Posted on 01/16/2024 10:09:24 PM PST by E. Pluribus Unum
United States Chamber of Commerce CEO Suzanne Clark made a veiled attack against former President Donald Trump’s economic nationalist agenda, declaring that tariffs and reshoring America’s manufacturing base threaten the global economy.
During Clark’s annual speech to big business late last week, the Chamber executive said Americans must embrace globalization and free trade rather than seek to reshore American jobs that have been lost to China and other foreign countries over the last three decades.
Alone, the U.S. trade deficit with China since 2001 has eliminated nearly four million American jobs. Almost three million of these lost jobs, or about 75 percent, were in the nation’s manufacturing sector.
“Let’s be very clear: In a global economy, and in fragile geopolitical times, it is in America’s best interest for other economies to grow and succeed through free markets. Prosperous nations are stable nations — they become partners, allies, and ballasts against authoritarianism,” Clark said:
A global trend of protectionism, including here in the U.S., puts all of this at risk. To turn inward — to throw up trade barriers, impose tariffs, stop doing trade deals, reactively repatriate supply chains — is to inflict harm on our own economy. It robs our businesses and workers of new opportunities, and it raises prices for every American. [Emphasis added]
Like the free markets, the global economy is not a zero-sum game. Someone else doesn’t have to lose for us to win. On the contrary — the rise of the rest means new customers, new markets, and new allies, for us. [Emphasis added]
(Excerpt) Read more at breitbart.com ...
The Chamber of Commerce looks out for the interests of the CEO class which funds them, NOT middle and working class Americans.
They look out for major corporations, NOT small businesses.
Never forget who funds them.
I have not trusted the US CHAMBER OF COMMERCE in over 30 years.
👍🏻👍🏻👍🏻
Its helping China that is at risk and the idiots at the Chamber of Commerce know it.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.