The current relationship between the U.S. Chamber of Commerce and the Republican president is highly unusual: Historically, the two have been as close as peanut butter and jelly.
Trump is criticized for recent trade tariffs and starting the global trade war.
U.S. Chamber of Commerce have strongly criticized the way Trump has handled global trade disputes in their report; stating that the imposition of taxes by the capital and the retaliation by the partners would reflect extremely poorly on the country’s economy. An ally to Trump’s Republican Party and the supreme business lobbying group, Chamber has predicted that The White House may be at the risk of a global trade war with this recent push towards protecting the country’s traders and the industry by implying tariffs.
According to the group’s analysis, each U.S. state could face crushing repercussions and it would mean immense pressure on The White House from the Republican Party in wake of the Congress elections in November.
For instance, the nearly $4 billion dollar worth exports made from the state of Texas could be under fire due to the implementation of tariffs; and so will the $321 million worth of meat exports that are sent to Mexico each year. It would also have an impact on the $494 million grain sorghum exports that are made to China each year. Trump's government has implied tremendous amounts of tariff on steel and aluminum imports from China, Canada and the European Union besides others, which may prompt partial or complete retaliation towards U.S. products. He is currently planning to extend the gyre of these tariffs to the auto sector.
The Chamber which is the voice of about 3 million companies is of the view that while they had praised Trump’s decision of cutting down business taxes back in December; the current trade tensions will potentially create a rift with The White House.
“We should seek free and fair trade, but this is just not the way to do it”, said Chamber President Thomas J. Donohue in a statement. He further said that the administration is currently jeopardizing the economic progress it took so long to achieve. In the time to come, the Chamber is expected having to spend millions of dollars in support of the candidates that stand for free trade, lower taxes and immigration.
Even though Trump had been strongly advised previously to not create such a threatening trade environment of the states that had supported him in his 2016 Republican elections, it has only gone from bad to worse and there has been more aggressive action taken on the same in recent months.
In January 2016, Thomas J. Donohue, the feisty chief executive of the U.S. Chamber of Commerce, noted — without naming names — that there were “loud voices” this election season who talked about walling off America from talent and trade. He called that position “morally wrong and politically stupid.”
For the chamber, the bastion of free enterprise and free trade whose roots date back more than 100 years, Trump’s willingness to upend trade agreements, to tax goods from important countries and even invite a trade war is tantamount to rolling tanks up to its doors. The acrimonious relationship between the chamber and the Republican president is highly unusual: Historically, the two have been as close as peanut butter and jelly.
As early into Trump's presidency as in March 2016, Mr. Donohue got a little more blunt. “Donald Trump has very little idea about what trade really is,” he told Bloomberg television.
And recently, the gloves came off completely.
U.S. Chamber of Commerce runs a well designed interactive website allowing even people with fifth grade reading level to see and understand the impact of new tariffs on all 50 U.S. states.
Visit and just click your state on America's map:
Check below - we pulled for you Oklahoma as an example. You can also download the data with ONE click for each state.
Why is this happening?
The U.S. imposed new tariffs on steel and aluminum imports, so Canada retaliated with $12.6 billion in tariffs against American-made products.
Why does this matter?