Aerial view of the trucks line up next to the border wall before moving to the United States at the Otay commercial port in Tijuana, Baja California State, Mexico, January 22, 2025.
Guillermo Arias | AFP | Getty images
Industry and business leaders weighed after the American president Donald Trump Followed with his threat of imposing prices in Canada, Mexico and China.
Saturday, the main trade and manufacturing advisor of the Trump Peter Navarro administration confirmed that the president will follow On 25% of prices on imports from Mexico and Canada, as well as 10% of rights to China. Canada’s energy resources will have a less than 10%rate.
A range of industries, from home manufacturers to alcohol producers, has detailed the impact rates on their businesses and consumers. Other business leaders have expressed their concerns about the threat of prices before Saturday. Here are some of their statements.
John Murphy, principal vice-president of the American Chamber of Commerce, Chief of the International
“The president is right to focus on major problems such as our broken border and the scourge of fentanyl, but the taxation of prices under the ieepa is unprecedented, will not solve these problems and will only raise the prices of families American and upset the supply chains. The Chamber will consult our members, including the companies on the main street, through the country affected by this decision, to determine the next steps to prevent economic damage for the Americans. . “”
Shawn Fain, president of the United Auto Workers Union
“The UAW supports aggressive tariff actions to protect US manufacturing jobs as a good first step to cancel decades of anti-traveler commercial policy. We do not support the use of factory workers as pawns in a fight against Immigration or drug policy. , leaves the American workers faced with aggravation of wages and working conditions even if the administration takes aggressive tariff measures.
“If Trump wants to seriously bring good work of blue collar destroyed by the Alena, the USMCA and the WTO, he should go further and immediately seek to renegotiate our broken trade agreements. The national emergency that we are confronted does not concern medication or immigration, but about a working class that has lagged behind for generations while US companies operate workers abroad and consumers at home for the massive pay days of Wall Street.
John Bozzella, president and chief executive officer for Automotive Innovation
“Transparent automotive trade in North America represents $ 300 billion in economic value. It keeps us not only on a global scale, but it supports jobs in the automotive industry, the choice of vehicles and the affordability of vehicles in America. We look forward to working with the administration on solutions that achieve the president’s objectives and preserve a healthy and competitive automotive industry in America. “”
Governor Matt Blunt, president of the American Automotive Policy Council
“We continue to believe that vehicles and parts that meet the strict requirements of domestic and regional content of the USMCA should be exempt from the increase in prices. Our American car manufacturers, who have invested billions in the United States to meet these requirements, should not have their competitiveness underwent by prices this will increase the cost of building vehicle in the United States and the investment of violation American workforce. “”
Jay Timmons, President and Chief Executive Officer of the National Association of Manufacturers
“”[W]The essential tax reforms left on the floor of the cutting room by the last congress and the Biden administration, the manufacturers are already faced with mounting costs. A 25% price on Canada and Mexico threatens to upset the supply chains that have made us more competitive manufacturing worldwide.
“The training effects will be serious, especially for small and medium manufacturers who do not have flexibility and capital to quickly find alternative suppliers or absorb energy costs. These companies – employing millions of American workers – will be confronted with important disruptions.
Carl Harris, President of the National Association of House Manufacturers
“The first day of mandate of President Trump, he issued an executive decree of the departments and agencies to provide relief for emergency prices by pursuing shares to reduce the cost of housing and increase the housing supply. This decision decision To increase 25% prices on Canadian and Mexican goods will have the opposite effect.
“Wood prices and other building materials increase the cost of construction and discouragement of new development, and consumers end up paying the rates in the highest price form. With political decision -makers to eliminate obstacles that make housing more expensive and prevent manufacturers from stimulating housing production. “”
David McCall, international president of the United Steelworkers Union
“The USW has long called for a systemic reform of our broken trade system, but attacking key allies like Canada is not the way. Canada has proven to be many times as one of our strongest partners in terms of national security, and our savings are deeply integrated. “”
“Workers and their communities rely on their elected leaders to make strategic decisions that help to face bad commercial players such as China while promoting national manufacturing capacity. Our union calls on President Trump to reverse the course on Canadian prices so that we can focus on trade solutions that will serve the long -term families. “”
Tom Madecki, vice-president of the resilience of the supply chain of the association of Consumer Brands Association
“Prices on all products imported from Mexico and Canada – in particular on ingredients and inputs that are not available in the United States – could lead to consumer prices and higher reprisals against American exporters. Despite the supply, the vast majority of ingredients and inputs of American and national suppliers, CPG companies depend on global supply chains for certain imports due to unique growth conditions and other limiting factors in the world.
“We urge the leaders in Mexico and Canada to work with President Trump to protect consumers’ access to affordable products and remove prices that could contribute to grocery inflation.”
The distilled council of spirits of the United States, the Chamber of the Tequila Industry and Spirits Canada
“Our associations have undertaken to work in collaboration with all stakeholders to explore solutions that prevent potential prices on distilled spirits. We are deeply concerned about the fact that American prices on imported spirits of Canada and Mexico considerably harm the three countries and will lead to a cycle of reprisals that has a negative impact on our shared industry. “”
David French, executive vice-president of government relations of the National Retail Federation
“We urge the Trump administration and the Canadian, Mexican and Chinese governments to come to the negotiating table and to solve our border security problems unanswered as quickly as possible. Impose steep prices with three of our business partners close to it is a serious step, and we have strongly encouraged all parties to continue to negotiate with the appropriate seriousness to avoid modifying the costs of policy defaults shared on the back of families, workers and small American businesses.
“Prices are only a tool available to the administration to reach a secure border, and we urge it to explore other tools that can achieve the same objectives. As long as these universal rates are in place, Americans will be forced to pay higher prices on everyday consumer goods.
Michael Hanson, Vice-President Director of Public Affairs of the Retail Industry Leaders Association Association Association
“We understand that the president is working on an agreement. The leaders of the four nations should meet and work to conclude an agreement before February 4 because the promulgation of large rates will disrupt the American economy. The American people will count on President Trump To increase the American economy and the decline in inflation, and general rates in danger, “said.
Shannon Williams, CEO of Home Fernishing Association
“At the beginning of next week, we plan that retailers will be struck by manufacturers’ price increases to cover the cost of prices.”
Retailers are preparing for price increases
Walmart CFO John David Rainey said to CNBC in November: “We never want to increase prices. Our model is low prices every day. But there will probably be cases where prices will increase for consumers.”
Lowe’s CEO Marvin Ellison told CNBC: “We don’t expect to act. We have plans in place. We have scenarios in place, and we try to understand the implications.”
Levi’s Finance chief Harmit Singh in January: The “first objective would be to minimize the impact on the consumer. So we work internally with our suppliers, we look at our cost base, we examine other price opportunities and if we cannot cover it, we must Obviously protect the structure of the company’s economy.
The Executive President of Shein Donald Tang said to CNBC in January The fact that the retailer’s products can remain affordable as long as President Donald Trump’s prices are “also applied”.
Best purchase CEO CORIRIE BARRY said in November That the higher costs of prices would be shared by the company, sellers and customers: “These are goods that people need, and higher prices are not useful.”
CEO of Steve Madden Edward Rosenfeld said in November That the brand “planned a potential scenario in which we had to get out of China goods more quickly”.