Arthur J. Villasanta – Fourth Estate Contributor
Washington, DC, United States (4E) – The Republican-leaning United States Chamber of Commerce (USCC), the country’s largest business and lobbying group, assailed Donald Trump for igniting an uncalled for global trade war that will wind-up ruining U.S. businesses and impeding economic growth.
To drive home that point quickly and sharply, USCC on Monday launched a nationwide campaign among its members to oppose Trump’s trade tariff policies. The campaign will first focus on the chamber’s three million members before spreading to other influence groups. The chamber will also spend millions of dollars ahead of the November elections to help candidates that support free trade instead of Trumpian protectionism.
Business analysts said the USCC’s vigorous anti-Trump stand is an aggressive effort to force Trump to listen to reason. USCC analyzed the state-by-state impact of Trump’s tariffs on practically all its major trading partners, and found that that Trump’s global trade war will hit the wallets of U.S. consumers hard.
The chamber’s analysis also confirms the world’s retaliatory measures will hit the hardest states that voted Trump president. USCC said Texas will see $3.9 billion worth of exports affected by retaliatory tariffs; Tennessee’s exports worth $1.4 billion will suffer while South Carolina will see $3 billion of its exports imperilled.
“The administration is threatening to undermine the economic progress it worked so hard to achieve,” said President Tom Donohue. “We should seek free and fair trade, but this is just not the way to do it.”
The chamber’s declaration of war on Trump is the most serious rift to appear between Washington and the business community that mostly leans Republican. Trump’s asinine tariffs will hit China, Canada, Mexico and the European Union (EU) starting July 6. The administration claims these moves are necessary to protect U.S. national security.
The world is striking back and the U.S. will feel the pain starting this month. On June 29, Canada imposed punitive measures on $12.6 billion worth of American goods. China will soon impose a new 25 percent tariff on soybeans while Mexico will increase its taxes on U.S. pork imports. EU punitive tariffs will hit $3.2 billion in American goods.
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