- United States
- Ill.
- Letter
The sweeping tariffs imposed by President Trump have sent shockwaves through financial markets, leading to a severe sell-off that has wiped out nearly $2 trillion in market value from the S&P 500 index alone. This reckless protectionist move threatens to ignite a destructive trade war, stoke rampant inflation, and potentially plunge the economy into a recession. American investors and workers are bearing the brunt, with retirement accounts and life savings eroding at an alarming rate. It is imperative that Congress exercises its constitutional authority as a co-equal branch of government to rein in the executive overreach exhibited by these unilateral tariffs. No single individual should wield such immense power to upend the global economic order and jeopardize the financial security of millions of Americans on a whim. Lawmakers must take decisive action to curtail the president's tariff powers and protect the nation's economic interests before further, irreparable damage is inflicted. The risks of inaction are far too grave.