Overview

• 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.