How Companies Are Dodging Trump Tariffs On Canada, Mexico And China
U.S. companies are frontloading cargo bound for the U.S. due to the uncertainty regarding tariffs. Walmart, Columbia Sportswear and Lenovo have been actively stockpiling goods, according to U.S. Customs data. But not all shippers can afford to. Footwear company Deer Stags said its $50 shoes will go up to $75 if tariffs are increased. Higher tariffs could also have a big impact on Mexico trade. Mexico was the largest exporter of goods to the U.S. in 2024, ahead of China, accounting for $466 billion in imports. CNBC’s Lori Ann Larocco travels to Fort Worth, Texas to visit an ITS Logistics warehouse piled with goods that have been stockpiled there, and explores what the tariffs mean for U.S. consumer prices.
Chapters:
0:00- 2:38 Introduction
2:39 - 6:09 Chapter 1 Frontloading
6:10 - 8:38 Chapter 2 China tariffs
8:39 - 10:54 Chapter 3 Who pays for tariffs
10-55 - 14:13 Chapter 4 Mexico tariffs
Produced and Shot by: Shawn Baldwin
Reporter: Lori Ann LaRocco
Edited by: Evan Lee Miller
Animation: Mallory Brangan, Jason Reginato
Senior Director of Video: Jeniece Pettitt
Additional Camera: Magdelena Petrova
Additional Footage: Getty Images, Walmart
Sat, 01 Feb 2025 17:00:44 GMT