Members Of Congress Warn Of Lost Markets & Economic Uncertainty From Tariffs

U.S. House Ways & Means Trade Subcommittee Chairman Dave Reichert: “Last Year’s Historic Passage Of Tax Reform Has Energized Our Economy.  It’s Improved The Spirits Of American Manufacturers And Businesses And Their Employees.  However, Overly Broad Tariffs Can Slow This Momentum, And A Cumbersome Exclusion Process Does Not Provide The Necessary Relief To Affected US Companies.  It Creates Uncertainty In The Economy, Postponing Investment And Hindering Job Growth.” (Committee On Ways & Means, U.S. House Of Representatives, 7/24/18)

U.S. House Ways & Means Committee Member Kristi Noem: “Our Farmers Want To Do What They Do Best And That’s Feed The World.  That’s Why Opening Up New Markets Is Incredibly Important.” (MSNBC, 7/27/18)

U.S. Senator Ron Johnson: “Let’s Call Tariffs What They Really Are: They Are Taxes On American Consumers … Now From A Standpoint Of Farmers And Food Processors – They Really Are Experiencing A Double Whammy.  Not Only Are They Losing Access To Markets That It Has Taken Them Decades To Develop, You Know We Went From Just Feeding America To Feeding The World, These Markets Have Taken Decades To Develop So They’re Losing Access To That.  They’re Being Replaced Right Now. And Those Orders, These Are Long-Term Contracts, This Is Going To Be Permanent Damage.” (“Trade Wars Are Bad And America Is Losing: Time To Ditch Section 232 Tariffs,” Heritage Foundation, 7/24/18)

U.S. Senator Jerry Moran: “The Circumstances We Face, Farmers And Ranchers Face In Kansas, Is Significantly Challenging.  It’s Dire I Would Say.” (Jacob Pramuk, “Kansas GOP Sen. Moran’s Message To Trump: Resolve EU And NAFTA Trade Conflicts To Focus On China,” CNBC, 7/26/18)