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'They're Going To Drive Up Prices': Gov. Josh Shapiro Discusses Impact Of Tariffs
Forbes Breaking News
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4/22/2025
Gov. Josh Shapiro (D-PA) held a press briefing on Tuesday, where he was asked about the impact of tariffs in Pennsylvania.
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00:00
It's time for a couple more here.
00:01
Yeah.
00:02
Just to get stuff real quick.
00:04
There's 250 from the workers at the Maccuff's
00:07
are facing what else to close out of the tariffs.
00:08
Yeah.
00:09
What are your thoughts on that?
00:10
I just want to see these tariffs.
00:11
Look, I've been critical of these tariffs,
00:14
both because they're going to drive up prices,
00:16
and we're already seeing that,
00:18
and because it's going to have companies and individuals,
00:22
families, keep their capital in their pockets
00:25
because they're worried about the future.
00:27
And with the uncertainty and the chaos that these tariffs bring,
00:31
it's going to mean more capital staying on the sidelines.
00:34
That's what's happening with Maccuff based on the letter
00:36
that they sent to me, a worry about economic uncertainty,
00:40
a worry about these tariffs in particular,
00:43
and that's forcing them to keep their capital on the sidelines
00:46
and making it harder for them to do the important work
00:48
they need to do to build these world-class trucks.
00:52
I think it's really important to note
00:53
that the president has stated his goal with these tariffs.
00:57
is to bring jobs back to America.
01:00
By the way, a goal I support 1,000%.
01:03
But Maccuff's jobs already are in America.
01:06
They're in the Lehigh Valley.
01:07
They've been building these wonderful trucks here in America
01:10
for years and years and years.
01:12
They're doing everything right,
01:14
and they're still being harmed by these tariffs.
01:17
It's really unfortunate.
01:19
We're working through the Department of Labor and Industry
01:21
with those workers who are going to be laid off
01:24
to make sure they get the supports that they need.
01:26
But I hope that the president is able to rethink,
01:30
readjust his tariff policy
01:31
in order to bring more certainty to the marketplace
01:34
and allow our companies to have the confidence
01:37
they need to invest capital again.
01:39
You invest capital, you grow the economy,
01:41
you create jobs, you bring down prices.
01:43
That's good for Americans.
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