Costa Statement on New Aluminum and Steel Tariffs
Washington, D.C. – Today, Congressman Jim Costa (CA-16) released the following statement after President Trump signed new steel and aluminum tariffs which impose a 10 percent tariff on aluminum imports and a 25 percent tariff on steel imports:
“California agriculture will likely feel the most intense and direct pain from these tariffs. California farmers and ranchers earned about $21 billion from trade in 2016, which was roughly 44 percent of their total revenue.
“American agriculture is always a target when it comes to international reactionary and retaliatory trade behavior. China, the European Union, Mexico, and Canada are all key markets for American agriculture products, and all have indicated that these new steel and aluminum tariffs will likely result in them raising similar protectionary tariffs on U.S. products.
“We all want to secure American jobs and increase opportunity in the U.S. economy, but raising these steep and wide-ranging tariffs will do just the opposite. Both Republicans and Democrats have expressed deep concern with these tariffs because we have seen this before, and we know the overwhelmingly negative consequences, no matter how unintended they may be.
“The most likely way to steer our trade policy toward serving the entire nation is by Republicans and Democrats engaging in real, bipartisan policy deliberation and negotiation. The two parties appear to agree that these tariffs are misguided and unwise, so I call on members of both parties to come together in this agreement, put in the work, and create the policy Americans want, need, and deserve.”