News & Press Releases


News

Tariffs Taking a Toll on Markets with ‘Rough 2019’ in Store

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.

Continue reading “Tariffs Taking a Toll on Markets with ‘Rough 2019’ in Store”

TARIFF TRACKER: New Data Shows American Businesses Paying Unprecedented Tariffs; Exports Subject to Retaliation Declining Rapidly

FOR IMMEDIATE RELEASE

CONTACT: [email protected] or [email protected]

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.

Continue reading “TARIFF TRACKER: New Data Shows American Businesses Paying Unprecedented Tariffs; Exports Subject to Retaliation Declining Rapidly”

President’s Visit to Tennessee on Sunday Highlights Sting Caused By Latest Wave of Tariffs

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 “President’s Visit to Tennessee on Sunday Highlights Sting Caused By Latest Wave of Tariffs”

West Virginia Miners ‘Walking A Tightrope’ Amid Trade Wars

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 “West Virginia Miners ‘Walking A Tightrope’ Amid Trade Wars”

Missouri Continues to Feel Tariff Fallout Ahead of Trump Rally

QUOTE FROM ALAN WEBER, FARMER AND AGRICULTURAL ECONOMIST, MARSHALL, MO: “Tariffs have already done significant damage to Missouri’s agriculture industry – and that’s just part of the story. Across the state, farmers, manufacturers, small businesses, workers, and families are facing increased costs, fewer jobs, and higher prices because of tariffs. Unfortunately, unless the trade war ends, things are going to get a lot worse before they get better.”

TARIFF EFFECT ON MISSOURI IS ‘NOT SUSTAINABLE.’ “’Definitely the tariffs are the biggest negative thing we’ve seen,’ said Adam Jones, a farmer from Old Monroe in Lincoln County. ‘It feels odd to see these prices drop and not have any way to help yourself.’ ‘The main cash crop I grow is soybeans, which has taken the largest hit,’ adds Russell, the farmer from Richmond, Mo. He said his farm is ‘producing our corn and soybeans at negative returns,’ including about a $2 per bushel loss on soybeans. ‘That’s something that’s not sustainable,’ he said.” (Bryce Gray & Andrew Nguyen, “Tariffs and drought weigh heavily on farmers,” St. Louis Post-Dispatch, 10/19/18)

Continue reading “Missouri Continues to Feel Tariff Fallout Ahead of Trump Rally”

Former Republican Congressman Dr. Charles Boustany to Join Tariffs Hurt the Heartland as Spokesman

Louisiana Congressman will help tell the stories of business owners, farmers and families hurt by the trade war as part of the growing nationwide, non-partisan campaign against tariffs

FOR IMMEDIATE RELEASE                                 Contact: [email protected]

(Washington, D.C.) – Tariffs Hurt the Heartland, the nationwide, non-partisan campaign against tariffs, today announced that former Republican Congressman Dr. Charles Boustany will join the campaign as a spokesman. Congressman Boustany is a trade expert with over a decade of experience working across party lines on trade policies in Congress, including on the House Ways and Means Committee. Dr. Boustany adds a powerful voice to the Tariffs Hurt the Heartland campaign that is holding town hall meetings on the tariff impact in communities across the country and airing ads across 11 states in the Midwest that describe the impact of tariff increases on consumers. The campaign has also launched an interactive map tracking the tariff impact on American employers.  Continue reading “Former Republican Congressman Dr. Charles Boustany to Join Tariffs Hurt the Heartland as Spokesman”

New Data on Tariff Impacts on Florida Released as President Trump Visits Sunshine State to Tout Economy

As he visits Florida today, President Trump should listen to Floridians bearing the costs of the trade war

This week Tariffs Hurt the Heartland, the nationwide grassroots campaign against tariffs, unveiled new data that showed how tariffs are directly impacting Florida’s economy. The statistics, which were compiled by The Trade Partnership, revealed that tariffs cost Florida businesses $122 million in the month of August alone. This represents a 49-percent increase in tariff-related costs compared to this point last year. These costs are borne directly by the hardworking Florida taxpayers that the administration promised to protect. Continue reading “New Data on Tariff Impacts on Florida Released as President Trump Visits Sunshine State to Tout Economy”

ICYMI: Op-ed by Halloween Industry Association Discusses Effect of Tariffs on Upcoming Holiday

Tariffs Are a Scary Proposition

Michele Biordi, Executive Director, Halloween Industry Association

https://morningconsult.com/opinions/tariffs-scary-proposition/

What do costumes, haunted houses and tariffs have in common? All three will give people a fright during Halloween season.

Thanks to the latest round of import taxes that took effect last month, the trade war will be an unwelcome trick-or-treater at the doorsteps of every American celebrating Halloween beginning in 2019. Continue reading “ICYMI: Op-ed by Halloween Industry Association Discusses Effect of Tariffs on Upcoming Holiday”

New Data Shows Impact of Trade War on Indiana Soybean Farmers and Pork Producers

Soybean exports to China from the Hoosier state have plummeted 34% so far this year while pork exports to Mexico that had been growing declined precipitously following tariff announcement

New data released as President Trump comes to Indianapolis to make his case to farmers at the National FFA Convention and Expo

FOR IMMEDIATE RELEASE                                          Contact: [email protected]

(Washington, D.C.) – New data released today shows that soybeans, the dominant Indiana farm export to China, have been hit hard by tariffs imposed this year. Data released by Tariffs Hurt the Heartland, the nationwide, nonpartisan campaign against tariffs also shows that Indiana pork exports to Mexico, which were growing compared to 2017 in the first four months of this year, have stalled out after new tariffs were imposed in June and July of this year. The data, which was compiled by The Trade Partnership from US Census Bureau and USDA data, was released as President Trump prepares to travel to Indiana to discuss his administration’s approach to U.S. agriculture.  Continue reading “New Data Shows Impact of Trade War on Indiana Soybean Farmers and Pork Producers”

New Data Reveals Dramatic Jump in Tariff-Related Costs; Impacts Discussed at Town Hall with Wisconsin Manufacturers, Farmers and Business Owners

WAUKESHA, WI – Wisconsin farmers, manufacturers and business owners 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 Wisconsin’s economy. The data, compiled by the Trade Partnership, shows that tariffs cost Wisconsin businesses almost $95 million in August alone. That represents a 47 percent increase in tariff-related costs since the same point last year—even though the value of imports only increased 13 percent over that period. These costs fall squarely on the backs of farmers, manufacturers, small business owners, and their employees – the very people the administration promised to protect with its trade policies. Continue reading “New Data Reveals Dramatic Jump in Tariff-Related Costs; Impacts Discussed at Town Hall with Wisconsin Manufacturers, Farmers and Business Owners”