The White House Could Impose Tariffs Tomorrow, Everything You Need To Know

Donald Trump has made clear that significant tariffs *could* be coming tomorrow for three countries: Mexico, Canada, and China. Mexico and Canada will all have 25% tariffs imposed on goods they export, while China will see an additional 10% tariff imposed on its goods.

Remember, back in January, Trump first tried to impose the tariffs and later kicked the can down the road for 30 days. Well, here we are, 30 days later. Trump has made clear tariffs are coming, but his Commerce Secretary has not provided any details just yet. We should know soon.

In any event, if tariffs are imposed, costs are going to rise on a number of goods everyday Americans rely on. While the tariffs will not be official until Donald Trump puts pen to paper, they are likely coming, and assuming the White House does not issue any exemptions, here are all the goods that will be impacted.

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With that, let’s breakdown the goods that will be impacted:

Canada

• Dairy: Tariffs on Canada will impact its dairy industry and will affect the prices of items like milk, cheese, and butter in the U.S.

• Lumber/Building Materials: Canada is one of the largest suppliers of softwood lumber to the United States, and tariffs on Canada will raise the cost of construction and housing. This means it will cost more to do renovations.

• Cars and Car Parts: The U.S. and Canada have extensive trade in automotive goods, and tariffs can impact both finished vehicles and parts.

• Energy/Gas: Canada provides a large amount of oil and natural gas. Tariffs on energy-related products could affect gas prices.

• Fish and Seafood: Tariffs could affect imports of fish and seafood products from Canada, which means that you will pay more at the grocery store.

Mexico

• Produce: Mexico is one of the largest exporters of produce to the United States. That means the cost of fruits, vegetables, and other agricultural products to the U.S. Specifically, get ready to pay more for avocados and tomatoes.

• Cars and Car Parts: Like Canada, Mexico supplies a large amount of vehicles and auto parts to the U.S.

• Beer and Tequila: Mexico imports a lot of beer and tequila. A tariff is akin to a Trump tequila tax.

• Electronics: Mexico manufactures electronics, including televisions and other consumer electronics.

China

• Electronics: A large number of electronics, including smartphones, laptops, and televisions will see their prices raised.

• Furniture: China currently exports a significant amount furniture and furniture parts to the United States.

• Clothing and Textiles: A large portion of the apparel and textile products in the U.S. are imported from China.

• Toys: Tariffs will lead to higher prices for toys in America.

If you have any questions, let me know. I will be back in a few hours with my evening news update, so stay tuned. If you want to support my work, the easiest way to do it is by clicking the button below and becoming a paid subscriber:

Aaron