Background

The Republican Party platform for this fall’s elections, which is expected to be formally adopted at the Republican National Convention the week of July 15, includes a number of measures that would increase costs for importers and consumers.

Click here for more information on how to mitigate these costs.

Decrying the “unfair trade deals and blind faith in the siren song of globalism” of years past, the platform pledges to take the following measures to “continue forging an America First Trade Policy.”

- revoke permanent normal trade relations status for imports from China, which would immediately increase import duties on such goods (former President Trump has also suggested a 60 percent or higher tariff on imports from China but the platform makes no reference to that)

- support baseline tariffs on all foreign-made goods (former President Trump has suggested a 10 percent rate for such tariffs, but the platform offers no specifics)

- pass the Trump Reciprocal Trade Act, which would enable the president to impose tariffs on goods imported from specific countries at the same rate as the tariffs they impose on imports of U.S. goods

- phase out imports of essential goods from China

- preventing imports of automobiles from China

- return critical supply chains to the U.S. and ensure national independence in essential goods and services

- prohibit companies that outsource jobs overseas from doing business with the federal government

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