What Manufacturers are Saying About Proposed Tariffs
March 6, 2018
Trade associations, manufacturing companies and unions give their takes on tariffs on steel and aluminum.
The manufacturing sector is quite alarmed by President Trump's proposed tariff of 25% on imported steel and 10% on aluminum. The auto companies, in particular, have made it known the increase will have adverse effects on the industry as higher prices will push down demand and eventually could lead to job loss.
Other sectors such as metalforming, appliance and aluminum aren't in agreement that tariffs will solve the problem. On the other hand, some unions see the new rules as a way to protect US workers.
Additionally, the tariff situation is affecting NAFTA talks as well.
IndustryWeek has been offering a variety of viewpoints and stories about the issue.
