- President Donald Trump announced tariffs on roughly $200 billion worth of Chinese goods will go into effect September 24.
- The tariffs will hit a wide range of industrial and consumer goods.
- The escalation of the US-China trade war drew criticism from Democrats, Republicans, and many business groups.
- The complaints warned that the tariffs will ultimately hurt US consumers and businesses, due to cost-increases for key goods.
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'All pain, no gain': Trump latest round of tariffs is already getting blasted by lawmakers and business groups
President Donald Trump's decision to impose tariffs on $200 billion worth of Chinese goods was met with criticism from Republicans, Democrats, and many business groups. All of the concerns centered around the likelihood that the tariffs will ultimately hurt US businesses and consumers.
President Donald Trump's decision to impose tariffs on another $200 billion worth of Chinese goods drew a swift rebuke from lawmakers on both sides of the aisle and business groups.
Trump announced Monday that the US Trade Representative would begin to impose a 10% tariffs on Chinese goods ranging from food to fabrics to industrial chemicals. The tariffs will increase to 25% on January 1, 2019, unless the US and China agree on a trade deal.
The escalation of the US-China trade war was quickly criticized by both Republican and Democratic lawmakers along with many business groups. All of the critiques centered on economists warnings that the tariffs would ultimately harm US business and consumers by raising prices on imported goods from China.
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Additionally, concerns about China's retaliatory action on US agricultural goods popped up from farmers groups.
Here's a rundown of the criticism from lawmakers, business groups, and conservative interest groups:
- Sen. Heidi Heitkamp (D-ND):
- “The
- reckless escalation of the administration’s trade war is having serious consequences for rural America, which is already suffering from the uncertainty and low commodity prices caused by the disruptions to our markets,”
- Rep. Kevin Brady (R-TX, chair of the House Ways and Means committee):
- National Retail Federation:
- Every time this trade war escalates, the risk to US consumers grows.
- With these latest tariffs, many hardworking Americans will soon wonder why their shopping bills are higher and their budgets feel stretched," Matthew Shay, president and CEO of the NRF, said.
- Casey Guernsey, a seventh-generation farmer and spokesperson for AFF said.
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