03.08.18

Rounds Statement on Tariff Announcement

Raises Concerns About its Impact on Ag Economy, National Security

WASHINGTON—U.S. Sen. Mike Rounds (R-S.D.) today issued the following statement on President Trump’s tariff announcement:

“While I appreciate the president’s attempt to bolster the U.S. steel and aluminum industries, I remain concerned about the negative consequences this policy change could generate. Producers in South Dakota are rightly concerned about disruptions in the trade market. If other countries decide to retaliate, it may impact our sales of corn, wheat, soybeans, livestock and other commodities during an already volatile time in the ag economy.

“Additionally, as a member of the Senate Armed Services Committee, I am concerned about the tariff’s impact on our relationships with our allies throughout the globe. Maintaining strong relationships with our allies is vital as we seek to defend our nation and promote our shared democratic values and freedoms. Imposing tariffs must not alienate key partners that play a pivotal role in our national defense and international stability.”

Rounds recently joined a number of his colleagues in a letter to President Trump to outline their concerns about the potential negative effects the tariff could have on international relationships and national security. Text of the letter can be found HERE.