Some American companies are quietly celebrating tariffs as the massive import duties imposed on Chinese, Mexico and Canada goods mean more profits for them.
US-based companies that source or produce goods domestically are extremely pleased that their international competitors will sweat their supply chains.
“We are a great place to go,” said Jeff Sharlach, an associate professor at NYU Stern Business School. “However, there are a few companies whose products are not related to overseas sourcing.”
According to Insiders, one of the companies that C-Suite is bullish on tariffs, the US beer giant that owns Budweiser and Michelob.
Anheuser-Busch employs nearly 18,000 people in the United States, with over 100 brewing facilities in 24 states. The company says it purchases more than $700 million in American farmer materials each year.
And 99% of the beer the company sells in the US is made here, potentially putting a clear advantage over its foreign competitors, such as Corona, a Constellation Brands made with Meixco, and Molson Coors, which is partially headquartered in Canada. Trump's tariffs could raise prices for these brands on US shelves.
Salad seller SweetGreen has long promoted its commitment to locally produced ingredients. This could prove to be a boon to competitors who rely on imported agricultural products from Mexico and Canada.
“We are a 100% US-based company, and most of the supply chain costs come from domestic suppliers. In fact, a significant portion is sourced locally from around the US communities we serve. Sweetgreen CEO Jonathan Neman told this post.
President Trump took office on the pledge to impose harsh new tariffs on countries around the world, but has recently focused on three largest trading partners: China, Mexico and Canada. Trump walked Mexico and Canada tariffs under the US-Mexico-Canada agreement he negotiated for his first term this week after temporarily imposing double-digit import duties on the national trio.
Congressional Republicans – Long-term vigilance on tariffs has largely been reconciled with Trump's use of them.
“President Trump uses tariffs to level the arena to ensure that products made by friends, neighbors and fellow Americans are not undercut by foreign competitors, many of which are known for using slave labor and relying on slave labor. (R-NJ).
