PPAI asks Trump to back down on China tariffs
America’s Promotional Products Association International (PPAI) has joined 44 other US associations and trade groups opposing President Trump’s planned tariffs on Chinese imports.
In a letter to the President, the group said that while it had serious concerns regarding China’s trade policies and practices, it regarded tariffs as likely to have harmful consequences for the US economy.
The imposition of sweeping tariffs would trigger a chain reaction of negative consequences for the U.S. economy, the group warned. “The Administration should not respond to unfair Chinese practices and policies by imposing tariffs or other measures that will harm US companies, workers, farmers, ranchers, consumers, and investors,” the three-page letter stated.
PPAI, which represents the $21-plus billion promotional products industry, is encouraging industry practitioners to contact their members of Congress and urging them to oppose the tariff proposal.
The associations outline how imposing tariffs would harm consumers, workers and a wide range of industries across the country and would negate recent gains for the US economy and the benefits of comprehensive tax reform. Tariffs on electronics, apparel and other consumer products would increase prices for US consumers and businesses while doing little to address the fundamental challenges posed by unfair and discriminatory Chinese trade practices. The associations encourage the Administration to work with industry experts to identify a targeted solution to this problem.
President Trump announced tariffs of 25% on Chinese goods worth $50 billion, only for China to announce its own $50bn of US goods that it would raise tariffs on. Further tariffs have been threatened by both sides in the tit-for-tat row.