Some goods in the crossing of Trump’s rates for Mexico, Canada and China – Las Vegas Sun

President Donald Trump has signed an order to set tariffs for US neighbors Canada and Mexico, as well as China, Tuesday. Canada and Mexico quickly announced the ranks until China said it would take away “necessary counteractions”.

The business between North American nations now exceeds China, amounted to $ 1.8 trillion in 2023. This is much more than $ 643 billion in the trade that the US made with China in the same year.

Trump has announced an economically urgent Saturday to fulfill 10% of China’s full imports and 25% on imports from Mexico and Canada. The energy imported from Canada, including oil, natural gas and electricity, will be taxed with a lower 10%tax.

Following are only a few imported goods whose prices can be hit first:

“Grenade”, lobe in automotive production

For decades, car companies have been building supplies chains that cross the United States, Mexico and Canada. More than five of the cars and light trucks sold in the United States are built in Canada or Mexico, according to S&P Global Mobility. In 2023, the United States imported cars and light trucks worth $ 69 billion from Mexico – more than any other country – and $ 37 billion from Canada. Another $ 78 billion in auto parts comes from Mexico and $ 20 billion from Canada. The engines in Ford F-Series’ pickups and the iconic Mustang Sports Coupe, for example, come from Canada.

“You have engines and car seats and other things that cross the border repeatedly before you enter a ready -made vehicle,” says Scott Lynchome, a sales analyst at the Libertarian Institute of Cato. “You have American units that go to Mexico to be put into vehicles, which are then sent back to the United States.

“You throw 25% tariffs in all this and it’s just a grenade.”

China is also a major provider of auto parts in the US

In a report on Tuesday, S&P Global Mobility believes that “importers are likely to pass the most, if not all, of this (costs) increase in users. A time when the average new car is already going for $ 50,000 and the average used car for $ 26,000, according to Kelley Blue Book.

Higher pump prices

Canada is the largest foreign provider of raw oil in America. From January to November last year, Canada delivered a raw material worth $ 90 billion, much larger than №2 Mexico to $ 11 billion.

There is no much choice for many American refineries. Canada produces “a type of crude oil that US refineries are aimed at processing,” Lynchikome said. “This is more raw. All the fraction and all the oil and gas we do here in the United States – or the greater part of it – is a easier rude, which many American refineries do not process, especially in the Midwest. “

From the tariffs for the imports of Canadian oil, Lynchikome said, “How the hell is that shaking? I guess it only shakes through higher gas prices, especially in the Midwest. “” The numbers of TD Economics that Trump’s tariffs can increase US gasoline prices by 30 cents to 70 cents per gallon.

Computers, clothes and toys

The tariffs for China can affect a wide variety of consumer goods that Americans depend on. Mobile phones, computers and other electronic devices were among the best imports from China last year, according to the trading department.

The United States also imported over $ 32 billion to Toys, Games and Sports Goods from China last year, data show.

And Americans are importing billions of dollars annual clothing from China. This includes over $ 7.9 billion in shoes last year, according to the trading department.

A problem in Margaritavil

Tariffs can raise the price for those who raise a glass of tequila or Canadian whiskey.

In 2023, the United States imported tequila worth $ 4.6 billion from Mescil from Mexico, according to the Council of Distilled Spirits of the United States, a trade group. The United States has imported $ 537 million, including a $ 202.5 million whiskey.

Canada and Mexico were also the second and third largest importers of American spirits in 2023, behind the European Union, the Council said.

The Council said the US is already facing a potentially devastating 50% tariff for US whiskey from the European Union, which is due in March. The imposition of tariffs for Mexico and Canada can accumulate even more de -life effects on the industry.

Chris Sunger, president and CEO of the Council, said he estimated the goal of protecting jobs in the United States. But Tequila and Canadian whiskey – like Kentucky Bourbon – are defined as distinctive products that can only be made in their country of origin.

“At the end of the day, alcohol tariffs from our neighbors in the north and south will harm US users and lead to job loss in the US Hospitality Industry, just as these businesses continue their long recovery from the pandemics,” said Sunger.

Dear Avocado, just in time for the superbrow

For US consumers, still outraged by the high food prices, the trade war with Canada, Mexico and China can be painful. In 2023, the United States purchased over $ 45 billion in agricultural products from Mexico – including 63% of imported vegetables and 47% of fruits and nuts. The import of farms from Canada reached $ 40 billion. 25% tariff can raise prices.

“Food stores are working on really small margins,” Lyncome said. “They can’t eat tariffs … Especially when you talk about things like avocado, which is mostly 90% – come from Mexico. You’re talking about the guacamole tariffs just before the Super Bowl.

US farmers are also nervous that Canada and Mexico will avenge by hitting the tariffs of American products such as soy and corn. This happened in Trump’s first administration. China and other tariffs of Trump withdrew, heading for supporters of the President in Rural America. The export of soybeans and other agricultural products has dropped out, so Trump has spent billions of money from US taxpayers to recover farmers for lost sales.

“President Trump was as good as his word,” says Mark Mcarg, a central city, Nebraska, a farmer who grows corn, soybeans, popcorn and raising pigs. “This removed the sting from it. That’s sure. ” But he would have chosen to see the government to press the opening of foreign markets to the export of US farms. “We prefer our money from the market,” said McChagargue, President of the Nebraska Farm Bureau. “You don’t feel great to get a government check.”