Prices in Canada and Mexico will have a real and devastating impact on thousands of small businesses across the country, and the discussion on other prices on other countries creates uncertainty.
Even those who can transmit the cost of prices to customers immediately say that they fear that additional costs have an impact on their ability to remain competitive and profitable – or to grow.
Many small businesses are starting to talk about what prices mean for their businesses.
Here’s what they say.
Small businesses
“My company will feel an immediate and harmful impact following these prices. Threats and uncertainty have made commercial decisions difficult, and these types of prices will make it extremely difficult for small businesses like mine. »»
– TRACI TAPANI, co -president of Wyoming MachineA manufacturer of minnesota sheets that buys aluminum in Canada. Tapani is vice-president of the Small Business Council in the United States House.
“I am afraid that we should close our doors because people will not have the money to come and buy things like piñatas and all traditional Mexican candies that people love.”
– Yes Noyola, owner, Kandy Queen DulceriaNorth Richland Hills, Texas, CBS Texas
“Since the announcement, there would be prices on Mexico and Canada, we have seen prices on all materials, including domestic documents, start to increase … We are talking about 75 cents on a case of our drinks produced”
– Bill Baburek, Owner, Crescent moonOmaha, ne, to Omaha Wowt
Rush to adapt
The owners of small businesses say that prices will have an impact on their ability to grow and hire and already make them less profitable.
“(Wood) has already become more expensive in recent years due to the shocks of the supply chain and forest fires, and a huge proportion of our wood comes from Canada. These prices will make everything we do considerably more, at a time when the housing market at high prices and high interest rates already reduce our results. »»
– Zakheim bar, Owner, Better Place Design & BuildSan Diego, at The Baltimore sun
“I cannot absorb the increase in the cost of a product”
– Michael Howard, owner, Howard Family DesignsWarren, Michigan, at New York Times
“I am very worried. It’s just another tax. We are taxed to death.
– Dennis Percy, Managing Director of Fred’s energywhose trucks collect energy in Canada and deliver it to customers in northern Vermont, for The Boston Globe
“Small businesses work on very small margins. And therefore a 25% increase in any product will harm. And we cannot simply increase our prices whenever the cost increases to us. So we lose a lot of money. »»
– Sarah Payne, owner, Denver concrete vibratorDenver, at Associated Press
“I cannot understand what will happen. I am on alert.
– Erica Campbell, owner, Be a heartPhoenix, atAt New York Times
“People cannot pay more for things and will not pay more for articles. … your items shrink to the point where you will really assess if you keep certain stores open. “”
– Sarah Pitkin, owner of four hardware stores in Virginia, at New York Times
“Will it affect our business?” You bet it is. I don’t like what’s going on. And I think people will be really shocked by the price they will see on cars, wood, clothes, on food. It will be a waste.
– Linda Schlesinger-Wagner, owner, SkinnyteesBirmingham, Michigan, at Associated Press
“These policies have real consequences”
“New prices in Canada and Mexico have exerted unnecessary pressure on Kentucky companies and families. As a state that thrives on trade, we know first of all how these policies disrupt the supply chains, increase costs and threaten jobs. As we have already seen – when the Kentucky bourbon industry was affected by reprisal rates, it lost nearly $ 600 million in exports. These policies have real consequences. We urge political decision -makers to support free business and commercial policies that allow Kentucky companies to compete and grow. Our economy depends on it.
– Ashli Watts, President and CEO, Kentucky Chamber of Commerce
See the impact of the state by state
Impact on Americans
Although the American room shares concerns about border security and the scourge of fentanyl, unfair negotiation practices, prices in Canada and Mexico will not solve these problems and rather lead to higher prices for Americans.
“The main thing is as follows: the prices are a tax paid by the Americans and their broad and blind use would suffocate growth in the worst time possible,” said chamber president and chief executive, Suzanne P. Clark American affairs state address. She stressed that to stimulate economic growth, America must participate in the world economy. This includes seizure of opportunities to increase trade.
In 2024, the room unveiled the Growth and imperative opportunity for AmericaAn initiative to urge decision -makers to focus on a target of 3% of real annual economic growth, which will increase workers’ wages and create new opportunities for Americans to realize their dreams.