U.S. business group says Trump China tariffs cost $1.4 bln/month | Reuters

WASHINGTON, Oct 11 (Reuters) – A coalition of U.S. business groups fighting President Donald Trump’s trade tariffs has launched an advertisement aimed at telling voters ahead of the midterm elections that the measures are costing American businesses and consumers $1.4 billion a month.

The group says that in Michigan, a state with several competitive elections this fall, tariff costs tripled in August from a year earlier, while they more than doubled in places like Texas, Illinois and West Virginia.

The group, which branded itself “Tariffs Hurt the Heartland,” crunched tariff payment data by state and nationally and provided the findings exclusively to Reuters.

“These tariffs are taxes on American businesses and consumers,” said the group’s spokesperson Angela Hofmann. “They aren’t paid by other countries. They are paid here at home.”

— Read on www.reuters.com/article/usa-trade-business/u-s-business-group-says-trump-china-tariffs-cost-1-4-bln-month-idUSL2N1WR0YW

Leave a Reply