Seraph’s founder Ambrose Conroy was featured in The Wall Street Journal discussing the economic consequences of President Trump’s proposed 25% tariffs on imports from Canada and Mexico. The article highlights growing concerns that these tariffs could drive up consumer prices, disrupt supply chains, and push inflation beyond the Federal Reserve’s 2% target, potentially reaching 3.2%. Automakers and manufacturers are already responding, with some ramping up production and expediting shipments to the U.S. ahead of the tariff implementation.
Conroy noted that auto parts manufacturers in Mexico and Canada are working overtime and accelerating deliveries to avoid potential cost increases. At the same time, some companies are considering relocating production to the U.S. to minimize long-term exposure to tariffs.
The broader economic implications include the potential for higher costs to be passed on to American consumers, exacerbating inflationary pressures. Companies must now decide whether to absorb the increased costs, shift production, or pass expenses to buyers.
