New

Maryland Officials Demand $4b Tariff Reimbursement From Trump

Several Maryland officials demanded that President Donald Trump issue a $4 billion tariff reimbursement after the Supreme Court struck down Trump’s global tariffs imposed under the International Emergency Economic Powers Act (IEEPA). In a joint letter addressed to Trump from Gov. Wes Moore (D-MD), Maryland Comptroller Brooke E. Lierman, and Maryland State Treasurer Dereck E. Davis, Maryland was described as being a “state built on trade, innovation, and hard work.” The letter also claimed that data from the U.S. Joint Economic Committee estimated that “the Trump Administration’s tariff actions cost American consumers approximately $1,744 per household.” The letter added that “accounting for Maryland’s approximately 2.4 million households,” it is estimated that businesses and consumers in the state “bore an estimated $4 billion in direct and indirect tariff-related costs.” “When your Administration imposed these tariffs, Maryland businesses were forced to respond,” Moore and the other officials said. “Companies that important good paid directly at the border; those that rely on imported materials, equipment, and components absorbed higher input costs. In both cases, those costs were passed along to consumers, raising prices for working families already confronting a difficult cost of living.” The letter continued: The financial toll on our state has

The post Maryland Officials Demand $4B Tariff Reimbursement from Trump appeared first on Breitbart.

Back to Listing

credit:

Maryland Officials Demand $4b Tariff Reimbursement From Trump

Popular Products