Business, Farm, Union Groups React to Trump’s Tariffs

DanIndustry News Release, Trade

Reaction to the tariffs on steel and aluminum imports has been mixed among different sectors of the economy.

businessThe Hagstrom Report says Business Roundtable President and CEO Joshua Bolten calls the tariffs a major unforced error by President Trump that will put America’s economic progress at risk. He says, “The tariffs will cause significant harm to industries that rely on imported steel and aluminum. Higher production costs mean higher prices, making American products more expensive, thereby putting American jobs at risk.”

The Farmers for Free Trade Coalition says it expects that these tariffs will cause retaliation “that comes straight out of the pockets of American farmers.”

American Soybean Association President John Heisdorffer says, “These tariffs are a disastrous course of action from the White House. We’ve already heard from China that U.S. soybeans are among the prime targets for retaliation.”

AFL-CIO President Richard Trumka argues that there is no danger that Trump’s new tariffs will start a trade war, noting that there are already 435 U.S. tariffs in place to try and fight cheaters.

Alliance for American Manufacturing President Scott Paul says 500 people are heading back to work for U.S. Steel because of Trump’s move to protect their industry.

From the National Association of Farm Broadcasting News Service.