President Trump Planning to impose a 25 % tariff On Mexico and Canada on Saturday, And 10 % of the customs tariff for China, manufacturing The promise of the campaign to sign and the basic economic philosophy of the reality of its administration, with effects on everything from oil to Cars to American consumer. But for many companies throughout the economy, preparations for the new tariff war began – before Trump won the 2024 elections.
Among the large companies in the consumer sectors such as Walmart, Columbia SPORTSWEAR and Lenovo, to a wide range of critical goods for infrastructure projects, importers move quickly throughout 2024 to get the largest possible amount of products in the United States
Paul Brashir, Vice President of the World Supply Series in Logistics, says with components used in infrastructure projects, one of the largest sectors of the products that are brought in infrastructure components, one of the largest sectors of the products that are brought in the country early.
“Many of these budgets (infrastructure/construction) have been made two or three years ago, and an additional 20 % of the cost can blow these budgets of water,” said Braisher. “So you need to enter it before the tariffs so that you can protect the summary.”
Solar panels, reserve energy supplies, shelves, and lithium batteries used in data centers are identified by ImportGenius where some additional elements are loaded.
“When it comes to the influence of definitions, in discussions about the effectiveness of definitions as an economic policy.” Said they are not interested in academic questions about what are the principles and what If this specific tool can be justified in theory to use this specific tariff. They want to know when it will affect the amount of products, and any products, “Teitelbau, who participated in the structuring of the Pacific partnership, said a commercial deal that President Trump withdrew to the United States during his first time in office.
Early storing products in warehouses requires additional costs. “The costs of the warehouses are folded at the price of the product. In the end, the consumer will pay,” said Braisher. He added that in the case of storing the infrastructure project equipment, companies absorb the cost, but they are better than paying the customs tariff.
Although the largest companies in the market can make products early, a strategy called front loading, not all companies can bear this approach.
“I don't know what will happen,” said Rick Muscat, head of family -owned shoes, Der Station, who imports about two million shoes annually, with about 98 % of their men's shoes and boy in China. Sold in Mace's, Kohl's, JCPENNEY and Amazon.
Trump threatened to impose a tariff of up to 60 % in the end Products from China.
Muskat says that the company's “delicate code margins” prohibits it from front loading products, and consumers may eventually have to push it. “We will increase our price,” said Muscat. “The retailer will accept or not accept it. If they accept it, its price will increase. Then the consumer will be left without another option. There will be a shock of a sticker.”
Despite President Trump's allegations that foreign countries like China are paying for a customs tariff, Muscat said that companies like his bear are in pain. He showed CNBC customs documents to prove this.
“The importer pays the customs tariff,” said Muscat. “The goods are not launched by customs in the American region until the importer, tariff, and tax will be paid. Customs withdraw the amount directly from our account.
The most popular Deer Stags sells $ 50. If the definitions are imposed, Muskat said that the shoe will likely increase to $ 75. Musakat explained that part of the problem is that the orders of shoes and prices are negotiated about seven months before delivery with customers.
While Trump has set the definitions as a key to developing the American economy, Muskat sees commercial policy a threat to his American family's dream of owning a company.
“He keeps me at night,” he said. “We are a family company. We consider the people who work for us, and it is part of our family. Most of our team has been with us more than 20 years. We recently rented the people who are retired. Family.”
Safiya Ghori-Ahmad, the leadership of global public affairs in APCO, who advised customers for several months on how to deliver the upcoming price increases to customers, said the effect would feel wider than it was during the first period of Trump's state.
“It is really important for companies to talk about the real influence on consumers,” said Gauri Arad. “This time, the definitions will be more expanding. In addition to China, we will likely see a customs tariff with our largest commercial, Mexico and Canada partners. These definitions can include food, car sector, furniture and games from Mexico.”
Even companies that have taken movements in recent years to restructure supply and manufacturing chains cannot move quickly enough with these complex processes to avoid the large effects of definitions. Surfaceart, who manufactures tiles and tiles products, has transferred its operations outside China as a result of the 2018 definitions and millions have eliminated operations in the United States, but still have enough ability to meet the demand. Surfaceart has facilities in Vietnam, Spain and Italy to capture the additional capacity that cannot be fulfilled by American operations.
“The amount of import is necessary to feed the offer to the United States is very clear.” Kevin Stopfil, the president of the family owned by the family. If a blanket tariff is enacted on imports, the step in which the Trump administration is considering with the various federal departments in charge of preparing a report on possible definitions during the 60th The next day, Starfille says it's not only companies and business owners, but everyone is in us who need to be prepared. “The United States does not simply have the ability to manufacture the tiles required by the United States market. This will affect everyone you know. It will also affect the cost of construction, the cost of building a house, and re -display. “
