Why is P & G, Levi and many American companies of the giant "crying" after the announcement of imported trump mm steel?

In the past March 1st, President Trump to give the world a surprise when it was announced that will put 25% import tax and 10% steel and aluminum. Trump's goal is to promote the domestic steel and aluminum industry against trade deficit through tariff barriers.

Even so, many experts believe that the new competitive advantage is caused by the steel price cheap rather than your obstacles. Therefore, many enterprises in other industries need to NHI P warned that the price of the item of metallic materials from beer to the car, through the influence of work in these industries.

Study on McGreevy beer CEO Jim said the president's decision to make trump in the beer industry in this country is losing millions of dollars, resulting in tens of thousands of workers lost their jobs.

According to the analysis, the 10% tax will make wine in the United States aluminum industry cost about 347,7 million yuan of tax revenue, including labor cost and material imported beer, while the 20.291 McGreevy lost his job, "he said.

At the same time, chief executive John Hayes ball corporation, metal packaging products monopoly, Trump in urging the president to reconsider.

"Aluminum and steel plastic is not related to national security and taxation work will affect the negative behavior to make a disaster and increase food prices for a consumer", Mr. Hayes said.

Even the famous Hershey candy company, experts use an aluminum material to wrap candy and chocolate factory steel construction of the new tax negative impact in the U.S. economy also confirmed.

The association of chemical companies, including P & G, DuPont, Exxon field is also warning behavior of tax will increase the cost of production, reduce the process of reform and innovation and the construction of trade retaliation against from the outside.

The American Automobile Association (Giada agent) that will increase the price of the car is more obvious that the era of free trade. Assessment of Giada commercial return, from different countries, will make American consumers by goods when prices rise.

Many other countries officials have announced that there would be breeches, in retaliation for the American goods motorcycle, whiskey...... many experts even worried about what would happen if a trade war, for all the country's tax policies, new goods imported from the United States.

Nevertheless, President Trump said the war is the best trade and the United States can easily win. The president also announced that trump answer European car import tariffs and barriers in companies like BMW and Volkswagen.