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Lawmakers press for tariff clarity and carve-outs as small manufacturers warn of unpredictability
Summary
Members questioned witnesses about whether tariffs should exempt capital equipment and specialized inputs, with witnesses largely supporting narrow carve-outs and stable, long-term trade rules to encourage factory investments.
Members of the House Small Business Committee focused sustained questioning on tariffs’ effect on both inputs and the specialized capital equipment that manufacturers import.
Rep. Greg McGarvey (KY) asked whether companies that want to invest hundreds of millions in U.S. factories should be forced to pay steep tariffs on German presses or Japanese robotic lines. “Do you have to wait until we start making those things in the U.S. before you make your investment, or are you just expected to pay an exorbitant tax on importing these…
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