U.S. business group says Trump China tariffs cost $1.4 bln/month
By Ginger Gibson
WASHINGTON, Oct 11 (Reuters) - A coalition of U.S. business
groups fighting President Donald Trump's trade tariffs has
launched an advertisement aimed at telling voters ahead of the
midterm elections that the measures are costing American
businesses and consumers $1.4 billion a month.
The group says that in Michigan, a state with several
competitive elections this fall, tariff costs tripled in August
from a year earlier, while they more than doubled in places like
Texas, Illinois and West Virginia.
Nationally, there was a 45 percent uptick in August compared
with the previous August - and the organization cautions not all
of the tariffs have gone into affect.
The group, which branded itself "Tariffs Hurt the
Heartland," crunched tariff payment data by state and nationally
and provided the findings first to Reuters.
"These tariffs are taxes on American businesses and
consumers," said group spokeswoman Angela Hofmann. "They aren’t
paid by other countries. They are paid here at home."
It is targeting members of Congress in the "Heartland,"
including Ohio, Pennsylvania, Illinois, Indiana and Tennessee.
It has planned a nationwide series of town hall meetings,
including an event in Pennsylvania on Thursday where it planned
to present data showing the state's businesses paid $45 million
more in tariffs in August than a year earlier.
The group is also launching a digital advertisement accusing
Trump administration officials of downplaying the cost of
tariffs while presenting a long list of items subject to new
The business coalition hopes voters will voice opposition to
the tariffs to Congress members campaigning in their home states
ahead of the Nov. 6 midterm elections.
The group of more than 100 U.S. industry groups launched a
coalition in September to take their fight public against
billions of dollars worth of tariffs Trump has imposed in an
effort to win concessions or in the belief they will create U.S.
The business coalition includes groups representing some of
the nation's largest companies, including members of the
National Retail Federation and the Retail Industry Leaders
Association. Among groups to join are the American Petroleum
Institute, which represents major oil companies like Exxon Mobil
and Chevron, and the Retail Industry Leaders Association, which
represents retail chains like Target and Autozone.
Trump has imposed tariffs on Chinese goods worth $250
billion and has applied tariffs on steel and on foreign
aluminum, which raised import and domestic costs. He has
threatened tariffs on another $276 billion in Chinese products,
which would touch nearly every imported good.
(Reporting by Ginger Gibson; Editing by David Gregorio and
First Published: 2018-10-11 17:30:00
Updated 2018-10-11 19:00:55
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