While Administration claims that Americans “will never notice” tax increases from tariff escalation, businesses expect price increases on everyday consumer goods
WASHINGTON – Tariffs Hurt the Heartland released the following statement today as tariffs on $200 billion in goods and $60 billion in retaliatory tariffs on U.S. exports take effect. This latest wave of tariffs is a tax on everyday items that American families buy including food, furniture, travel goods, home improvement supplies, personal care products and more. The retaliatory tariffs also being imposed today will harm made-in-America exports including goods produced by our farms and factories.
“Americans are waking up today to a tax increase on the things they rely on to provide for their families,” said Tariffs Hurt the Heartland spokesman Brian Kuehl. “From furniture to pet food, light bulbs to baby cribs, even groceries and toilet paper will be taxed by these tariffs. Contrary to the rhetoric, the taxes on these goods aren’t paid by foreign countries, they come out of the pockets of American businesses and consumers. While the $60 billion of retaliatory tariffs on American exports are paid for by U.S. farmers, manufacturers and small businesses.
“While the administration spent last week promising that consumers ‘will never notice’ these tax increases, American businesses will be forced to increase prices on everything from bikes to luggage. These taxes don’t just affect a few items or industries. They touch nearly every corner of the American economy. In the coming weeks and months, Tariffs Hurt the Heartland will continue to illustrate the impact of these tariffs at town hall meetings across the country with the American families who are paying the price for this trade war.”
Tariffs Hurt the Heartland is a campaign that unites the nation’s largest trade organizations and industries to tell the stories of farmers, manufacturers, retailers, worker, and consumers who face higher prices, lower wages, lost jobs, and economic damage caused by the trade war.