In response to one of the worst days in financial markets this year, Scott Lincicome, senior policy analyst for Republicans Fighting Tariffs released the following statement:
The pain of current US tariffs and foreign retaliation, coupled with the prospect of new tariffs on nearly a half-trillion dollars worth of imports from China, whose middle class is bigger than the entire U.S. population, threatens the prospects of every American business with import needs or global ambitions. Instead of erecting trade barriers, which never increase prosperity, President Trump should tap his self-professed ‘deal making’ prowess to defuse the ticking trade war bomb and then to help American businesses expand their customer base without simultaneously threatening it.