- After a month delay, Trump added a new tariff to Canada and Mexico on Tuesday.
- Trump added to the current China tariff.
- Below are the goods that were imported to the United States more than these three countries.
When assessing how the new definitions of President Donald Trump on Mexico, Canada and China can affect Americans, by looking at the goods imported from those countries.
The largest categories are oil, electronics and vehicles.
Trump reached a deal with Canada and Mexico leaders to delay the customs tariff for a month in early February. However, the delay was temporary, and the customs duties entered 25 % in effect on Tuesday through an executive order. There is a great exception: Canada’s energy imports have a 10 % tariff.
The President also doubled the China tariff to 20 %, as he continues to pressure the strongest drug policies, especially to stop the flow of fentianils to the United States.
Details surrounding the implementation of the definitions are still unclear, including when they can end. Trump’s first command said that the definitions would continue “until the crisis is reduced.”
the The proposed definitions can affect a wide range of goods that Americans use daily. Census I mentioned Which – which In 2024, the United States imported more than $ 1.3 trillion of goods from China, Mexico and Canada combined.
From Canada, the best imports of 2024 of more than 98 billion dollars of crude oil and about $ 28 billion in passenger cars included.
The United States imported nearly 67 billion dollars of auto parts from Mexico in 2024, along with $ 43 billion of computers, $ 14 billion in medical equipment, and $ 12 billion of crude oil.
China, at the same time, is the main supplier of electronics for the United States. Statistics data showed that in 2024, the United States imported $ 64 billion in mobile phones and other home commodities from China, $ 34 billion in computers, and about $ 31 billion in games, games and sports commodities.
Some companies were already preparing to increase prices as a result of Trump’s tariff plans for the campaign trail. The real estate consultants previously told BI that Trump’s commercial plans, especially its 25 % definition on steel, are to make rental prices and apartment more expensive.
Financial Director at Wall Mart, John David Rene, He said CNBC on November 19, the high prices on the horizon are likely to have a tariff: “We never want to raise prices. Our model is low daily prices. But there are likely to be cases where prices rise for consumers.”
In addition, Trump’s plans can inflate the economic breeds between the United States and its trading partners. China said on Tuesday that it will impose additional definitions from 10 % to 15 % on some American imports starting from March 10.
Canada and Mexico threatened in early February definitions to respond to the Trump tariff. “If Trump wanted to” enter into a new golden age for the United States, the best path is partnership with Canada, not our punishment. “
Companies and economists said that Trump’s tariff plans will increase consumer prices. BI mentioned previously that Trump’s wide tariff proposals are likely to increase prices in all fields, from clothes and shoes to computers and video games.
Trump has previously denied that this was the case. “I will put a customs tariff for other countries coming to our country, and this has nothing to do with us. This is a tax on another country,” Trump said in a speech in August. However, it is He said In early February, journalists would face “some pain” as a result of definitions, but he said they would be useful to the country in general.
The definitions that were implemented during the first period of Trump did not significantly affect inflation, but recently announced definitions and can have a greater impact on prices.
