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News Archive

Month: December 2018

Farmers for Free Trade Statement on CPTPP Going into Effect and the Competitive Disadvantage it Creates for American Farmers

Sheridan, WY – Today, Brian Kuehl, Co-Executive Director of Farmers for Free Trade, the nationwide campaign to support trade policy that opens markets for American farmers and ranchers, released the following statement as the the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) went into effect for six of its eleven members. Farmers for Free Trade is a bipartisan campaign co-chaired by former Senator Baucus and former Senator Richard Lugar (R-IN).

“Today marks the beginning of an era of lost opportunity for American farmers and ranchers. While America stands on the sidelines, countries that directly compete with our farmers – including Mexico, Canada, Australia and New Zealand – will begin to receive the tariff-free benefits of a trade agreement the U.S. once stood at the center of.

 “U.S. beef, poultry, grains, dairy and so many other commodities will be at an immediate disadvantage starting today. Our farmers and ranchers will continue to be at a competitive disadvantage until we reengage with trading partners across the globe and rejoin the many nations that are providing their farmers with the benefits of multilateral trade agreements like CPTPP.

 “Particularly at a time when we are looking for ways to ensure China competes on a level playing field, the United States needs to be the one setting the rules in vast new markets for our exports, including Asia. We will continue to push the Administration and lawmakers on both sides of the aisle to fight for our farmers by catching up with the rest of the world on trade.” 

CONTACT: [email protected]

 

Tariffs Paid By Louisiana Businesses Have Increased Eightfold, According to Data Released at a Town Hall with Former Congressman Dr. Charles Boustany

Most recent monthly data shows Louisiana businesses paid $19 million in tariffs on products subject to new Trump tariffs during October; more than eight times what was paid on the same products last year

Louisiana businesses have now paid an extra $85 million in import tariffs

Louisiana exports are also paying the price for trade war, as local farmers and manufacturers have faced $39 million in new retaliatory tariffs on goods exported out of the state

FOR IMMEDIATE RELEASE

CONTACT: [email protected] or [email protected]

(LAFAYETTE, LA) – A group of representatives from Louisiana’s business and manufacturing community joined Tariffs Hurt the Heartland, a nationwide grassroots campaign against tariffs, at a town hall today to reveal new economic data detailing the impact of tariffs on the state’s economy. The townhall was moderated by former Louisiana Congressman Dr. Charles Boustany, who now serves as a spokesman for the grassroots campaign.

The data, compiled by the Trade Partnership, shows that tariffs cost Louisiana businesses $19 million in October. That is over eight times the tariffs paid on those same products in October 2017.

“Tariffs are taxes and Louisianan businesses, families and workers are being hit harder than ever before,” said Tariffs Hurt the Heartland spokesperson and former Congressman Charles Boustany. “I fought for the people of Lafayette and Louisiana for 12 years in Congress. Now I’m fighting to make sure that the administration’s disastrous tariff policies don’t make it harder for local business to hire workers and keep their doors open.”

The town hall featured panelists representing Louisiana’s business and manufacturing communities as well as several trade experts who discussed how these tariffs are impacting their consumers, their ability to invest in their businesses, their exports, and the impact on jobs and hiring.

“The biggest impact we’ve noticed is in the energy sector, which relies on imported steel and aluminum for things as varied as offshore platform applications to building materials for large LNG facilities,” said Eddy Hayes, a trade attorney at Leake & Andersson LLP and Chair of the World Trade Center of New Orleans. “We’ve witnessed a chilling effect in the energy sector due to both uncertainty of supply chain availability and significantly increased pricing for materials that are available.”

The town hall was held at the Petroleum Club of Lafayette, and the full list of speakers included:

  • The Honorable Dr. Charles Boustany
  • Mr. Edward T. Hayes, International Trade Attorney/Chair, WTCNO Policy Committee
  • Mr. Robert M. Landry, Vice President & Chief Commercial Officer, Port of New Orleans
  • Mrs. Andy Begneaud, Partner, Begneaud Manufacturing
  • Mr. Troy Wayman, President & CEO, One Acadiana
  • Mr. Stephen Waguspack, President and CEO, Louisiana Association of Business and Industry
  • Ms. Angela Marshall Hofmann, Co-Founder, Farmers for Free Trade

The Louisiana numbers correspond with new national data showing American businesses paid $6.2 billion in tariffs in October, the highest amount for any month in U.S. history. The data, which runs through October 2018 (the most recent month available) and is drawn from U.S. Census Bureau statistics on tariffs, includes the first look at the full weight of tariffs that have been imposed on $200 billion in Chinese imports and the impacts of retaliation from that action.

Tariffs Hurt the Heartland is the nationwide, non-partisan campaign opposing tariffs that is supported by more than 150 trade associations from every industry. Tariffs Hurt the Heartland has been holding town hall meetings on the tariff impact of tariffs in communities across the country. The campaign is also airing ads across 11 states that describe the impact of tariff increases on consumers and has launched an interactive map tracking the tariff impact on American employers.

For additional information and data from the Tariff Tracker contact [email protected] or [email protected].

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New Tariff Data Shows October Was the Highest Tariffed Month in U.S. History

U.S. businesses paid $6.2 billion in tariffs in October including $2.8 billion in new tariffs on products that have been targeted by the Trump Administration 

Data shows that tariffs have failed to achieve any stated Administration goals: US imports subject to new tariffs declined by just 0.6% in October, while US exports subject to retaliation fell 37%; Businesses are still importing goods while paying higher taxes, exports are falling, trade deficit is growing

Tariffs Hurt the Heartland spokesman Charles Boustany: “The numbers don’t lie. Americans are paying these taxes and they’re paying more than ever before.”

