The commercial war of the president of the United States, Donald Trump, with the residents of Canada and Mexico has caused votes of reciprocal tariffs.
The three countries, which have deeply integrated economies and supply chains, see approximately $ 2 billion in manufactured products that cross the borders daily, according to a BBC news report.
So what products could be more expensive in the next few days?
Cars
Cars are likely to rise in price, at approximately $ 3,000. This is because the pieces cross US, Canadian and Mexican borders several times before assembling a vehicle.
As a result of higher taxes paid for the importation of parts to build cars, costs are likely to be transferred to customers.
Alcohol
Popular Mexican beers could be more expensive for American customers if US companies that import them go through the highest import taxes. However, it is also possible that, instead of transmitting the increase in costs, companies can simply import less.
When it comes to spirits, certain brands, such as Bourbon, Whiskey Tennessee, Tequila and Canadian whiskey are “recognized as distinctive products and can only occur in their designated countries.”
Then, given the production of these drinks, it cannot be moved, the supplies can be affected, which leads to price increases. Commercial organizations also stressed that many companies have different spiritual brands in the three countries.
Houses
Canadian wood imports are destined to be affected by import tariffs at the US. Trump has said that the United States has “more wood we use.”
However, the National Association of Housing Builders has urged the President to exempt the construction materials of the proposed tariffs “due to their harmful effect on the affordability of the house.”
The industry agency has “serious concerns” that wood tariffs could increase the cost of building houses, which are mostly made of wood in the United States, and also postpone developers who build new homes.
“Consumers end up paying tariffs in the form of higher housing prices,” said Nahb …
Maple syrup
When it comes to the commercial war with Canada, the “most obvious” domestic impact is on the price of Canadian Arce syrup, according to Thomas Sampson, associate professor of economics at the London School of Economics.
The Arce syrup industry of one billion dollars in Canada represents 75 % of the world’s full maple syrup production.
The majority of the sweet basic food, around 90 percent, occurs in the province of Quebec, where the only strategic reserve of the world’s Arce syrup was established 24 years ago.
Fuel prices
Canada is the largest foreign oil supplier in the United States. According to the most recent official commercial figures, 61pc of oil imported to the US.
While 25pc has slapped in Canadian products imported to the US, its energy faces a lower rate of 10 percent.
The United States has no oil shortage, but the guy that its refineries are designed to process means that it depends on the so -called “heavier”, that is, the crude oil of most Canada and some of Mexico.
Avocados
An importation of food in which US consumers can see a significant increase in avocados prices. Cultivated mainly in Mexico due to its warm and humid climate, Mexican avocados represent almost 90 % of the US avocado market every year.
However, with the introduction of new tariffs, the United States Department of Agriculture warned that the cost of avocados, along with the popular avocado -based dishes such as guacamole, could arise, especially for Super Bowl Sunday February 9.
Posted in Dawn, February 4, 2025
