Chamber Of Commerce Turns On Trump With Campaign To Oppose Tariffs

The US Chamber of Commerce has been opposed to President Trump's trade war since before Trump even won the Republican nomination. Back in March 2016, CoC President Tom Donohue warned that Trump "would be impeached" if he followed through with his threats of slapping tariffs on China and Mexico. Now, more than two years later, the chamber - which bills itself as the largest interest interest group representing US businesses - is launching an all-out offensive to oppose Trump's trade policies, according to Reuters

Trump

The campaign, which officially launched Monday, is described as "an aggressive effort by the business lobbying giant. Using a state-by-state analysis, it argues that Trump is risking a global trade war that will hit the wallets of US consumers."

"The administration is threatening to undermine the economic progress it worked so hard to achieve," said Chamber President Tom Donohue in a statement to Reuters. "We should seek free and fair trade, but this is just not the way to do it."

Of course, Donohue's criticism begs the question: If this isn't the solution to achieving "free and fair" trade, then what is?

The campaign represents a major shift in the Chamber's stance toward the administration after it applauded the Trump tax cuts. The CoC represents 3 million members and has historically worked closely with Republican presidents and lawmakers. Yet, as it turns out, its plan of attack isn't all that different from the European Union's attempts to dissuade Trump from moving ahead with his tariffs, lest they spark a global trade war. To wit, both entities have resorted to warning Trump about the negative economic impact his tariffs might have on states that he won during the 2016 race.

Of course, just because Trump's trade policies might trigger an economic backlash doesn't mean his blue-collar voters will abandon him en masse. Workers at Harley-Davidson's Menomonee Falls plant told the FT that they support Trump's trade moves despite the fact that "they could end up as collateral damage."

We wonder how effective the chamber's argument will be considering that the president can already point to tangible results from his policies in the form of a collapsing US trade deficit.

Trade

Comments

takeaction Mon, 07/02/2018 - 15:35 Permalink

COC...is going to lose this one....more deep state at work. 

I think you are missing a letter Coc....k.

Update...You see what Platinum and Gold are doing?...Yikes. The +$1000 spike seems to be eluding us...

If this shit show keeps going like this in metals...I may have to buy more....I don't want to...but man these seem like deals.

CashMcCall spiral galaxy Mon, 07/02/2018 - 19:33 Permalink

You just listed a few of the leading reason why US companies should leave the USA. But you forgot the most litigious environment in the world. Highest worker absenteeism. Most disability claims. Most theft. Most taxes... Obamacare, FICA, SOC Security and property taxes. Corp Tax has always been irrelevant since few companies paid over 10% in taxes in the past. Then you have UNIONS. Less work more pay. Diversity hiring. In short the USA is a workplaces cesspool. 

In reply to by spiral galaxy

Theosebes Goodfellow Stuck on Zero Mon, 07/02/2018 - 15:55 Permalink

~"We should seek free and fair trade, but this is just not the way to do it."~ Tom Donohue, current President of the U.S. Chamber of Commerce

~"Merchants have no country. The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains."~ Thomas Jefferson, 2nd US President

 

Now just who are you going to believe?

In reply to by Stuck on Zero

geno-econ MANvsMACHINE Mon, 07/02/2018 - 17:14 Permalink

Here are the real facts .    U.S.Chamber of Commerce represents large  Corporations who have become multi nationals in the last 30 years and therefore advocate free trade.  Before that, the American Association of Exporters and Importers AAEI were the only broad based association advocating free trade but now mainly concentrate on U.S. Customs matters because their corporate contacts are Customs managers involved in logistics, not CEO's responsible for policy.  Even the old National Association of Manufacturers NAM has changed it's name and is now free trade oriented.  Point is it will take a major upheaval to change corporate America and Trump knows this.  Question is how far will he go or is all this just bluster playing to his powerless base ?   You decide , but time will tell---probably after November Congressional elections

In reply to by MANvsMACHINE

snblitz geno-econ Mon, 07/02/2018 - 18:49 Permalink

It is called "regulatory capture".  Regulatory bodies are captured by the industries they were meant to regulate.  They then become enforcers for those with the most money (or are the most corrupt) against everyone else.

