Companies in Pence’s hometown hit by Trump tariffs: report

Companies in Pence’s hometown hit by Trump tariffs: report
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Vice President Pence’s hometown is among the areas that are expected to be most negatively affected by the Trump administration’s steep tariffs against foreign imports.

A Brookings Institution analysis, first reported by The Washington Post, found that Pence’s hometown of Columbus, Ind., is the metro area most reliant on exports in the country, with half of its gross domestic product comprised of exports.

However, the Post reported that local leaders are concerned that the tariffs that Pence has defended will hurt the area’s economic prospects.

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Cummins Inc., the largest employer in Columbus, could be forced to cut jobs as a result of the policy. 

Tom Linebarger, the CEO of Cummins, told the newspaper that the Trump administration's escalating tariffs hurt its ability to import parts from other countries, and makes it more difficult to sell its own products overseas because of retaliatory tariffs imposed by other nations.

President TrumpDonald John TrumpGillibrand backs federal classification of third gender: report Former Carter pollster, Bannon ally Patrick Caddell dies at 68 Heather Nauert withdraws her name from consideration for UN Ambassador job MORE imposed steep taxes on steel and aluminum imports earlier this year, despite pleas from Republicans and Democrats alike not to do so. He has since doubled down on those tariffs, and imposed similar duties on products from China.

While lawmakers have warned that the tariffs ultimately hurt American workers, Trump has only ratcheted up his rhetoric. He has said the European Union (EU) is a "foe," particularly when it comes to trade, and vowed to take additional action if a new deal is not struck soon.

Trump's comments and policies have roiled longtime U.S. allies, and prompted the EU, Canada, Mexico and others to implement retaliatory tariffs on U.S. goods.