Over 600 U.S. Companies Sign Letter Supporting Trump’s Tariffs
Companies cite a boost to American jobs amid China tariffs
Over 600 American companies have signed a letter in support of President Donald Trump's tariffs on China, citing a boost to American jobs and reducing costs for their businesses.
The letter will be submitted during testimony Friday before the Office of the United States Trade Representative (USTR). China
This week, the USTR has been conducting hearings regarding proposed tariffs on approximately $300 billion of Chineses goods.
Chief Economist of the intention of Coalition for a Prosperous, Jeff Ferry, will present the letter Friday morning during his testimony to the USTR.
The letter pushes back on the letter last week that requests Trump to discontinue the tariffs on China.
Most of the signers were big-box retailers who manufacture their products in China.
According to The Daily Caller: This all comes as President Donald Trump said that he is contemplating slapping China with more tariffs if Chinese President Xi Jinping does not meet with him during the G-20 summit in late June.
Since, the warning, the two have agreed to meet.
However, Trump said if Xi does not attend the event, he will immediately impose new tariffs on $300 billion in Chinese imports, including a number of consumer products.
During the last G-20 summit in December, Trump was able to get a number of deals from Xi Jinping in exchange for not implementing any new tariffs on Chinese goods.
After a possible deal faded following talks at the 2018 G-20 summit, the U.S. increased tariffs from 10% to 25% on goods from China in May, which applies to around $200 billion worth of Chinese goods. After the U.S. declared its tariffs, Beijing raised its tariffs on $60 billion worth of U.S. goods three days later.
The Communist Party of China has used its access to U.S. consumer and capital markets for a predatory economic strategy to grow its state-owned enterprises, finance its military build up, imprison its citizens in modern day concentration camps and challenge America’s geopolitical power,” Michael Stumo, CEO, Coalition for a Prosperous America said in the signed letter.
“Our American companies and workers have been weakened by this failed experiment. We want it to stop,” Stumo continued.
Country First Letter by on Scribd
The Automotive Parts Remanufacturing Association (APRA) president, Joe Kripli. said, “for years now the Chinese ‘knock-off’ of starters and alternators that have been entering the country at ridiculously low cost and have been hurting the small [U.S.] remanufacturer that is located in every state and has been in our communities since WWII.
“Fitzgerald USA is one of the few Made in America truck conglomerates.
We recently started a U.S. truck parts business as the trucking industry increasingly moves its operations to China. America needs a robust manufacturing economy for jobs and national security.
We support President Trump and his use of tariffs on China,” Jon Toomey, Director of Government Relations for Fitzgerald SA stated in the signed letter.
Margarita Mendoza, Founder of Made in America Movement (MAM) also said she thinks Trump is right to use the tariffs as a negotiating tactic in order to bring more jobs to the U.S.
“As the Founder of The Made in America Movement, I strongly believe and support the tariffs our President is using to negotiate with China.
Manufacturers ought to find a way to make their products here in the USA. Making it here will create/provide jobs for our citizens here in the USA,” Mendoza said in the signed letter.
Trump said in a June 10 interview that “China is going to make a deal because they are going to have to make a deal,” adding that he and the Chinese president and have “a great relationship” and that Xi is “actually an incredible guy.”