Food and Wine Food and Wine

Donald Trump's 25% tariffs on Canada and Mexico: Here are the products that will cost you more


Published on 2024-12-08 04:20:53 - MSN
  Print publication without navigation

  • Donald Trump is currently the President-elect of the US and will be assuming the role of President in January next year. Meanwhile, the first thing on his table that will reportedly be signed, would be the imposing of tariffs on Canada and Mexico,

The article from MSN discusses the potential impact of former U.S. President Donald Trump's proposed 25% tariffs on imports from Canada and Mexico if he were to return to office. These tariffs would affect a wide range of products, significantly increasing costs for American consumers. Key products that would see price hikes include automobiles, as both Canada and Mexico are major suppliers of vehicles and auto parts to the U.S. Other items include dairy products, where Canada's supply management system could lead to higher prices for milk, cheese, and butter; agricultural goods like fruits, vegetables, and grains; and various manufactured goods such as machinery, electronics, and furniture. The article also mentions that these tariffs could lead to retaliatory measures from Canada and Mexico, potentially escalating into a broader trade war, which could further disrupt trade relations and increase costs across multiple sectors.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/politics/government/donald-trump-s-25-tariffs-on-canada-and-mexico-here-are-the-products-that-will-cost-you-more/ar-AA1vrYgl ]