“Tariffs Will Harm American Families, Producers” – TAPP Signs onto Coalition Letter

The Trade Alliance to Promote Prosperity today signed onto a coalition letter, initiated by the National Taxpayers Union, to the Speaker of the U.S. House of Representatives, Minority Leader of the U.S. House of Representatives, Majority Leader of the U.S. Senate, and Minority Leader of the U.S. Senate and copying the Secretary of the Treasury, Secretary of Commerce, and U.S. Trade Representative, warning that tariffs will harm American families and producers.

In part, the letter said, “We encourage you to consider whether tariffs may, in many cases, undermine President Trump’s broader long-term economic goals by increasing the cost of goods subject to tariffs. We are especially concerned about tariffs on inputs needed by U.S. manufacturers that make it harder to compete with finished goods made abroad and tariffs that increase the price of necessities like food and housing… We strongly support efforts that focus on spurring economic growth. We would hate to see President Trump’s efforts to cut taxes and slash regulations undermined by the imposition of costly tariffs. There are many policies the Trump Administration can pursue instead of tariffs to reduce the threat of rising prices. We urge you to bear these policies in mind as you continue working to ease rising costs for consumers."

Read the full letter here.