Horsford on Tariffs: Donald Trump Owns This Tax

WASHINGTON, D.C. – Congressman Steven Horsford (NV-04) spoke out in defense of Nevada families today as President Trump hit residents of the Silver State and people across the country with withering taxes. 

The announcement comes just days after Trump jarringly dismissed concerns about rising prices for foreign goods:

“I couldn’t care less. I hope they raise their prices.” – Donald Trump, NBC Interview, 3/29/2025

According to White House claims, Trump’s tariffs will amount to the largest tax hike in U.S. history.

Rep. Horsford released the following response:

“No president in American history has taxed the American people this much, this fast, and this recklessly. 

“A tariff is a tax – Donald Trump owns these taxes; he owns the harm they’re inflicting; he owns the financial instability he’s sewing for Nevadans and people across the country. Trump campaigned on lowering costs for Nevadans and people across the country – instead, he’s intentionally making everyday goods more expensive. That’s wrong.”

Months of Trump’s erratic tariff policies and threats against America’s closest trading partners have led to economic uncertainty across the U.S. economy, including – 

• Higher prices on everything from appliances to groceries to gasoline;
• Nearly $5 trillion of lost stock market value imperiling retirement accounts;
• Retaliatory tariffs making it harder for American companies to sell products abroad;
• The prospect of a recession just two months after the Biden-Harris Administration handed Donald Trump an economy at record highs. 

In Nevada specifically, tariff threats have hurt the state economy by suppressing tourism into the state.

Against this backdrop, President Trump announced new tariffs today of at least 10 percent on virtually every coming into the United States, with some countries seeing up to 49 percent levied against their goods.

According to the Tax Foundation, a 10 percent universal tariff will increase taxes on U.S. households by an average of $1,253 annually.

An additional 25 percent global tariff on auto imports – impacting American car companies with global supply chains as well as foreign manufacturers – will take effect tomorrow as well.

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