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.”