The 25% duties in Canada and Mexico and 20% for China are in force today, with Dondald Trump once again making his threats. All three countries, which are America’s leading trading partners, have said they will not be left with their hands and threatened with retaliation, with China imposing 10% -15% on import duties covering a range of American agricultural products and foods.

The trade of goods in the US with the countries in which it imposes duties stood at nearly 2.2 trillion last year. dollars – exports and imports. Specifically, $ 840 billion with Mexico, $ 762 billion with Canada and $ 582 billion with China.

Trump has declared a state of financial emergency to justify duties.

As for the energy imported by Canada, including oil, gas and electricity, it will be taxed at a lower rate of 10%.

See some of the imported goods whose prices will be hit.

The production of cars

For decades, car companies have created supply chains that cross the United States, Mexico and Canada border. More than one in five vehicles and light trucks sold in the United States were built in Canada or Mexico, according to S&P Global Mobility.

Last year, the United States imported cars and light trucks worth $ 79 billion from Mexico – much more than any other country – and $ 31 billion from Canada. Another $ 81 billion in car spare parts came from Mexico and $ 19 billion from Canada. The Ford’s Ford’s Pickup engines of Ford and Ford Mustang Coupe, for example, come from Canada.

“You have engines and car seats and other things that cross the border many times before they get into a ready -made vehicle,” said Scott Lincicome, a commercial analyst at the Cato Institute. “You have American components going to Mexico to be placed on vehicles that are then sent back to the United States. You put 25% duties on all this, and it’s just a grenade, ”he said.

China is also an important supplier car spare parts In the US – worth $ 18 billion last year.

S&P Global Mobility estimates that this increase in costs to exist will be transferred to consumers. TD Economics notes that Average car prices in the US could grow By about $ 3,000 – at the moment the average new car already costs almost $ 49,000 and the average used at $ 25,000, according to Kelley.

Higher prices in fuel pumps

Canada is by far the largest foreign crude oil supplier in America. In 2024, Canada sent a slow oil worth $ 98 billion, far ahead of No. 2, Mexico, which sent a slow $ 12 billion.

For many US refineries, there are not many options. Canada produces the “crude oil type that American refineries are oriented to process,” said Scott Lincicome. “It’s heavier slow. All the oil and gas we produce here in the United States – or most of it – is a lighter slow that many US refineries do not process, especially in the Midwestern United States.

Computers, clothes and toys

The increase is expected to exist due to duties in China and a variety of consumer goods on which Americans depend on. Mobile phones, computers and other electronic devices were among the top imports from China last year, according to the Ministry of Commerce.

The US also introduced more than $ 32 billion into “games, and sportswear” from China last year, according to figures.

And Americans also import billions of dollars per year in clothing from China. This includes more than $ 7.9 billion in footwear last year, according to Trade Ministry data.

Problem in alcoholic beverages

Duties could also affect the prices in alcoholic beverages and in particular, tequila and Canadian whiskey.

In 2023, the US introduced tequila worth $ 4.6 billion and Tskila Mescal from Mexico worth $ 108 million, according to Disilled Spirits Council in the United States. The US has introduced Canadian spirits worth $ 537 million, including whiskeys worth 202.5 million. dollars.

Canada and Mexico were also the second and third respectively largest importers of American alcoholic beverages in 2023, after the European Union.

Distilled Spirits Council also said the US is already facing a potentially destructive 50% duty on US whiskey from the European Union, which is about to begin in March. Imposing duties in Mexico and Canada could cause even more retaliation on the industry, even affecting jobs.

“At the end of the day, duties on alcoholic products from our neighbors in the North and the South will harm US consumers and lead to job losses across the US hospitality industry, as businesses continue their long recovery from the Pandemic,” said Chris.

In the target the Mexican avocado

For American consumers who are still outraged by high food prices, a trade war with Canada, Mexico and China could be painful. In 2024, the US bought more than $ 49 billion in agricultural products from Mexico, fruits and vegetables.

Imports from Canada’s farms amounted to $ 41 billion. Imposing a 25%duty, this will have a direct copy of prices which are expected to be launched.

“Grocery stores are operating with very small rooms,” Lincicome said. “They can’t absorb duties … especially when you talk about things like avocado that basically everything – 90% – come from Mexico.”

US farmers are also nervous that Canada and Mexico will counteract by imposing duties on US products such as soybeans and corn. This happened during the first Trump governance. China and other countries targeted by tariffs reacted, targeting America’s farmers. Exports of soybeans and other agricultural products declined, so Trump spent billions of money from US taxpayers to compensate farmers for lost sales.

“President Trump is as good as his speech,” said Mark Mchargue, a farmer at Central City, Nebraska, who cultivates corn, soy, popcorn and raises pigs. However, as he said, he would prefer to see the government pushing to open foreign markets to exports of US farms.