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Senators press USTR on immediate economic pain: 401(k) losses, small businesses, farmers and tourism sectors raise alarms
Summary
Multiple senators warned Ambassador Jason Greer that the administration's tariffs are imposing near-term costs on households, small businesses, farmers and the tourism sector, and pressed for relief and clearer exclusion processes.
Senators from both parties used Wednesday’s Senate Finance Committee hearing to press Ambassador Jason Greer on the immediate economic consequences of the Trump administration's tariff measures, which multiple lawmakers said were already hurting constituents.
Ranking Member Ron Wyden (D-Ore.) opened the questioning by warning that American retirement accounts, investors and the economy were "in purgatory" because of the new tariffs and asked bluntly, "What is the plan?" Wyden and other Democrats cited near-term estimates of household cost increases and warned of job losses and…
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