Construction equipment manufacturers 'extremely disappointed' with Trump's tariffs


The American Association of Equipment Manufacturers (AEM) has criticised the Trump Administration over the introduction of 25% tariffs on $50bn of Chinese imports. Chinese goods affected include types of construction and agricultural equipment. [...] Since Trump’s trade announcement on Friday, China has said it will impose a similar 25% tariff, also worth $50bn.



"We’re extremely disappointed with the Trump administration’s decision to move forward with these harmful tariffs," said Association of Equipment Manufacturers (AEM) President Dennis Slater in a statement last Friday. "This move jeopardizes many of the 1.3 million good-paying manufacturing jobs our industry supports. The expected retaliatory actions by China also raise costs for equipment manufacturers that rely on a vast supply chain around the world, further eroding the benefits of the recent tax reform. We will continue to fight to end these tariffs immediately."

The latest round of tariffs imposed by the Trump administration on a variety of goods imported from China comes on the heels of steel and aluminum tariffs that went into effect on March 23, 2018. 

Need an explainer on how the 25% steel tariff could affect the construction cost of your architectural project? Nick Butcher, Cost/Risk Group Managing Director at MGAC, put it into context for us.

... Alexander Walter via Archinect - News http://bit.ly/2K576m8

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