“Those tariffs threaten deeply integrated supply chains, investment flows and economic stability On both sides of the Atlantic, “said an EU spokesperson, Olof Gill.
In detail, this Tuesday They fulfilled the days of extension that the president of the United States had granted Before the tax increase for Mexican, Canadian products and also from China entered into force
Last year, the United States made almost 2.2 billion dollars in the trade of goods – exportations more imports – with the countries that the president is pointing out: US $ 840,000 million with Mexico, US $ 762,000 million with Canada YU $ S582,000 million with China.
In this scenario, Trump declared an economic emergency to justify tariffsmarking the most aggressive use of rates by the United States since the 1930s.
Donald Trump’s tariffs for Mexico, Canada and China begin
Any import from Mexico and Canada will have 25%tariffs, while those of Canadian hydrocarbons will have a 10%tax. Chinese imports, which since February had additional 10% tariffs, add up to another 10% more, something that raises fears for their impact on inflation.
These tariff increases to China are added to those announced during the commercial war with the Asian giant initiated by Trump during their first mandate.
The Canadian Prime Minister, Justin Trudeauannounced 25% tariffs against US $ 155,000 million (more than 95.4 billion euros) in American products during the next 21 days.
As announced on Tuesday the Chinese finances ministry, Beijing will tax with 15 % the American imports of chicken, wheat and corn, and with 10 % those of soybean, pork, beef, aquatic products, fruits and dairy, inter alia.
Some imports Affected by Trump’s tariffs
Automotive production
For decades, more than one in five of cars and light trucks sold in the United States were manufactured in Canada or Mexico. Last year, The US imported light vehicles and trucks for US $ 79,000 million from Mexico —Many more than any other country – and 31,000 million dollars from Canada.
China is also an important supplier of car parts, US $ 18,000 million in 2024. S&P Global Mobility estimates that “importers are likely to transfer most, if not the totality, of this increase (costs) to consumers.”
Diesel
Canada is the biggest foreign oil supplier for the United States. In 2024, he sent raw for a $ 98,000 million, far ahead of Mexico, and for many US refineries, there are not many options.
Canada produces “the type of crude oil that US refineries are prepared to process”, Lincicome indicated.
Food
In 2024, the United States bought more than US $ 49,000 million in agricultural products in Mexico – including 47% of imported vegetables and 40% of fruits. These agricultural imports of Canada amounted to $ 41,000 million.
“Liming stores operate with really small margins,” Lincicome said. “They cannot absorb tariffs … especially when you talk about things like avocados that basically 90% come from Mexico.”
American farmers are also nervous, since Canada and Mexico could respond with tariffs to American products such as soybeans and corn. That is what happened in Trump’s first administration.
Source: Ambito
