Jul 11, 2018
Freedom Partners Urges Senators to Vote to Reinstate a Role for Congress on Tariffs
Post by Freedom Partners
Arlington, VA – Freedom Partners Chamber of Commerce strongly encourages conferees to include language in the H.R. 5895 conference report to reinstate a role for Congress in making a determination regarding tariffs under Section 232 of the Trade Expansion Act of 1962 (19 U.S.C. 1862), consistent with S. 3013 sponsored by Senator Bob Corker (R-TN).
Freedom Partners Executive Vice President Nathan Nascimento issued the following statement:
“Tariffs are taxes that inflict the most harm on those who can least afford it. We see that now in industries from washing machines to nail manufacturing. They increase prices for consumers and businesses alike and can spiral out of control as our trade partners retaliate with more tariffs. This legislation would mark a small, yet important, step toward restoring an appropriate constitutional balance between the legislative and executive branches when considering new trade barriers. Congress should reinstate some of the constitutional trade authority it long ago delegated to the executive branch.”
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.