Equipment Type

AEM Responds to Tariff Plan

Association of Equipment Manufacturers (AEM) President Dennis Slater said President Trump should drop his proposed tariff on steel and focus instead on infrastructure.

March 05, 2018
AEM President Dennis Slater said President Trump should drop his proposed tariff on steel and focus instead on infrastructure.

Association of Equipment Manufacturers (AEM) President Dennis Slater said President Trump should drop his proposed tariff on steel and focus instead on infrastructure.

"President Trump shouldn’t undercut his own goal of helping U.S. manufacturers 'win' again by imposing counterproductive tariffs on steel imports," Slater said. "The president should reconsider his stated intention to impose tariffs on steel and aluminum imports that will raise costs for equipment manufacturers in the United States and undermine our industry’s global competitiveness.

"About 30 percent of equipment manufactured in the United States is eventually intended for export. Tariffs or quotas on steel and aluminum imports will burden U.S. manufacturers with higher costs while our competitors in China, India, and Mexico will get a free pass to use the cheapest input materials they can find.

"If President Trump wants to boost domestic steel production, the best way would be to invest in our infrastructure system, and focus on further streamlining regulations."

Source: AEM

More like this

Comments on: "AEM Responds to Tariff Plan"

Subscribe Today

Enter your email address here to be automatically subscribed to our daily newsletter!

Overlay Init