HR0119 104TH GENERAL ASSEMBLY

HR0119 LRB104 12115 LAW 22214 r

HOUSE RESOLUTION

WHEREAS, President Donald Trump's recklessly proposed tariffs plans would raise costs on Illinois families; and

WHEREAS, Estimates from the Peterson Institute for International Economics indicate President Trump's trade plan would increase the cost of living when American families can least afford it; his agenda would cost every family up to $2,600 in new expenses every year for everyday purchases, including groceries, gas, utilities, and other goods; and

WHEREAS, Economists project that President Trump's trade plans will result in greater inflation for the United States; and

WHEREAS, Illinois' farming communities would be among the hardest hit; during the first Trump Administration, a chaotic and unsuccessful "trade war" instigated by President Trump decimated international demand for American soybeans and other agricultural products, boosting the prospects of countries like Brazil and Argentina while hurting the bottom line of American farmers and raising domestic grocery costs; economists anticipate his current trade agenda could double the cost of some foods; and

WHEREAS, American manufacturers and emerging technologies, such as microchips, would fall behind as a direct result of President Trump's trade plans, crushing emerging markets here in Illinois and denying economic opportunities for families; and

WHEREAS, Even as President Trump scrambles to pause his misguided and costly trade plans, Illinois families are feeling the burden, as the initial prospect of his agenda sent markets into a steep decline, and this instance of flailing leadership denies businesses the stability they need to succeed; and

WHEREAS, President Trump himself has acknowledged that there will be pain, stating, "We may have in the short term, a little pain, and people understand that"; and

WHEREAS, Illinois families would be uniquely impacted due to this State's longstanding business relationships with Canada and Mexico; and

WHEREAS, According to the Illinois Department of Commerce and Economic Opportunity, Canada and Mexico are Illinois' top export partners; and

WHEREAS, Our multibillion-dollar trade relationship with Canada and Mexico impacts thousands of Illinois jobs, jobs that could be recklessly put at risk; and

WHEREAS, President Trump's proposals have generated significant instability in the marketplace; and

WHEREAS, A misguided trade plan will weaken the United States' reputation and credibility across the globe; therefore, be it

RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE HUNDRED FOURTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that we call upon President Donald Trump to abandon his reckless plans that would raise costs on Illinois families and businesses; and be it further

RESOLVED, That suitable copies be delivered to President Donald Trump and members of the Illinois Congressional Delegation.