You get tariffs and you get tariffs
The Republican-friendly U.S. Chamber of Commerce launches campaign to combat Trump's tariffs
The U.S. Chamber of Commerce is launching a campaign to push back against President Trump's new tariffs, Reuters reports. The traditionally Republican-friendly lobbying group, which has some 3 million members, claims Trump's policies threaten "to undermine the economic progress" that the administration "worked so hard to achieve."
On Friday, Canada imposed tariffs on $12.6 billion worth of American goods in response to Trump's steel and aluminum tariffs. The EU has likewise targeted $3.2 billion in American goods, a move that has already sent some Harley-Davidson production overseas to avoid the taxes. Other countries, including China and Mexico, are also prepared to add duties on imports.
To make its point that Trump's tariffs are not good for American consumers, the U.S. Chamber of Commerce is using a state-by-state analysis, proving that Trump-friendly states like Texas could see $3.9 billion in retaliatory tariffs, or $3 billion in South Carolina.
"We should seek free and fair trade," argued Chamber President Tom Donohue, "but this is just not the way to do it." Read how Congress handed Trump a trade tyranny here at The Week.