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16 FEBRUARY 2018 AL CIRCLE

Rep. Walorski concerned aluminium tariff will hurt Indiana Recreational Vehicle industry

EDITED BY : BEETHIKA BISWAS 2MINS READ

President Donald Trump is gearing up for a protective trade policy to safeguard the interests of domestic metal producers, especially steel and aluminium industry.

Rep. Jackie Walorski (R-IN) believes that while trying to achieve a level playing field by imposing tariffs on imported aluminium and steel, Trump may actually hurt the interests of end users like the Recreational Vehicle industry.

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"That would really slow the momentum down in what is a booming industry in the RV industry, the boating industry, all the manufacturing all of it that uses both steel and aluminum," Walorski said.

Trump highlighted how the domestic steel and aluminium industries are being decimated by dumping of metal in the markets by other countries during a meeting with Republicans and Democrats at the White House on Tuesday.

Walorski agrees on the unfair foreign competition, however, she feels steep tariffs on importers will mean a rising price in RVs, and potentially fewer sales. Walorski relayed her concerns to Trump at the Tuesday meeting.

In an interview later, Walorski said, "At the end of the day, this has to be a fine line down the middle because it really can't knock out existing jobs, existing companies, we want to facilitate them to grow."

President Trump would decide by April on any changes to trade policy on imported steel and aluminium. Legislators present on Tuesday's meeting said they were not given a concrete proposal on the rate of potential tariffs.

Tagged with:

Tariff Aluminium India

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EDITED BY : BEETHIKA BISWAS 2MINS READ

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