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International Allies Warn Of Retaliation For Tariffs
Costs Of Retaliation Totaling Billions Of Dollars & Nearly Half A MIllion Jobs

Tariffs Could Cost The U.S. Billions Of Dollars & Thousands Of Jobs:

The European Union Has Threatened To Impose 25 Percent Tariffs On Roughly $3.5 Billion Of U.S. Imports, Including Harley-Davidson Motorcycles, Bourbon And Levi Jeans. (“Viktoria Dendrinou & Jonathan Stearns, “EU Raising Stakes For Trump By Aiming Levies At GOP Heartland,” Bloomberg, 3/6/18)

Economists Suggest The U.S. Could Lose Nearly 470,000 Jobs From International Retaliation. (“Round 2: Trading Partners Respond, The Estimated Impacts Of Tariffs on Steel And Aluminum (2018),” Trade Partnership Worldwide, 3/12/18)

South Korea Is Considering Filing A Complaint To the World Trade Organization Over The Tariffs. (Aaron Sheldrick, “Asia’s Biggest Exporters Bristle Over U.S. Tariffs, Fanning Trade War Fears,” Reuters, 3/8/18)

International Allies, Including NAFTA Partners, Have Threatened Retaliation Against Recent Tariffs:

Australian Trade Minister Steven Ciobo: “There Is No Prosperity At All That Flows From Putting Up Trade Walls Or Higher Taxes On Traded Goods.” (Adam Baidawi, “How Trump’s Tariffs Would Affect Australia, The New York Times, 3/7/18)

Canadian Foreign Minister Chrystia Freeland: “We Will Always Stand Up For Canadian Workers And Canadian Businesses.  Should Restrictions Be Imposed On Canadian Steel And Aluminum Products, Canada Will Take Responsive Measures To Defend Its Trade Interests And Workers.” (Danielle Bochove, Josh Wingrove & Kristine Owram, “Canada To Fire Back If Hit With Steel And Aluminum Tariffs,” Bloomberg, 3/1/18)

Chinese Foreign Minister Wang Yi: “Choosing A Trade War Is A Mistaken Prescription.  The Outcome Will Only Be Harmful.  China Would Have To Make A Justified And Necessary Response.” (“A Storm Of Reactions To Trump’s Tariffs,” The New York Times, 3/9/18)

European Commission President Jean-Claude Juncker: “We Will Not Sit Idly While Our Industry Is Hit With Unfair Measures That Put Thousands Of European Jobs At Risk.  The EU Will React Firmly And Commensurately To Defend Our Interests.” (Katelyn Newman, “Trump Tariffs Met With Threat To Bourbon And Blue Jeans,” U.S News & World Report, 3/2/18)

Japan Economy, Trade & Industry Minister Hiroshige Seko: “I Firmly And Clearly Expressed My View That This Is Regrettable.  I Explained That This Could Have A Bad Effect On The Entire Multilateral Trading System.” (Emre Peker, “EU, Japan Press For Waivers On Trump’s Tariffs,” The Wall Street Journal, 3/10/18)

Mexican Government: “[Mexico] Made It Clear That If Included, Mexico Will Have No Other Option Than To React.” (Jude Webber, “Mexico To Retaliate If US Slaps Tariffs On Its Steel – Source,” Financial Times, 3/1/18)

South Korea Finance Minister Kim Dong-Yeon: “[The Government] Will Deploy All Possible Means To Respond To U.S. Steel Tariffs Measures And Make An All-Out Effort.” (“South Korea Will ‘Deploy All Possible Means’ To Respond To U.S. Tariffs: Finance Minister,” Reuters, 3/11/18)

United Kingdom Spokesperson: “We Are Engaging With The U.S. On What This Announcement Means In Practice.  We Have Been Clear That We Are Particularly Concerned By Any Measures That Would Impact The U.K. Steel And Aluminum Industries.” (Max Greenwood & Vicki Needham, “Canada Threatens Retaliation On Trump Tariffs,” The Hill, 3/1/18)

U.S. Agriculture Community Has Warned Of The Damage Tariffs Would Do To Their Industry:

American Soybean Association Vice President Davie Stephens: “Of Course I’m Worried About The Tariffs.  We’re Making Sure We Do Have That Access To The Global Market.” (Monica Davey & Patricia Cohen, “Trade War Prospect Shakes Part Of Trump Base: Midwest Farmers,” The New York Times, 3/10/18)

Iowa Farmer & Global Farmer Network Board Member Bill Horan: “Out Here In Farm Country, We’re Worried About The Tariffs And NAFTA.  History Shows That Nobody Wins A Trade War.  Instead, Both Sides Suffer As They Escalate Their Disputes And Block Economic Cooperation – And The Suffering In The United States Will Hit All Of Us – But The Worst May Take Place Among Us Farmers.” (Bill Horan, “The Danger Of Tying Tariffs To NAFTA,” The Hill, 3/12/18)

Indiana Farm Bureau Government Affairs Director Bob Kraft: “Concern That Those Tariffs May Trigger Retaliatory Tariffs On American Products By Key International Trading Partners Is Generating Apprehension Throughout Indiana’s Agricultural Community.” (Brian Howey, “Brian Howey: Anti-Trade Talk, Tariffs Raising Alarms In Rural Indiana,” Kokomo Tribune, 3/12/18)

Illinois Farmer Eldon Gould: “It’s The Retaliation Risk.  The World’s Already Awash In Grain And Then If You Lose A Key Customer – It’s Big.  They’re Going To Go Somewhere Else To Buy It.” (Monica Davey & Patricia Cohen, “Trade War Prospect Shakes Part Of Trump Base: Midwest Farmers,” The New York Times, 3/10/18)

Wisconsin Corn & Soybean Farmer Mike Cerny: “[If The Tariffs] Were To Start Some Kind Of A Trade War, This Would Not Be Good For [Trump’s] Support In Farm Country.” (Monica Davey & Patricia Cohen, “Trade War Prospect Shakes Part Of Trump Base: Midwest Farmers,” The New York Times, 3/10/18)

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