Even though President Donald Trump made slapping tariffs on foreign goods one of his signature campaign promises, one Trump-backing CEO now finds herself horrified that he’s actually going to go through with it.
Writing in Crain’s Detroit, Lucerne International CEO Mary Buchzeiger writes that Trump’s proposed tariffs on Chinese goods could wind up ruining her business.
Even though Buchzeiger backed Trump in 2016 and “supports” his “campaign to level U.S. trade imbalances,” she didn’t expect him to enact anything like what he has proposed.
“I am… angry, frustrated and a little scared, because the unintended consequences of the president’s $50 billion tariffs on China would cripple my business in Auburn Hills and strip my 50 employees of their good-paying jobs,” she writes. “This is crazy.”
She then goes on to explain how her company’s supply chain does have some jobs in Asia — but she says those jobs also pave the way for other jobs here in the United States. Trump’s tariffs threaten to disrupt her whole supply chain, she says, which also puts her American employees’ jobs at risk.
“I’m angry and scared,” she writes. “Scared that my president is about to make a terrible mistake. Scared for my employees, who love their jobs, who make good money, and who get their college tuitions paid. Scared for my community and my country, which is about to be blindsided by a bad policy forged of best intentions.”