Aerial View of Trucks Queueing Next to the Border Wall Before Crossing to the United States at Otay Commercial Port in Tijuana, Baja California State, Mexico, On Jan. 22, 2025.
Guillermo Arias | AFP | Getty Images
Industry and Corporate Leaders are weighing in after us president Donald Trump Followed through with his threat to impose tariffs on canada, mexico and china.
On Saturday, The Trump Administration’s Senior Trade and Manufacturing Adviser Peter Navarro Confirmed the president will follow through On 25% tarifs on important from mexico and canada, as well as a 10% duty on china. Energy Resources from Canada will have a lower 10% tariff.
A range of Industries, from homebuilders to alcohol producers, detailed the impact tarifs would have on their businesses and consumers. Other Company Leaders Voiced Their Concerns about the Threat of Tariffs Ahead of Saturday’s Order. Here are some of their statements.
John Murphy, Us Chamber of Commerce Senior Vice President, Head of International
“The President is right to focus on Major Problems Like Our Broken Border and The Scourge of Fentanyl, but the impression of tariffs under ieepa is unprectedn Rices for American Families and Upen Supply Chains. The chamber will consult with our members, Including Main Street Businesses Across the Country Impacted by This Move, to Determine Next Steps to Prevent Economic Harm to AMERCANS Resss and the administration on solutions to address the fentanyl and border crisis . “
Shawn Fain, President of the United Auto Workers Union
“The uaw supports aggressive tariff action to protect American manufacturing jobs as a good first step to undoing decades of anti-worker trade policy. Ight over immigration or drug policy. The Trump Administration’s Use of Tarifs to Stop Plant Closures and CURB The Power of Corporations that Pit Us Workers Against Workers in Other CONTRES. Solving collective Bargaining Agreements and Gutting The National Labor Relations Board , Leaves American Workers Facing Worsening Wages and Working Conditions even the administration takes aggressive tarif action.
“IF Trump is Serious About Bringing Back Good Blue Jobs Destroyed by NAFTA, The Usmca, and The WTO, He Should Go A Step Furter and IMMEDITELY SEEK to Renegotiate OR Ency we face is not about drugs or immigration , But About a Working Class that Has Fallen Behind for Generations While Corporate America Exploits Workers Abroad and Consures at home for massive wall street paydays. An Jobs, and stop the global race to the bottom immediately. Any tariff action must be followed with a renegotiation of the USMCA, and a full review of the corporate trade regime that has devastated the American and global working class. “
John Bozzella, President and Ceo of Alliance for Automotive Innovation
“Seamless Automotive Trade in North America Accounts for $ 300 Billion in Economic Value. It not only keeps us globally competition, it supports Auto Industry Jobs, VeeH Ability in America. We look forward to work with the administ President’s goals and preserve a healthy, competitive auto industry in America. “
Gov. Matt Blunt, President of the american automotive policy council
“We Continue to Believe That Vehicles and Parts that Meet the Usmca’s Stringent Domestic and Regional Content Requirements These requirements, Should not have their competitiveness undermined by tarifs That will raise the cost of building vehicles in the united states and stymie investment in the American workforce. “
Jay Timmons, President and CEO of the National Association of Manufacturers
“(W) Ith Essential Tax Reforms Left on the Cutting Room Floor by the Last Congress and the Biden Administration, Manufacturers are Alredy Facing MONTING MOUNTING COST PRESSURES. d the very supply chains that have made us Manufacturing more competitive globally.
