A letter written by Chamber of Commerce Chief Policy Officer, Neil Bradley, obtained by Breitbart argues that new reciprocal tarrifs on foreign imports, “would undermine U.S. economic growth and job creation.”
Putting aside the fact that the Trump administration hasn’t even introduced legislation yet, Bradley argues that new tariffs “would effectively give the President unilateral authority to increase U.S. tariffs on imports from any foreign country. The harm to Americans would be immediate: Tariffs are taxes, and they are paid by American families and American businesses.”
Rep. Sean Duffy (R-WI) is expected to introduce a bill in the next few weeks, called the United States Reciprocal Trade Act, to give the president the ability to raise tariffs on specific products from overseas if foreign countries put higher tariffs on similar products from America.
The Coalition for a Prosperous America, a fair trade organization, has praised the concept:
“This reciprocal tariff bill idea is a good one because the WTO system has locked the United States into treating all trade competitors the same, regardless of whether they have high or low tariffs,” a CPA statement read. “Such a bill would also further the end of the WTO system, potentially.”