Sen. Young: “I’m Anxious” About Tariffs Strategy

Posted on August 9th, 2018

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While in Muncie, Young received a “Spirit of Enterprise” award from the US Chamber of Commerce. (Photo: Stephanie Wiechmann)

US Senator Todd Young says while he supports President Donald Trump standing up to capitalist nations like China on trade, he also wants a more targeted strategy for international tariffs.  IPR’s Stephanie Wiechmann reports.

“I’m very much aware Indiana is the most manufacturing-intensive state in the country.  We don’t want to disrupt our global supply chains.  That’s happening already.”

Republican US Senator Todd Young says while he’s behind the mission of imposing tariffs to bring about better trade behavior, he’s anxious about the Trump administration’s approach because there isn’t an “on paper” strategy to review.  He says he’s asked for one.

“ [One] that’s coherent, that’s cohesive, that’s comprehensive.  Call it a national economic securities strategy.  Just like we have a national securities strategy.  It’s written.  There’s a classified annex, of course.  But that is developed across different departments of government.”

Some Indiana manufacturing businesses, like engine-maker Cummins, say tariffs on supplies and goods – both from the US and retaliatory ones from other countries – along with increased commodity prices could end up costing them millions more a year.

Young also wants the US to partner with G7 countries to get the most leverage out of trade decisions.

This entry was posted on Thursday, August 9th, 2018 at 10:30 pm and is filed under News.

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