Alcoa, Amazon and Toyota Amongst Others Search to Counter Tariffs

Big businesses in the U.S. from Alcoa Corp to and Toyota Motor Corp. are working in an attempt to counter the effects of the White House administration’s policies on trade and head off any new tariffs.

Companies want to avoid confrontation with President Donald Trump, yet want to exert the most influence possible as they attempt to dissuade home from ripping up different trade agreements or adding new tariffs on large swaths of imports.

Alcoa, which is already suffering from tariffs set by the White House on aluminum and steel imports during June, is pushing for relief but privately.

The CEO of Alcoa told its investors during a conference call that it was actively holding discussions with the White House administration, the Department of Commerce and members of the U.S. Congress about eliminating tariffs or receiving an exception for aluminum from Canada.

Last week, Alcoa said it would incur up to $14 million per month in additional expenses mainly from the tariffs that were levied on imported aluminum from Canada, the biggest supplier it has.

Amazon, which is the biggest online cloud-computing and retail company, could be hurt by the tariffs on items that are sold through its site and components from data centers, and is discussing advertising campaigns industry wide as well as extensive lobbying on Capitol Hill, said a person close to the matter.

Toyota Motor North America, a subsidiary of Toyota in Japan and could be hurt if Trump moves ahead with his plan to place tariffs on imported autos and parts, flew workers into Washington to attend a rally later in the week in front of the U.S. Capitol.

Executives with General Motors, which could suffer if Trump is to pull the country out of its current North American Free Trade Agreement as well as if he decides to impose new auto tariffs, have held meetings with Congress and the Trump administration over the past year as a way to raise concerns about issues of trade.

Tariffs would create a lower presence at both home and abroad, the company said during June.

The largest United States automaker is ready to hire former deputy director with the National Economic Council and an international economic adviser under Trump, Everett Eissenstat, who earlier in July left the Trump administration, to head its public policy efforts, said sources close to the automaker.