- United States
- N.Y.
- Letter
The Trump administration's tariffs have caused profound economic harm and must be stopped. The stock market has lost trillions in value since Trump's tariff policies were implemented, erasing gains seen after his election. While Wall Street is not the same as Main Street, forecasts of a potential recession show these tariffs are damaging businesses and consumers across America. Tariffs have driven up costs for producers who import goods, squeezing profit margins. They have disrupted vital supply chains, impacting industries from agriculture to manufacturing. American consumers are paying higher prices on everyday items like groceries. The promised benefits of more manufacturing jobs and better trade deals have failed to materialize. Rather than this damaging "economic detox," we need policies that strengthen American competitiveness and avoid needless harm to businesses and households. The tariffs are counterproductive and must be lifted before they cause further, irreparable damage to the national economy. Economic security and growth should be the priorities, not an ideological trade war. I urge you to take action to stop these destructive tariff policies.