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 such tariffs act as taxes on imports, ultimately leading to higher prices for consumers and businesses. The resolution cites a study indicating that previous tariffs have resulted in increased costs of goods, disruptions in supply chains, and a complete pass-through of tariffs into domestic prices.

Furthermore, the resolution points out that the economic burdens imposed by these tariffs threaten to raise the cost of living for New Jersey residents and increase operating costs for businesses, potentially reducing employment opportunities and overall economic output in the state. 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 sweeping tariff policies. Consequently, the General Assembly of New Jersey formally opposes President Trump's current and proposed tariffs and plans to communicate this stance to federal officials.