American businesses and consumers are bearing the brunt of the global trade war.
By now, it’s plain to see that tariffs are inflicting harm on the American economy and will continue to do so unless the administration changes course.
The U.S. needs free and fair trade, but imposing tariffs to get there is the wrong approach.
Use the map below to learn about the states and businesses being harmed by the ongoing trade war.
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Tariffs on steel, aluminum, and Chinese imports, as well as the potential for additional tariffs on autos and auto parts, have pushed us into a global trade war. China and the EU have retaliated—or announced plans to retaliate—with billions of dollars in tariffs on American-made products.
Millions of U.S. jobs depend on America’s ability to trade with other countries. Half of all U.S. manufacturing jobs depend on exports, and one in three acres of American farmland is planted for international sales. But recent and proposed trade actions by the Trump administration threaten as many as 2.6 million American jobs and will stymie our economic progress.
Tariffs on imported goods are hitting American consumers and businesses—including manufacturers, farmers, ranchers, and technology companies—with higher costs on commonly used products and materials.
Simply put, tariffs are a tax on American consumers and businesses. Tariffs are the wrong approach to address unfair trade practices.
Bringing a burst of momentum to USMCA
WASHINGTON, D.C. — Thomas J. Donohue, President and CEO, U.S. Chamber of Commerce, issued the following statement today following the administration's announcement to end the steel and aluminum tariffs on Canada and Mexico.
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Following an investigation into China’s forced technology transfer and intellectual property practices, the Trump administration has imposed a total of approximately $250 billion in tariffs on imported Chinese products. In turn, China has retaliated with a total of $110 billion in tariffs against American-made products.
The tariffs came in waves:
After more than a year of negotiations, with plenty of ups and downs along the way, President Donald Trump, Canadian Prime Minister Justin Trudeau, and now former Mexican President Enrique Peña Nieto signed the U.S.-Mexico-Canada Agreement (USMCA) on November 30.
WASHINGTON, D.C.—The U.S. Chamber of Commerce and the China Center for International Economic Exchanges (CCIEE) today opened the 11th meeting of the U.S.-China CEO and Former Senior Officials’ Dialogue, co-chaired by U.S. Chamber President and CEO Thomas J.
Brilliant: “Setting Aside the Imposition of Tariffs is the Right Course of Action”