It’s unclear whether the president will deem the countries to have done enough to entirely or partially avoid the tariffs, which would impose a 25 percent tax on most Mexican and Canadian goods.
Tomatoes, T-shirts, crude oil and cars are among the items that could get more expensive with the new tariffs, according to a Washington Post analysis of international trade data from the Census Bureau.
Mexico is the largest source of imports to the United States, followed by China and Canada. Together, they accounted for 43 percent of the $3.1 trillion in goods that were imported in 2023.
Most imports from Mexico and Canada have not incurred any tariffs, while many imports from China already have. Trump imposed an additional 10 percent levy on Chinese goods in early February and has threatened to double that tariff.
Since taking office, Trump has threatened tariffs on an array of trading partners, including Europe, Russia, Brazil and India. The three executive orders imposing tariffs on Canada, Mexico and China that he signed in early February are the first tariffs officially enacted by the president in his second term.
The result, economists say, will probably be higher prices for everyday Americans.
Disclaimer
The information contained in South Florida Reporter is for general information purposes only.
The South Florida Reporter assumes no responsibility for errors or omissions in the contents of the Service.
In no event shall the South Florida Reporter be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action of contract, negligence or other tort, arising out of or in connection with the use of the Service or the contents of the Service. The Company reserves the right to make additions, deletions, or modifications to the contents of the Service at any time without prior notice.
The Company does not warrant that the Service is free of viruses or other harmful components
