Washington DC, July 2, 2018 - In response to the introduction of import duties for products from China, Canada, Mexico and the European Union by President Trump, U.S. Chamber of Commerce CEO Tom Donohue said: "This government threatens to undermine the economic progress we have worked for for years. We should prioritize free trade, this is not the way you do that."
The recently imposed U.S. import duties are worth billions of dollars. All countries have reacted with their own import duties on American products. Canada last Friday announced charges of $ 12.6 billion. China is expected to impose a 25 percent levy on U.S. soy beans in July. Last week, the EU announced import duties for U.S. products such as whiskey and Harley Davidsons worth $ 3.2 billion.
In March, Donohue warned for a trade war, after Trump had introduced taxes on Chinese import goods. "These taxes are damaging U.S. economic growth and employment. Especially consumers, businesses, farmers and ranchers will suffer," warned the U.S. Chamber's CEO.
For an analysis of the impact of the tariffs by state, see this article on the website of the U.S. Chamber of Commerce.
