Loading...

Murphy, Cunningham Urge Leadership to Suspend Tariffs During Coronavirus Crisis

March 19, 2020 by Dan McCue
Murphy, Cunningham Urge Leadership to Suspend Tariffs During Coronavirus Crisis
Blue Dog Democrat Rep. Stephanie Murphy.

WASHINGTON – Reps. Stephanie Murphy, D-Fla., and Joe Cunningham, D-S.C., have written a letter to the Congressional leadership, urging them to temporarily suspend tariffs imposed by the White House as part of Congress’ upcoming coronavirus response bill.

Both Murphy, a member of the House Ways and Means Subcommittee on Trade, and Cunningham, represent trade-dependent congressional districts that have been hard hit by the ongoing tariff conflict.

In their letter, the representatives argue a “détente” would provide much-needed relief to millions of American families and businesses affected by coronavirus.

Murphy and Cunningham also push for Congress to prohibit any new tariffs, which are taxes on American families and businesses, from being imposed during this public health emergency. They are also asking that  American businesses receive a refund of tariffs paid to date to help them weather this economic crisis.

“We are living in a dramatically different world than we were just several weeks ago,” they write. “Many American workers and businesses that were once thriving, or at least surviving, now suddenly stand on the precipice of financial ruin. 

“These tariffs and counter-tariffs are making their life more difficult—a strong headwind in what is quickly becoming a violent economic storm—and we have the obligation to relieve that burden to the greatest extent possible,” Murphy and Cunningham add.

The Trump administration has imposed tariffs on many Chinese imports under Section 301 of the Trade Act of 1974 and on aluminum and steel imports from nearly every country under Section 232 of the Trade Expansion Act of 1962. 

This has led China and many other countries to retaliate by imposing tariffs on a wide variety of American exports. Today, 161 trade associations representing businesses in every sector urged the president to temporarily suspend these tariffs.

Murphy and Cunningham sent their letter to House Speaker Nancy Pelosi, House Minority Leader Kevin McCarthy, House Majority Leader Steny Hoyer, Senate Majority Leader Mitch McConnell, and Senate Minority Leader Chuck Schumer.

The full text of the letter can be found here.

In The News

Health

Voting

Economy

Key Inflation Gauge Tracked by the Fed Remains a High 6.3%

WASHINGTON (AP) — A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from... Read More

WASHINGTON (AP) — A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from its level in April. Thursday's report from the Commerce Department provided the latest evidence that painfully high inflation is pressuring American... Read More

Fewer Americans File for Jobless Aid

WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week as the U.S. job market remains robust despite four-decade... Read More

WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week as the U.S. job market remains robust despite four-decade high inflation and a myriad of other economic pressures. Applications for jobless aid for the week ending June 18 fell to 229,000, a decline of 2,000... Read More

June 22, 2022
by Dan McCue
Biden Calls for ‘Gas Tax Holiday’ in Bid to Kneecap Inflation Woes

WASHINGTON — President Joe Biden on Thursday called on Congress to suspend the federal tax on gas and diesel for... Read More

WASHINGTON — President Joe Biden on Thursday called on Congress to suspend the federal tax on gas and diesel for three months to provide some relief to soaring inflation and surging prices at the pump. The federal gas tax holiday the president is seeking would suspend... Read More

Wall Street Gets Back to Tumbling After 1-Day Reprieve

NEW YORK (AP) — Markets worldwide are back to tumbling on Thursday, and Wall Street is down roughly 3% in... Read More

NEW YORK (AP) — Markets worldwide are back to tumbling on Thursday, and Wall Street is down roughly 3% in a widespread wipeout as worries about a fragile economy roar back to the fore. The S&P 500 was 3.1% lower in afternoon trading, more than reversing... Read More

Biden Tells Oil Refiners: Produce More Gas, Fewer Profits

President Joe Biden on Wednesday called on U.S. oil refiners to produce more gasoline and diesel, saying their profits have tripled during... Read More

President Joe Biden on Wednesday called on U.S. oil refiners to produce more gasoline and diesel, saying their profits have tripled during a time of war between Russia and Ukraine as Americans struggle with record high prices at the pump. “The crunch that families are facing deserves immediate action,” Biden... Read More

Wall Street Wobbles a Day After Tumbling Into Bear Market

NEW YORK (AP) — Wall Street is wobbling between gains and losses Tuesday in its first trading after tumbling into... Read More

NEW YORK (AP) — Wall Street is wobbling between gains and losses Tuesday in its first trading after tumbling into a bear market on worries about a fragile economy and rising rates. The S&P 500 was 0.1% higher in early trading after a couple big companies flexed financial... Read More

News From The Well