s just another piece of his chaos agenda.
“It’s unclear how effective these tariffs will be, but it’s already clear that American consumers will take a financial hit.  This is a de facto ‘Trump tax’ and it will cost Americans in every state.
“President Trump should take a smarter, more balanced approach to our economy that focuses on helping American families and creating opportunities for sustainable growth.”