List Your Equipment For Free  /  Seller Login

AEM Profoundly Disappointed by Trump Tariffs

Thu March 08, 2018 - National Edition
Construction Equipment Guide


Association of Equipment Manufacturers (AEM) President Dennis Slater issued the following statement after President Trump formally announced new import tariffs on steel and aluminum.
Association of Equipment Manufacturers (AEM) President Dennis Slater issued the following statement after President Trump formally announced new import tariffs on steel and aluminum.

Association of Equipment Manufacturers (AEM) President Dennis Slater issued the following statement after President Trump formally announced new import tariffs on steel and aluminum:

The equipment manufacturing industry is profoundly disappointed at President Trump's actions today to advance import tariffs on steel and aluminum. These "Trump Tariffs" will put U.S. equipment manufacturers at a competitive disadvantage, risk undoing the strides our economy has made due to tax reform, and ultimately pose a threat to American workers' jobs.

Steel accounts for roughly 10 percent of equipment manufacturers' direct costs. The price of steel has already risen in anticipation of the administration's actions, and a 25 percent tariff will only further erode the progress our industry has made over the past year.

Our industry will work tirelessly in the coming days and weeks to convey the negative impacts of these tariffs directly to the Trump administration and members of Congress. President Trump should back away from these tariffs, and redouble his efforts instead on policies that will create manufacturing jobs -- not put them at risk.




Today's top stories

Construction Industry Optimistically Preparing for New Year Ahead

CFX Oversees $412M SR429 Expansion in Florida

Capital Express Central Project Ramps Up in Texas

VIDEO: NCDOT Plans Major Road Upgrades in Wilmington Over Next Several Years

DEVELON Set to Exhibit at ARA Show 2025

Des Moines Airport Works With Weitz/Turner On Expansion

Ring Power Lift Trucks Partners With Hiab to Bring MOFFETT Truck-Mounted Forklifts to Florida Customers

Earthborne Demo Day Draws Crowd Despite Downpour