May 29, 2018

New China Tariffs to Harm U.S. Consumers & Businesses, Say Freedom Partners, AFP and The LIBRE Initiative

Post by Freedom Partners

Arlington, VA – Freedom Partners Chamber of Commerce, Americans for Prosperity, and The LIBRE Initiative criticized new 25 percent tariffs on $50 billion of goods imported from China that were announced today by the White House.

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

“These proposed new tariffs are doomed to repeat the same cycle as those before them: higher prices for consumers and more expensive costs and market uncertainty for businesses. We urge the Trump administration to break this cycle and reconsider these tariffs. While some have speculated that this routine of announcing future tariffs is a mere negotiating ploy, the reality is that they have immediate and lasting, negative impacts on millions of Americans. This announcement is regrettable coming on the heels of last week’s suspension of tariffs. How are U.S. businesses to innovate and create more value for consumers when policymakers bring so much uncertainty to trade?

“While we strongly oppose the imposition of new trade barriers, we applaud the Trump administration’s announcement that it will continue to work through existing international agreements to settle trade disputes with China. Using these agreements and forging new ones will be the most effective approach and will best help American consumers and businesses alike in the long run.”

Americans for Prosperity Senior Policy Fellow Alison Acosta Winters issued the following statement:

“The Trump administration should be proud of a generally strong economy, driven in part by ongoing regulatory reforms and major tax relief that the president signed into law in December. It’s short-sighted to sully that record with a new ‘import tax’ increase on everyday tech products relied on by millions of Americans. That’s exactly what tariffs represent. We strongly urge the Trump administration to reconsider and drop the proposed tariffs. To the extent that there are concerns with China’s practices regarding intellectual property rights, there are better ways to address them.”

Kevin Hernandez, Policy Director of The LIBRE Initiative, released the following statement:

“Since the enactment of a major tax cut late last year, the economy has been growing strongly and American families are benefiting from greater economic opportunity. The best way to build on this success is to knock down trade barriers so American consumers can have greater access to goods and services from around the world and see their money go further, and so American companies can generate more sales and more jobs. Restricting market access by imposing new ‘import taxes’ will only hurt families and weaken the competitiveness of American businesses and entrepreneurs. Washington needs to avoid this self-destructive mistake.”

Background:

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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