AEM OPPOSES NEW TARIFFS ON MEXICAN IMPORTS
Washington, D.C. - Association of Equipment Manufacturers (AEM) President Dennis Slater issued the following statement opposing the Trump administration’s decision to impose a new five percent tariff on all Mexican imports:
“Tariffs are taxes on Americans and this decision will only hurt U.S. manufacturers, including many of the 1.3 million men and women our industry employs,” said Dennis Slater, president of AEM. “The Trump administration’s proposal to impose a new five percent tariff on all Mexican imports would hurt the American workers who are the backbone of our economy. It also hurts the prospects of ratifying the United States-Mexico-Canada Agreement (USMCA). Nearly thirty percent of the equipment manufactured in the U.S. is designated for export and the USMCA would preserve duty-free access to our industry’s largest export markets. We urge the administration to support U.S. manufacturers and farmers by not imposing this new tariff.”
AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry in the United States supports 1.3 million jobs and contributes roughly $159 billion to the economy every year.