Head of manufacturing trade group warns about costs of sweeping tariffs

Head of manufacturing trade group warns about costs of sweeping tariffs


The president and CEO of the National Association of Manufacturers warned that massive tariffs could hurt the industry through higher input prices.

In a Tuesday interview with the Washington Examiner, NAM President and CEO Jay Timmons spoke about President Donald Trump’s recent threats of 25% tariffs on Mexico and Canada, as well as the potential for sweeping tariffs across the globe as Trump promised on the campaign trail.

“For any manufactured product that relies on inputs from outside of the borders of United States, it’s going to drive up the cost of manufactured goods, and that is something that I think we have to recognize and we have to understand,” Timmons said.

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“And manufacturers, unfortunately, will end up passing those costs on to consumers,” he

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