Tariffs Hurt the Heartland
The
trade war has gone on for far too long
The
costs have grown far too high
Tariffs
Hurt the Heartland, the national campaign comprised of over 150 of America’s
largest trade organizations from across retail, tech, manufacturing and
agriculture, released the statement after the Trump administration released a
list of $300 billion in additional products they plan to place tariffs on.
“As
the White House’s top economic advisor has acknowledged, tariffs are taxes paid
by American businesses and consumers – not foreign governments. This latest
escalation means the trade war will only get worse and hit home for every
American.
Forcing
American consumers to pay more for clothes, shoes, toys, electronics and even
food, while making it more difficult for exporters to compete, will do nothing
to hold China accountable. Farmers, low-income consumers and small businesses
will be disproportionately impacted at a time when every sale and every dollar
counts.
“The
trade war has gone on for far too long, and the costs have grown far too high.
The patience of farmers, manufacturers, businesses and consumers is wearing
thin. There is no excuse for patience from members of Congress either.
“As
we’ve said all along, we support the administration’s goal of reaching an
agreement with China that addresses unfair trading practices. Tariffs are the
wrong way to do it, and the proof is growing every day. To put more pressure on
China, we need to work with our trading partners across the globe who share our
same concerns, deploy creative alternatives to tariffs and look to agreements
that set higher standards for trade in Asia, like the Trans-Pacific
Partnership.
“We
encourage the administration to consider the impact to American families of
allowing the trade war to escalate further. Tariffs are cumulative, which means
that Americans will pay tariffs as high as 57 percent on clothing. We urge both
countries to get the negotiations back on track. A prolonged trade war is in
neither country’s best interest.”
A
study commissioned by Tariffs Hurt the Heartland and prepared by Trade
Partnership estimated that imposing tariffs of 25 percent on all remaining
imports from China, combined with the impact of retaliation, would jeopardize
more than 2 million American jobs, cost the average U.S. family of four nearly
$2,300 each year and reduce the value of U.S. GDP by 1 percent.
The
database of over 500 stories of businesses, consumers, farmers and families
being impacted by tariffs across the country is a searchable & available
for a view at Tariffs Hurt the Heartland.
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