Jan 24, 2019

Freedom Partners Backs Global Trade Accountability Act (H.R. 723)

Post by Freedom Partners

Arlington, VA – Freedom Partners today commended Rep. Warren Davidson (R-Ohio) on his introduction of the Global Trade Accountability Act (H.R. 723), legislation to require legislative approval for any tariffs implemented by the executive branch.

Freedom Partners Executive Vice President Nathan Nascimento issued the following joint statement:

“Tariffs are just another tax on Americans. They should require a vote by Congress before taking effect. The administration’s tariffs have triggered retaliatory levies which, taken together, have injected higher costs, job layoffs, and tremendous uncertainty into the global economy.

 

“The Constitution tasks the legislative branch with the responsibility to oversee trade. This legislation would reinstate Congress’ authority to approve tariffs. We are proud to support it and commend Rep. Davidson and his colleagues for their leadership.”

Background:

Trade principles

  • The United States should eliminate all trade barriers, regardless of other countries’ trade policies, in order to provide Americans lower prices, more jobs and bigger paychecks, and to drive innovation through competition.
  • Individuals and businesses in a competitive market, not government bureaucrats or politicians, should guide trade decisions.
  • Punitive measures such as tariffs and quotas are an unjust government intrusion into the lives of hardworking Americans. They violate the property and associational rights of individuals and should all be eliminated.
  • Subsidies and other forms of government supports for powerful and politically connected businesses and industries do not create value. They punish consumers, burden taxpayers, insulate businesses from market competition, and should be eliminated.
  • Trade disputes should be resolved through existing international trade agreements and organizations.
  • While national security interests may be a consideration in trade policy, they should be used to restrict trade only when there is truly a narrow national security interest at stake, not as a workaround to impose tariffs.