From the office of Congressman Bill Keating:
Washington, DC – Today, the Trump Administration imposed steep tariffs on steel and aluminum imports from Canada, Mexico, and the European Union (EU). According to Commerce Secretary Wilbur Ross, the Administration will impose a 25% tariff on imported steel and a 10% tariff on imported aluminum.
The World Trade Organization has listed a number of American products that are likely to face retaliatory tariffs. Among those are cranberries. The cranberry industry is a major economic engine in Southeastern Massachusetts.
Said Congressman Keating:
“Trump’s new tariffs on Canada, Mexico, and the European Union will undoubtedly harm US export industries and thousands of American workers, as well as strain the relationship between the US and its closest allies. And we will feel it right here at home with the cranberry industry. Simply put, if retaliatory tariffs are put on cranberries, our growers will make substantially less profit on their exports, causing domestic prices to rise and putting serious pressure on their businesses and our local economy. In fact, companies across a variety of sectors are going to see increased operating costs, which will trickle down to consumers and raise prices. The risks of a trade war are real, and all three trading partners have already indicated they will seek retaliatory tariffs against the US. Couple today’s announcement with rising trade tensions with China, and it becomes very clear this Administration is making disastrous trade decisions that will only weaken our economy and cripple key industries and the countless jobs they support.”