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Indiana Chamber Warns of Negative Impacts of Tariffs

2018-07-19T08:07:27+00:00July 19th, 2018|

(INDIANAPOLIS) — Concern continues to build in the business community regarding the Trump administration’s position on tariffs, which has put the country at odds with six of America’s top seven foreign markets. Indiana Chamber of Commerce President Kevin Brinegar explains the dilemma:

“What started as a just attempt to protect American steel and aluminum from cheap imports has now transformed to a potential global trade war with chilling economic impacts for Indiana and beyond.

“Broad tariffs can quickly turn into what amounts to tax increases on Hoosier consumers and businesses. Products used in our homes every day, and the materials consumed to build them, will simply cost more. And the retaliation on U.S. tariffs will lead to lost sales of Indiana products – and ultimately, lost jobs.

“Our federal government should appropriately use tariffs and other measures to protect American steel companies and their employees. However, it must not recklessly battle allies and put our country – and state’s – economic future in jeopardy. It’s time to end this fight before too many people suffer unintended consequences.”

The Indiana Chamber has sent letters echoing these sentiments to members of Indiana’s congressional delegation.

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The Indiana Chamber partners with 25,000 members and investors – representing over four million Hoosiers – to achieve the mission of “cultivating a world-class environment which provides economic opportunity and prosperity.”