Feb 06, 2019

Freedom Partners Supports Trade Security Act

Post by Freedom Partners

Arlington, VA – Freedom Partners today commended Senator Rob Portman (R-Ohio) and Rep. Ron Kind (D-Wisc.) on the introduction of the Trade Security Act in the Senate and House, respectively. The legislation would revise the government’s process for imposing so-called Section 232 tariffs for national security reasons and subject more of them to the potential of a congressional disapproval vote.

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

“Tariffs are destructive taxes on Americans that sap economic growth and job creation. Congress should have increased authority on tariffs and a greater role over their imposition. The Trade Security Act is a step forward in that direction. We appreciate the work of Sen. Portman, Rep. Kind and others who have introduced similar legislation. Leaders in Washington need to ultimately eliminate all trade barriers for a stronger economy, more innovation, lower costs, and a better quality of life.”

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.

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