AP/San Francisco Chronicle: U.S. Small Companies May Pay More for Steel and Aluminum

By at 4 June, 2018, 12:36 pm

In a June 4 story by AP business writer Joyce Rosenberg, business advocacy groups like SBE Council expressed concern about tariffs recently imposed by President Trump, and what may come as a result of other trade actions being pursued by the White House.

As noted in the piece:

“Many small companies in the United States can expect to pay more for steel and aluminum following the Trump administration’s imposition of tariffs on imports from Europe, Canada and Mexico, small business advocacy groups say.

“Business owners also face the prospect of higher costs if the administration follows through on threats to impose tariffs on $50 billion in imports from China — and if trade wars break out as other countries retaliate with tariffs or restrictions of their own that could hurt U.S. exporters.”

SBE Council Chief Economist Raymond Keating was interviewed for the article, which can be read in its entirety here.

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