Breaking down Trump’s tariffs – FreightWaves pcr

Breaking down Trump’s tariffs - FreightWaves


WASHINGTON — The import tariffs imposed by President Donald Trump on Canada (25%), Mexico (25%) and China (10%) over the weekend to coerce those countries into shutting down illegal immigration and drug trafficking will likely cause at least some short-term pain for American consumers, according to economists.

Based on data from 2023 compiled by Trading Economics, below is a list of the top 10 imports from each of the three countries – which are also the largest U.S. trading partners – along with examples of products that could be affected. (The tariffs on Mexico and Canada are on hold for a month after agreements were hashed out on Monday.)


U.S. Imports from Mexico

Rank Category 2023 Value ($ billions)
1 Vehicles other than railway, tramway
Examples: Passenger cars and trucks
130
2 Electrical, electronic equipment
Examples: TV receivers, electric heaters
86
3 Machinery, nuclear reactors, boilers                               
Examples: Air conditioners, refrigerators
82
4 Mineral fuels, oils, distillation products                           
Examples: Cigarette lighters, charcoal
25
5 Optical, photo, technical, medical apparatus                      
Examples: Surgical instruments, orthopedic equipment, hearing aids
22
6 Furniture, lighting signs, prefabricated buildings
Examples: Tables, bedding, mattresses
13
7 Beverages, spirits and vinegar                                        
Examples: Beer, tequila, flavored water
12
8 Unspecified commodities                 11
9 Edible fruits, nuts, peel of citrus fruit, melons               
Examples: Dates, figs, pineapples, avocados, bananas
11
10 Edible vegetables and certain roots and tubers        
Examples: Tomatoes, cucumbers, cabbage, cauliflower, lettuce, onions
10
Source: Trading Economics

U.S. Imports from Canada

Rank Category 2023 Value ($ billions)
1 Mineral fuels, oils, distillation products                          
Examples: Peat litter, petroleum jelly
132
2 Vehicles other than railway, tramway                             
Examples: Cars, car parts
56
3 Machinery, nuclear reactors, boilers                               
Examples: Turbo jets, internal combustion engines
32
4 Unspecified commodities                                               20
5 Plastics                                                                                
Examples: Table and kitchenware
14
6 Pearls, precious stones, metals, coins                       
Examples: Jewelry, silverware
12
7 Wood and articles of wood, wood charcoal                    
Examples: Plywood, particle board
11
8 Aluminum                                                                        
Examples: Aluminum foil, LNG containers
11
9 Electrical, electronic equipment                                        
Examples: Headphones, TV receivers
10
10 Iron and steel for industrial use                             
Examples: Various industrial products
8
Source: Trading Economics

U.S. Imports from China

Rank Category 2023 Value ($billions)
1 Electrical, electronic equipment                                          
Examples: TV receivers, loudspeakers, headphones
127
2 Machinery, nuclear reactors, boilers                                   
Examples: Refrigerators, freezers, dishwashers
86
3 Toys, games, sports requisites                                         
Examples, Toys, sporting equipment
34
4 Furniture, lighting signs, prefabricated buildings             
Examples: Lamps, bedding
20
5 Plastics                                                                                
Examples: Floor coverings, tableware
20
6 Vehicles other than railway, tramway                                   
Examples: Semitrailers, car parts, bicycles
16
7 Optical, photo, technical, medical apparatus                  
Examples: Medical instruments, binoculars
12
8 Articles of iron or steel                                                     
Examples: Stoves, barbecue grills, nails, screws
12
9 Unspecified commodities         10
10 Footwear, gaiters and the like                                             
Examples: Shoes, leggings
10
Source: Trading Economics

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