As the United States and other countries respond to the COVID-19 pandemic, shortages of some medical products, like personal protective equipment (PPE), have led to renewed calls for “Buy American” rules and other measures to “reshore” supply chains. Let’s be very clear: The U.S. Chamber of Commerce is laser-focused on making the United States the best place in the…
John G. Murphy
Featured Blog, John G. Murphy
The High Price of Tariffs
On Monday the White House announced it had “directed the United States Trade Representative (USTR) to proceed with placing additional tariffs on roughly $200 billion of imports from China”. While popular rhetoric suggests that tariffs are “slapped” on a foreign country, tariffs are of course taxes paid by Americans. It’s U.S. consumers, not foreigners, who…