Trump Impact: Wisconsin Farmers & Manufacturers Face Uncertainty, Higher Prices
MADISON, Wis. — Wisconsin farmers and manufacturers continued to face the fallout from Republican-fueled chaos in Washington, with funding freezes and tariffs threatening to close markets and raise prices.
Democratic Party of Wisconsin Communications Director Joe Oslund issued the following statement:
New Republican tariffs and aluminum threatened to effectively tax Wisconsin manufacturers, raising prices on a wide range of products—including appliances and cars.
MILWAUKEE JOURNAL SENTINEL: “Wisconsin manufacturers and consumers could face higher prices from the steel and aluminum tariffs President Donald Trump imposed Monday, although some industries will get a break from foreign competition. Trump set a 25% tariff, essentially a tax, on any steel and aluminum coming into the United States. As a result, consumers could expect to pay more for a wide range of products, from appliances and automobiles to canned beverages and sporting goods. Manufacturers that use steel and aluminum will probably face higher costs even for U.S.-made metals as the marketplace adjusts to a new reality. ‘It will certainly create inflationary pressures,’ said Austin Ramirez, chief executive officer of Husco International, a Waukesha-based engineering and manufacturing firm for industries including automotive and off-highway equipment.”
Republican funding freezes on grants and cost-sharing contracts for farmers created uncertainty heading into the growing season, all as the Republican halt on USAID food purchases from American farmers closed down valuable markets for Wisconsin agriculture.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.