“Food and beverage manufacturing is the single largest manufacturing sector in the country and bakery is the biggest piece of that. Therefore we feel we are a prime target for retaliatory tariffs from China and others in trade disputes.” – MacKie
Washington, D.C. – The US Trade Representative affirmed today that it would be increasing the list three tariffs levied against China from 10% to 25% in response to a perceived lack of motivation by Chinese negotiators.
“While we support the tax cuts and overall deregulatory agenda of the Administration, these ongoing tariff battles put the industry at a significant disadvantage and jeopardizes our potential for economic growth.”
The third list of tariffs included many dry ingredients that are used in finished baked products as well as some manufacturing equipment. Currently, the Administration has been unwilling to provide a process for excluding products on the third list.
“Our federal government’s departure from free-trade principles has predictably damaged our domestic manufacturing economy,” continued MacKie. “It is safe to say that any gains made through the tax bill have been threatened.”
-American Bakers Association-
The American Bakers Association (ABA) is the Washington D.C.-based voice of the wholesale baking industry. Since 1897, ABA has represented the interests of bakers before the U.S. Congress, federal agencies, and international regulatory authorities. ABA advocates on behalf of more than 1,000 baking facilities and baking company suppliers. ABA members produce bread, rolls, cookies, crackers, bagels, sweet goods, tortillas and many other wholesome, nutritious, baked products for America’s families. The baking industry generates more than $153 billion in economic activity annually and employs more than 799,500 highly skilled people.