Jul 24, 2018

Freedom Partners: Trade Bailout the Wrong Approach on Tariffs

Post by Freedom Partners

Arlington, VA – Freedom Partners Chamber of Commerce expressed strong opposition to a reported Trump administration proposal for $12 billion in new government assistance to farmers to offset the harms of escalating tariffs between the U.S. and our leading trade partners.

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

“Farmers are rightly concerned about the fallout from an escalating trade war. But soaking taxpayers to fund more federal aid is the wrong approach. The American people deserve much better than this. Farmers want trade, not aid.

“We urge the Trump administration to use this opportunity to forge a more productive path. Now is the time to capitalize. The administration should engage in immediate and aggressive negotiations toward the president’s stated zero-tariff goal to lower barriers for our exporters, producers, and consumers – a  recipe for building upon this administration’s strong record of economic and job growth. The administration is already projecting a trillion-dollar deficit for fiscal year 2019, so this new $12 billion in spending would effectively be borrowed from China. Borrowing from China to fund the victims of our trade war with China is a self-defeating policy.”

Freedom Partners Trade Principles

  • Individuals, businesses, and countries should be free to engage in the voluntary exchange of goods and services, which improves lives by growing the economy, increasing pay checks, and creating new and better jobs.
  • Individuals and businesses in a competitive market, not government bureaucrats or politicians, should guide trade decisions.
  • Punitive measures such as tariffs and quotas harm most consumers, workers, and businesses and should be eliminated.
  • Subsidies and other forms of government supports for powerful and politically connected businesses and industries do not create value. They punish consumers, 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 work around to impose tariffs.

Background

Bipartisan Trade Bill Wins Backing of AFP, Freedom Partners and The LIBRE Initiative
Freedom Partners, AFP and The LIBRE Initiative Announce Major Campaign to Promote Trade, Combat Tariffs
AFP, Freedom Partners and The LIBRE Initiative Urge White House to Abandon Harmful Tariff Policy in Official Comment to USTR
Freedom Partners, AFP Oppose New Auto Tariffs

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