Press Releases

Congressman Steven Horsford (NV-04) led a letter to the heads of ten major companies, calling for transparency and accountability to ensure that looming tariff refunds reach the working families who ultimately paid higher prices at the checkout counter.

Today, Congressional Black Caucus Chair Yvette D. Clarke (NY-09) and members of the Congressional Black Caucus issued the following statement:

“President Donald Trump has spent years promising to put hardworking families and small businesses first, but his trade war has done the exact opposite. As a result of his illegal tariffs, the cost of goods and services has skyrocketed for the average consumer and business owner.

“Following a Supreme Court ruling holding that the International Emergency Economic Powers Act does not authorize the president to unilaterally impose tariffs, the Trump administration must now refund $175 billion. As it stands, there is no mechanism to ensure that the families and consumers most harmed by these illegal trade policies will receive the refunds they deserve. It is imperative that Congress take action to ensure these refunds are accessible to the families and small businesses that were forced to bear these higher costs.

“The Congressional Black Caucus applauds Chair Emeritus Rep. Steven Horsford for his leadership and amplifies his calls for greater transparency and accountability for corporations that, without congressional action, could be the primary beneficiaries of these refunds. We cannot rely solely on the goodwill of corporations to look out for the average consumers who make their profits possible.”