This same "effect" happens in all organizations.

Look at the Congress -- owned by foreign interests via family and foundations.

In reply to by geno-econ

Zorba's idea JimmyJones Mon, 07/02/2018 - 21:48 Permalink

The Chamber does not represent ordinary US citizens. The Chamber ONLY represents the US Corporate citizens, you know, the extra-ordinary one's with all the special privileges our SCOTUS's made out of the Constitution's scrotum to shove wherever they damn well please. It would be yuuuge if Trump called them out for being anti American. The perfect day is almost here...the 4th of July...Independence day. Do your country proud Donald...call the next SCJ nominee a champion for the END CORPORATE CITIZENSHIP now! That would put the Demwit's and the RINO's in a submission hold they couldn't squirm out of. Happy Fourth of July ZHr's....same to all the month old tadpoles here.  

In reply to by JimmyJones

38BWD22 DingleBarryObummer Mon, 07/02/2018 - 15:44 Permalink

 

For most of my adult life I was an ardent "free trader", but I have over the past two or so years finally understood that free trade only works well when reciprocal.

And the worst abuse is theft of intellectual property.  

#MAGA

 

EDIT: Free traders believe in buying rolling bearings from whomever they wish.  It should be easy to understand how I have felt.  Note that Peru does not make bearings.

In reply to by DingleBarryObummer

DemandSider Kayman Tue, 07/03/2018 - 08:01 Permalink

My experience with PRC bearings and SK bearings for a Saturn' front wheels mirrors yours. The PRC bearings felt too loose even before installation, as if the races had fewer bearings or were short of grease, while the SK bearings stayed nice and precise and rigid. The PRC isn't quite there yet, with bearings.

In reply to by Kayman

DingleBarryObummer tmosley Mon, 07/02/2018 - 15:53 Permalink

Fvck deals and negotiations, TMemesly.  Your mental state is operating in a public-image fantasy:

1.  It's probably already too late to get back the manufacturing base.  There's still a shot, but we need to throw the "hail Mary pass" (heavy tariffs on China)... NOW.

2.  Xi will smile and nod like a goof, and turn around and do whatever he wants.  The Chicoms will not follow through on anything they agree to.  They are very proud, perhaps to a fault, and they do not respect Trump or America; at all.  They have spent decades laboring and planning to build their manufacturing base / trade surplus, and they have big plans to replace American global Hegemony.  They are not just going to fold.  Hardball is necessary. 

3. Negotiations are just kicking the can down the road for the inevitable one of two scenarios: either we wage a serious trade war (And just a reminder: Trump himself said we will incur some short term pain for long term gain), or the Chinese (over time) replace the US as global leader and richer country.

From @roddy6667

This kind of negotiating works in business when you are working against other sleazy individuals and corporate entities you will never see again. All that matters is how much money you take off the table and walk away with.

In international diplomacy things are different. Countries are there year after year, century after century. Sleazy, one-shot tactics only leave a bad taste in everybody's mouth and contribute to America's reputation for breaking every treaty it ever signed.

In reply to by tmosley

Dickguzinya tmosley Mon, 07/02/2018 - 15:54 Permalink

Impeach Trump?  Who does Tom Dono-whore think he's fooling?  Dono-whore and his fellow obsequious shills will be hung for their treason and sedition.  These clowns are new world order scumbags, who are propagating flooding our country with cheap labor, in order to increase their overlords profit margin/bottom line.  Impeach President Trump?  No, not happening.

In reply to by tmosley

JRobby Dickguzinya Mon, 07/02/2018 - 16:46 Permalink

Hanging is of course fun, but there is nothing like the rush one gets out of a good stoning.

The end is becoming visible to the deep state so expect them to "pull out all the stops" right through November in an attempt to maintain the fiction.

More and more of these puppet organizations will "decide to come out against Trump".

At this point, there are several thousand (5 figures) treasonous operatives working against the interests and will of the Citizens of the United States of America.

There are a lot of stones about.

In reply to by Dickguzinya