'They're Going To Drive Up Prices': Gov. Josh Shapiro Discusses Impact Of Tariffs

Forbes Breaking News

Gov. Josh Shapiro (D-PA) held a press briefing on Tuesday, where he was asked about the impact of tariffs in Pennsylvania.

Transcript

00:00It's time for a couple more here.

00:01Yeah.

00:02Just to get stuff real quick.

00:04There's 250 from the workers at the Maccuff's

00:07are facing what else to close out of the tariffs.

00:08Yeah.

00:09What are your thoughts on that?

00:10I just want to see these tariffs.

00:11Look, I've been critical of these tariffs,

00:14both because they're going to drive up prices,

00:16and we're already seeing that,

00:18and because it's going to have companies and individuals,

00:22families, keep their capital in their pockets

00:25because they're worried about the future.

00:27And with the uncertainty and the chaos that these tariffs bring,

00:31it's going to mean more capital staying on the sidelines.

00:34That's what's happening with Maccuff based on the letter

00:36that they sent to me, a worry about economic uncertainty,

00:40a worry about these tariffs in particular,

00:43and that's forcing them to keep their capital on the sidelines

00:46and making it harder for them to do the important work

00:48they need to do to build these world-class trucks.

00:52I think it's really important to note

00:53that the president has stated his goal with these tariffs.

00:57is to bring jobs back to America.

01:00By the way, a goal I support 1,000%.

01:03But Maccuff's jobs already are in America.

01:06They're in the Lehigh Valley.

01:07They've been building these wonderful trucks here in America

01:10for years and years and years.

01:12They're doing everything right,

01:14and they're still being harmed by these tariffs.

01:17It's really unfortunate.

01:19We're working through the Department of Labor and Industry

01:21with those workers who are going to be laid off

01:24to make sure they get the supports that they need.

01:26But I hope that the president is able to rethink,

01:30readjust his tariff policy

01:31in order to bring more certainty to the marketplace

01:34and allow our companies to have the confidence

01:37they need to invest capital again.

01:39You invest capital, you grow the economy,

01:41you create jobs, you bring down prices.

01:43That's good for Americans.

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