Freedom Partners, along with two various other Koch network groups of Americans for Prosperity in addition to also also the Libre Initiative, are sending a letter to Congress on Wednesday asking them to support the Global Trade Accountability Act, a bill sponsored by Utah Senate Republican Mike Lee. The legislation requires Congress to review in addition to also also approve any tariffs which are proposed by the executive branch.
“Tariffs are taxes which make Americans poorer. They raise our cost of living in addition to also also force higher expenses on our businesses. Just consider the working families paying much more for a fresh washing machine or the locker any which currently must consider outsourcing U.S. jobs overseas,” James Davis, Vice President of Freedom Partners, said in a statement provided to CNBC. “These ads are an important part of our overall campaign, which also includes significant plans for grassroots mobilization in addition to also also public education,” he added.
The announcement of the first phase of the Koch network campaign comes two days after Trump ordered the United States Trade Representative to identify $0 billion worth of Chinese goods for additional tariffs at a rate of 10 percent.
On Monday, the White House said the fresh trade barriers will go into effect “If China refuses to change its practices, in addition to also also also if the item insists on going forward with the fresh tariffs which the item has recently announced.”
Previously, the administration had announced a 25-percent tariff on up to $50 billion of Chinese products. Chinese President Xi Jinping responded having a 25 percent tariff on $34 billion of U.S. goods.
Allies also haven’t fared well under the Trump tariff policies.
Canada, Mexico, in addition to also also the European Union were recently hit having a 25 percent tariff on steel goods in addition to also also 10 percent on aluminum products.
Canada has retaliated with equal trade levies while Mexico has imposed a series of tariffs against a variety of U.S. exports valued at $3 billion.
The E.U. will be moving ahead having a response of their own, with plans to slap trade duties on products by Harley Davidson motorcycles to jeans.