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Oleary Ventures President Kevin Oleary joins Fox & Friends to discuss with President Donald Trump about the Canadian and Mexico tariffs and Elon Musks is demanding fraudulent payments approved by the US Treasury.
President Donald Trump’s move to impose tariffs on goods from Mexico in Canada and give further tariffs to China, triggered reactions from several commercial groups who warned imported taxes on US consumers and producers.
The President signed the enforcement order on Saturday, which authorized the 25% Customs Tariff for Import It will enter into force on Tuesday in Canada and Mexico and China on Tuesday.
President Donald Trump gives the founder’s speech after swearing on January 20 in Washington DC into the 47th President of the United States. (Chip Somodevilla/Pool/AFP with the help of Getty Images/Getty Images)
THE Tariffs of goods from Mexico And Canada was both held on Monday on Monday after leaders from both countries accepted concessions and continuously discussed Trump on how to avoid the trade war.
But if they do not conclude an agreement, the tariffs of the two countries and the threatening tariffs of the United States may continue to come into force.
Car groups react to Trump Trump’s tariffs from Canada, Mexico, China
Here are the reactions of several commercial groups to the new tariffs:
American Agricultural Bureau Association
According to the US Agricultural Bureau, President Zippy Duvall “expressed an alarm of farmers’ possible damage” as a result of the new tariffs.
“Farm Bureau members support the goals of security and ensure fair trade with our North -American neighbors and China, but unfortunately we know from the experience that farmers and rural communities are the severity of retaliation,” Duval said in a statement.
A farmer spreads fertilizer on his orbit. AFBF warned that Canadian tariffs increase fertilizer price for US farmers (Harold Hoch Last Look RNP Pictures (Photo: Harold Hoch/Medianews Group/Eagle Reading through Getty Images)/Getty Images)
The leader of the Farm Bureau pointed out that more than 80% of America’s pottery, the most important fertilizer ingredient, comes from Canada and warned tariffs that increase fertilizer prices. high supply costs. “
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Duvall also noted that more than 20% of US agricultural income comes from exports, and Mexico, Canada and China are the first three customers. He said that these markets account for almost half of all exports.
Consumer brands
Tom Madrecki, Vice -President of the Consumer Brand Association for the Supply Chain Resistance, said the Trade Association supports “America First Trade Policy” but warned tariffs of all imported goods from Mexico and Canada ” can result in “” “” “”
He added: “We are urging Mexican and Canadian leaders to work with President Trump to protect consumers’ access to affordable products and remove tariffs that can contribute to inflation of grocery stores.”
The National Association of House Builders
The National Association of House Builders (NAHB) warned that the tariffs of Canadian and Mexican goods would hinder house builders and further increase housing costs and urged Trump’s administration to investigate the step.
The National Association of House Builders warned that the tariffs of Canada and Mexico would increase the cost of critical building materials.
“More than 70% of the imports of two basic materials that home builders rely – Softwood lumber and gypsum (for plasterboard) – come from Canada and Mexico,” said Carl Harris, president of NAHB.
“The tariffs of lumber and other building materials increase the cost of construction and withhold new developments, and consumers pay the tariffs in the form of higher home prices.”
National manufacturers’ association
Jay Timmons, President and CEO of the National Manufacturers’ Association, praised the success of the United States-Mexico-Kanada agreement in the first cycle, but warned that tariffs on Canada and Mexico would endanger US supply chains.
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“The ripple effects will be severe, especially for small and medium-sized manufacturers who have no flexibility and capital to quickly search for alternative suppliers or to absorb rising energy costs,” Timmons said. “These businesses – millions of American workers as employees – face significant disruptions. Finally, manufacturers bear these tariffs, undermining our ability to sell our products at a competitive price and endanger US jobs.”
Kurt Volker, a former US ambassador to NATO, joins “Mornings with Maria” to respond to President Donald Trump’s tariffs in China, Mexico and Canada, as the EU is imposed on the EU.
National retail alliance
“We support the Trump administration’s goal of strengthening the commercial relationship and creating fair and favorable conditions for America,” said David French, executive vice president of the National Retail Association. “But the introduction of steep tariffs for three of our closest trading partners is a serious step.”
The NRF encouraged “each party should continue negotiations to find solutions that strengthen commercial relations and avoid relocating the costs of shared political failures to the backs of American families, workers and small businesses.”
US Chamber of Commerce
Leaders of the United States Chamber of Commerce warned both before Trump’s announcement and after the tariffs could cause economic damage to Americans.
“The President is right to focus on main problems such as our broken border and the fentanil, but the raising of the tariffs under IEEPA is unprecedented, does not solve these problems and only increases the price of American families and supply chains” the chamber leader Vice -President and international John Murphy leader said in a post -step statement.
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Last week, Murphy and the US Chamber President and CEO Suzanne Clark warned the United States that he was attracting blankets and Clark in a statement: “The point is that tariffs are the tax paid by Americans and a wide and selection They would have no use.
