‘Biggest challenge is uncertainty’: Bipartisan mayors raise alarm over tariffs

Industry Concerns Regarding Tariffs and Trade - The auto industry faces significant challenges due to tariffs, primarily stemming from uncertainty [2][3] - Uncertainty surrounding tariffs impacts local businesses due to the complex global supply chains of auto parts [3] - Rising material costs, including steel and aluminum, are a major concern for manufacturing and construction [6][8] - Increased car prices due to tariffs could lead to decreased affordability and potential layoffs [4][5] Impact on Local Economies and Businesses - Local businesses are worried about the trickle-down effect of tariffs on workers and residents [4][7] - Nearly 60% of surveyed businesses have eliminated capital investment for the remainder of 2025 due to uncertainty [10] - Uncertainty makes it difficult for businesses to accurately price products, impacting their ability to operate [12] - Local business leaders' voices are often unheard in discussions dominated by national leaders [13] City Planning and Budgeting Challenges - Cities face challenges in budgeting and future planning due to the uncertainty caused by changing costs [7][8] - Contingency plans are necessary to address potential cost increases for materials like steel and aluminum in housing complexes [8] - Governmental units face significant challenges due to the uncertainty in adjusting plans and budgets [9] Calls for Clarity and Stability - A clear and stable trade environment is needed to help small businesses navigate the challenges [15] - The president needs to continue communication to resolve the uncertainty surrounding trade policies [14]