The Commerce Department has launced the above “Colombia Tariff Ticker” to highlight just how much money American businesses are losing in tariffs paid to the Colombian government. Tariffs that would be reduced to zero if only our labor union controlled Congress would pass the Cololmbia Free Trade Agreement. According to the Department of Commerce:
Since the Colombia FTA was signed, nearly $1 billion in tariffs have been assessed to U.S. products being exported to Colombia. If Congress were to pass the U.S.-Colombia Trade Promotion Agreement, tariffs on more than 70 percent of U.S. agricultural products destined to Colombia would be eliminated immediately.