Largest U.S. business group attacks Trump on tariffs
Largest U.S. business group attacks Trump on tariffs. The U.S. Chamber of Commerce, the nation’s largest business group and customarily a close ally of President Donald Trump’s Republican Party, is launching a campaign on Monday to oppose Trump’s trade tariff policies.
The U.S. Chamber of Commerce, the nation’s largest business lobbying group and customarily a close ally of President Donald Trump’s Republican Party, is launching a campaign on Monday to oppose Trump’s trade tariff policies.
The new campaign, detailed first to Reuters, will provide an analysis of the financial hit each U.S. state stands take from potential retaliation to Trump’s tariffs. It argues that Trump is risking a global trade war that will hit the wallets of U.S. consumers.
For example, the Chamber’s report finds that $3.9 billion worth of exports from Texas could be targeted by retaliatory tariffs, including $1.6 billion from Mexico and $1.4 billion from China. Texas sends $321 million in meat exports to Mexico each year that could be affected. It exports $494 million in grain sorghum to China
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