Taxpayers Protection Alliance Statement on President Trump’s Imposition of Tariffs on Steel and Aluminum Imports

David Williams

March 8, 2018

For Immediate Release
March 8, 2018
Contact: Grace Morgan

WASHINGTON, D.C. – Today, David Williams, President of the Taxpayers Protection Alliance (TPA), slammed President Trump’s announcement of tariffs on steel and aluminum imports to the United States.  In a March 6 open letter signed by 30 free market organizations, TPA cautioned against the tariffs, citing the costs posed to consumers. 

Williams argued that, “if the U.S. government develops a fortress mentality in a global marketplace, it will spur trading partners to treat U.S. products in the same manner. If foreign governments respond with tariffs of their own, U.S. exports of manufactured goods could decline. Nothing is more important to long-term U.S. prosperity than being able to sell exceptional products in markets that 95 percent of the global population calls home.  The number of free market, pro-consumer groups who joined with us to address the President on this matter in our joint letter is a testament to the severe negative impact these tariffs will have on the economy.”

Williams continued: “The tariffs amount to a tax on consumers. They are a burden on the average taxpayer, and will raise costs on consumer products of all kinds, from canned goods to cars. Additionally, the tariffs will increase costs for countless supply chains in the U.S, and those excess costs will be passed straight down to the consumer. While consumers will feel an immediate impact on their wallets from these tariffs, the long-run effects could be even more severe. These tariffs will surely solicit retaliatory trade restrictions from U.S trade partners across the globe, with middle-class taxpayers and their families bearing the brunt of resulting trade conflicts.”

Williams concluded: “The President has made some great progress towards helping the middle class with tax reform. Levying tariffs on steel and aluminum imports is a step in the wrong direction. Protectionist trade policies inhibit free trade. It would be a mistake to run away from the policies that have kept prices down for consumers and steered our economy in a positive direction for decades.”