Last month, after the Administration imposed dramatic new tariffs on imported raw materials, I headed to Mid Continent Nail Corporation in Poplar Bluff, which was forced to lay off dozens of workers and idle production facilities -- because of higher input costs that pushed their customers to buy Chinese-made goods, instead of those made right here in Missouri.
It's clear this reckless trade war is putting many Missourians' livelihoods at stake -- and damaging important alliances around the globe.
We see it in near record-low prices for soybeans, and Missouri farmers worrying they won't be able to sell their crops. It's harming downstream jobs in many industries, in Missouri and across the country.
These tariffs mean higher costs for manufacturers of food packaging, beer, boats, chains, tools, and auto parts. That could put companies that support good paying Missouri jobs out of business.
And what do these tariffs mean for consumers?
You guessed it -- higher prices.
I'm calling for relief for Missouri businesses and consumers, and I hope you're with me.
And what do these tariffs mean for consumers?
You guessed it -- higher prices.
I'm calling for relief for Missouri businesses and consumers, and I hope you're with me.
That first paragraph makes the argument FOR INCREASED TARIFFS on China doesn’t it?
ReplyDeleteHigher tariffs on Chinese products would result in price increase and American companies could better compete. Or am I missing something?