Smurfit Westrock, a major global packaging company, warns of potential disruption to its supply chain and demand if US President Donald Trump imposes tariffs on goods from Mexico and Canada.
Packaging products are facing potential headwinds if the US imposes tariffs on imports from Mexico and Canada . Smurfit Westrock , a leading global packaging company, revealed that its Mexican operations, which supply a significant portion of US packaging needs, are most at risk.
While the company's Canadian mill directly exports to the US, the impact on Mexican operations stems from a potential decline in demand for packaged goods if US consumers opt for less expensive alternatives due to increased prices on Mexican produce. US President Donald Trump recently threatened steep tariffs on Mexico and Canada if they don't enhance border security, a move that could significantly disrupt supply chains and impact industries reliant on cross-border trade. Smurfit Westrock CEO, Ron Smurfit, acknowledged the potential gravity of the situation, stating that tariffs on Mexican imports could lead to a decline in packaging demand as consumers may choose less expensive, tariff-free options. The company's Mexican operations are particularly vulnerable as they cater to a large US market for consumer goods. A substantial portion of US food imports comes from Mexico, and any increase in prices due to tariffs could deter consumers from purchasing these products, ultimately leading to reduced demand for packaging. Smurfit Westrock's Canadian mill, which directly exports to the US, would also face a direct impact if tariffs are imposed.
Tariffs Mexico Canada Packaging Supply Chain Smurfit Westrock
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