Public Statement in Favor of Free Trade and Against Tariffs

America’s Prosperity and the Impact of Tariffs

For 250 years, the United States of America has thrived on principles of entrepreneurship and voluntary economic exchange. This foundation has led to increasing abundance, higher standards of living, and greater economic and military security. However, since 2025, the Trump Administration has implemented protective tariffs through executive decrees, causing global economic uncertainty and chaos.

The imposition of tariffs, touted as acts of ‘economic liberation,’ actually contradict the principles of liberty that have historically driven American prosperity. America’s Founding Fathers rejected Mercantilism and favored free trade, as highlighted by Thomas Jefferson’s call for the exercise of free trade in 1774 and the Declaration of Independence’s protest against trade restrictions.

The “Trade and Tariffs Declaration: A Statement on the Principles of American Prosperity,” spearheaded by economists Don Boudreaux and Phil Magness, emphasizes the detrimental effects of tariffs on the American economy. Economists and academics from various disciplines have signed the declaration to oppose the escalation of protectionist measures.

If you are an economist, you can sign the declaration to show your support. Other academics and individuals can also advocate against tariffs without being listed. The declaration underscores the interconnected nature of the global economy, with nearly two-thirds of American imports serving as inputs for domestic production.

Visit the official website to read the full declaration and join the movement against harmful tariffs. Let’s uphold the principles of American prosperity and promote free trade for the betterment of our economy and society.