Article snippet: President Wilbur Ross and industry executives. One aluminum company executive said his industry has lost jobs due to unfair competition that's led to a lack of investment. “We need a level playing field or we are going to lose our manufacturing infrastructure and the national security issues that surround having a vibrant, capable manufacturing sector,” John Lapides, CEO of United Aluminum. Wall Street's reaction was sharply negative with the Dow closing down more than 400 points, with traders concerned that a company like General Motors will have to pay more for the steel and aluminum in its cars and trucks, likely passing on increased costs to consumers. And Trump's announcement faced an immediate backlash on Capitol Hill, notably coming from an unexpected quarter: his Republican allies on Capitol Hill. Utah Republican Sen. Orrin Hatch, a long-time Trump ally and supporter, said the president should "carefully consider all of the implications." “Tariffs on steel and aluminum are a tax hike the American people don’t need and can’t afford. I encourage the president to carefully consider all of the implications of raising the cost of steel and aluminum on American manufacturers and consumers," Hatch said in a statement. Hatch, as chairman of the Senate Finance Committee, authored the legislation to overhaul the nation's tax code policy, which the GOP has touted as a tax break for the American people. Sen. Ron Johnson, R-Wis., called the announc... Link to the full article to read more