In response to the Senate vote in support of legislation that would require the President to submit to Congress any proposal to adjust imports in the interest of national security under Section 232, the Household & Commercial Products Association (HCPA) released the following statement from HCPA President and CEO, Steve Caldeira.
“HCPA applauds the United States Senate for its bipartisan vote that would provide a critical and appropriate role for Congressional approval of tariffs enacted under auspices of national security,” said Steve Caldeira, President & CEO, HCPA. “This powerful call to action rises above party lines in support of free trade, product innovation, and most importantly, protecting American jobs.”
“Tariffs benefit few, while the costs are dispersed to many. Much of the $180 billion annually of products manufactured by HCPA members rely on aerosol-related technology. Tariffs on aluminum and steel will decrease access to the best quality materials while also raising the cost of aerosol packaging, thereby the cost of aerosol products. HCPA strongly opposes the imposition of burdensome and costly tariffs on the imported steel and aluminum used to make integral and everyday products safe and effective for all Americans.”
“Call the tariffs imposed by the United States what they are – a tax increase on the American consumer. In addition, it is abundantly clear that the resulting retaliatory tariffs will stifle American exports of consumer products and further exacerbate relationships with our largest trading partners and closest allies. The Senate’s commendable actions are a common-sense step in the right direction to counter economic uncertainty in many industries.”
HCPA thanks U.S. Senators Bob Corker (R-Tenn.), Pat Toomey (R-Pa.) and Jeff Flake (R-Ariz.) for their strong leadership in trying to ensure that Congress plays an appropriate role in the development and execution of national security-designated tariffs. The legislation is widely supported in the business community.