2 February, 2025
What goods and services can be affected by tariffs?
Trump Titates can affect the prices of many goods in the US, including grocery items, gas and other consumer items.
According to the US Department of Agriculture, Mexico and Canada are one of the top suppliers of fruits, vegetables and other foods.
Between 2017 and 2021, Mexico supplied the US with 31% imported horticulture products including fruits, vegetables and alcoholic beverages, the department said.
Mauhill, US Energy Information Administration data show that more than half of the Canada accounts for imported crude oil.
The administration said the US Reliance has almost doubled in the last decade on Canadian crude, jumping from 33% to 60% in 2023 in 2013.
Trump’s tattes are exceptionally low on Canadian oil imports, 25% falling at 10% against tariffs they have put on other Canadian imports.
Therefore, automobiles and auto parts are among the major imports of Canada and Mexico. Many cars and electronics giants have manufacturing plants in Mexico, including Honda, Samsung and LG.
According to 2021 data from the US Department of Commerce, USA, American imports from China, textile products, furnic, beding, lamps, toys, sports, sports equipment and paint are included.
Trump put tariffs on China in his first term, in one step, which forced several companies in business to move several companies with the US to Canada and Mexico. Thesis companies are now scattered for a new wave of tifs.
The National Retail Federation (NRF), which represents the largest retailers in the US, told the Reuters News Agency that the White House should find other ways to achieve its policy goals.
David French, Executive Vice President of NRF of government relations, said, “As long as the thesis is universal tariff, Americans will be forced to pay high prices on everyday consumer goods.”