CPA Praises Trump Administration’s Universal Tariffs on Mexico, Canada, and China

The Coalition for a Prosperous America (CPA) strongly supports the Trump administration’s expected announcement today imposing 25% universal tariffs on Mexico and Canada and 10% universal tariffs on China—a long-overdue step to rebalance trade, strengthen U.S. manufacturing, and restore American economic independence.

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“For decades, so-called ‘free trade’ policies have hollowed out America’s industrial base, destroyed domestic supply chains, and left American workers at the mercy of foreign governments and multinational corporations,” said Zach Mottl, Chairman of CPA. “President Trump’s decision to impose universal tariffs is a bold and necessary step toward reversing decades of failed trade policies and rebuilding America’s manufacturing and agricultural industries.”

Opponents of tariffs continue to push deeply-flawed economic predictions, falsely claiming that tariffs fuel inflation and hurt American consumers. From the adoption of NAFTA in 1994, through the Trump administration’s 2018 tariffs, economic forecasts have consistently failed to predict the impacts of free trade agreements and other trade actions like tariffs. In fact, researchers at the Minneapolis Federal Reserve found that the most widely used trade model has “essentially zero predictive accuracy.”

 

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