Chamber: Trump Mexico Tariffs 'Ill-Conceived'

Posted: Updated:
Brinegar says Indiana consumers and businesses would be "innocent victims" of the tariff. Brinegar says Indiana consumers and businesses would be "innocent victims" of the tariff.
INDIANAPOLIS -

The chief executive officer of the Indiana Chamber of Commerce says the state could pay a big price if President Trump's proposed tariffs on Mexico go into effect. Kevin Brinegar says Indiana imported $4.5 billion in goods from Mexico last year, meaning a 5 percent tax would result in a $225 million increase to the price of those goods. He says the chamber is especially concerned about these tariffs because, unlike China's case, they have nothing to do with trade.

Brinegar says Indiana would be the 13th-heaviest-hit state if the tariffs go into effect. If they are fully-implemented at 25 percent, Brinegar says last year's imports would have cost Hoosiers an additional $1.1 billion.

He says the Chamber is currently listening to concerns from its members, especially manufacturers and farmers, and taking those to Indiana's Congressional delegation in hopes that they will act against the tariffs. In a release, Brinegar says Indiana businesses and consumers "will once again be the innocent victims" if the tariffs go through.

"Using economic threats against our neighbor and one of our country’s largest trading partners to compensate for unfulfilled promises by the administration and Congress on immigration is an irrational – and extremely damaging – concept," said Brinegar in the release. "Nearly one-sixth of the $4.5 billion of Mexican products imported into our state in 2018 came in the important auto parts sector. If implemented, a likely retaliation of tariffs on American products will further impact Hoosiers and damage our economy.”

Brinegar says he hopes Indiana's congressional delegation will take action.
  • Perspectives

    • School District Raises Questions About ILEARN

      Like all schools in Indiana, we were disheartened at the ILEARN results for school year 2018. We would like to raise several questions concerning this test as it relates to college and career readiness for our students. The annual Indiana Statewide Assessment (this year’s ILEARN) has been developed to evaluate college and career readiness at all levels tested. We are very troubled by our lack of understanding of what indicators in the test evaluate...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Purdue University ranks #7 for Best Value in a college education in the U.S., according to the Wall Street Journal

      Two Indiana Schools Break Top 50 List of Best Colleges

      The Wall Street Journal and the Times Higher Education magazine have released their annual list of the top 801 colleges and universities in the country. Two Hoosier universities are included in the top 50.

    • Purdue to Open Chick-Fil-A Amid Protests

      Citing overwhelming demand for Chick-fil-A’s food and services, Purdue University has announced it will allow the restaurant to open on campus. The university has been at the center of a debate over the Georgia-based food chain. 

    • Buttigieg to Lead Task Force on Automation

      South Bend Mayor Pete Buttigieg will Friday launch a task force aimed at preparing for the effects of automation at the U.S. Conference of Mayors Winter Meeting. The mayor's office says “Automation and the Impacts on America’s Cities” will include mayors from throughout the country.

    • Sports betting is now legal in Indiana

      Protecting Data Integrity as Sports Betting Grows in Indiana

      Casinos across the state are opening sports betting parlors this week, legally allowing gamblers in Indiana to place bets on professional and some collegiate sports. Some opponents of the law are concerned the integrity of sports is at risk. Others are worried about the integrity of the data used by odds makers in the now-legal betting houses. “There's a mechanism in place that can stop that from happening, or curtail it from happening in the future,” explains...

    • (photo courtesy Cummins)

      Cummins Completes Deal for Fuel Cells Producer

      Columbus-based Cummins Inc. (NYSE: CMI) has closed on its acquisition of Hydrogenics Corp., a fuel cell systems provider in Canada. Cummins says the $290 million deal helps push the company towards a wider range of power technologies, including fuel cells and hydrogen-fueled sectors.