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22 JULY 2018 AL CIRCLE

US business giants lobby to discourage Trump from levying further tariffs on imported steel, aluminium and vehicles

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Right from Amazon to Toyota to Alcoa, big companies in the United States are striving hard to discourage the US President Donald Trump from tearing up trade agreements or introducing additional imported tariffs on aluminium and steel and foreign vehicles, but without getting involved into any kind of confrontation.

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Amazon, the world’s largest online retailer and cloud-computing company is planning industry-wide advertising campaigns or more extensive government lobbying to dissuade Trump from tariff plans, fearing that they could hurt their items sold through website and components for data centres. A person familiar with the matter reported this news to Reuters on condition of anonymity. Amazon, however, refuses to decline anything on this report.

Toyto Motor North America has sent workers to Washington for a rally this week in front of the US capitol in a bid to oppose Trump’s car tariffs. While the unit’s chief has met key members of Congress in recent weeks to discuss tariffs’ potential impacts.

Executives from General Motors Co have also held meetings with the administration and Congress to raise its concerns over trade issues.

Besides, those already suffering from aluminium and steel tariffs impacts, which went into effect in June, are also pushing the US government for relief. As chief executive of Alcoa told investors on a conference call that the company was in active discussions with the Trump administration about the elimination of tariffs.

 


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EDITED BY : DEBANJALI SENGUPTA 2MINS READ

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