Oregon State Treasurer urges Trump administration to halt tariffs, preserve financial stability for Oregonians

Oregon – Oregon State Treasurer Elizabeth Steiner recently expressed concerns about the potential impact of proposed tariffs on Oregon households and the broader financial stability of the state. In a statement, Steiner called on the Trump administration to remove costly tariffs from the table and ensure the integrity of the federal payment system. She highlighted the increasing financial pressure on Oregon families and emphasized the detrimental effects of tariffs on everyday goods.

According to a new report from the Oregon State Treasury, nearly half of Oregon households are not financially prepared for unexpected expenses over $500. Steiner pointed out that the proposed tariffs on Canada, Mexico, and China would increase costs for American consumers by $800 to $1,200 per year, placing additional strain on households already struggling with the high cost of living. These hikes could affect everyday essentials like groceries, gas, and clothing, further exacerbating the financial challenges faced by Oregonians.

Steiner also voiced concerns about other actions taken by the White House, such as attempts to freeze more than $40 billion in federal funding that benefits Oregon’s state budget and essential services. This includes funding for veterans, Social Security payments, public lands management, and other vital programs. Additionally, the administration’s messaging to civilian federal employees in Oregon about potential resignations and the unvetted access to the federal Treasury payment system raised alarms about security risks and the stability of federal financial operations.

In her statement, Steiner urged the White House to reconsider its approach, halt the tariffs, and prioritize the financial security of Oregon residents. She emphasized the importance of maintaining the steady flow of federal funds and safeguarding the financial well-being of Oregonians and Americans alike.