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.