Potential Impact of Trump’s 25% Tariffs on Canada & Mexico

If Trump's threatened 25% tariffs on Canada & Mexico went into effect, the largest flows affected would be transportation equipment & machinery, as well as electronics, some manufacturing, & fuel. Current tariffs on goods imported from the USMCA partners are generally below 1%. pic.twitter.com/XxebADcKRS

— Peterson Institute (@PIIE) January 27, 2025