TARIFF ESCALATION THREATENS AMERICAN EQUIPMENT MANUFACTURING
Washington, D.C. – The Association of Equipment Manufacturers (AEM) issued the following statement from Senior Vice President of Government and Industry Relations Kip Eideberg after the Trump administration announced additional tariffs on $550 billion in Chinese goods.
“Equipment manufacturers have been asking to get off the tariff rollercoaster for some time, but it appears that we are now firmly buckled in and along for the ride," said Kip Eideberg, AEM Senior Vice President of Government and Industry Relations. "The equipment manufacturing industry believes in, and strongly supports, products made in the United States, but recognize that at times certain parts and products must be sourced elsewhere. This most recent tariff escalation will not bring about long-term, structural reforms to China’s trade and industrial policies, but it will negatively impact our industry’s ability to continue to invest and create jobs in America.”
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.