Trump import tariffs harm small businesses and consumers: increased costs and delays ahead

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Media Contact: Lisa McDonald, Vice President of Communications, 202-207-2829

Washington, DC – The National Consumers League (NCL) is deeply concerned about the Trump administration’s recent announcement of new tariffs on imports from Canada, Mexico, and China. NCL is fearful that this decision could significantly impact American consumers, affecting a wide range of goods that are integral to daily life.

As of this week, an agreement was made between the two North American countries to delay the tariffs for 30 days. This temporary pause allows time to see if these actions can lead to a solution without the need for harsh tariffs. If the agreements are not met or progress is not made, the tariffs could go back into effect after the 30-day period.

While these tariffs are framed as efforts to address national security concerns, the reality is that they could place an undue burden on everyday Americans. Consumers are already facing inflationary pressures, and these additional costs may only exacerbate the financial challenges that families and businesses face. The proposed 25% additional tariff on all imports from Canada and Mexico, along with a 10% tariff on energy resources, will directly drive-up prices on essential goods. NCL is concerned that consumers could feel the impact when they purchase everything from groceries to vehicles, as the increased tariffs is expected to add to the cost of manufacturing and transportation. An estimate from the non-partisan Tax Foundation puts the cost of the proposed tariffs at $800 per household this year.

“We are deeply concerned that these tariffs could hurt everyday Americans,” NCL CEO Sally Greenberg said. “Products consumers rely on daily, from fruits and vegetables to meat and energy could see price increases as supply chains are disrupted. Higher prices on basic goods would make life harder for families across the country, all as a result of these ill-conceived trade policies.”        

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About the National Consumers League (NCL)

The National Consumers League, founded in 1899, is America’s pioneer consumer organization. Our mission is to protect and promote social and economic justice for consumers and workers in the United States and abroad. For more information, visit www.nclnet.org.