Disney CEO Bob Iger voiced his concerns regarding the impact that President Trump’s tariffs could have on The Walt Disney Company.
Bob Iger Voices Concerns on Tariffs
According to the New York Post, Bob Iger made an appearance during the daily editorial meeting at ABC News, providing his input on the impact of President Trump’s tariffs. Iger joined the meeting a day after Trump signed an executive order putting a series of tariffs on U.S. trade partners.
Iger voiced his concerns that it would not be an easy task to “speedily” relocate overseas manufacturing to the U.S. He pointed out Apple’s Foxconn plants located in China that employ hundreds of thousands of highly specialized workers and stated trying to replicate their level of skill overnight would not be feasible.
Reportedly, Iger also mentioned in the meeting that most people “don’t really understand how tariffs work.” He also shared his concerns regarding the two new Disney Cruise Line ships that rely on steel for construction, and if the costs rise too high the company may need to scale back spending.
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