Government Affairs

SEMA Warns Current Tariffs Are a Tax on American Companies and Consumers

WASHINGTON, D.C. (June 19, 2018) – The Specialty Equipment Market Association (SEMA) cautioned President Donald Trump and the U.S. Congress that tariffs imposed by the U.S. government are harming American companies, workers, and consumers. SEMA member companies are now grappling with higher-priced steel and aluminum because of global tariffs. The U.S. government has also initiated questionable tariffs on Chinese products, and retaliatory tariffs levied by China and many American allies are in the works. Beyond that, the U.S. government is now threatening tariffs of up to 25% on imported automobiles and auto parts.

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