Guno צְבִי
We fight, We win, Am Yisrael Chai
Tariffs could cost average Kentuckian $1,200 a year
In Kentucky, local storeowners are already hearing about their suppliers’ prices going up. One estimate suggests the president’s tariffs could cost the average Kentuckian up to $1,200 each year. And it’s not just about rising prices here at home. During the last Trump administration, retaliatory tariffs from trade partners set off a broader trade war that hit wide swaths of American industry, from agriculture to manufacturing to aerospace and motor vehicles to distilled spirits. Already, Canada announced retaliatory measures that take direct aim at Kentucky production, targeting products like peanut butter and whiskey.As Sen. Rand Paul, put it: “Tariffs are simply taxes… Taxing trade will mean less trade and higher prices.” So Republicans ought to be clear-eyed about the full, unadulterated impact of tariffs as we work to restore sound fiscal policy to our government.
Blanket tariffs make it more expensive to do business in America, driving up costs for consumers across the board. These aren’t just abstract concerns. Broad-based tariffs could have long-term consequences right in our backyard. Consider our state’s 75,000 family farms that sell their crops around the globe, or the hardworking Kentuckians who craft 95% of the world’s bourbon, or our auto industry that relies on global supply chains to support the livelihoods of thousands of workers in the commonwealth.
Mitch McConnell: Kentuckians can't afford the high cost of Trump's tariffs
Trump administration tariffs could have long-term consequences for Kentucky farmers, bourbon companies, the auto industry and consumer prices.