Monday, July 11, 2016

Trump and U.S. Chamber of Commerce Pull No Punches on Trade Policy

Trump and U.S. Chamber of Commerce Pull No Punches on Trade Policy




In January, Thomas J. Donohue, the feisty chief executive of the U.S. Chamber of Commerce, noted — without naming names — that there were “loud voices” this election season who talked about walling off America from talent and trade. He called that position “morally wrong and politically stupid.”
In March, Mr. Donohue got a little more blunt. “Donald Trump has very little idea about what trade really is,” he told Bloomberg television.
And recently, the gloves came off completely.
As the presumptive Republican nominee gave a speech, threatening to rip up trade accords and put tariffs on goods from China, the chamber live-tweeted its jabs and counterpunches. “Under Trump’s trade plans, we would see higher prices, fewer jobs, and a weaker economy,” read one tweet.
Another tweet warned that the chamber’s analysis shows that Mr. Trump’s proposed tariffs “would strip us of at least 3.5 million jobs.”

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