Anti-tariff campaign encouraged by Trump’s China tariff decision
Tariffs Hurt the Heartland is encouraged by President Trump’s decision not to raise Chinese tariffs March 1st. The anti-tariff campaign says the administration seems to have heard the concerns of U.S. businesses and farmers who simply cannot afford more tariffs.
Along with tariffs on Chinese goods needed by American businesses, Americans have also been pinched by retaliatory tariffs on their products being sold in China. Trump’s decision to not raise tariffs also makes it unlikely China will add any further retaliatory tariffs.
Tariffs Hurt the Heartland says there is a need to address China’s unfair trading practices, but they claim tariffs are ultimately taxes paid by American businesses and using them as leverage will always be a losing proposition.
The anti-tariff group disputes Trump’s claim that tariffs are bringing Chinese dollars into the treasury, saying they are a tax paid by American businesses. Their research claims American companies paid 2.7 billion dollars more in November of last year than they did in November of 2017.
The Tariffs Hurt the Heartland campaign was started by Farmers for Free Trade and Americans for Free Trade. They say existing tariffs still make it harder for Americans to plan for the future, invest and grow.