Large companies such as Amazon, General Motors, Toyota and Alcoa are considering ways to avoid the consequences of Donald Trump’s trade policy, and even to influence his administration’s decisions in this area.
Although they refuse any direct confrontation with the President of the United States, they want to exert as much influence as possible to dissuade him from denouncing existing trade agreements or introducing new tariffs.
Amazon, the world’s largest online sales and cloud computing company, which could be heavily penalized by these tariffs, plans to launch advertising campaigns and redouble efforts in the field of political lobbying, Reuters learned. source close to these reflections. When asked about the subject, the company declined to comment.
Toyota Motor North America, which fears that Donald Trump will carry out its threats of taxation of imports of foreign cars and spare parts, sent employees to demonstrate this week in front of the Capitol, while the boss of the American subsidiary of the Japanese manufacturer spoke with parliamentarians.
General Motors executives also met with members of the administration and the Congress over the past year to express their concerns. New tariffs, warned the manufacturer at the end of June, would reduce its presence on the domestic market as well as abroad.
Eissenstat, a former deputy director of the National Economic Council and former Trump advisor for international economic affairs, who has just left the White House, sources close to the record said. .
The company does not exclude this possibility, but has not confirmed it. Everett Eissenstat could not be contacted.
Companies that are already suffering from steel and aluminum tariffs since June are also arguing for a relaxation of these measures.
The CEO of Alcoa, the world’s third-largest aluminum producer, said in a conference call with investors that the company was in “active talks” with the Trump administration, the Commerce Department and Congress to get the waived or, failing that, an exception for Canada, its largest supplier.
The firm this week estimated $ 14 million the monthly incremental cost of taxing imports of Canadian aluminum.
In addition to steel and aluminum, the Trump administration has threatened to introduce tariffs of 10% to 200 billion dollars of Chinese products that range from furniture to computer routers.
Amazon has taken inventory of the items in question to assess the cost of this measure, according to a source close to the record in Seattle. In particular, the firm fears a rise in the price of hardware used in its data centers, which risks undermining the competitiveness of Amazon Web Services. The cloud computing unit is the most profitable in the business.
“I do not know many companies that can escape the risks of tariffs,” said Dean Garfield, chief executive of the Information Technology Industry Council, which includes Microsoft and Google.
Donald Trump has promised Apple boss Tim Cook that the iPhone assembled in China would be exempt from customs duties on Chinese products, the New York Times reported in June .
Daryl Web is the lead editor for PR News Globe. Daryl has been working as a freelance journalist for nearly a decade having published stories in many print and digital publications including, The Detroit News and Tuscaloosa News. Daryl is based in Detroit and covers issues affecting his city and his country. When he’s not busy writing, Daryl enjoys skiing and painting..