Nancy Pelosi, 52n Speaker of the House, is of the opinion that, President “Donald Trump’s reckless tariffs will chaos in our economy.”
Pelosi’s statement is coming following Trump’s “steep tariffs” on many countries including, China, Canada, the European Union (EU), Taiwan among others.
According to cnbc.com:
President Donald Trump signed an aggressive and far-reaching “reciprocal tariff” policy at the White House.
Trump said his plan will set a 10% baseline tariff across the board.
The plan imposes steep tariff rates on many countries, including 34% on China, 20% on the European Union, 46% on Vietnam and 32% on Taiwan.
Nancy Pelosi said: “Donald Trump’s reckless tariffs will cause chaos in our economy, raise prices for consumers and hurt hardworking American families.
“This is not a strategy — it’s the largest tax hike on the American people in history.”
