Pence on Trump tariffs: Largest peacetime tax hike in U.S. history'
thehill.com
... Former Vice President Mike Pence warned about the economic and political risks of the Trump administration's sweeping reciprocal tariffs on other nations, calling them the "largest peacetime tax hike in U.S. history."
Pence, who served alongside President Trump during his first term, posted on the social platform X following Wednesday's announcement that the tariffs "are nearly 10x the size of those imposed during the Trump-Pence Administration and will cost American families over $3,500 per year."
The former vice president cited data from his advocacy group, Advancing American Freedom, which made the case that tariffs and uncertainty around the economy contribute to layoffs.
Pence's advocacy group also noted that a recent YouGov/Yahoo poll found Trump's approval rating on the economy was just 39 percent.
"American families are still reeling from 20% Bidenflation. An equally large Trump Tariff Tax will hurt families and make them look elsewhere come the next election," Advancing American Freedom stated in a memo on the tariffs. ...
