John Hoeven Struggles with Economics

May 14th, 2019

John Hoeven Struggles with Economics

(BISMARCK, ND) – Who is really paying the price for Chinese tariffs? American consumers and farmers, that’s who. The President’s own economic advisor, Larry Kudlow, admitted this reality in an interview on Fox News. This unusually honest rhetoric deviates from the Administration’s talking points that higher tariffs are actually multibillion-dollar payments made by China directly to the U.S. Treasury.

However, Senator John Hoeven, Chairman of the Senate Agriculture Appropriations Committee and a member of the Senate Agriculture Committee has had absolutely no issue parroting these inaccurate claims. He stated the trade war continues to generate revenue for the United States, which could be used to fund aid to farmers. The Associated Press was compelled to correct Hoeven’s inaccurate statement. The truth is, tariffs are not paid for by China, but by American companies, farmers, and consumers.

“The trade war is adversely affecting the entire nation, with an emphasis on North Dakota’s farming community. Farmers cannot be forced to live in limbo while their Senator is in desperate need of an Economics 101 class,” said Alison Jones, Communications Director of the North Dakota Democratic-NPL Party. “It’s one thing to defend the Administration if you feel it’s in the best interest of the country, but Senator John Hoeven should know better than to spread inaccuracies to his own constituents.”