In order to oppose the impact of the trade policies that have been put up by US President Donal Trump’s administration, big companies such as Amazon.com Inc, Toyota Motor Corp and Alcoa Corp are making their best possible efforts to find an exit from it.
As per our news sources, the world’s largest online retailer, Amazon is discussing industry-wide advertising campaigns and more extensive government lobbying in order to avoid the imposition of high tariffs on the company which may impact the items being sold through its website and components for its data centres.
Regarding imposing high tariffs by President Donald Trump, Toyota Motor North America, which is a division of Japan’s Toyota has made its workers to reach Washington to join a rally in front of the US Capitol. The company has done this in order to avoid imposition of high tariffs on imported vehicles and parts as the same can affect the company’s sale.
General Motors Co, which as of now is taking benefits of the North American Free Trade Agreement has sent its executives to organize a meeting with the administration and Congress regarding trade issues. Our resources say that the company will face a lot of damage if President Donald Trump pulls it out of the North American Free Trade Agreement or if he imposes auto tariffs over it.”Tariffs would lead to a reduced presence at home and abroad,” the company said in June.
There is also a news that General Motors Co. stood forward to hire Everett Eissenstat who was Trump’s former deputy director of the National Economic Council and adviser on international economic affairs. Our news sources said that Everett Eissenstat left the White House earlier this month.
Besides this, the firms that are already seeking problems through the imposition of high tariffs on steel and aluminium imports are also making their best possible efforts to come out of the dreadful situation.
Our sources further added that over a conference call of investors held this week the chief executive of Alcoa told investors that the aluminium producer was in “active discussions” with the Trump administration, the Commerce Department and members of Congress about the elimination of tariffs or getting an exception for Canadian aluminium.