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The Joint Economic Committee – Minority released a new report demonstrating the harmful effects of President Trump’s tariffs and the ensuing economic uncertainty on middle class jobs in particular. The report outlines the hollowing out of middle class jobs, decline in overall job growth, and spike in continued unemployment claims following Trump’s reciprocal tariff announcements.
WASHINGTON – As part of her ongoing effort to measure the impact of President Trump’s steel and aluminum tariffs on grocery costs, Joint Economic Committee Ranking Member Hassan (D-NH) is requesting information from Amazon about the impact of tariffs on prices. Her inquiry to Amazon follows recent reporting that Amazon has raised prices on more than 1,200 basic household and grocery items since the beginning of the Trump administration.

Ranking Member Hassan wrote, “High grocery prices are a top economic concern for Americans, and experts state that tariffs could significantly increase the cost of canned foods. Experts have also noted potential impacts from tariffs on the costs of shelving, equipment, transportation, and other inputs that grocery stores and their suppliers need to operate, which, in turn, could also lead to higher food prices for customers.”

Ranking Member Hassan also pointed out Amazon’s unique and substantial role in the grocery retail market: “As Amazon is the second-largest employer and the second-largest digital grocery retailer in the United States, information from your company can help Congress and the American people assess food cost increases for consumers, as well as the related consequences for employment and businesses in the grocery supply chain.”
WASHINGTON – U.S. Senator Maggie Hassan (D-NH), as Ranking Member of the Joint Economic Committee, is leading an effort to assess the impact that President Trump’s steel and aluminum tariffs will have on grocery costs for everyday Americans. Senator Hassan today sent letters to Albertsons, Dollar General, Walmart, Costco, and Kroger seeking details that will help Congress and the public better understand the impact that these tariffs will have on the cost of food for families, as well as on companies and workers in the grocery supply chain.
The Joint Economic Committee – Minority released a new report today finding that the combination of President Trump’s tariffs and the Republican budget bill will cost the typical firefighter, teacher, truck driver, and other middle class workers hundreds of dollars next year, while the wealthiest Americans will get massive windfalls.