Controlling What We Can Control

August 11, 2025 | International Trade Plays Major Role in Iowa's Economy JD Davis, Iowa Association of Business and Industry,

In today’s economic climate, uncertainty is a given. Ongoing conversations about tariffs and global trade policy remind us that some forces are beyond the control of any one business.

Our 2025 ABI CEO Survey confirms what many of you already feel: 39% of respondents say tariffs on Chinese imports have negatively impacted their business, and 40% say the same about tariffs on Canadian and Mexican imports. Roughly a third remain in “wait-and-see” mode, unsure how these policies will play out.

While we cannot dictate federal or international policy, Iowa businesses have proven time and again they can adapt, innovate, and succeed. In 2020, when supply chain disruptions were at unprecedented levels, Iowa companies rose to the challenge—finding new suppliers, adjusting operations, and creating solutions to keep serving customers. That same mindset is just as valuable today.

At ABI, we believe one of the best ways to navigate uncertainty is to focus on what can be influenced. That’s why our advocacy on behalf of Iowa’s business community is so important. State-level policy decisions directly affect your operations, competitiveness, and long-term success.

Recent wins — like HF 2317’s phased corporate income tax cuts — make Iowa more competitive. Major unemployment insurance reforms will save employers nearly $1 billion over five years. Pro-growth regulatory changes are cutting red tape. Iowa’s state government reorganization has not only made state government leaner, but response times for regulatory actions are decreasing. And the new Major Economic Growth Attraction (MEGA) program is already positioning Iowa to attract transformational investments from new and existing businesses.

Beyond the Statehouse, the governor and her delegation’s overseas trade trips continue to open doors for Iowa companies and commodities, forging relationships and creating opportunities in markets where our members want to grow.

ABI will continue to champion policies that strengthen Iowa’s business climate, giving employers every possible advantage to thrive — no matter the global headwinds.