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President Trump is planning to impose 25% tariffs In Mexico and Canada on Saturday, and 10% of tariffs about China, doing a firm campaign promise and a central economic philosophy of its administrative reality, with implications for everything of oil to cars to The American consumer. But for many companies throughout the economy, the preparations for a new feed war began a long time ago, long before Trump won the 2024 elections.
From large companies in consumer sectors such as Walmart, Columbia Sportswear and Lenovo, to a wide range of critical goods for infrastructure projects, importers moved quickly for 2024 to obtain both product and could to the United States.
The conversations with customers about bringing their products before possible tariffs began since March of last year, says Paul Brashier, vice president of the global supply chain in their logistics, with components used in infrastructure projects one of the largest products of products that They are presented in the country early.
“Many of those budgets (infrastructure/construction) were made two or three years ago, and additional 20% in the cost could expel those water budgets,” Brashier said. “So you must get them before the rates to protect the final result.”
Importenius identified the solar panels, the elements of the support supply source, the lithium racks and batteries used in the data centers such as some additional elements loaded.
“When it comes to the impact of tariff Trump and do not attack discussions about the effectiveness of tariffs as an economic policy. “They are not interested in academic questions about what the principles are and if this specific tool can be justified in theory to use this particular rate. They want to know when they affect me and how much products,” said Teitelbaum, who was involved in The structuring of the Transpacific Association, a commercial agreement that President Trump took to the United States during his first time in office.
Bringing early products requires storing them in warehouses, and that incurs additional costs. “The warehouse costs folded in the price of a product. In the end, the consumer will pay,” said Brashier. In the case of storage of infrastructure project equipment, companies absorb the cost, but it is better than paying the rate, he added.
While the largest companies in the market can afford to take early products, a strategy called Frontloading, not all companies can afford to adopt this approach.
“I don’t know what will happen,” said Rick Muskat, president of the Retainee In Macy’s, Kohl’s, Jcpenney and Amazon.
Trump has threatened to impose rates of up to 60% in China products.
Muskat says that the “thin margins of shaving” of the company prohibit that front products, and that consumers can have to pay. “We’ll increase our price,” Muskat said. “The retailer will accept it or will not accept it. If they accept it, they will increase its price. Then the consumer will run out of other option. There will be a label shock.”
Despite President Trump’s claims that foreign nations such as China pay tariffs, Muskat said companies like their pain bear. And showed CNBC customs documents to test it.
“The importer pays the rate,” Muskat said. “The goods are not released by customs to the US territory until the importer pays duty, the tariff, the tax customs takes the amount directly from our current account.
Deer Stags Shoe more popular male is sold for $ 50. If tariffs are imposed, Muskat said that the shoe will probably increase to $ 75. Part of the problem, Muskat explained, is that the orders and prices of shoes are negotiated approximately seven months before delivery with customers.
While Trump has positioned tariffs as a key to growing the economy of the United States, Muskat sees commercial policy as a threat to his family’s American dream of owning a business.
“He keeps me awake at night,” he said. “We are a family business. We consider the people who work for us, a part of our family. Most of our team have been with us for more than 20 years. The only ones who have been with us less than 20 years are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are those who are the We have recently hired them to replace the people who retired. “
Safiya Ghori-Ahmad, leader of the global practice of public affairs in APCO, who has been advising customers for months on how Trump’s first mandate.
“It is really important that companies talk about the real impact on consumers,” Ghori-Ahmad said. “This time, tariffs will be more expansive. In addition to China, we will probably see tariffs with our largest commercial partners, Mexico and Canada. These tariffs could include food, the automotive sector, furniture and toys in Mexico.”
Even companies that have made movements in recent years to restructure supply chains and manufacturing cannot move quickly enough with such complicated operations to avoid significant impacts of tariffs. Surfaceart, which manufactures products related to the mosaic and the mosaics, took its operations from China as a result of the 2018 rates and spent millions establishing operations in the United States, but still did not have enough capacity to meet demand. Surfaceart has facilities in Vietnam, Spain and Italy to collect the additional capacity that US operations cannot satisfy.
“The amount of import that is necessary to feed the supply of the United States is quite evident,” Kevin Stupfel, president of the family company. If a general tariff is promulgated in imports, the Trump administration contemplates a measure with several federal departments responsible for preparing a report on possible tariffs in the next 60 days, Stupfel says that it is not only companies and business owners, but all in Those who are in which all in which they are in those in all those who are in which they are all in the us that we need to prepare. “The United States simply does not have the ability to manufacture the mosaic that the US market requires. It would affect everyone who knows. It would also affect the cost of construction, the cost of building a house and remodeling.”
