Gov. Bruce Rauner discussed the threat posed by escalating trade disputes with the the Japanese ambassador to the United States on Tuesday at a machine tools facility in Schaumburg.
“We … talked about tariffs, and the importance of making sure we don’t break out in a full trade war, how tariffs can cause massive unemployment, job losses, around the world and here in Illinois,” Rauner said.
Rauner said he told Ambassador Shinsuke J. Sugiyama in a private meeting that he had cautioned Trump administration officials to avoid a “tariff war” during a recent trip to Washington D.C.
* Daily Herald…
Gov. Bruce Rauner acknowledged a trade war “could cause massive unemployment and job losses” in Illinois as he was touring a Schaumburg steel company Tuesday with Japanese officials who worry the White House will double down on tariffs. […]
Japan-based Amada America Inc. fabricates sheet metal and employs about 90 people at its Schaumburg location, mostly engineers and managers.
The company gets much of its steel domestically but is facing uncertainty, Amada Executive General Manager Jeff Otten said. “We’re still waiting to see what happens,” he said.
Steel and aluminum tariffs imposed by Trump are a grave concern, Consul-General of Japan in Chicago Naoki Ito said, as is a new threat of similar tariffs against auto parts.
“Japan is a major investor in Illinois … and is responsible for creating many tens of thousands of jobs,” said Rauner, who added he’d voiced concerns about the policy to Vice President Mike Pence and congressional leaders while visiting Washington recently.