U.S. Sen.Todd Young (R-Ind.) says while he supports President Donald Trump standing up to capitalist nations like China on trade, he also wants a more targeted strategy for international tariffs.
“I’m very much aware Indiana is the most manufacturing-intensive state in the country. We don’t want to disrupt our global supply chains," Young says. "That’s happening already.”
Young says while he’s behind the mission of imposing tariffs to bring about better trade behavior, he’s anxious about the Trump administration’s approach because there isn’t an “on paper” strategy to review. He says he’s asked for one.
“[One] that’s coherent, that’s cohesive, that’s comprehensive. Call it a national economic securities strategy. Just like we have a national securities strategy. It’s written. There’s a classified annex, of course. But that is developed across different departments of government.”
Some Indiana manufacturing businesses, like engine-maker Cummins, say tariffs on supplies and goods – both from the U.S. and retaliatory ones from other countries – along with increased commodity prices could end up costing them millions more a year.
Young also wants the U.S. to partner with G7 countries to get the most leverage out of trade decisions.