Washington, D.C. — Today, the U.S. Supreme Court ruled that President Trump exceeded his authority to impose the broad, misguided reciprocal tariffs that he put in place in April. Following the ruling, U.S. Senator Jeff Merkley (D-OR), Ranking Member of the Senate Budget Committee, released the below statement.
“Today is a win for farmers, small businesses, and hardworking, middle-class families across the country,” said Ranking Member Jeff Merkley. “For months, Trump’s illegal and chaotic tariffs have harmed American consumers and businesses, leaving them to foot the bill for rising prices due to Trumpflation. While Trump continues his ‘families lose, billionaires win’ agenda, we’re using every tool at our disposal to fight back against his reckless policies and build an economy where families thrive, and billionaires pay their fair share.”
In June, the Congressional Budget Office told Merkley that if the Trump Tariffs were to remain in place, they would slow economic growth, boost inflation, and hurt working- and middle-class families. These tariffs have amounted to a regressive $2.5 trillion tax hike on American families.
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