PESA joined more than 600 U.S. companies and associations June 13 representing retail, technology, manufacturing and agriculture in urging the Trump Administration to avoid additional tariffs and reach a resolution with China. Click here to read the letter.
The Office of the U.S. Trade Representatives has held hearings this week regarding the proposed 25% tariffs on $300 billion in goods, 60% of which are consumer products.
“We remain concerned about the escalation of tit-for-tat tariffs,” the letter states. “We know firsthand that the additional tariffs will have a significant, negative and long-term impact on American businesses, farmers, families and the U.S. economy. Broadly applied tariffs are not an effective tool to change China’s unfair trade practices. Tariffs are taxes paid directly by U.S. companies, including those listed below – not China.”
“We urge your administration to get back to the negotiating table while working with our allies to develop global, enforceable solutions. An escalated trade war is not in the country’s best interest, and both sides will lose,” the companies and associations added.
PESA first worked with Tariffs Hurt the Heartland earlier in 2019, while co-hosting a “Tariffs Hurt the Heartland” Town Hall in Houston. A recent study has shown that record-high tariffs have cost Texas more than $1 billion on products subject to the Trump Administration’s tariffs.