Equipment Manufacturers Concerned by Latest Tariffs

WASHINGTON, D.C. – Association of Equipment Manufacturers Senior Vice President Kip Eideberg issued the following statement regarding President Trump’s announcement that the administration will implement 25 percent tariffs on Canada and Mexico, and 10 percent tariffs on China:

“President Trump is right to focus on securing our border and protecting American communities. But levying tariffs on goods that U.S. equipment manufacturers depend on not only jeopardizes the President’s agenda, including the Trump Administration’s plan for a stronger, more competitive America, but drives up costs for U.S. equipment manufacturers, disrupts our supply chains, and exposes our customers to retaliatory tariffs. The fact remains: tariffs are a tax paid by Americans, and their broad-based application will stifle economic growth and undermine the competitiveness of the United States.

“Equipment manufacturers stand ready to work with the Trump Administration on a trade strategy that holds bad actors accountable, safeguards the benefits of the successful United States-Mexico-Canada Agreement, and bolsters equipment manufacturing in North America.”