The owner of an electronics company who says he voted for President Trump is considering moving his company’s production headquarters to Mexico to avoid Trump’s tariffs on Chinese imports, according to The New York Times.
Pat LeBlanc, the chairman of EBW Electronics, told the Times that the tariffs are “killing us.”
“I just feel so betrayed. If we fail because the company is being harmed by the government, that just makes me sick,” he added, saying that he expects that his profits in 2019 will be cut in half because of the tariffs.
Trump has engaged in a trade dispute with China, slapping tariffs on $250 billion of Chinese goods and pledging another $267 billion in tariffs.
EBW Electronics has suffered from Trump’s tariffs because of higher costs for components such as transistors, resistors and capacitors.
“It’s a tax that comes right off the bottom line,” EBW President Cory Steeby said about his Michigan-based company. “It totally incentivizes you to move out of the United States and build either in Canada or Mexico. These are active conversations right now.”
EBW has filed for exemptions from the tariffs but has not yet received a response from the federal government.
Steeby added that there is “no intelligence to the way” tariffs are being implemented.
“The tariffs are designed to hurt China, but they are being paid by American companies,” he said.