AEM: "Harmful tariffs place U.S. jobs at risk"
Association of Equipment Manufacturers (AEM) President Dennis Slater issued the following statement in response to the White House's announcement to move forward with planned tariffs on European, Canadian, and Mexican steel and aluminum:
"Starting a trade war with three of our nation's largest trading partners and strongest allies will disrupt the entire global trading system, placing American manufacturing jobs at risk. These harmful tariffs will directly contribute to higher steel prices, increase costs for agriculture and construction machinery, wreak havoc on the business operations of equipment manufacturers, and jeopardize many of the 1.3 million good-paying jobs our industry supports. Moreover, tariffs and quotas will wipe out much of the positive economic benefits of last year's tax reform.
If the United States does not grant the European Union, Canada, and Mexico a permanent exemption from steel and aluminum tariffs and quotas, we will face retaliatory actions that will result in diminished U.S. exports and market access for American-made equipment and agricultural commodities. We therefore urge the Trump administration to refrain from imposing tariffs on steel and aluminum imports from the European Union, Canada, and Mexico."