» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 42 | NO. 15 | Friday, April 13, 2018

Business execs voice worries about the impact of tariffs

Print | Front Page | Email this story

WASHINGTON (AP) — An array of business executives are expressing alarm to federal lawmakers Thursday about the impact that tariffs will have on their business.

Kevin Kennedy, president of a steel fabrication business in Texas, says tariffs on steel and aluminum imports have led U.S. steel producers to raise their prices by 40 percent. He says that's shifting work to competitors outside the U.S.

Kennedy says what was presented as a tariff on foreign steel has effectively become a tax on U.S. manufactures such as his company.

Kennedy is appearing before the House Ways and Means Committee, which is examining the impact of tariffs.

Lawmakers later Thursday are scheduled to meet with President Donald Trump to talk about trade.

China has countered by announcing its own set of tariffs on U.S. products.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0