Large companies are afraid of Trump's customs policy – the economy

Concerned about their business, big companies like Amazon in the United States are pushing more and more the government to appeal in the trade dispute. The world's largest online retailer is considering industry-wide advertising campaigns and more lobbying to thwart additional tariff plans, the company says.

Alcoa, an aluminum producer, wants to get rid of the government in its discussions with the government and members of Congress. June applicable to tasks for the industry or at least exceptions. Toyota is trying to increase the pressure on imports of automobiles and spare parts threatened by President Donald Trump with protests from Washington staff

Concern over Christmas Business

This is a tightrope walk for business. They try to avoid any confrontation with Trump, but at the same time exert as much influence as possible. According to insiders, Amazon is mainly concerned about Trump's plans for new tariffs on Chinese products. On the one hand, this could make Christmas business more susceptible to higher prices.

But the cloud for outsourcing IT services to the Internet, where Amazon is the world leader, could suffer higher data import costs from major data centers. Amazon did not want to comment on that.

Exceptions Requested

Alcoa is already feeling the consequences of American customs policy. Because of the fees, the US company has recently lowered its annual forecast. The additional monthly cost of aluminum import duties is expected to increase to $ 14 million in the future, mainly because of tariffs on imports from Canada, the largest supplier from Canada.

Roy Harvey, president of Alcoa's Trump government, the Department of Commerce and members of Congress on the abolition of tariffs or an exception for Canadian aluminum

Trump imposes duties 25% on imports of steel and 10% on aluminum from Canada, Mexico and the European Union, which came into effect in June. Trump wants to protect the US industry, but has caused a global trade dispute with the EU and China's economic power.

Toyota sends workers to Washington

Trump threatens the EU's rights to retaliate car imports. Toyota also makes it mobile. The US subsidiary of Japanese rival Volkswagen went to Washington last week to protest the threatened tariffs on imports of vehicles and components. The head of the division has been discussing with members of Congress for weeks the possible consequences of tariffs.

General Motors also fears trade losses due to Trump's protectionist trade policy. The largest US automaker recently warned the US government of abandoning the North American Free Trade Agreement (NAFTA) with Mexico and Canada and tariffs. The rates would lead to a "reduced presence in Germany and abroad."

According to insiders, the group hopes that it will be backed by a former government insider and Trump consultant. Everett Eissenstat, who resigned as deputy director of the National Economic Council earlier this month, will lead GM's public relations activities in the future.

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