Washington, D.C. - As President Trump delivers on his promise imposing tariffs to make America more secure, working families can count on coal, oil, and natural gas workers to keep prices reasonable. During his first term, President Trump effectively used tariffs as part of American economic power while keeping energy costs low and increasing household income. In contrast, the Biden Administration orchestrated an all-out attack on American energy causing costs to increase nearly 20 percent while household income rose only 1.3 percent.
”The facts are clear: America’s energy workers provide the economic strength ensuring we can use tariffs to keep us safe while keeping prices in check,” said Daniel Turner, Founder and Executive Director for Power The Future. “Joe Biden ignored the importance of trade leverage while begging OPEC to produce more oil, all while prices skyrocketed and at the same time, every critic now going after President Trump was silent. With these tariffs, President Trump is not only prioritizing American safety, but also our energy economy and the critics now pretending to care about prices are only panicking because their failures of the last four years are undeniable.”
In 2018 and 2019, President Trump imposed billions in tariffs, including those on Chinese goods. At the time, Senate Minority Leader Chuck Schumer (D-NY) praised President Trump’s tariffs saying, “It’s going to take a little bit of toughness at the beginning. China will bark back. But they need us more than we need them — President Trump is right about that — and we should be strong. So I thought what he did on China is right.”
During that time, the average inflation rate was 2.13 percent.
Power The Future is a 501c4 non-profit dedicated to fighting for American energy workers.
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