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President Trump Signs Proclamations on Steel and Aluminum Tariffs

WASHINGTON, D.C. (CNN)- Ahead of his tariff signing, President Trump formally announced tariffs in steel and aluminum.

"We will have a 25% tariff on foreign steel and a 10% tariff on foreign aluminum," he said.

The details of today's tariff announcement have been largely secret, with some top GOP leaders saying they hadn't been briefed.

To read more, click here.

Meanwhile, Congressmen from Arkansas are speaking out about President Trump signing a proclamation for the tariff.

 

Congressman French Hill (R-Arkansas) made the following statement in response to President Donald Trump’s announcement on the implementation of tariffs on aluminum and steel:
 
“While I respect President Trump’s decision to protect American interests, I remain concerned with the unintended consequences that these tariffs on aluminum and steel will have – especially on Arkansas’s workers and employers. Tokusen U.S.A. in Conway, Arkansas, a company primarily in the business of manufacturing steel tire cord, could be negatively impacted by these across-the-board tariffs, and said the result would be ‘catastrophic’ for their business. Tariffs are a blunt instrument that should be used in only targeted ways on specific countries and products. Steel tariffs didn’t work when President Bush implemented them in 2002 or when President Obama proposed them on tires in 2009. I regret President Trump’s decision to implement these tariffs, because as recent history has shown us, they could ultimately backfire and hurt American workers and consumers.”

Congressman Steve Womack (AR-3) today released the following statement after the White House announced tariffs on aluminum and steel:  

“I am extremely concerned that President Trump’s aluminum and steel tariffs could counteract the recent successes of the Tax Cuts and Jobs Act: a significant increase in U.S. competiveness, a low unemployment rate, and a boost in the U.S. economy. Instead of inflicting unintended, negative consequences on American businesses, our eyes should be on unfair trading partners, such as China. I ask the Administration to work with Congress as we enact meaningful legislation that will protect jobs in America, promote fair trade, and support the hard-working people of Arkansas’s Third District.” 

As of now, we have not received statements from Senators Tom Cotton or John Boozman, or Congressman Bruce Westerman. 

To see how this could impact Arkansas, click here.


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