'Somebody needs their head examined if they think this is good for the American economy': Businesses are sounding the alarm on Trump's tariffs

ArchiveJun 25, 2018

1 min read

Manufacturers in Texas are the latest to warn about the adverse impact of US trade policy on their businesses.
"I can't believe the effect the tariff response has had on the metals trade," a fabricated-metal producer said in a response edited for the Dallas Federal Reserve's manufacturing survey. "Somebody needs their head examined if they think this is good for the American economy."
Another person said Chinese imports continued to keep prices of the person's products low, highlighting one reason the US imposed tariffs.
In the past three months, the US has hit several countries' exports, with a 25% tariff on steel and a 10% tariff on aluminum.

Published June 25, 2018