Apr 12, 2018

Freedom Partners & AFP Statement to House Ways and Means Committee: Tariffs Are Lose-Lose

Post by Freedom Partners

Arlington, VA – In a statement submitted to the House Ways and Means Committee today, Freedom Partners Chamber of Commerce and Americans for Prosperity reiterated their opposition to tariffs and urged policymakers in Washington to continue to implement policies that promote economic freedom and increase competition amongst U.S. companies.

Freedom Partners Executive Vice President Nathan Nascimento and AFP Senior Policy Fellow Alison Acosta Winters emphasized the harmful affects of tariffs, writing, “Rather than opening markets, tariffs are punitive measures that close access to U.S. markets and so represent a step backward. They harm American workers, consumers, and businesses and those of our trading partners in the process.”

“…Trade between individuals, companies, and countries, helps promote well-being and prosperity.  It provides access to a rich array of goods and services for both trading partners… Opening markets is a net win-win and we should continue to work with other countries to unwind problematic trade policies.

“…punitive trade policies like tariffs have huge costs on consumers and industries, like manufacturers, which use imports in their business. These costs outweigh the benefits for the small, select group of so-called winners…Trading partners often respond with tit-for-tat retaliatory measures that can quickly escalate into a full-blown trade war that could sharply constrict trade. In today’s global economy, the damage would be significant.

“Washington policymakers are purportedly considering new measures to protect farmers, including tapping depression-era programs like the Commodity Credit Corporation. However, we would strongly oppose such an approach as ill-advised and expensive. Moreover, farmers just want to be able to engage in trade without harmful tariffs or additional convoluted government aid such as price supports.

“Tariffs are lose-lose – they harm our country and our trading partners. There are other solutions…”

Over the past several weeks, Freedom Partners and Americans for Prosperity have expressed strong and consistent opposition to tariffs in any form. Freedom Partners released a statement condemning tariffs on steel and aluminum, and a report revealing that the same arguments made in support of the Bush administration’s failed tariffs are many of the same arguments being made today. Meanwhile, AFP President Tim Phillips has called tariff’s self-destructive and counterproductive. The grassroots organization continues to educate their activists on the negative consequences of protectionist trade policy and its impact on consumers.

Click Here to Read the Full Statement Online