Hold onto your avocados and car parts—the US just announced a 25% tariff on $918.5 billion of imports from Canada and Mexico, set to kick in by March 2025. This move could send shockwaves through the North American supply chain, impacting everything from gas prices to your local grocery store.
Here’s the breakdown:
Canada & Mexico: The US buys 75% of Canada’s exports and 80% of Mexico’s. Tariffs could cripple their economies—and they’re ready to retaliate.
US Inflation: Expect price hikes for energy and consumer goods. Canada supplies 60% of US oil/gas imports, and tariffs could mean pricier fill-ups.
Trade War Alert: The USMCA free-trade deal once kept tariffs at zero. Now, the sudden shift risks unraveling regional cooperation.
Experts warn this could be the biggest disruption to global trade in history, affecting 27.9% of all US imports. Will it backfire on the US economy? Let’s just say even Succession’s Logan Roy would think twice about this deal.
What’s next? Keep an eye on how Canada and Mexico respond—because when trade wars heat up, everyone loses.
Canada & Mexico: The US buys 75% of Canada’s exports and 80% of Mexico’s. Tariffs could cripple their economies—and they’re ready to retaliate.
US Inflation: Expect price hikes for energy and consumer goods. Canada supplies 60% of US oil/gas imports, and tariffs could mean pricier fill-ups.
Trade War Alert: The USMCA free-trade deal once kept tariffs at zero. Now, the sudden shift risks unraveling regional cooperation.
US Tariffs on Canada & Mexico Could Backfire,…
