Six things that could get more expensive for Americans under Trump tariffs | Global News Avenue

US President Donald Trump announced that he would impose tariffs on imports from neighbors Canada and Mexico from the country, causing a trade war.

Canada said it will retaliate with real objects. Mexico also promised to fight back, although the US tariffs on the country have been suspended for a month.

These three countries have in -depth economic and supply chain stores, and it is estimated that it has crossed the border for $ 20 billion (£ 1.6 billion) manufacturing products every day.

Trump said he wanted to protect the American industry, but many economists warned that taxation would still take effect on Tuesday, which may lead to rising prices of American consumers.

This is because charges are paid by domestic companies imported goods. They may choose to pass the fee directly to customers or reduce imports, which means that there are fewer available products.

So, if Trump’s tariff threat continues, what will become more expensive?

According to TD economics, the price of cars may rise about $ 3,000.

It was because before the vehicle was assembled, the parts crossed the United States, and Canada and Mexico had bordered many times.

Because higher taxes are used for imported parts to manufacture cars, the cost may be passed to customers.

TD Economics economist Andrew Foran said: “It is enough to say that it will destroy these trends through tariffs … it will bring a huge price.”

He supplemented the “uninterrupted free trade” in the automobile manufacturing department’s “existence for decades”, which led to the reduction of consumers’ prices.

If the US company imported from the United States through increasing import tax, then Mexican beer Modelo and Corona may become more expensive.

However, enterprises may also cost less import costs instead of increasing costs.

Modelo became 2023 The largest beer brand in the United States in 2023 At present, it is still the first place.

This is more complicated when it comes to spirit. Since the 1990s, the industry has no tariffs to a large extent. Industry institutions from the United States, Canada and Mexico issued a joint statement before the announcement of the tariffs, saying they were “very concerned.”

They said that some brands (such as Bourbon, whiskey, Tennessee whiskey, agave and Canadian whiskey) “are considered unique products and can only be produced in their designated countries.”

Therefore, given that the production of these beverages cannot be simply moved, the supply may be affected, resulting in rising prices. Trade agencies also emphasized that many companies have different spiritual brands in these three countries.

The import of wood in Canada will be hit by the US import tariffs. Trump said that the United States “more wood is more than us in the past.”

However, the National Housing and Architectural Merchants Association urged the president to be “because of the harm of the burden on housing” and exempt building materials from the proposed tariffs.

The industry group is “seriously worried”, that is, the tariffs of wood may increase the cost of building houses-these houses are mainly made of wood-also delayed developers who develop new houses to build new houses.

NAHB said: “Consumers eventually pay tariffs in the form of higher house prices.”

THOMAS Sampson, an associate professor of economics at the School of Economics of London, said that it is related to the Canadian trade war, the “most obvious” family influence is the price of Canadian maple syrup.

The billion -dollar maple syrup industry in Canada accounts for 75 % of the global maple syrup production.

Most sweets (about 90 %) were produced in Quebec, and Quebec provided the world’s only maple syrup strategic reserve 24 years ago.

“Maple syrup will become more expensive. This is the direct price that the family will face.”

He added: “If I buy goods produced in the United States, but using Canada’s commodities, the prices of these products will also rise.”

Canada is the largest foreign crude oil supplier in the United States. According to the recent official trade data, 61 % of oil imported from January to November last year came from Canada.

Although 25 % of Canadian goods were photographed to Canadian goods in the United States, the tariff rate faced by its energy was low.

Nowadays, there is no oil in the United States, but the design type of its refinery is to deal with it, which means that it depends on the so-called “heavy” -the thick-thick-thicker-crude oil from Canada and some crude oil from Mexico.

According to US fuel and petrochemical manufacturers, “Many refineries need heavier crude oil to maximize the flexibility of gasoline, diesel and jet fuel.”

This means that if Canada decides to retaliate against US tariffs to reduce crude oil exports, this may lead to rising prices of gasoline pumps.

A food that American consumers may see are avocado. Mexican Holocarian Holocarian, which is almost composed of Hacken, grows mainly in Mexico in Mexico 90 % of the US avocado market every year.

However, with the introduction of new tariffs, the US Department of Agriculture warns that the cost of avocado-and dishes popular like avocado sauce, especially the super bowls on February 9.

Canada’s retaliatory tariffs on the United States-the initial 300 million Canadian dollar will begin on Tuesday-this means that consumers north of the border may also rise.

Ottawa released a list of all imported goods in the United States, which will immediately aim at 25 % tariffs. They include the staple food of grocery stores, such as oranges-because of the cool climate, Canada cannot grow agricultural products.

Alcohol from the United States will also be difficult to find Canadians. Ontario, British Columbia, Manitibaba, New Benzerk, and New Stocksiam have stated that they will pull all American hotels from the shelves from Tuesday.

Any American alcohol (including beer and wine) that Canadians can find may increase prices because it has obtained retaliatory tariffs on the menu.

If you shop online, Canadian shoppers may feel the weaker Canadian dollar.

Other reports from Lucy ACHESON and Nadine Yousifs