Trump's proposed 20% Mexican import tax gets mixed reaction from manufacturers

By the Daily Herald (Arlington Heights, IL)

Mar 08, 2017

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When Tim Perry, president of Precision Metal Technologies Inc., heard about President Donald Trump's suggested 20 percent tariff on imports from Mexico, he quickly stopped plans to open a Texas plant.

The Rolling Meadows-based manufacturer of components is growing and a new plant in San Antonio would have opened later this year. It would have offered new jobs and a chance to nurture additional growth. Perry tabled the plan because he is worried about more than taxes.

"This tariff on imported products from Mexico could lead to a trade war, then that would be a problem for us," Perry said.

Read the full story at dailyherald.com.

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