Trump vows U.S. tariffs on Canada and Mexico

President-elect Donald Trump has threatened to impose 25% tariffs on imports from Canada and Mexico, and an extra 10% on Chinese goods, unless they stop the flow of illegal immigrants and drugs into the U.S.


U.S. TRADE IN GOODS 		Year to Sep 2024 ($ millions)

Imports from: 	China		Mexico		Canada
		433,299.4	98,240.7	415,251.6

500000
250000
0
250000

Exports to:	China		Mexico		Canada
		146,485.6	332,855.1	349,700.9

Tariffs could violate terms of USMCA trade deal Trump signed in 2020, and lead to collapse in U.S.-China trade


PROPORTION OF EXPORTS TO U.S.

From Mexico
Rest of world
U.S. 83%

From Canada
Rest of world
U.S. 75%

Businesses fear effect on prices and jobs


Breakdown of exports from Canada to U.S. 
Canada supplies over 20% of all crude oil that U.S. refineries process – 70% to Midwest where prices would soar

Energy products27.9%
Motor vehicles, parts 14.3%
Consumer goods 11.6%
Metal, mineral products 9.8%
Forestry 6.6%
Industrial machinery 6.3%
Chemicals, rubber, plastics 6.2%
Other 17.3%


Source: U.S. Census Bureau, Statistics Canada 
Picture: Getty Images 
© GRAPHIC NEWS