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NJBIA is partnering with the National Association of Manufacturers by asking New Jersey businesses to take a brief survey about how their manufacturing operations will be impacted by new tariffs on goods they use that are imported from Canada and Mexico. 

President Donald Trump announced over the weekend that 25% tariffs will be levied on goods imported from Canada and Mexico and an additional 10% tariff will be levied on goods from China. The tariffs were originally set to take effect on Tuesday, Feb. 4, but by late Monday the president had agreed to a 30-day reprieve with Mexico and Canada.

NJBIA President Michele Siekerka, who is also the chair of the Conference of State Manufacturers Association (COSMA), is urging New Jersey businesses to take NAM’s brief  online survey. 

 “Survey results will help us gain a better understanding of how tariffs will impact New Jersey businesses, particularly our manufacturing supply chain,” she said. 

Tariffs are an additional surcharge paid to the federal government by importers and businesses, which can, in turn, choose to pass their higher costs on to other businesses and consumers. A wide variety of imported products could be affected by the new tariffs including agricultural products, vehicles, lumber, electronics, toys and raw materials and equipment used in manufacturing processes.  

According to a NAM fact sheet, 56% of the $3.1 billion in imported goods to the U.S. are “manufacturing inputs” – goods such as fuel, raw materials, and industrial supplies that U.S. manufacturers need to produce other goods. Based on U.S. Census Bureau data, NAM estimates tariffs on goods imported from Mexico and Canada would add an estimated $144 billion to the cost of manufacturing in the U.S. 


UPDATE: This story was updated at 4:50 p.m. Monday to include new information that there would be a 30-day reprieve on tariffs on Canadian goods as well. (Mexico was given a 30-day tariff reprive earlier on Monday morning.)