“The ripple effects will be severe, particularly for smalle and medium-sized manufacturers that Lack the flexibility and capital to rapidly Find alternative supliers or absorb skeyrocketing Usinesses – Employing Millions of American Workers – Will Face Significant Disrupts. will be the brunt of these tariffs, undermining our ability to sell our products at a competitive price and putting american jobs at risk. “
Carl harris,Chairman of the National Association of Home Builders
“On President Trump’s First Day in Office, He Issued An Executive Order Directing Departments and Agencies to Deliver Emergency Price Relief by Pursuing Actions to Low Move to Raise Tariffs by 25% on Canadian and Mexican Goods Will have the opposite effect. More than 70% of the imports of two essential materials that home builders relay on – Softwood Lumber and Gypsum (Used for Drywall)
“Tarifs on Lumber and other building materials increase the cost of construction and discourage new development, and consumers end up paying for the tariffs in the form of higher. Er this action on tariffs and we will continue to work With policymakers to eliminate barriers that make more costly and prevent builders from boosting housing production. “
David McCall, International President of the United Steelworkers Union
“The USW has long called for systemic reform of our broken trade It comes to national security, and our economies are deeply integrated. “
“Workers and their communities are counting on their Elected Leaders to make strategic decisions s on President Trump to Reverse Course on Canadian Tarifs So that we can focus On Trade Solutions that will serve working familyies for the long-term. “
Tom Madrecki, Consumer Brands Association’s Vice President of Supply Chain Resilcy
“Tarifs on all Imported Goods from Mexico and Canada – Especially on Ingredients and Inputs that Aren Bollywood in the Us – Cold Lead to Higher Consumer Pries and Retalia Cing the Vast Majority of ingredients and Inputs from Us Farms and Domestic Suppliers, CPG Companies Depend on Global Supply Chains for Certain Imports Due to Unique Growing Conditions and Other Limiting Factors Around the Wort.
“We Urge Leaders in Mexico and Canada to work with President Trump to PROTECT Consures’ Affordable Products and Remove Tariffs that Cold Contribute to Grosry Information.”
The distilled Spirits Council of the Us, The Chamber of the Tequila Industry and Spirits Canada
“Our Association are Committed to Working Collaboratively With All Stakeholders to Explore Solutions that prevential tariffs on distilled Spirits. Its from canada and mexico will significantly harm all three countries and lead to a cycle of retaliatory tarifs That negatively impacts our shared industry. “
David French, The National Retail Federation’s Executive Vice President of Government Relations
“We Urge the Trump Administration and the Canadian, Mexican and Chinese Governments to the Negotiating Table and Resolve Outstanding Border Security Issues as Quickly as Possible. e of our closest trading partners is a serial step, and we strong Encourage all parties to continue negotiating with the approves serialness to avoid shifting the costs of shared policy failures onto the backs of Americans, works and SMALLL BUSINESSESS.
“Tarifs are just one to the administration’s disposal to achieve a secret border, and we urge it to explore other tools that can achieve the same goals. Ans will be forced to pay higher prices on Everyday Consumer Goods. “
Michael Hanson, The Retail Industry Leaders Association’s Senior Executive Vice President of Public Affairs
“We understand the president is working toward an agreement. . President trump to grow the US economy and lower inflation, and broad-based tarifs will put that at risk, “said.
Shannon Williams, CEO of the Home Furnishings Association
“By early next week, we are anticipating that retailers will be hit with price increases from manufacturers to cover the cost of the tariffs.”
Retailers Brace for Price Increases
Walmart Cfo john david rainey Told CNBC in November: “We Never Want to Raise Prisies. Our model is everyday low prices.
Lowe’s CEO Marvin Ellison Told CNBC: “We’re Not Waiting to Act. We’ve Got Place in place.
Levi’s Finance Chief Harmit Singh in January: The “First Objactivity BELD BE to Minimize The Consumer. So we work internal with our suppliers, we look at our cost base, we look at Opter Protunities and IFTONOT BVUIly we get to protect the structural Economics of the business.
Shein Executive Chairman Donald Tang Told CNBC in January That the retailer’s products can remai
Best buy CEO Corie Barry Said in November That Higher costs from tarifs would be shared by the company, vendors and customers: “these are goods that people need, and higher prices are not helpful.”
Steve Madden Ceo Edward Rogenefeld Said in November That the brand has been “planning for a potential Scenario in which we would have to move goods out of china more quickly.”
(Tagstotranslate) US economy
