Trading opinions over tariffs and taxes

Tuesday, January 8, 2019
 | 
Chris Woodward (OneNewsNow.com)

shipping containers at NJ portWhile trade talks are continuing today between U.S. and China officials over tariffs, a conservative think tank says this "trade war" is hurting the average person on both countries.

President Donald Trump expressed optimism about the trade negotiations over the weekend, claiming that tariffs have hurt China "very badly."

There is no disagreement that China enjoys a lopsided trade deficit with the United States that runs into the billions of dollars, and Trump's "America First" policy is seeking to bring those numbers closer together by putting tariffs on Chinese-made goods. But a tariff is akin to a tax on U.S. consumers who pay more for the products.

cash register"It makes it more expensive to buy things from abroad, so everyone is being hurt by this," argues Tori Whiting of The Heritage Foundation.

However the trade negotiations are resolved, she adds, the tariffs imposed over the last year deserve to be removed going into the future.

Not every center-right organization is as concerned about tariffs as The Heritage Foundation.

farmer plowingWhen the U.S. and China recently agreed to temporarily suspend tariff increases, Robert Romano of Americans for Limited Government told OneNewsNow that a tariff is a type of tax but said he supports using them as a "negotiating tool" against china.

He went on to argue there is "no other way."

Whiting, however, says Heritage supports addressing trade concerns with the World Trade Organization and also supports punishing companies that steal trade secrets from U.S. companies.

"I think the United States and China, and more importantly the American people and the Chinese people," she argues, "are being hurt by this trade war between the U.S. and China."

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