- After a month’s delay, Trump added new prices in Canada and Mexico on Tuesday.
- Trump has also added to existing China prices.
- Here are the goods imported into the United States most of these three countries.
When evaluating the way the president Donald TrumpNew price On Mexico, Canada and China may have an impact on Americans, starting by looking at the most of these countries.
The largest categories are oilelectronics, and vehicles.
Trump has entered into an agreement with the leaders of the two Canada And Mexico To delay the prices of one month in early February. But the delay was temporary, and the 25% prices entered into force Tuesday thanks to a decree. There is a large exception: Canada’s energy imports have a 10%price.
The president has also doubled the prices of China, at 20%, while he continues to put pressure on stronger drug policies, in particular to stop the fentanyl flow in the United States.
The details surrounding the implementation of prices are not yet clear, especially when they could end. Trump’s initial order said the prices would continue “until the crisis is attenuated.”
THE The prices proposed could affect a wide variety of goods that Americans use daily. The census office reported that In 2024, the United States imported more than $ 1.3 billion in goods from China, Mexico and Canada.
From Canada, the main imports of 2024 included more than $ 98 billion in crude oil and about $ 28 billion in passenger cars.
The United States has imported nearly $ 67 billion in Mexico automotive parts in 2024, as well as $ 43 billion in computers, $ 14 billion in medicinal equipment and $ 12 billion in crude oil.
China, on the other hand, is a large supplier of electronics in the United States. Census data has shown that in 2024, the United States imported $ 64 billion in mobile phones and other household items from China, $ 34 billion in computers and around $ 31 billion in games, toys and sports items.
Some companies have was already preparing to increase prices Following Trump’s pricing plans on the campaign track. Real estate consultants previously said bi The fact that Trump’s commercial plans, in particular his 25% prices on steel, should make rent prices and condos more expensive.
Walmart’s financial director John David Rainey, said CNBC On November 19, price increases are probably on the horizon if Trump implements its prices: “We never want to increase prices. Our model is low prices every day. But there will probably be cases where prices will increase for consumers.”
In addition, Trump’s plans could amplify economic strains between the United States and its business partners. China said on Tuesday that it would impose additional tariffs from 10% to 15% on certain American imports from March 10.
Canada and Mexico have threatened reprisals In early February to push Trump’s prices. Trudeau said in a statement at the time that if Trump “wanted to inaugurate a new golden age for the United States, the best way is to join Canada, not to punish us.”
Companies and economists have said that Trump pricing plans would increase consumer prices. Bi has previously reported that the vast price proposals of Trump were likely to Increase prices at all levelsFrom clothing and shoes to computers and video games.
Trump has already denied that it would be the case. “I will put prices on other countries in our country, and that has nothing to do with taxes for us. This is a tax on another country,” said Trump in a August speech. However, he said Journalists in early February that the Americans will feel “a certain pain” as a result of the prices, but he said they would be generally beneficial for the country.
The prices implemented during Trump’s first mandate did not influence inflation significantly, but its recently announced prices are wider and could have a greater impact on prices.