What does Trump’s tariff mean to Florida?

The world responded when President Donald Trump’s government announced that it would impose 25 % tariffs on Canada and Mexico. Florida -based companies have supported the impact of the market, from companies that import or export Port Tampa products to construction companies that require construction materials for continuous real estate projects.

On Monday, Trump paused for North America tariffs for a month, and 10 % of Chinese products were implemented. In a pause, companies that are based in Florida will give time to estimate and set a strategy before being drawn into a potential trade war.

Tampa Steel Conference took Steel Leaders from all over the world to Water Street this week. Before predicting the following in the industry, the speaker torn a notebook card because the situation changed. Several conference sessions, focusing on preparing for “Trump 2.0 … a single post about Truth Social could change the trade policy”.

“Please protect your religion. Michaelsin, Chief Supply Chain, a company based in Dallas, states: The story has happened to the audience. I saw the tax expanding.

During the first term of Trump, steel and aluminum were the most hammered products by tariffs, and according to the federal report, the price of some products has been increased three times or more and domestic steel production by 5 %. 。 In 2024, about 350,000 tons of steel passed through the Port Tuna Bay and rose more than half the previous year.

This time, tariffs can affect more broader products from Canada, Mexico and China, from agricultural products and construction materials to automobiles and gasoline.

How this series of tariffs affects Florida’s pocketbook is as follows:

Who pays tariffs?

Michael Kuhn, an associate professor at Tampa University, said that one of the biggest misunderstandings of people would be expensive for a specific country to send products to the United States.

In fact, it is a tax for American consumers and companies.

“If you buy an iPhone or laptop, people who make iPhone and laptops have the same price to everyone in the world. We need to pay to bring it to the country,” Kuhn says. I said.

Many local companies that have to pay higher tariffs on imported goods are located in Port Tampa Bay, which handles more cargo tons than other Florida Port. In 2021, one -third of cargo (11 million tons) came from foreign or abroad. Canada ships the most products to the tampa port, while Mexico is the third destination for exports.

Spokesman Lisa Wolf Chason said that the port would not pay directly to import duties. However, when the arrival cargo is dropped, we collect w -head charges. If the tenant imports a smaller load, the port may lose some revenue from these rates.

The top products that move the port tampo bay are construction materials, fuel, and limestone. According to Wolf-Chason, the tampa port supplies fuel in almost half of Florida’s population.

Can you pay more to gas? Food?

PATRICK DE HAAN, the chief analyst of Gasbuddy, a fuel tracking site, states that gas prices can rise in northern states, which depend on Canada crude oil.

The Port Tampa Bay has obtained most of the fuel from the refinery in Texas. Domestic supply chains have not been affected by tariffs and protect Floridans from significant rising prices.

But consumers need to pay attention to the rise in seasonal prices. Usually, gas prices peak in April. This is because the production method has changed from winter to summer, and more Americans visited the road during the warmer month.

Floridans may not be so easy to avoid rising car prices. According to S & P Global Mobility, an industry publication of the automotive industry, almost all US automakers are affected by tariffs.

Most automakers import 20 % to 60 % of cars from Canada and Mexico. According to S & P Global, consumers all over the country can give most of the average increase in production costs increased by about $ 6,250 on average.

COOON stated that since the United States imports many of agricultural and alcohol from Mexico, food stores are likely to be one of the first rising prices.

The construction industry is braced to get possible effects.

“70 % or more of the import of two important materials depended on the housing contractors -for coniferous materials and plaster (used for dry walls) are from Canada and Mexico, respectively,” he said. Carl Harris says. statement.

Canadian wood already has 14.5 % tariffs.

Willy Nunn, President and CEO of Local Homebuilder Homes by Westbay, said that companies that prior to potential tariffs are the most interested in panic.

“It could lead to a shortage of specific materials,” he said. Increasing demand can increase the price soaring without a fee.

Is there a rebound?

Other countries may impose retaliation tariffs on the United States. These can often be used to target specific industries. For example, when President Trump took the last appointment, the European Union imposed a 25 % tariff on American whiskey.

“Imagine a retaliation fee for something like citrus fruits,” Kuhn said. “It could have an imbalanced impact on Florida.”

Retaly tariffs can affect another major export industry, aircraft and aerospace products in Florida.

According to Fort Loader Dale Alliance, the state exported $ 10.6 billion in 2023 in 2023. In the statement, the Aerospace Industrial Association has expressed hope that the Trump administration will help protect industries.

Most Florida industry leaders are waiting to see what will come in 30 days. It may take several months to feel the financial impact of tariffs.