SOCMA Statement on New Tariffs for Mexico, Canada, and China

November 26, 2024

The Society of Chemical Manufacturers and Affiliates (SOCMA) supports strengthening American manufacturing but believes broad tariffs are not the right approach.

We advocate for targeted trade policies that address specific challenges without driving up costs for critical raw materials that aren’t produced in the U.S. Blanket tariffs hurt American manufacturers by disrupting supply chains, including those established under the United States-Mexico-Canada Agreement (USMCA).

While it’s important to reduce reliance on foreign suppliers for supply chain security, some materials simply can’t be sourced domestically. Tariffs on these essential inputs raise costs for manufacturers, stifling innovation and harming U.S. competitiveness in global markets. Should the administration move forward with these broad tariffs, we urge them to create a clear and efficient process for excluding materials that aren’t available in the U.S.

A fair-trade environment and consistent regulations are key to helping U.S. businesses succeed globally. SOCMA stands ready to work with the administration to support policies that strengthen manufacturing, secure supply chains, and boost U.S. competitiveness—without placing unnecessary burdens on American industries.

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