Donald Trump said this week that steep tariffs on America's neighbors may arrive this weekend.
The business between the North American nations now exceeds China, totaling $1.8 trillion in 2023. That is far greater than the $643 billion in commerce that the U.S. did with China in that same year.Avocados from Mexico at a grocery store in San Francisco, California, US, on Thursday, Jan. 30, 2025. Prices for avocados, the main ingredient in guacamole, have been on the rise and more pressure is coming on Feb.
If he did tax Canadian oil imports, Lincicome said, “how the heck does that shake out? My guess is that it shakes out just through higher gas prices, particularly in the Midwest.’’ TD Economics figures that Trump’s tariffs could push up U.S. gasoline prices by 30 cents to 70 cents a gallon.Tariffs would raise the price for those raising a glass of tequila or Canadian whisky.
Chris Swonger, the council’s president and CEO, said he appreciates the goal of protecting U.S. jobs. But tequila and Canadian whisky – like Kentucky bourbon ― are designated as distinctive products that can only be made in their country of origin.“At the end of the day, tariffs on spirits products from our neighbors to the north and south are going to hurt U.S. consumers and lead to job losses across the U.S.
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