Sen. Mitch McConnell discusses how tariffs are hurting Kentucky바카라 게임 웹사이트s economy
Kentucky Sen. Mitch McConnell and other Northern Kentucky leaders met at Cincinnati/Northern Kentucky International Airport Thursday to take a strong stance of opposition to President Donald Trump바카라 게임 웹사이트s trade war.
"This issue is not about exporting jobs, it's a tax increase for everybody," McConnell said.
McConnell said the trade war is expected to hurt Kentucky more than almost any other state in the country. S said as a percentage of GDP, Kentucky is the No. 1 state most dependent on exports, and the third most dependent on imports.
바카라 게임 웹사이트Add it up and we are sitting here today in a state that is extremely dependent on international trade,바카라 게임 웹사이트 McConnell said. 바카라 게임 웹사이트Whether it's trade coming in or trade going out.바카라 게임 웹사이트
He says the price of tariffs gets passed onto the consumer. Kentucky business leaders sitting alongside McConnell said if the president's tariff war continues, it will be devastating.
"But for Kentucky small businesses and Kentucky farmers, they cannot survive short term pain," Ashli Watts President and CEO of the Kentucky Chamber of Commerce said.
Watts also said tariffs would cost Kentucky families $3,000 this year.
A Hebron candy company that makes 80 million easter eggs each year say they are already seeing ceramic costs go up and say producing ceramics in America isn't realistic.
"The infrastructure isn't here, those jobs people don't want to do and they're very competitive made in other parts of the world and it would be great to make them here but no one's ever going to make them here," Rick Ross CEO of Galerie Candy and Gifts said.
McConnell said Congress is unable to stop Trump from implementing tariffs, saying Trump has the authority to do so.
He later made a concession that there is some thought among senators that Congress should have a larger say in the matter.
McConnell had a private discussion about the tariffs with the CEO of CVG Airport Larry Krauter, the Kentucky Business Chamber of Commerce and businesses in Erlanger and Hebron.
The longtime Kentucky senator added that there are not many people within Trump바카라 게임 웹사이트s administration giving the president pushback on the tariffs.
"Many of the people in the administration, in my judgement, have not given him the other point of view," he said.
McConnell said he'd support extending the 2017 tax bill, arguing it would stimulate business.