Food, Fuel, Steel, and more: What could be expensive in the United States after Trump imposed tariffs on Canada, Mexico 'to protect Americans'
Photo/Getty Images and AP

US President Donald Trump on Saturday signed an order to impose tariffs on imports from Mexico, Canada and China. In response, Mexico and Canada announced to compete in trade tensions.

Poll

What do you think about the new taxes imposed on Canada, Mexico and China?

Trump said on social media that “to protect Americans” was necessary. He called on the three countries to take further action against the production and export of illegal fantasy and demanded Mexico and Canada to reduce illegal immigration in the United States. Reducing prices.

Economists have warned that these taxes can damage inflation, making it difficult for consumers to afford goods such as goods, petrol, housing and cars.

This is what we can get in the preir

Food products
Mexico may increase prices of fruits, vegetables and nuts, including Eukados, which are widely used during the super bowel on February 9.
According to the US Department of Agriculture, in 2023, the United States imported more than $ 45 billion from Mexico, including strawberries, raspberry, tomatoes and beef. Other imports include Mexican beer, alcohol and spirits.
Canada exported about $ 40 billion worth of agricultural products to the United States this year, including beef, pork, cereals, potatoes and canola oil. 25 % tariff can increase the prices of these items.
Fuel and energy
In 2023, the United States imported $ 97 billion worth of oil and gas from Canada. According to the US Energy Information Administration, the United States has relied more on Canadian oil, following the expansion of Canada’s Trans Mountain pipeline.
The tariff on Canada’s energy products is set at 10 %, which is less than 25 % for other Canadian exports.
Due to weak demand, gas prices usually decrease in February. However, if the summer remains in place of revenue, it can be more effective.
Some regions will be more impressed than others. Most Canadian oil is transferred to the midwest refineries by the pipeline. According to a CNN report, states are likely to see the biggest effects of them, including Adho, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Montana, Nebraska, North Dakota, Ohio, Pennsylvania , South Dakota, and Wisconsin.
The impact of revenue on car prices in the US
US consumers are rapidly buying vehicles built in Canada or Mexico, or consisting of imported parts from those countries. According to the S&P Global Mobility, in 2023, the United States imported $ 69 billion worth of cars from Mexico and light trucks and $ 37 billion from Canada.
In addition, $ 78 billion worth of auto parts came from Mexico, while Canada provided parts of $ 20 billion. For example, Ford’s F -series pickup truck engines are manufactured in Canada.
With the expected to increase importers’ costs, these costs are likely to be reached to consumers. According to a CBS News report, the average car price in the United States could increase by about $ 3,000.
Steel value to go up
The United States, although a manufacturing is no longer a heavy economy, still uses tens of millions of tons of steel annually, supporting industries like automatic, oil production, construction and infrastructure.
Canada and Mexico are steel suppliers in the United States, which are first and third in exports. During his first term, President Trump imposed a 25 % tariff on steel imports from most countries in June 2018. However, Mexico and Canada were exempted under free trade agreements with the United States.
Currently, Canada supplys about 25 % of imported steel imported by US business, while Mexico accounts for about 12 %, an industry trading group, of official data from the American Iron & Steel Institute. According to
Other products
In addition to the above mentioned items, beer and alcohol. Home construction and furniture; Electronics, toys, devices can also be expensive.





Source link