The resolution expresses strong opposition to President Trump's tariff policy on imported products, which includes a 25 percent tariff on steel and aluminum, a similar tariff on cars and auto parts, and a 10 percent universal import duty on all products. It highlights the uncertainty these tariffs create in global markets and emphasizes that tariffs act as taxes on imports, leading to increased prices for consumers and businesses. The resolution cites a study indicating that the tariffs have already resulted in higher costs of goods, disruptions in supply chains, and a negative impact on the availability of imported products.

Furthermore, the resolution points out that the increased costs associated with these tariffs will adversely affect the cost of living for New Jersey residents and raise operating costs for businesses in the state. It warns that these economic burdens could lead to reduced employment opportunities and a decline in the state's overall economic output. Given New Jersey's diverse economy and its status as a major container port, the resolution underscores the state's vulnerability to the destabilizing effects of such tariff policies and calls for the transmission of this opposition to key federal officials.