Mike Pence Criticizes Trump's Tariff Plan as 'Largest Peacetime Tax Hike in U.S. History'

The former vice president warns of severe economic and political fallout, including higher costs for families, job losses, and risks to Republican electoral prospects.

• Mike Pence has sharply opposed Donald Trump's proposed 10% tariff on all imported goods, calling it the largest peacetime tax hike in U.S. history.
• Pence highlighted that the tariffs could cost American families over $3,500 annually, with significant increases in prices for major purchases like cars and homes.
• The tariffs are projected to result in job losses across key industries, with layoffs already announced in steel, manufacturing, and semiconductor sectors.
• Pence warned that the tariffs could negate the benefits of the 2017 Trump-Pence tax cuts for the bottom 40% of workers and harm real family incomes.
• As part of a broader effort to distance himself from Trump, Pence argued that the economic strain from the tariffs could jeopardize Republican chances in upcoming elections.

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