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United States : Olson Statement on President's Tariff Proposal

Mar 07, 2018 (Euclid Infotech Ltd via COMTEX) --

Rep. Pete Olson (TX-22) issued the following statement in response to the Presidents proposed 25% tariff on steel imports and a 10% tariff on aluminum imports:

While I appreciate the Presidents goal to support American manufacturers, I am concerned by proposed tariffs on steel and aluminum imports Rep. Pete Olson said. We must tread carefully when imposing tariffs of this size as they often have unintended consequences on American businesses. Trade is the lifeblood of our nations economy and products like steel move Texas businesses, particularly energy production. A tariff on these imports could severely impact this industry vital to the Houston region. I look forward to hearing more about the Presidents plan.

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