Businesses scramble to contain fallout from Trump's tariffs on Canada, China and Mexico

The president is considering giving you relief, if you live under those rules. And if you haven't lived under those rules, well, then you have got to pay the tariff,

Lutnick said

It will not eliminate the tariffs, but it might modify the tariffs somewhat. That's a decision that will come tomorrow,

Lutnick said

They are mortified by what’s happening, and they don’t support what’s going on, and they don’t like how Canada’s being kind of dragged through the mud on this,

said Katie Stokes, co-owner of the shop

Everything across the board is impacted,

Spatafore said

My company will feel an immediate, detrimental impact as a result of these tariffs,

Traci Tapani, co-president with her sister of Wyoming Machine, a sheet metal fabricator in Stacy, Minnesota that relies on Canadian aluminum, said in a statement

Things are unfolding so quickly,

Brian Cornell, CEO of discount retailer Target, told reporters Tuesday

We expect our vendors across our entire assortment will pass along some level of tariff costs to retailers, making price increases for American consumers highly likely,

When it ... Best Buy’s Barry said

The impact of this measure will be significant,

Coparmex warned of the 25-percent tariffs on Canadian and Mexican imports into the United States

The stability of the economic relationship with our main trading partners must be a priority, but always under fair and reciprocal conditions,

said the group

The impact on us, admittedly, is going to be greater than the impact on the United States, ... You add a 25% tariff on most of that … and it’s going to immediately have an impact in terms of reducing or eliminating gross, possibly sending the economy into a recession.”

Fagan told CNN, adding

If US consumers are not buying as much product produced in Mexico, then eventually, that could result in job losses for Mexico,

Marczak told CNN

If it’s a 25% tariff, that’s far bigger than profit. So, at a certain point, very quickly, unless you can pass those costs along to consumers, ultimately, it’s not profitable to continue to produce,

he said, warning that a pause in production

Justin Trudeauprime Minister

This is going to be tough.”

Canadian Prime Minister Justin Trudeau acknowledged

If this issue of tariffs is consolidated, an important evaluation of the geographic diversification of the Mexican economy must be made,

she said

Tariffs create ripple effects that move through complex supply chains in ways that aren't always obvious,

Travis Tokar, professor of supply chain management at Texas Christian University, wrote in an e-mail

Greg DacoeY chief economist

The exceptionalism and resilience that we've been talking about for two years, I think is starting to show some cracks,

Daco added

We're going to see a price level change upward,

said Kleinhenz

We've got now multiple trade wars on multiple fronts,

Swonk said

If you're filling up in the Northeast, you'll see price increases first and more significantly,

GasBuddy analyst Patrick De Haan said in a blog post on Tuesday

There's simply no simple replacement for the products shipped from Irving Oil's refinery. That's the primary supply point for multiple terminals in the area,

TACenergy said in a market commentary published Tuesday morning