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: firstname.lastname@example.org or email@example.com
(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.
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: Matt@TariffsHurt.com or Melanie@TariffsHurt.com
(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.
As President Trump prepares for major meeting on tariff negotiations at G20, American small businesses in Atlanta share their stories of being hurt by tariffs
ATLANTA, GA – A group of representatives from Georgia’s agriculture and small business communities joined Tariffs Hurt the Heartland, a nationwide grassroots campaign against tariffs, at a town hall today to debut new economic data detailing the impact of tariffs on the state’s economy.
The data, compiled by the Trade Partnership, shows that tariffs cost Georgia businesses almost $205 million in September. That represents a 35 percent increase in tariff-related costs since the same point last year—even though the value of imports increased by just six percent over that period.
As President Trump prepares to light the National Christmas Tree, businesses face higher tariffs on a holiday staple
10 percent tariff on the majority of Christmas lights sold in stores represents another tax on American businesses and consumers; Christmas light tariffs will rise to 25 percent on January 1st 2019
WASHINGTON, DC – The majority of Christmas lights sold across the United States are being hit with a new tariff by the Trump Administration, stemming from the Section 301 tariff dispute. The import tariff is being paid by American businesses who import the product.
Because there are no major American Christmas light manufacturers, nearly all Christmas tree lights are imported. According to U.S. Census data, over 80% of US imports of Christmas lights from the world in 2017 came between August and October as companies stock up for the holiday season, with China accounting for about 85% of those imports. Already subject to 8% Most Favored Nation (MFN) tariffs, the Section 301 dispute added another 10% tariff, to 18% overall. These took effect on September 24 – right in the middle of peak season for increasing holiday inventory. Lights could become even more expensive next Christmas, as the Section 301 tariff will increase to 25% (or an overall rate of 33%) on January 1st 2019.
SEATTLE, WA – Representatives from Washington’s agriculture, small business and global trade sectors joined Tariffs Hurt the Heartland, a nationwide grassroots campaign against tariffs, at a town hall today to unveil new economic data detailing the impact of tariffs on the state’s economy. The data, compiled by the Trade Partnership, shows that tariffs cost Washington businesses an added $100 million since new tariffs were imposed this year. The data also shows that Washington exports have been subject to another $103 million in retaliatory tariffs thanks to ongoing trade disputes. These costs fall squarely on the backs of farmers, manufacturers, small business owners, major employers and workers.
See the infographic below for other key data points released today. To learn more or to view the full data set contact the Tariffs Hurt the Heartland campaign at the emails listed below.
WASHINGTON – The trade war is creating pain for America’s economy. Exports are declining, jobs are disappearing, and prices are rising for everyday items. Now, the markets are starting to react, and it’s becoming clear that tariffs are starting to take a toll on the underpinnings of the economy. As tariffs continue to hurt American businesses, workers, and families, the message from the markets is clear: the trade war needs to end before things get even worse.
FOR IMMEDIATE RELEASE
CONTACT: firstname.lastname@example.org or email@example.com
On imports alone, monthly Census data on calculated duties shows a $1.4 billion spike from Trump Administration tariffs actions; U.S. businesses paid $4.4 billion in tariffs in September
Separate export data shows that once growing U.S. exports are declining because of tariffs; products subject to retaliatory tariffs declined by $2.5 billion, or 26 percent in September compared to the previous year
(Washington D.C.) – New data released by Tariffs Hurt the Heartland and compiled by The Trade Partnership from monthly U.S. government data, shows the dramatic cost increases and export declines the trade war has created for American businesses, farmers, and consumers. The September 2018 data, the most recent month available, shows that American businesses paid $4.4 billion in import tariffs, including a $1.4 billion increase in tariffs on products that have been targeted by Administration tariff actions. The $4.4 billion in tariffs paid in both August and September are unprecedented in U.S. history. Imported products subject to new tariffs by the Trump Administration accounted for nearly all of the increase. The export tariff data released today shows that retaliatory tariffs had an immediate and severe impact on US exports. In September, US exports of products subject to retaliatory tariffs declined by $2.5 billion, or 26 percent, from the previous year.
Across Tennessee, Businesses, Workers and Families Facing New Taxes Thanks to Recent Trade War Escalation
QUOTE FROM TARIFFS HURT THE HEARTLAND SPOKESMAN BRIAN KUEHL: “The longer this trade war goes on, the worse it will get for Tennessee. Tariffs have already caused long-term damage to farmers who rely on exports to make a living. Their overseas markets are disappearing – possibly for good. Now we are seeing the negative effects throughout Tennessee’s economy. It’s clear that the trade war needs to come to an end before the pain gets any worse.”Continue reading
QUOTE FROM TARIFFS HURT THE HEARTLAND SPOKESMAN BRIAN KUEHL: “Tariffs have a sweeping impact that hurts businesses, farmers, manufacturers, miners, workers and families across West Virginia. As the trade war continues, the costs will only grow. Tariffs cost jobs, raise prices for everyday items, and make it harder for manufacturers and other businesses to keep their doors open. We need to end tariffs before the damage gets worse.” Continue reading