The Association of Equipment Manufacturers (AEM) has spoken out against White House threats to impose an additional $200 billion of tariffs on goods imported from China, according to www.constructiondive.com.
President Trump's administration established an additional $50 billion in tariffs on goods, including construction equipment from China, which, in turn, responded by issuing $50 billion of its own tariffs on U.S. goods.
AEM President Dennis Slater says the new tariffs imposed by both countries will hurt those who manufacture construction and other types of equipment and more than 1 million jobs are at stake.
AEM is one of many construction groups to warn that the tariffs are bad for business.
The Associated General Contractors of America reported steel mills have been swamped with orders beyond what they can handle, which can lead to project delays and going over budget.
"This is not only harmful, but inherently unfair to the hardworking men and women of our industry," Slater says.
