Trump signed a presidential order on Saturday, charging three largest trading partners in Japan.
The Trade War was also Trump's first term in the White House. However, his latest tariffs in Canada, Mexico, and China, which are effective at 12:01 am in the eastern time of Tuesday, can increase the size of confusion. The three countries account for more than one -third of the products brought to the United States and support tens of millions of US employment.
The following is what you need to know about the expected radioactive drops.
How much customs duties have been sweeped?
According to the Presidential Order, all products imported from Canada and Mexico are 25 % tariffs, except for Canada's energy products. Orders were also placed 10 % of Chinese products.
According to S & P Global economists, Mexico's cars and electric departments, like mineral processing in Canada, are most exposed to cleaning fees. In the United States, the biggest risk is agriculture, fisheries, metal, and car production.
What should consumers expect?
Some companies may try to pay for customers by raising prices. Others may choose to eat tariffs. Companies may also try to force foreign suppliers to burden by negotiating the low prices of products.
When Mr. Trump imposed tariffs on China during his first term, economic research found that most of these costs were taken over by US consumers. It means that the price of grocery passage, car dealers, and pumps is high.
About 60 % of the oil imported by the United States comes from Canada. Customs of Canadian energy is lower than other imports, but in the midwest that turns Canada oil into gasoline and diesel, it may encourage the price of pumps to rise.
There are also concerns about inflation pressure. Goldman Sachs analyst states that if Trump's full tariff, raising prices in the United States will speed up economic growth. Most economists hope that fresh trade barriers can lead to temporary and temporary bursts.
How long does it take for the price to rise?
Consumers have been able to see a quick rise in the price of non -durable products, including food. Most of the Avocado in the United States is imported from Mexico, which can be expensive within a few weeks after tariff comes into effect. The price of cucumber and tomatoes may also increase rapidly. It may take longer if the existing stock is expected to increase the price of durable products such as cars, or if the company expects that customs duties are temporary.
“It may take some time, but if these tariffs are there, the rise in these prices will eventually come,” said Felix Tin, an associate professor of the University of Duke University. Ternot said.
Peter Simon, a professor at the North Eastern University, said on Saturday that it was still unable to see how fast companies would raise their prices and the price could be raised. The rise in some prices may indicate a legitimate response to the rise in corporate costs, but there is also a risk of setting a day. In other words, Simon said that companies could use tariffs as an excuse to raise more than necessary prices. He said the increase in inflation was the “unavoidable result of tariffs.”
How did Trump explain his tariff?
After taking office, Mr. Trump stated that it would impose tariffs on Canada and Mexico because the neighboring nations were “permitted to come and Fentanyl would come. Following a few months of the similar threat during his presidential election, which requires punishment to stop the flow of drugs to the United States.
Mr. Trump issued an administrative order under the law called the International Emergency Economic Power Law, and has expanded the scope of the state emergency that he declared on the first day of his inauguration regarding “the inflow of illegal foreigners and illegal drugs.”
Canada and Mexico have already shown the possibility of retaliation. The Canadian government plans to target Florida orange juice, Tennessee whiskey, Kentucky's peanut butter, but Mexico President Claudia Symbaum is ready for her retaliation fee. It is said that it is done.
“If the United States goes ahead, Canada is ready and ready to respond,” said Canada Prime Minister Justin Trudeau on a social media on Friday.
However, Mr. Trump's administrative order aims to limit the affected government counterattack. In accordance with the clause of the order, the United States may increase tariffs in retaliation by imposing unique import duties or taking other measures.
Are US companies preparing?
Prior to Mr. Trump's announcement on Saturday, US companies did not seem to be in a hurry to bring cargo from Mexico and Canada, but there were signs of an increase. The effort to bring products before the tariffs may have contributed to the increase in transportation that transports North America for each railway in the first four weeks of the year, compared to the same period in 2024.
The data released a few weeks before Mr. Trump's presidential order on Saturday indicated that the amount of freight on roads and railways was slightly higher. Transportation experts have railways and truck transport companies, unlike 2021 and 2022, the imported floods overwhelm the supply chain, the shipping costs rapidly, and promotes rapid acceleration of inflation. He stated that it would be useful.