NAED – NAED Responds to President Trump’s Tariff Announcement
Yesterday, President Trump announced his plan to impose a 10% tariff on all countries, as well as an individualized higher tariff on the countries with which the United States has the largest trade deficits, under the International Emergency Economic Powers Act of 1977.
Wes Smith, President and CEO of the National Association of Electrical Distributors, provided the following statement:
“Our network of more than 5,500 distributor locations and warehouses across every state and Congressional district is an essential component of the electrical equipment supply chain, helping to provide the goods and services to build and power America’s homes, businesses, industrial facilities, and data centers.
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