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The importance of free trade to Eagle County
In Eagle County, where tourism, outdoor recreation, and a diverse service economy drive our prosperity, free trade is not just a policy debate. It is a fundamental pillar of our success. Yet, despite overwhelming evidence that open markets benefit businesses and consumers alike, we continue to see protectionist policies, such as tariffs and trade restrictions, threaten economic growth, raise costs, and negatively impact the businesses they are supposed to help.
A recent U.S. Chamber of Commerce survey found that most Americans recognize trade as a net positive for their lives and communities. By a nearly six-to-one margin, Americans believe trade improves their standard of living. This is especially true here in Eagle County, where international visitors contribute significantly to our tourism economy and many local businesses rely on global supply chains to access goods.
More than 40 million American jobs depend on trade, and in a community like ours—where hospitality, retail, and small businesses form the backbone of our economy—any disruption to global commerce has immediate and lasting effects. Tariffs, often billed as a way to protect American industries, instead act as hidden taxes that drive up costs for consumers and businesses alike. When the price of essential goods rises, it puts a strain on local businesses, making it harder to compete and grow.
History provides a cautionary tale about the dangers of protectionist trade policies. The Smoot-Hawley Tariff Act of 1930, enacted in an effort to protect American farmers and manufacturers, instead led to devastating consequences. By imposing steep tariffs on imported goods, the law triggered retaliatory tariffs from other nations, causing a sharp decline in global trade. This exacerbated the Great Depression, leading to widespread job losses, reduced consumer purchasing power, and prolonged economic hardship. The lesson is clear: tariffs and trade restrictions often backfire, harming the very industries they intend to protect.
As President Ronald Reagan once said, "Our peaceful trading partners are not our enemies; they are our customers." Reagan understood that free trade fosters economic growth and strengthens global alliances. He also warned against the dangers of tariffs, stating, "We should beware of the demagogues who are ready to declare a trade war against our friends—weakening our economy, our national security, and the entire free world—all while cynically waving the American flag."
Our economy thrives on relationships with international visitors and investors. Eagle County’s resorts, outdoor recreation companies, and the real estate market all benefit from a steady flow of foreign investment and tourism. Policies that restrict trade or impose burdensome tariffs risk alienating our global partners and reducing the economic vibrancy that makes our region so special.
The U.S. should lead in crafting pro-growth trade agreements that open new markets for American-made goods and services. Two-thirds of Americans agree, recognizing the value of strategic trade partnerships. In order to ensure continued economic prosperity in Eagle County and beyond, we must advocate for policies that expand—not restrict—trade opportunities.
As a community, we must push back against protectionist policies that harm our businesses and residents. We should support initiatives that enhance trade relationships, lower barriers, and encourage international commerce. By doing so, we ensure a stronger, more resilient economy—one that keeps Eagle County thriving and supports our people, our businesses, and our economy.
Tariffs and isolationist trade policies are not the answer. Embracing free trade, fostering global partnerships, and reducing barriers to commerce will keep our local businesses competitive, our economy strong, and our community connected to the broader world.
Chris Romer is president & CEO of Vail Valley Partnership, 3-time national chamber of the year. Learn more at VailValleyPartnership.com
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Additional Info
Organization Name : Vail Valley Partnership