McConnell On Vote To Support Kentucky, Reject Tariff War: “The Last Thing We Need Is To Pick Fights With… Friends”

WASHINGTON, D.C.
–
U.S. Senator Mitch McConnell (R-KY) released the following statement today following his vote in favor of legislation to undo the tariffs on Canada, Kentucky’s largest trade market:
“As I have always warned, tariffs are bad policy, and trade wars with our partners hurt working people most. Tariffs drive up the cost of goods and services. They are a tax on everyday working Americans. Preserving the long-term prosperity of American industry and workers requires working with our allies, not against them. With so much at stake globally, the last thing we need is to pick fights with the very friends with whom we should be working with to protect against China’s predatory and unfair trade practices. That includes what we do on trade. Tariffs make it more expensive to do business in America, driving up costs for producers and consumers across the board. In Kentucky, broad-based tariffs could even have long-term consequences right in our backyard. Consider our state’s 69,000 family farms that sell their crops around the globe, or the hardworking Kentuckians who craft 95% of the world’s bourbon, or our automotive and manufacturing industries that rely on global supply chains. Make no mistake: goods made in America will be more expensive to manufacture and, ultimately, for consumers to purchase, with higher broad-based tariffs.  At a time when Americans are tightening their belts, we would do well to avoid policies that heap on the pain. We ought to strengthen our friendships abroad, and reinforce our allies as pillars of American prosperity and security.”
BACKGROUND:
In Kentucky, local storeowners are already hearing about their suppliers’ prices going up.
One estimate
suggests the president’s tariffs could cost the average Kentuckian up to $1,200 each year.
Canada is the top export market for Kentucky
, exporting $9.3 billion and importing $6 billion in goods annually.
Caleb Ragland, president of the American Soybean Association and a soy farmer in Magnolia, Kentucky in the
Wall Street Journal
: “It’s hitting us on all fronts,” said Caleb Ragland, president of the American Soybean Association and a soy farmer in Magnolia, Ky. “You’re talking about the potential of a flat-out crisis in rural America and the farm economy.”… Trump’s first trade war led to more than $27 billion in losses of agricultural exports, according to USDA research. Soybeans accounted for nearly 71% of that. In response, China started importing more soybeans from Brazil, and U.S. soybean farmers have yet to regain their market share, according to Ragland of the soybean association.
McConnell op-ed in the
Courier Journal: Kentuckians can't afford the high cost of Trump's tariffs
McConnell article in
Foreign Affairs magazine: The Price of American Retreat