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Stop Escalating Tariffs: Protect Working Families from Rising Costs
Related Article: Why haven't tariffs boosted inflation? This theory is gaining traction - livemint.com - Friday, August 15, 2025, 6:28:53 AM Eastern Daylight Time
Target: U.S. Congress, White House, and U.S. Trade Representative
Goal: Urge policymakers to halt further tariff hikes, maintain critical exemptions, and prioritize policies that protect consumers and workers from rising costs.
Tariffs on imported goods have already raised billions in revenue, but the impact on consumer prices has been muted only because many goods remain exempt or subject to lower rates. However, as the White House threatens to close these loopholes and impose even steeper tariffs—up to 250% on pharmaceuticals and 100% on semiconductors—the cost of everyday necessities is set to rise sharply.
Barclays and other economists warn that as these exemptions vanish, the effective tariff rate paid by importers will increase, leading to higher prices for consumers. Small businesses and working families will bear the brunt of these costs, with companies already announcing price hikes on essential goods. The suspension of the de minimis exemption for low-value imports will further squeeze household budgets.
We cannot allow trade policy to become a hidden tax on the most vulnerable. Instead of escalating tariffs that threaten jobs, small businesses, and affordable access to goods, we demand a fair and transparent approach that puts people first.
Key Demands
- Halt any further increases in tariffs on imported goods, especially essential items like pharmaceuticals, electronics, and household necessities.
- Maintain and expand exemptions for goods critical to working families, including the de minimis exemption for low-value imports.
- Conduct a transparent, public review of the impact of existing tariffs on consumer prices and small businesses before implementing new trade measures.
- Prioritize trade policies that protect jobs, lower costs for consumers, and support small businesses rather than large corporate interests.
- Establish a task force including consumer advocates, labor representatives, and small business owners to advise on future trade policy decisions.
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(C)opyright 2025 - TruthAndResistance.com
(C)opyright 2025 - TruthAndResistance.com