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: email@example.com or firstname.lastname@example.org (LAFAYETTE, LA) – A group of representatives from Louisiana’s business and manufacturing community joined Tariffs Hurt the […]
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, […]
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.”
(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.
“The numbers don’t lie,” said Tariffs Hurt the Heartland spokesman and former Congressman Charles Boustany. “Americans are paying these taxes and they’re paying more than ever before. These tariffs are not making our country wealthier, they are doing the exact opposite. This data shows that tariffs have been an unmitigated failure in achieving any of the Administration’s goals. All that’s happening is businesses and consumers are paying more, American exports subject to retaliation are rapidly declining, and the deficit the Administration cares so much about is ballooning”
Today’s data shows that the Administration tariff policy has failed to achieve any of its stated goals and has, in fact,helped to grow the trade deficit that the Administration has prioritized addressing. The data shows that US imports subject to new tariffs declined just 0.6% in October, while US exports subject to retaliation fell 37%. In other words, U.S. businesses are still importing goods, they are just being taxed more, while exports are falling on those products that have been targeted by retaliatory tariffs. This trend is even more prominent when it comes to data for China 301 tariffs: US imports subject to Section 301 tariffs increased by 2% in October, while US exports subject to 301 retaliation plummeted 42%.
“We are now seeing the raw data behind the stories of tariff pain that are coming in from every corner of the country,” former Congressman Boustany added. “American businesses, farmers, manufacturers and consumers are suffering under the weight of the current tariffs and are reeling from the continued uncertainty over whether they will be increased even further.”
The Tariff Tracker: The data released today is part of a monthly Tariff Tracker that Tariffs Hurt the Heartland has launched in conjunction with The Trade Partnership, who compiles monthly data released by the U.S. government. The monthly import data is calculated using data from the Census Bureau. The monthly export data is compiled based on Census Bureau and U.S. Department of Agriculture data. As part of the Tariff Tracker project, Tariffs Hurt the Heartland is releasing data on how individual states have been impacted by increased import tariffs and declining exports.
Tariffs Hurt the Heartland is the nationwide, non-partisan campaign opposing tariffs that is supported by over 150 trade associations from every industry. Tariffs Hurt the Heartland has been holding town hall meetings on the tariff impact in communities across the country. The campaign is also airing ads across 11 states in the Midwest that describe the impact of tariff increases on consumers and has launched an interactive map tracking the tariff impact on American employers.
More details on October 2018 Tariff Tracker data:
Overall: Tariffs cost American companies $6.2 billion in October. Tariffs paid increased $3.1 billion (104%) compared to October 2017, despite an increase of just 13% in the value of imports.
Trump Tariffs: Trump administration tariffs cost American companies an extra $2.8 billion in October. Products subject to the Trump administration actions currently in place faced $3.2 billion in tariffs in October, compared to just $407 million in October 2017. The large increase in tariffs came despite a slight decline in the value of imports.
China 301: China Section 301 tariffs cost American companies about $2.2 billion in October. Products subject to the Section 301 remedies faced $2.6 billion in tariffs in October, compared to just $394 million in October 2017. This is the first month reflecting 10% “List 3” tariffs, which could rise to 25% unless the United States and China reach a deal during their 90-day negotiation period.
Steel and Aluminum 232 Tariffs: Section 232 steel tariffs alone have cost American companies $2.3 billion, including $446 million in October. These products were all duty free before the Section 232 tariffs went into effect in March. Section 232 aluminum tariffs alone cost American companies about$124 million in October. Aluminum products subject to the Section 232 remedies faced $134 million in tariffs in October, compared to just $10 million in October 2017. The large increase in tariffs came despite a 4% decrease in the value of imports.
FOR IMMEDIATE RELEASE CONTACT: email@example.com (CHICAGO, IL) – Farmers for Free Trade Executive Director Angela Hofmann released the following statement today on the announced agreement to hold off on tariff increases on January 1st. Hofmann released the statement from the Illinois Farm Bureau Convention where she is talking to farmers and ranchers about the importance of trade and the impacts they have felt from the ongoing trade war. “Any signal, even if temporary, that this trade war may de-escalate is welcome news […]
“USMCA is significant win for American farmers, but it’s a win that comes with a big caveat.” (Washington, D.C.) – Today, Brian Kuehl, Executive Director of Farmers for Free Trade, released the following statement on the signing of the United State-Mexico-Canada Agreement (USMCA). Farmers for Free Trade is a bipartisan campaign co-chaired by former Senators Max Baucus and Richard Lugar that amplifies the voices of American farmers, ranchers and agricultural businesses that support free trade. “Signing USMCA is a significant win for American farmers, but it’s a win that comes with a big caveat. While USMCA offers exciting opportunities for […]
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 […]
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 […]
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 […]
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. MARKETWATCH: ‘Stock market turns negative amid report that U.S. set to impose tariffs on all remaining Chinese imports.’ “U.S. stocks lost altitude and […]
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 […]
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.” HEADLINE: ‘TARIFFS ARE HURTING TENNESSEE.’ “Mexico, Canada and the […]