FOR IMMEDIATE RELEASE: Contact: [email protected] or [email protected] (Washington, D.C.) – New data released today by Tariffs Hurt the Heartland and compiled by The Trade Partnership from monthly U.S. government data shows an unprecedented increase in import tariffs and falling U.S. exports due to new tariffs and international retaliation. The data, which is drawn from U.S. Census statistics on tariffs, includes the first look at the full weight of tariffs that have been imposed on $200 billion in Chinese imports and the impacts of retaliation from that action. The data shows that the $6.2 billion in tariffs paid by U.S.businesses in October 2018 is the highest monthly amount in U.S. history. It is also more than double what businesses paid in tariffs in October last year. “The numbers don’t lie,” said Tariffs Hurt the Heartland spokesman and former Congressman Charles Boustany. Americans are paying these taxes and they’re paying more than ever before. These tariffs are not making our country wealthier, they are doing the exact opposite. This data shows that tariffs have been an unmitigated failure in achieving any of the Administration’s goals. All that’s happening is businesses and consumers are paying more, American exports subject to retaliation are rapidly declining, and the deficit the Administration cares so much about is ballooning” Today’s data shows that the Administration tariff policy has failed to achieve any of its stated goals and has, in fact,helped to grow the trade deficit that the Administration has prioritized addressing. The data shows that US imports subject to new tariffs declined just 0.6% in October, while US exports subject to retaliation fell 37%. In other words, U.S. businesses are still importing goods, they are just being taxed more, while exports are falling on those products that have been targeted by retaliatory tariffs. This trend is even more prominent when it comes to data for China 301 tariffs: US imports subject to Section 301 tariffs increased by 2% in October, while US exports subject to 301 retaliation plummeted 42%. “We are now seeing the raw data behind the stories of tariff pain that are coming in from every corner of the country,” former Congressman Boustany added. “American businesses, farmers, manufacturers and consumers are suffering under the weight of the current tariffs and are reeling from the continued uncertainty over whether they will be increased even further.” The Tariff Tracker: The data released today is part of a monthly Tariff Tracker that Tariffs Hurt the Heartland has launched in conjunction with The Trade Partnership, who compiles monthly data released by the U.S. government. The monthly import data is calculated using data from the Census Bureau. The monthly export data is compiled based on Census Bureau and U.S. Department of Agriculture data. As part of the Tariff Tracker project, Tariffs Hurt the Heartland is releasing data on how individual states have been impacted by increased import tariffs and declining exports. Tariffs Hurt the Heartland is the nationwide, non-partisan campaign opposing tariffs that is supported by over 150 trade associations from every industry. Tariffs Hurt the Heartland has been holding town hall meetings on the tariff impact in communities across the country. The campaign is also airing ads across 11 states in the Midwest that describe the impact of tariff increases on consumers and has launched an interactive map tracking the tariff impact on American employers. More details on October 2018 Tariff Tracker data: Imports: Overall: Tariffs cost American companies $6.2 billion in October. Tariffs paid increased $3.1 billion (104%) compared to October 2017, despite an increase of just 13% in the value of imports.
Trump Tariffs: Trump administration tariffs cost American companies an extra $2.8 billion in October. Products subject to the Trump administration actions currently in place faced $3.2 billion in tariffs in October, compared to just $407 million in October 2017. The large increase in tariffs came despite a slight decline in the value of imports.
China 301: China Section 301 tariffs cost American companies about $2.2 billion in October. Products subject to the Section 301 remedies faced $2.6 billion in tariffs in October, compared to just $394 million in October 2017. This is the first month reflecting 10% “List 3” tariffs, which could rise to 25% unless the United States and China reach a deal during their 90-day negotiation period.
Steel and Aluminum 232 Tariffs: Section 232 steel tariffs alone have cost American companies $2.3 billion, including $446 million in October. These products were all duty free before the Section 232 tariffs went into effect in March. Section 232 aluminum tariffs alone cost American companies about$124 million in October. Aluminum products subject to the Section 232 remedies faced $134 million in tariffs in October, compared to just $10 million in October 2017. The large increase in tariffs came despite a 4% decrease in the value of imports. Steel Tariffs:
Aluminum Tariffs:

Farmers for Free Trade Statement on Announcement to Hold Off on January 1st Tariff Increases

FOR IMMEDIATE RELEASE                                       CONTACT: [email protected]

(CHICAGO, IL) – Farmers for Free Trade Executive Director Angela Hofmann released the following statement today on the announced agreement to hold off on tariff increases on January 1st. Hofmann released the statement from the Illinois Farm Bureau Convention where she is talking to farmers and ranchers about the importance of trade and the impacts they have felt from the ongoing trade war.

“Any signal, even if temporary, that this trade war may de-escalate is welcome news for farmers. While farmers are cautiously optimistic about this development, they are also keenly aware that they are still subject to the existing painful retaliatory tariffs and lost markets that have hurt their recently harvested crops and income.”

“American farmers are results oriented and are hopeful that all parties will quickly resolve the trade war so they can regain markets that are decades in the making.

“In the months ahead, Farmers for Free Trade will continue traveling across the country to hear from farmers and to amplify their voices in Washington, D.C. The voices of American farmers have helped to create the pressure needed for any progress in easing trade tensions. Further progress will continue to require their stories and their advocacy.”

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