Pennsylvania Governor Tom Wolf warned that President Donald Trump’s latest tariff threats on Mexico could backfire, hurting Americans with the largest tax increase in 30 years.
Last week, Pres. Trump tweeted that his administration will impose a 5 percent tariff on all U.S. imports from Mexico and will gradually increase until the illegal immigration stops.
On Monday, Gov. Wolf said American consumers, farmers and manufacturers are suffering because of Trump’s careless approach on trade an economy.
The Governor does not believe that the new tariffs on Mexico will reduce illegal immigration. Instead, he believes that it will worsen the problem.
Gov. Wolf calls Trump’s approach on trade and the economy as “haphazard”
In a statement, Gov. Wolf said, “This haphazard approach on trade and the economy has already negatively impacted our farmers, manufacturers, and consumers. Now, the White House’s latest threats could amount to the largest tax increase in 30 years for U.S. consumers.
He added, “I don’t believe these harsh tariffs on Mexico will curb illegal immigration. By damaging Mexico’s economy further, the plan risks doing the opposite and driving struggling individuals across the border.”
Furthermore, Gov. Wolf noted that Pres. Trump still does not have a clear strategy to resolve the trade war with China, which continues to retaliate, causing pains to Americans. He stressed, “Like the markets, I’ve become more skeptical that a resolution is anywhere in sight.”
Gov. Wolf encourages Trump to deliver his promise
The Governor is encouraging the President to stop playing politics and focused on delivering his promise to make better trade deals.
“It is time to end the chaos. I urge President Trump to drop this new threat, avoid raising costs for U.S. consumers, and focus on negotiating and resolving all fronts of his trade war. It is time to put the politics aside and focus on delivering the better trade deals that were promised,” said Gov. Wolf.