In the decision of President Trump’s management, tariffs were to be imposed on three largest trade partners in the United States, Canada, Mexico, and China. The administration announced 25 % of tariffs in both Canada and Mexico, but China was planning to face 10 % of tariffs.
However, the development on Monday has changed this approach, causing both Canada and Mexico tariff delays. Details remain fluid, but new contracts affect planned tariffs. As the situation progresses, continuous negotiations determine the future of US trade.
There are everything you need to know about why these tariffs were imposed and how they directly affect you.
Will more items cost more? What do you know about Trump tariffs in Canada, Mexico, and China?
What is tariff?
Customs duties are taxes imposed on imported goods. We encourage people to make products from other countries more expensive and instead buy items produced in Japan. Customs duties are often used to protect local industries and apply pressure to change policies to other countries.
Who pays tariffs?
Customs duties are usually paid by importers, and importers give additional costs to consumers. This means that the government is imposing tariffs, but often paying a high price to imported goods.
Why is tariffs in Canada, Mexico, and China?
The Trump administration has imposed tariffs on Canada and Mexico to deal with illegal immigrants and illegal Fentanyl trade, and has led the two countries to retaliate taxes on imports in the United States. In addition, as reported in the AP News, 10 % of tariffs were imposed on imports from China, along with the clear goals of suppressing Fentanyl production. These measures were part of a widespread effort to protect the US national security and fight the opioid crisis.
Did Trump return to tariffs? Pause in Mexico and Canada
On Monday afternoon, Mexico’s President Claudia Symbaum has reached an agreement with Trump to suspend tariffs in Mexico for 30 days. As part of the contract, Mexico deploys 10,000 national security army on the border, fighting illegal drug trafficking, especially Fentanyl. According to NPRs, the United States also agreed to cooperate with Mexico to deal with weapons trafficking.
In the latter half of the day, Trump has a 30 -day pause on Canadian tariffs in a contract with a safe border with a similarity to Mexico.
What items from Canada can be affected by Trump tariffs?
According to the Society for Industry, Security and Trade, the following general imports from Canada to the United States may be affected by Trump tariffs.
WoodCharcoalaluminuminumiron and STEEL, flour, starch, milk milk products, other textiles, horses and fabrics, Walking sticks, whipped sticks Tolography or cinematography Product print book
What are the items from China affected by Trump tariffs?
Items that the United States imports from China may be affected by Trump’s tariff plan, according to trade economics and OEC.
Fish and crustacean cultured fat and oiled plant plants (especially corn), fruits and nuts soap, lubricant, wax, candle, modeling pustyal, flour, starch, dulfish, tea, tea, tea Product, eggs, honey, tableware glass glass glass glass
If Trump resumes tariffs, what items from Mexico may be affected?
According to the US trading economics and OEC imported by the United States from Mexico, it could be affected by Trump’s tariff planning.
Syrian Spiper Product Processed Fruit and nuts Stropical fruit strips, onions, lettuce, cabbage Fruit juice Fertie reservoir products, eggs, honey cotton beer, hard -reco -fee, tea, spice ticks, fish and sea Food Sauce, seasoning
What is Florida importing from Mexico?
Mexico is the first trade partner in Florida and the third largest export country. In 2023, according to the Mexican Embassy, the state imported $ 10.4 billion (Florida, the official international international commercial organization, has only 4.3 billion, but more than $ 4 billion. Products and parts, turbines, and exports have been exported, and other manufactured products, paper products, and dairy products.
Import:
Car: 30 % drink: 7 % fruit and wood nuts: 6 % navigation, measurement, medical and control equipment: 5 % home appliances and other machinery: 5 % Others: 47 %
“Others” include vegetables, meat, fish, alcohol, mobile phones, oil, etc.
What is Florida importing from Canada?
In 2022, Canada is the third largest source of imports in Florida, a repaired $ 48.7 million, $ 268.1 million furniture, $ 230 million, cake, pastry, and $ 2014 million. Oil, turbo jet and $ 17 million of turbine amount. Organization.
Canada is also the largest export market in Florida. Canadian companies and consumers imported Florida Origin products worth $ 5.2 billion in 2023. This contains fertilizers, commercial aircraft and engine, electric circuits, yacht, other vessels, vaccines, human and animal blood.
Just a few weeks ago, the United States Food and Drug Administration has finally approved plans for Florida to import cheap prescription drugs from Canada. Initially, the state plans to import drugs through government programs such as Medicade, prison systems, and facilities operated by children and families in Florida to treat HIV, AIDS, and mental illness. 。
It is not yet known whether the price of these drugs will be affected by tariffs.
What is Florida importing from China?
Florida imports many electronic products from China, as in other areas in the United States, to vehicle parts, furniture parts, travel products, handbags, wallets, air conditioners, arcade game parts, lamps and lighting parts, plastic, plastic. Plastic, household goods, bed linen, etc.
According to SELECT FLORIDA, China -made items accounted for $ 12.43 billion in Florida in 2023.
Contribution: Rachel Bar, USA TODAY
Diamond Walker is a journalist of Palm Beach Post, part of the US toDay Florida Network. You can contact her on dkwalker@gannett.com. Please help us support our journalism. Please subscribe today
