Welcome to Aprokoman - Naija Gossip Hub

Business executives have been in a state of limbo over the fluctuating plans of US President Donald Trump to impose major tariffs since he took office in January.

The announcement on Tuesday does not end that uncertainty.

Trump announced on Tuesday that he would impose 25% tariffs on the nation’s two largest trade partners, Canada and Mexico, a move that economists expect will add to costs for US companies that will bear the cost of those tariffs.


It was gathered that the prospect of major levies on imports has dominated corporate America’s discussions this year.

Since the beginning of 2025, more than 750 of the largest US companies are said to have discussed the topic either at investor events or on earnings conference calls.

In recent weeks some companies raced to get ahead of tariffs with pre-ordering of goods, but executives have until now been taking a wait-and-see approach on investments and expenditures, as Trump has altered his plans for tariffs several times since re-taking office.

While the announcement on Tuesday adds some clarity, it is not the end of the story.

Trump has already promised additional tariffs on the European Union and investigations into copper and lumber imports that result in levies on those goods.

“The uncertainty continues. There are decisions being postponed and delayed… there very much is a degree of paralysis,” an executive with the Conference Board, a global business group, David Young said.

“As regards tariffs, I think your guess is good as mine. Things keep on changing day by day,” Hilton Schlosberg, co-CEO of Monster Beverage said.

https://dailypost.ng/2025/03/04/companies-in-limbo-as-trumps-tariffs-arrive/