Grassley “very nervous” about tariffs

Senator Charles Grassley toured the Zinpro Corporation plant at Garner, Monday, July 2. He is speaking to Jon Morrison, Global Director of Operations. Senator Grassley was in Hancock Coounty on his annual tour of Iowa's 99 counties.

Photo courtesy of Zinpro Corporation

GARNER – Trade and tariffs, rising health care costs and border control were among the topics discussed during a visit by Senator Charles Grassley (R) at Garner, where he toured the Zinpro plant.

The tour was followed by a question and answer session with employees.

Health care costs

The first question was on the rising cost of health insurance.

“I don’t think we’re going to be able to repeal Obamacare [the Affordable Care Act],” he stated. “We came within one vote, but we didn’t get the job done.”

 “The idea was more competition would make health care coverage cheaper,” he said. “We used to have eight insurance companies in Iowa. Now we have two.”

Grassley said there are three things President Trump is trying to promote to bring down health insurance costs:

•Selling insurance across state lines.

•Forming association health plans, where small businesses could join an association, for example.

•Greater use of health savings accounts.

“The basic thing is to give people more control over their own insurance,” Grassley stated.

Trade/tariffs

“Do you think Trump’s tariff’s are going to be good for the overall economy?” was the next question.

 “I sure hope so, but right now, I am very, very nervous,” Grassley responded. “Iowa is a big agricultural state. It’s got a ripple effect through the entire economy. We know when there is retaliation, agriculture is hurt first.”

He continued, “The stuff that might be positive is pretty hard to nail down. Things shift from day to day. China reducing their tariffs on cars from 25 percent to 15… South Korea taking more cars…more good faith negotiation on NAFTA is some good news. But if I said there was light at the end of the tunnel – it’s not very bright. It might get brighter or it could go out tomorrow.”

Read the complete story in the July 11 Leader.