In their letter, reps for these companies wrote, "Broadly applied tariffs are not an effective tool to change China’s unfair trade practices. Tariffs are taxes paid directly by U.S. companies...not China.”
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The trade war with China is raising prices for consumers & disrupting production at companies across the U.S. 661 companies wrote to the Administration warning additional tariffs would destroy 2 million U.S. jobs & cost the average family $2k each year.https://www.washingtonpost.com/business/economy/trumps-plan-for-more-china-tariffs-sparks-business-uproar/2019/06/16/5e7f71d8-9048-11e9-aadb-74e6b2b46f6a_story.html?utm_term=.bc2baa2197d1 …
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This Administration was right to want China to treat U.S. companies fairly, but more than a year later this reckless trade policy has only succeeded in hurting them.
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