The Household & Commercial Products Association (HCPA) released the following statement today, attributed to Steve Caldeira, President and CEO of HCPA, after tariffs on $200 billion of imports from China were increased from 10 percent to 25 percent, effective at 12:01 a.m.
“Although recent bilateral trade talks held promise for ending the year-long trade war between the U.S. and China, the U.S. Trade Representative’s announcement regarding increased tariffs on imports from China is clearly disappointing and economically damaging to the household and commercial products industry. HCPA member companies support nearly 200,000 American jobs and sell $180 billion annually of products that are essential to health in American homes and workplaces.
By increasing the costs to these essential, everyday products and inviting retaliatory tariffs on the finished products that American industry ships abroad, the Administration is effectively placing a tax on consumer products that will ultimately be paid by Americans and cost jobs. HCPA condemns these increased tariffs, which will most assuredly escalate the trade feud with China, and respectfully urges the Administration to continue to engage productively in bilateral negotiations to bring stability back to the American economy.”