Tags: factories | tariffs | trump

Complaints Grow Among US Factories That Trump's Tariffs Harm Their Profits

Complaints Grow Among US Factories That Trump's Tariffs Harm Their Profits

U.S. President Donald Trump, right, chats with Chinese President Xi Jinping in 2017. (Andy Wong/AP)

By    |   Sunday, 06 January 2019 05:02 PM

Complaints are intensifying across the industrial United States that President Donald Trump’s tariffs on imported parts are disrupting factory operations and harming profits, The New York Times reported on Sunday.

"It’s killing us," said Pat LeBlanc, chairman of the Michigan-based EBW Electronics company.

LeBlanc, a Republican who voted for Trump, said Trump’s tariffs will cut his profits this year in half.

"If we fail because the company is being harmed by the government, that just makes me sick," he said.

As the main weapon in his trade war with China, Trump has so far put tariffs on $250 billion of Chinese goods and vowed to place tariffs on another $267 billion, according to The Hill.

The situation for some companies is so dire that they are considering leaving the U.S. in order to avoid the tariffs.

“It’s a tax that comes right off the bottom line,” EBW President Cory Steeby said. “It totally incentivizes you to move out of the United States and build either in Canada or Mexico. These are active conversations right now.”

EBW has filed for exemptions from the tariffs but the government has not yet given the company a response, according to the Times.

Steeby added that there is "no intelligence to the way" tariffs are being implemented.

“The tariffs are designed to hurt China, but they are being paid by American companies," he said. 

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Complaints are intensifying across the industrial United States that President Donald Trump's tariffs on imported parts are disrupting factory operations and harming profits, The New York Times reported on Sunday.
factories, tariffs, trump
229
2019-02-06
Sunday, 06 January 2019 05:02 PM
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