Bernie Moreno Says U.S. Tariffs Are Here To Stay – Predicts Trade Policies Will Remain Unchanged Despite Industry Pushback

In a recent Fox News Digital interview, Bernie Moreno, a business owner and now political figure, didn't mince words on U.S. trade policies: tariffs are here to stay. He's making waves with his strong support for keeping tariffs, even as some industry leaders push for reductions. 

Moreno's perspective, shaped by his experience building a car dealership network and his recent political win, is rooted in a vision of economic protectionism that aims to keep jobs and businesses within the U.S. 

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He echoes recent administrations’ sentiments, stressing the need for a tax system that rewards companies that bring jobs back to America while discouraging those that offshore them.

Trade policies in the U.S. have shifted recently, with tariffs on Chinese goods becoming a strategy staple. Under former President Donald Trump, tariffs were introduced on many Chinese imports, setting a barrier of about 10 to 20 percent on goods coming in from overseas. 

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Moreno's stance shows he supports encouraging investment in U.S. industries and keeping foreign competition at bay. But there's a catch: according to the Tax Foundation, U.S. businesses and consumers are now shouldering an estimated $77 billion in extra costs due to these tariffs on Chinese products.

U.S. Trade Rep. Katherine Tai argues that tariffs are essential to support American workers and maintain critical supply chains. However, Tai and other experts acknowledge the downsides, noting that tariffs can increase costs for essential components in industries like manufacturing and electronics.

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The debate around tariffs, especially broad ones like those currently in effect, is far from settled. According to the Tax Foundation, tariffs on Chinese goods alone add about $77 billion in extra costs annually to U.S. businesses and consumers. This “trade tax” filters down, raising consumer prices and straining the wallets of everyday Americans.

Sen. Sherrod Brown, a former competitor of Moreno's, calls for a more nuanced approach. Brown advocates for selective tariffs – focusing on imports like Chinese electric vehicles – that protect U.S. industries critical to national security without overburdening other sectors. 

Brown has suggested that the economic well-being of Americans is best served by focusing tariffs on strategic imports rather than blanketing an entire economy with them.

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