Air view on trucks in line near the border wall before moving to the United States in the Oday commercial port in Tijuana, the state of Baja California, Mexico, January 2, 2025.
Guillermo arias | AFP | Getty Images
Industry and corporate leaders are Vagani for the President of the United States Donald Trump He followed his threat that he would impose tariffs Canada, Mexico and China.
On Saturday, the trade and production advisor of Trump administration Peter Navarro confirmed that the president would follow at 25% of imports on imports from Mexico and Canada, as well as 10% duties on China. Energy resources from Canada will have a lower tariff of 10%.
The range of industry, from home builders to alcohol manufacturer, would have weighed on the tariffs to hit their business and consumers. Other company leaders expressed concern about the threat of tariffs ahead of Saturday’s order. Here are some of their statements.
John Murphy, American Chamber of Commerce, Senior Vice President, Head of International
“The president is right to focus on big problems such as our broken border and whip fantanil, but the imposition of tariff under the iEep is unprecedented, will not solve these problems and only increase the prices of American families and increase chains of supply. The Chamber will consult with our members , including companies on the main of the country to determine the following steps to prevent economic damage to the Americans. “
Shawn Fain, President of the United Cars Union
“UAW supports aggressive tariff action to protect US manufacturing affairs as a good first step to cancel a decade of trade policy against workers. We do not support the use of factory workers as pupils in the fight over immigration or drug policy. Plainities and suppression of corporations that are US workers in other countries in other countries.
“If Trump seriously deals with the return of good jobs with blue collar destroyed by oil, USMac and WTO, he should go a step further and seek negotiating about our broken trade agreements. The National Emergency Situation we face is not about drugs or immigration , but about the workers’ class, while Corporate America uses workers abroad and consumers at home for massive wages on Wall Street. the working class. “
Carl Harris, President of the National Association of House Builders
“On the first day of President Trump on duty, he issued an executive command that directed departments and agencies to achieve emergency reliefs by implementing actions to reduce the cost of living space and increase the residential space supply. This move to raise tariffs by 25% to Canadian and Mexican goods will have the opposite effect.
“Tariffs on wood and other building materials increase construction costs and discourage new development, and consumers eventually pay tariffs in the form of higher home prices. NAHB calls on the administration to reconsider this shop on tariffs and we will continue to work with policy creators to eliminate obstacles that are housing residentially and prevents builders from reinforcing the production of apartments. “
David McCall, International President United United Steelworkers Union
“Usw has long called for the systemic reform of our broken trade system, but the rush to key allies like Canada is not a way forward. Canada has proven to be one of our strongest partners when it comes to national security, and our economy is deeply integrated.”
“Workers and their communities count on their chosen leaders to make strategic decisions that help face bad trade actors such as China, while stimulating domestic production capacities. Our Alliance calls on President Trump to reverse the Canadian tariff course so we can focus on trade solutions which will serve working families in the long run. “
Tom Madrecki, Vice -President of the Association of Consumer Marks for Resistance to the Supply Chain
“Tariffs to all imported goods from Mexico and Canada – especially on ingredients and inputs that are not available in the US – could lead to higher consumer prices and retaliation against US exporters. Despite collecting a vast majority of ingredients and inputs from US farms and domestic suppliers , CPG companies depend on the global supply chains for certain imports due to the unique conditions of cultivation and other limiting factors around the world.
“We invite leaders in Mexico and Canada to work with President Trump to protect access to consumers with accessible products and eliminate tariffs that could contribute to food inflation.”
Council for Distilled Pentecosts USA, Chamber of Industry Tekila and Spirits of Canada
“Our associations are dedicated to cooperation with all stakeholders to explore solutions that prevent potential tariffs on distilled spirits. We are deeply concerned that US tariffs will significantly harm all three countries to the imported ghosts from Canada and Mexico and lead to a cycle of retaliated tariffs that negatively affects this. our common industry. “
Matthew Shay, Executive Director of National Retail Federation
Tariffs across the ship are “US Families Tax” and “will encourage inflation and price increases and will result in job loss.”
Shannon Williams, Executive Director of the Association of Home Furniture
“By the beginning of next week, traders will be expected to be affected by increasing the manufacturer’s prices to cover the cost of tariffs.”
Price dealers sellers
Walmart Cfo John David Rainey said CNBC in November: “We never want to increase prices. Our model is low prices on a daily basis. But there are probably cases where prices will increase for consumers.”
Lowe’s Executive director Marvin Ellison told CNBC: “We’re not waiting to act. We have plans. We have scenarios and try to understand implications.”
Levi Finance Chief Harmait Singh in January: “The first goal would be to reduce the impact on consumer. So, we work internally with our suppliers, look at our costs, look at other prices options and if we cannot cover it, we obviously protect the structure of the job economy.
Shein Executive President Donald Tang said CNBC in January That the seller products may remain affordable as long as the proposed tariffs from President Donald Trump “apply the same”.
Best to buy Corie Barry CEO in November This would share higher costs than the tariff by the company, suppliers and customers: “These are goods that people need, and higher prices are not useful.”
CEO of Steve Madden Edward Rosenfeld in November If the brand had “planned a potential scenario in which we would have to get the goods out of China faster.”
