An Indiana manufacturer has apparently cancelled plans to build a new plant in response to President Trump’s plans to place tariffs on imported steel and aluminum.
As reported by WNDU TV, the name of the company in question was not revealed, but its predicament was cited as the type of early feedback Indiana 2nd District Congresswoman Jackie Walorski was getting from the business community. (To view the entire letter click here.)
She wrote a letter to President Trump stating that, “The (business) owner told me he was expecting the savings on taxes to fund the expansion,” but came to the conclusion that “the risk is too high with the tariffs.”
Congresswoman Walorski further wrote that “blanket tariffs could reverse the economic recovery and return of manufacturing jobs to northern Indiana.”
Last week, President Trump said he would place a 25% tariff on imported steel and a 10% tariff on imported aluminum.
“I’ve been adamantly going after the president and his folks saying that his could cost jobs in my district. We’re one of the largest manufacturing districts in the country that’s why proportionally it’s such a big deal,” said Walorski.
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