On the recordApril 15, 2008
There would be. And their growth has come as a result of export. But the point that really needs to be made is there is tremendous economic growth going on in the Andean region, which Colombia is leading, and a lot of that is in the energy and the mining and raw material sector, which means they're going to use construction equipment. And right now, the construction equipment that union workers make in the district I represent, places like Joliet, Aurora, Pontiac and Decatur, it faces a 15 percent tariff when exported to Colombia. Now, some would say, what does that mean? That's a 15 percent tax on the price of that bulldozer. So that makes U.S. products less competitive, say, than competing with Japan.
Source
govinfo.gov
