U.S. Senator Amy Klobuchar (D-MN) released the following statement on President Trump’s announcement of additional across-the-board tariffs on all imports, which are in effect a national sales tax on American consumers, farmers, and businesses.
“The President’s new national sales tax on Americans is reckless, harmful, and could have irreversible consequences. This is the biggest tax increase in a generation, and will increase costs by more than $5,000 a year for the average family. The economic chaos and uncertainty the President is creating is endangering our economy.
“I support targeted tariffs to take on our adversaries, such as those used by the previous Trump, Biden, and Obama administration to counter China’s steel dumping. But the President’s across-the-board tariffs will only raise costs, hurt businesses, and eliminate jobs.”
Earlier tonight, the Senate passed Klobuchar’s bipartisan bill with Senators Tim Kaine (D-VA) and Mark Warner (D-VA) to undo President Trump’s across-the-board tariffs on Canadian goods. The administration is imposing a 10 percent tariff on energy from Canada and a 25 percent tariff on other goods. Along with Klobuchar, Kaine, and Warner, the legislation is cosponsored by Senators Chris Van Hollen (D-MD), Angus King (I-ME), Sheldon Whitehouse (D-RI), Chris Coons (D-DE), and Rand Paul (R-KY).
Specifically, the senators’ legislation would work by terminating the President’s February 1 declaration that President Trump used to launch his trade war with Canada, and thus eliminate the tariffs on Canadian imports as a result. The declaration invoked the International Economic Emergency Powers Act (IEEPA), an unprecedented use of that law in its nearly 50-year history to justify across-the-board tariffs on a longstanding U.S. ally.
Senator Klobuchar spoke about this bill on the Senate floor. A video can be found HERE.
