Chamber Of Commerce Warns Trade War Bailouts A 'Slippery Slope'

Investing.com - The U.S. Chamber of Commerce is warning against Trump administration bailouts for sectors of the economy affected by the U.S. trade war with other countries. In a new analysis, the Chamber says bailouts similar to the $12 billion one proposed for farmers would cost an additional $27 billion.The business group says a bailout to any one group is a "slippery and costly slope," and is instead urging the Trump administration to remove harmful tariffs.The Chamber says thousands of U.S. companies "are finding it more difficult to sell American made products abroad amid the growing trade war."The Chamber's analysis estimates the individual bailout cost of more than two dozen industries and sectors, putting the total tab to taxpayers at $39 billion.The mos t cos tly are th ose for automobiles and motorcycles, iron and steel producers and aluminum producers and manufacturers.