February 04, 2025

Statement by Senator Warren on China Tariffs

Washington, D.C. – United States Senator Elizabeth Warren, ranking member of the Senate Banking, Housing and Urban Affairs Committee and a member of the Senate Finance Committee released the following statement on China’s announcement of retaliatory actions to President Trump’s tariffs today:

“Tariffs are a tool to help strategically grow American industry. I’m concerned that President Trump is stumbling into a trade war that isn’t designed to protect American jobs or industry while giving corporations cover to raise prices on working families.

“On top of that, the President is holding up critical bipartisan investments to shore up our energy security and is attempting to gut the Inflation Reduction Act tax credits that would eliminate China’s leverage over our critical mineral supplychains. Beijing understands that and is exploiting our weakness. In addition, the President hasn’t strengthened our export controls with China, despite having concrete bipartisan ideas, like those Senator Hawley and I have proposed. President Trump is focused on bluster and photo ops while China is focused on winning. Congress will conduct rigorous oversight of how the President uses tariffs as a tool, and we – and the American people – will hold him accountable.”