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Industry and corporate leaders react to Trump duties on Mexico, Canada and China

The airspace of trucks lined next to the border wall before crossing the United States in the Commercial Port of Tijuana, Baja California, Mexico, on January 22, 2025.

Guiro Arias AFP | Gety pictures

The leaders of industry and companies weigh after the American President Donald Trump It was followed by a threat to impose customs tariffs on Canada, Mexico and China.

On Saturday, the chief trade and manufacturing consultant at the Trump administration Peter Navarro He stressed that the president will continue On 25 % tariffs on imports from Mexico and Canada, as well as a 10 % duty in China. Canada’s energy resources will get a 10 % less tariff.

A group of industries, from home builders to alcohol producers, detailing a tariff for their businesses and consumers. Other corporate leaders expressed their concerns about the threat of definitions before Saturday. Here are some of their data.

John Murphy, Vice -President of the American Trade Council, President of the International

“The president is right to focus on the main problems such as our broken borders and fentanel lesion, but the imposition of customs duties under IEPA is unprecedented, and will not solve these problems, and will not only raise the prices of American families and exceed the supply chains. The room will consult with our members, including companies The main streets throughout the country affected by this step, to determine the next steps to prevent the economic harm of the Americans.

Sean Fine, President of the United Automobile Workers Union

“UAW supports aggressive tariff procedures to protect American manufacturing functions as a good first step to back down contracts from the anti -workers’ trade policy. We do not support the use of factory workers as a shyman in a battle on immigration or drug policy. We are ready to support the Tram administration’s use of definitions to stop the closure of manufacturers and reduce The strength of companies that incite American workers against workers in other countries. He leaves American workers who face wages and working conditions even while the administration takes an aggressive tariff.

“If Trump is serious about restoring the functions of people with good blue collars destroyed by NAFTA, USMCA, and the World Trade Organization, he must go further and seek immediately to re -negotiate, but about the working class that has left generations while companies exploit workers Outside and consumers at home for the huge Wall Street batches.

John Bouzella, President and CEO of Alliace for Innovation Automotive

“North American car trade in North America is $ 300 billion in the economic value. It does not only keep us competing worldwide, but also supports the functions of the auto industry, the selection of vehicles, and the ability to bear the costs of vehicles in America. We look forward to working with the administration for the solutions that achieve The goals of the president and the maintenance of the health and competitive car industry in America.

The governor of the state, Matt Blant, Chairman of the American Automobile Policy Council

“We still believe that vehicles and parts that meet the requirements of the strict local and regional content in USMCA should be exempt from increased customs tariffs. This will increase the cost of building vehicles in the United States and Stymie Investment in the American workforce.”

Jay Timmons, President and CEO of the National Society of Manufacturers

“[W]The basic tax reforms that were left in the cutting hall by the last Congress and the administration of Biden, the manufacturers already face escalating cost pressure. A 25 % tariff in Canada and Mexico threatens to raise supply chains that made us manufacture more competitive in the world.

“The effects of ripple will be severe, especially for young and medium manufacturers who lack flexibility and capital to quickly find two alternative suppliers or absorb high energy costs. These companies-employ millions Sell ​​our products at a competitive price and put American jobs at risk.

Karl Harris, Head of the National Association for Home Buildings

“On the first day of President Trump in his post, he issued an executive order directing departments and agencies to provide emergency prices by following up procedures to reduce housing cost and increase housing supply. This step to raise the tariffs by 25 % on Canadian and Mexican goods will have an opposite impact.

“The tariffs of definitions on wood and other building materials increase the cost of construction and discourage the new development, and consumers end the payment against customs duties in the form of high prices of homes. NAHB urges the administration to reconsider this procedure on the definitions and we will continue to work with policy makers to get rid of barriers that make Housing is more expensive and prevents builders from enhancing housing production. “

David McCall, International Country Workers’ President

“The USW has long called for the systematic reform of our broken commercial system, but revenge in the main allies like Canada is not the way forward. Canada has proven itself over and over to be one of our strongest partners when it comes to national security, and our economies are deeply integrated.”

“Workers and their societies depend on their elected leaders to take strategic decisions that help to confront bad commercial actors such as China and at the same time enhance the ability to manufacture Long term. “

Tom Madrieke, Vice President of the Consumers Trade Association

“The customs tariff for all the goods imported from Mexico and Canada – especially on the components and inputs that are not available in the United States – can lead to high prices of consumers and revenge against American exporters. Local suppliers, CPG, rely on global supply chains for some imports due to unique growing circumstances and factors Another limit around the world.

“We urge the leaders in Mexico and Canada to work with President Trump to protect consumers’ access to products at reasonable prices and remove definitions that can contribute to grocery enlargement.”

Read more CNBC tariff cover

The Military Spirits Council in the United States, the Chamber of Industry of Tikila and the Souls of Canada

“Our associations are committed to working cooperatively with all stakeholders to explore solutions that prevent potential definitions on distilled spirits. We are very concerned that American definitions of the lives imported from Canada and Mexico will greatly harm all three countries and lead to a cycle of revenge definitions this negatively affects On our common industry.

David French, Executive Vice President of the National Union of National Federation for Government Relations

“We urge the Trump administration and Canadian, Mexican and Chinese governments to come to the negotiating table and solve the distinct border security problems as quickly To avoid transferring the costs of common policy failure to the emergence of American families, workers and small companies.

“The definitions are only one tool at the disposal of the administration to achieve safe boundaries, and we urge it to explore other tools that can achieve the same goals. As long as these global definitions are valid, Americans will have to pay higher prices on daily consumer goods.”

Michael Hanson, First CEO of the retail leadership Association

“We understand that the president is working for an agreement. President Trump said to develop the US economy, low inflation, and widely based definitions.

Shannon Williams, CEO of the Home Furniture Association

“By early next week, we expect retail dealers to be exposed as prices increase from manufacturers to cover the cost of definitions.”

Retail traders are a pillar to increase prices

Wal Mart Financial Director John David Rene Tell CNBC in November: “We never want to raise prices. Our model is low daily prices. But there will be cases where prices are raised for consumers.”

Louie “We are not awaiting behavior. We have plans in place. We have scenarios in place, and we are trying to understand the effects,” CEO Marvin Ellson told CNBC.

Fibrous Finance President Hart Singh In January: “The first goal is to reduce the effect on the consumer. So we work internally with our suppliers, look at our cost base, and look at other pricing opportunities, and if we cannot cover it, it is clear that we have obtained structural protection work economics.

CEO Donald Tang Tell CNBC in January Retail products can remain accessible to everyone as long as the proposed definitions of President Donald Trump are applied equally. “

Best purchase CEO Curie Barry He said in November The company, sellers and customers will share that these high costs of customs tariffs: “These are the goods that people need, and the highest prices are not useful.”

CEO of Steve Madden Edward Rosenfield He said in November The brand was “planning a possible scenario in which we should transport goods from China more quickly.”

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2025-02-02 01:45:00

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