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Thursday, February 13, 2025
Logistics

Breaking down Trump’s tariffs

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

RankCategory2023 Value ($ billions) 1Vehicles other than railway, tramway
Examples: Passenger cars and trucks1302Electrical, electronic equipment
Examples: TV receivers, electric heaters863Machinery, nuclear reactors, boilers                               
Examples: Air conditioners, refrigerators824Mineral fuels, oils, distillation products                           
Examples: Cigarette lighters, charcoal255Optical, photo, technical, medical apparatus                      
Examples: Surgical instruments, orthopedic equipment, hearing aids226Furniture, lighting signs, prefabricated buildings
Examples: Tables, bedding, mattresses137Beverages, spirits and vinegar                                        
Examples: Beer, tequila, flavored water128Unspecified commodities                 119Edible fruits, nuts, peel of citrus fruit, melons               
Examples: Dates, figs, pineapples, avocados, bananas1110Edible vegetables and certain roots and tubers        
Examples: Tomatoes, cucumbers, cabbage, cauliflower, lettuce, onions10Source: Trading Economics

U.S. Imports from Canada

RankCategory2023 Value ($ billions)1Mineral fuels, oils, distillation products                          
Examples: Peat litter, petroleum jelly1322Vehicles other than railway, tramway                             
Examples: Cars, car parts563Machinery, nuclear reactors, boilers                               
Examples: Turbo jets, internal combustion engines324Unspecified commodities                                              205Plastics                                                                                
Examples: Table and kitchenware146Pearls, precious stones, metals, coins                       
Examples: Jewelry, silverware127Wood and articles of wood, wood charcoal                    
Examples: Plywood, particle board118Aluminum                                                                        
Examples: Aluminum foil, LNG containers119Electrical, electronic equipment                                        
Examples: Headphones, TV receivers1010Iron and steel for industrial use                             
Examples: Various industrial products8Source: Trading Economics

U.S. Imports from China

RankCategory2023 Value ($billions)1Electrical, electronic equipment                                          
Examples: TV receivers, loudspeakers, headphones1272Machinery, nuclear reactors, boilers                                   
Examples: Refrigerators, freezers, dishwashers863Toys, games, sports requisites                                         
Examples, Toys, sporting equipment344Furniture, lighting signs, prefabricated buildings             
Examples: Lamps, bedding205Plastics                                                                                
Examples: Floor coverings, tableware206Vehicles other than railway, tramway                                   
Examples: Semitrailers, car parts, bicycles167Optical, photo, technical, medical apparatus                  
Examples: Medical instruments, binoculars128Articles of iron or steel                                                     
Examples: Stoves, barbecue grills, nails, screws129Unspecified commodities         1010Footwear, gaiters and the like                                             
Examples: Shoes, leggings10Source: Trading Economics

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Click for more FreightWaves articles by John Gallagher.

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