One aluminum industry executive believes smaller U.S. manufacturers, who are laying off workers and cutting production, are blaming the Trump administration’s trade policies to deflect attention from their own bad management.
Braidy Industries founder Craig Bouchard is one of a handful of U.S. business leaders who are vocal supporters of the White House’s 10 percent tariff on aluminum imports. Executives at AK Steel, Nucor and Steel Dynamics, which have all seen profits rise as a result of a 25 percent companion tariff on steel imports, have also praised Trump’s use of national security concerns to prop up the metals industry.
The top executive of several businesses over the past two decades, Bouchard disagrees with the views of Republican lawmakers, economists and others who argue the new duties will undermine a growing economy spurred by, among other things, the GOP-led tax cuts last year.
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