Jan 04, 2019
U.S.-China Trade Talks Should Forge a Deal Now to Lower All Trade Barriers
Post by Freedom Partners
ARLINGTON, VA – Freedom Partners today urged the Trump administration to seize the moment and eliminate trade barriers in upcoming trade talks on Monday, Jan. 7.
Freedom Partners Executive Vice President Nathan Nascimento made the following statement:
“The Trump administration’s tax-and-regulatory reforms helped pave the way for economic growth and job creation. Yet, this trade war could swallow that progress, as we warned repeatedly.
“This does not have to be difficult. The U.S. and China should lower trade barriers, end the unproductive tariff war and avoid ‘managed trade’ requirements that micromanage who buys what. If China really wants to open markets, it should end problematic practices such as forced technology transfers and IP theft. This would significantly reduce barriers to trade with China and benefit businesses, workers, and consumers in both the U.S. and China. In fact, both countries should eliminate tariffs, subsidies, quotas, and other barriers to mutually beneficial commerce and voluntary exchange.
“The economy needs certainty. Instead, the tariffs and continued uncertainty over the trade war have increased costs for those who can afford it least, and harmed American companies, farmers, and workers along the way. It’s time that our leaders reach a deal before more damage is done.”
- Freedom Partners Praises G-20 Announcement to Suspend 2019 Tariff Increases
- ICYMI: Koch Network Groups Urge Presidents Trump, Xi to End Tariffs at G-20 Meeting
- For examples of the destructive impact of tariffs, check out Freedom Partners’ Tariff Tracker