Skip to main content

Six things that could get more expensive for Americans under Trump tariffs

Donald Trump's tariffs on Canadian and Mexican goods, amounting to a 25% increase on imports, threaten a trade war and higher prices for US consumers. The deeply integrated economies of the three countries mean a daily $2 billion flow of manufactured goods is affected. Economists warn that increased import costs will likely be passed on to consumers, or lead to reduced imports and product scarcity.

**Specific examples of price increases:**

* **Cars:** The complex cross-border supply chains in car manufacturing mean a potential $3,000 price increase per vehicle due to tariffs on imported parts.

* **Beer and Spirits:** Popular Mexican beers like Modelo and Corona could become more expensive. The spirits industry, largely tariff-free since the 1990s, expressed deep concern, highlighting that the unique nature of products like Bourbon, tequila, and Canadian whisky could lead to supply shortages and price hikes.

* **Housing:** The US imports a significant amount of lumber from Canada. Tariffs on this key building material could drastically increase home construction costs, impacting affordability and potentially slowing new home construction. A further threat looms with a March 1st investigation into tariffs on *all* lumber and timber imports, regardless of origin, with findings due by year's end.

* **Maple Syrup:** Given Canada's dominant position in global maple syrup production (75% of the market, with 90% from Quebec), tariffs will likely lead to a direct price increase for consumers. Moreover, US goods using Canadian inputs will also see price increases.

* **Fuel:** Canada is the US's largest foreign oil supplier, providing 61% of its imports. While energy faces a lower 10% tariff, any retaliatory reduction in Canadian oil exports could lead to higher gas prices due to the US reliance on heavier Canadian crude for efficient fuel production.

* **Avocados:** Mexico supplies nearly 90% of the US avocado market. Tariffs could significantly increase avocado prices and the cost of avocado-based dishes.

Labels:

Comments

Post a Comment

Popular posts from this blog

Champions League: PSG beat Liverpool; Barcelona, Bayern and Inter also win

## Champions League Round of 16: Upsets, Records, and Dominant Performances The Champions League Round of 16 concluded with a dramatic mix of upsets, record-breaking performances, and dominant displays from established giants. Paris Saint-Germain (PSG) secured a thrilling victory over Premier League leaders Liverpool, while Barcelona, Bayern Munich, and Inter Milan comfortably advanced. **PSG's Penalty Shootout Triumph Over Liverpool:** In a tense encounter at Anfield, PSG edged past Liverpool in a penalty shootout following a 1-0 victory on the night. The aggregate score ended 1-1, sending the tie to penalties. Ousmane Dembele's goal, capitalizing on a defensive error 12 minutes into the second half, proved crucial for PSG. While Liverpool, dominating possession and hitting the post through Jarell Quansah, created numerous chances and forced several saves from Gianluigi Donnarumma, they couldn't break the deadlock. Mohamad Salah converted Liverpool...
Post a Comment
Read more

A night I was a lone home

The night I was a lone at home, the sky looked very dark, I can see no stars and no moon, The was covered by the black cloud and the wind blew heavily and it made a terrible sound of the big leafy mango tree near my window room, the sound made me sleepless and frighten, I tried to dose my eyes but I was still awake then I went to the kitchen to drink water. It was very dark and very quiet that night. Suddenly, I a noise from the back door. My legs and my hands to shake and then the sound was louder. Now my body shook all over but I tried to hide behind the cub board. Immediately, I found that it wasn't a ghost, I knew it was burglars. They tried to break the door. I went to my room immediately and call the police. When the police arrived, the burglars had gone away. The burglars stole everything in the dining room. Few days later, the burglars were caught thle police. In short, whenever you are alone, you should lock the doors carefully.
Post a Comment
Read more

Advantages and Disadvantages of Mobile Phone

It is for fact that having a mobile phone now a days is a sort of a necessity it is an inevitable truth mobile industry is taking everyone by a storm, From the very basic thing of making a call to testing, now internet access for just a touch of your finger tips. Do you have one of these? Or do you know somebody who enjoys having such stuff? I do have one of those too and I won't deny the fact that I enjoy using them. So as one of the million subscriber of this technology I will share you some of the advantages and disadvantages I found out of having a mobile phone as the following. Mobile phones keep you in constant contact with people you consider important. It can help you seek help immediately during emergency cases. If u accesses it's a sense of being financially uplifted. Moreover, through mobile phones you lessen your boredom, listen to your favorite and as well as watching movies through downloading whenever you have access on the internet. And it can take photos, carry...
Post a Comment
Read more