What products will rise in price for US tariffs to Mexico, Canada and China?

• Tariffs Drive Up Prices in the US
• Key Sectors Face Economic Impact
• Canada, China, and Mexico Respond

The new tariffs imposed by Donald Trump took effect this Tuesday.

Imports from Mexico, Canada, and China now face duties of up to 25%.

A study estimates that U.S. households will pay an additional $1,200 per year due to these tariffs.

This represents the largest tariff increase in a generation.

The most affected sectors include energy, automobiles, technology, and food.

Impact of US Tariffs on the Energy Sector

Canadian gas and oil will now be subject to a 10% tariff.

This measure aims to minimize the impact on U.S. regions dependent on this energy source.

Canada remains the largest oil supplier to the U.S..

It exported $98 billion in crude oil in 2024 alone.

Blow to the Automotive Industry

These tariffs could increase the cost of some vehicles by up to $12,200.

Many automotive components come from China, which will now become more expensive.

Rising Prices for Technology and Clothing in the US

Tariffs on Chinese imports will drive up prices for clothing, toys, and electronics.

In 2024, the U.S. imported more than $32 billion in toys from China.

The cost of footwear and textiles from China is also expected to rise.

Computers and mobile phones will become more expensive due to higher component costs.

Food Prices Will Also Increase

vocados, tequila, and mezcal from Mexico will see price hikes.

Canadian whiskey and other liquors will also be affected.

In 2024, the U.S. purchased $49 billion worth of Mexican agricultural products.

Almost half of the fruits and vegetables consumed in the U.S. come from Mexico.

A 25% tariff could make essential food items significantly more expensive.

Trade Responses from Canada, China, and Mexico

These countries have announced retaliatory tariffs on U.S. products.

Consumers in Canada, Mexico, and China will also face higher prices as a result.

China and Canada will implement countermeasures targeting strategic U.S. sectors.

Mexico is taking a more cautious approach but has not ruled out potential retaliation.

Trump previously imposed similar tariffs during his first term.

At that time, retaliatory measures affected key U.S. industries.

Products like Kentucky bourbon and soybeans became targets of foreign tariffs.

The new tariffs escalate economic uncertainty and trade tensions worldwide.

LISTEN TO THE PODCAST FOR MORE DETAILS