President Donald Trump's aggressive and wildly unpredictable use of tariffs is spooking American business groups, which have long formed a potent force in his Republican Party. Corporate America was blindsided last week when Trump threatened to impose crippling taxes on Mexican imports in a push
WASHINGTON — President Donald Trump's aggressive and wildly unpredictable use of tariffs is spooking American business groups, which have long formed a potent force in his Republican Party.
Business groups, already uncomfortable with Trump's attempts to stem immigration, are struggling to figure out where to stand in the fast-shifting political climate. They have happily supported his corporate tax cuts and his moves to loosen environmental and other regulations. But many are concerned about the president's mercurial approach to tariffs.
Just last week, the sprawling network led by the billionaire industrialist Charles Koch announced the creation of several political action committees focused on policy — including one devoted to free trade — to back Republicans or Democrats who break with Trump's trade policies. A powerful force in Republican politics, the network is already a year into a"multi-year multi-million dollar" campaign to promote the dangers of tariff and protectionist trade policies.
Trump's tariffs are taxes paid by American importers and are typically passed along to their customers. They can provoke retaliatory tariffs on U.S. exports. And they can paralyze businesses, uncertain about where they should buy supplies or situate factories. "This really came out of left field," said Daniel Ujczo, a trade lawyer at Dickinson Wright."It was something we thought we had settled, and we hadn't."
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