Mon, 20 Jan 2025

Here are the products and companies most at risk from Trump's tariff plans

President-elect Donald Trump's proposed tariffs on China, Mexico and Canada threaten to raise prices for toys, cars, shoes, French fries, furniture and beer.
Some key points mentioned in the article include: 1. Automakers: The article states that 70% of all auto parts made in Michigan go directly to Canada and Mexico. If tariffs are imposed, it could lead to higher vehicle prices and potentially harm the US auto sector. 2. Avocados: Roughly 90% of avocados eaten in the US come from Mexico. If tariffs are imposed, avocado prices could increase, which might not significantly impact demand. 3. French Fries: Canada exports $1.7 billion in frozen French fries to the US annually. If tariffs are imposed, McCain Foods, a Canadian company, might shift production to the US or suppliers like Lamb Weston could gain market share. 4. Apparel: Canada Goose's high-end outerwear is made primarily in Canada. Tariffs on Canadian goods could lead to price increases for the retailer's merchandise. Some of the potential consequences of implementing tariffs on Mexican and Canadian goods include:
* Higher vehicle prices
* Increased costs for consumers due to higher prices of imported goods
* Potential job losses in industries affected by tariffs
* Shifts in production to the US or other countries Overall, the article highlights the complex web of global trade relationships and the potential consequences of implementing tariffs on Mexican and Canadian goods.
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