Wyoming Businesses Brace for Impact as New Tariffs Take Effect

On Sunday, President Trump issued three Executive Orders imposing new tariffs on goods from Canada, Mexico, and China, set to take effect today, February 4. The U.S. Chamber of Commerce responded, calling the move “unprecedented” and warning it will raise prices, disrupt supply chains, and hurt businesses:

“The President is right to focus on major problems like our broken border and the scourge of fentanyl, but the imposition of tariffs under IEEPA is unprecedented, won’t solve these problems, and will only raise prices for American families and upend supply chains. The Chamber will consult with our members, including main street businesses across the country impacted by this move, to determine next steps to prevent economic harm to Americans. We will continue to work with Congress and the administration on solutions to address the fentanyl and border crisis.”

WY it Matters: Wyoming industries—especially agriculture, manufacturing, and retail—could feel the impact through higher costs and trade disruptions. While the administration ties these tariffs to border security and the fentanyl crisis, business leaders argue they won’t solve the problem and could create economic harm.

Your Chamber is assessing the situation and gathering feedback from businesses to determine next steps. A U.S. Chamber member briefing is scheduled for next week—stay tuned for updates as we continue advocating for Wyoming’s economy.