Rates in goods Mexico The decision Canada can avoid the price of a gallon of diesel gallons for some drivers to send 70 cents and food invoices, experts told Abc news.
The Trump Administration has confirmed 25% absorption plans for all Canadian and Mexican products this week. These countries form two of the three largest commercial partners in the US, government data shows.
The rates of this magnitude would increase prices paid by the US buyers, as the importers usually spend a portion of the cost of higher taxes to consumers, experts said. Policies can raise prices from tomatoes for a series of products between Tequilaera Tequila.
“It’s a very long list of products,” Jason Miller said, Professor of Managing the University of Michigan State University.
Price effect is not clear, as some experts have been able to take the supply chain, some experts added, the rates have no effect, as Trump used the lever in international negotiations.
In response to the request for ABC News “, a white spokesperson made Trump’s previous economic policies, including fares.
“In his first administration, he established the first economic agenda of America, deremulation and inflation of historical energy, salaries and investment. In his second administration, President Trump will use the rates to equalize the game area and the growth of usher And in a new era of prosperity, American industries and staff “White spokesman Kush Desua said to ABC news.
Here is the result of what product products increased rates, according to experts.
Exhaust
Mexico and Canada are 70% of raw US oil imports, which make up the fundamental entry for the supply of nation’s gasoline supply, US Energy Information AdministrationGovernment agency.
These imports come mainly from Canada, which sends us the specifically built crude oil, Timothy Fitzgerald, Professor at the University of Timothy Fitzgerald’s University of Tennessoque company. News.
Along with the top of the top of the raw Canada, Fitzgerald said to the upper central and eastern and west coast. For these drivers, he added prices to rise between 40 and 70 cents per gasoline.
“You could certainly search for more than 50 centimeters a-gallon in many parts of the country,” Fitzgerald added that it added to the regions that trust raw imported effects.
Rate-related price rises can combine seasonal prices in force for a few weeks, due to gas demand usually grows in the warmer weather in the spring, experts said.
This effect of seasonal prices can be added for each gallon for each other, $ 1 per $ 1 gallon, if fares stop at the beginning of spring, Fitzgerald said.
Tomatoes and avocados
The US imported $ 38.5 billion in Mexican agricultural goods in 2023, becoming the main recipient of such products, US Department of Agriculture Data has been shown. These imports include fresh fruits and vegetables for more than 3 trillion dollars.
Mexican imports are a large part of some fruits and vegetables that Americans eat.
Last year, 90% of the avocadoes eaten in the US were founded in Mexico, the USDA data showed. Other products with a high concentration of Mexican imports, cucumbers, peppers, Jalapenos, Limes and Mangos, said: Miller.
It would be difficult to replace these goods with a home production or alternative supplier, if prices will increase significantly, if the rates are left in force.
“Sure you would expect to see the effect on prices,” Miller said.
In the US also imports beer, tequila and other alcoholic beverages from Mexico, experts said. In 2022, the US imported about $ 26 million from Mexico, according to Mexico, Weight.
“Don’t forget all this beer we import from Mexico,” Miller said.
Cars and automatic pieces
Karmakari and consumers are dependent on the deep links of the car industry in Canada and Mexico, by threat of fares, experts said.
Mexico and Canada consists of two US trade pairs, finished motor vehicles and car parts, according to A Cato Institute Analyze data from the US International Trade Commission.
In 2023, Canada and Mexico accounted for almost $ 120 million worth $ 120 million in US motor vehicles, about 47% of all vehicles imported in that year. The Canada and Mexico created the same share of car imports in this year, showing the study of the Cato Institute.
“It will be very damaged in the operations of two-sided car companies,” Robert Lawrence, the Lecturer of the Government of Government of Government of Government of Government of Harvard, told Abc News.
