Trump officially ushers in long-awaited tariffs on Canada, Mexico and China — here’s how it could a

[mystery-ak]

 Trump officially ushers in long-awaited tariffs on Canada, Mexico and China — here’s how it could affect ordinary Americans
By Jon Levine,
Rich Calder and
Katherine Donlevy   
Published Feb. 1, 2025
Updated Feb. 1, 2025, 5:59 p.m. ET

excerpt:

The tariffs could mean significant price increases for ordinary Americans on everyday products.


Cars and car parts

In 2024, the United States imported more than $100 billion worth of cars and vehicle parts from Mexico, with another $34 billion coming from Canada.

Trump’s tariffs will likely lead to more expensive cars at least in the short term before American suppliers can ramp up to fill the shortfall.


Food and Alcohol

Your margaritas and sipping tequilas will also likely take a nasty bump.

In 2024, the United States imported $46 billion of agricultural products from Mexico, according to U.S. Department of Agriculture. Of that figure, fresh fruits totaled $9 billion, and cost for fruit will likely become more expensive at grocery stores across the country when the tariffs kick in.

Consumer electronics

The tariffs could also reduce consumer spending power by $90 billion on smartphones, TVs, laptops and tablets, video game consoles, headphones and other popular electronics, according to the Consumer Technology Association.

Laptops and tablets could see 45% price increases while similar double-digit increases for smartphones and video games could also be on the offing.

“The likelihood of retailers or any importer absorbing the tariff cost is very low, so the pass through to consumers will be quick,” Ed Brzytwa, vice president of international trade at CTA told CBS News “On all the products we looked at, there are going to be price increases.”

The Peterson Institute has estimated Trump’s proposed tariffs would cost the typical US household over $2,600 a year.

more
https://nypost.com/2025/02/01/us-news/trump-begins-long-await-tariffs-on-canada-mexico-and-china/

[DB]

Really?

Smart phones, computers and tablets are made in Canada???

I don't think I buy that...

[Canuck Conservative]

Electronics are under the China tariffs (now about 50%, I think).

** But, you see how this is going, right? It's starting to become a personal feud between Trump and Trudeau.

WHICH MEANS, even if Canada does everything Trump wants, Trump cannot settle as long as Trudeau (or his Liberal successor, to be picked in a few weeks) is in power, because then they can claim a victory - which could be a factor in the upcoming election.

The Canadian Federal Election will probably be in early May* (campaign running thru April), so as soon as Trump sees that the Conservatives are set to win, he'll settle ...

* (hasn't been officially called yet, Liberals are still in power)

[DB]

Electronics are under the China tariffs (now about 50%, I think).

** But, you see how this is going, right? It's starting to become a personal feud between Trump and Trudeau.

WHICH MEANS, even if Canada does everything Trump wants, Trump cannot settle as long as Trudeau (or his Liberal successor, to be picked in a few weeks) is in power, because then they can claim a victory - which could be a factor in the upcoming election.

The Canadian Federal Election will probably be in early May* (campaign running thru April), so as soon as Trump sees that the Conservatives are set to win, he'll settle ...

* (hasn't been officially called yet, Liberals are still in power)

Coming out and saying they were going to target red states and make them pay dearly probably wasn't the most diplomatic approach...