Here's how tariffs on Canada, China and Mexico may impact U.S. consumers
China, Mexico and Canada are the three largest trading partners with the U.S., as measured by imported goods. They respectively supplied about $536 billion, $455 billion, and $437 billion of goods to the U.S. in 2022, according to the Office of the U.S. Trade Representative.
Trump had been threatening the tariffs to ensure greater cooperation from the countries on stopping illegal immigration.
For months, automakers have been taking a “wait-and-see” approach to the Trump administration’s potential tariffs.
According to Tom Kloza, the global head of energy analysis at Oil Price Information Service, if fuel producers respond to the ...
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