Alexander: Tariff Announcement is “Disappointing News for Tennessee Workers”

Posted on March 8, 2018

WASHINGTON, March 8, 2018 — U.S. Senator Lamar Alexander (R-Tenn.) today released the following statement on the president’s announcement that he is enacting tariffs on imports of steel and aluminum:

“This is disappointing news for Tennessee workers. President Bush’s similar steel tariffs in 2002 backfired and proved that such tariffs destroy many more U.S. manufacturing jobs than they save. Last week, just the threat of steel tariffs caused Electrolux, Europe’s largest home appliance manufacturer, to put on hold a $250 million expansion in Springfield, Tennessee, even though 100% of the steel Electrolux uses is produced in the United States. According to Electrolux, tariffs on imported steel raise prices on all steel sold in the United States and make it more difficult for U.S.-based manufacturing plants to compete with foreign manufacturers.”

Alexander spoke on the Senate floor Monday about the effect these tariffs would have on Tennessee, saying: “This is especially bad news for Tennesseans because one third of our state’s manufacturing jobs are auto jobs with more than 900 plants in 87 of our 95 counties. It will now be cheaper for some Tennessee auto parts suppliers to move outside the United States, buy steel and aluminum there and then ship finished parts back to our country.”