GMM Nonstick Coatings CEO Tavin Ghandi, America’s leading nonstick coating company, told FOX Business on Monday he’s nervous about President Trump accidentally starting a trade war because the U.S. economy may not be able to absorb the costs.
“If the president unintentionally starts a trade war I think it will be a debacle economically,” Ghandi said to Stuart Varney on “Varney & Co.”
He said American companies in the cookware, bakeware and electrical appliance industries have not benefited since Trump announced the tariffs in March.
“I supply to … a lot of multi-billion dollar American corporations who source their stuff from China,” he said. “None of them are clamoring to come into America the way … Mr. Trump sort of promised.”
Instead they are looking to lower-cost countries like Indonesia, Malaysia and Vietnam, according to Ghandi.
“We are addicted to the highest possible quality and the lowest possible prices -- that’s capitalism,” he said. “And I think [Trump] takes a huge risk.”