Our trade policies determine our relationship with other countries and the strength of the American economy. Embracing responsible and free, fair trade is crucial to our country’s economic revival as we emerge from the pandemic.
The economic damage caused by high tariffs is well-documented. Tariffs, or import taxes, cost American jobs and increase the cost of manufactured goods, making it more difficult for U.S. industries to benefit their employers and customers. Moreover, tariffs are unnecessary and burdensome to the business community. In Silicon Valley, our high-tech industries are more than capable of competing with their foreign counterparts. Placing trade barriers on their operations will only hinder their capability to contribute to the economy and provide jobs for thousands of skilled workers. A removal of unnecessary tariffs and commitment to a free-trade policy will allow America’s businesses to become more competitive and drive economic growth.