NY Air Brake President Watching For Possible Trade War
If President Trump's tariffs spark a trade war, the president of New York Air Brake in Watertown thinks that won't be good.
Michael Hawthorne says he doesn't see the tariffs on aluminum and steel having an effect on the materials they import and use.
However, between 25 and 33 percent of the products Air Brake sells goes to another country. That's where a trade war could hurt this company.
"What I'm monitoring is just what happens next. So first I think you're going to see some type of reaction out of Washington, may or may not be effective. And then you're going to see a reaction globally. Depending on where it escalates to you could find this to be all the way up to and including having a competitor introduced into the market that doesn't exist today." said Hawthorne.
Hawthorne says New York Air Brake does a lot of business in China, Australia, and Brazil.