High tariffs can be detrimental to trade. Just as they were in 1930 with the Smoot-Hawley Tariff. It was designed to help American industries but instead created a worldwide tariff war that amplified the Great Depression. While we must hold China and other nations accountable for fair trade practices, we must acknowledge that every tariff action could produce a reaction that actually undermines our economy.
- We need to negotiate trade deals that are reasonable and work for Tennesseans.
- This includes deals with our economic rivals in China and our economic allies in Europe and our closest neighbors.