These are the main products that will rise in price with Trump’s tariffs

Strawberries, avocados, tequila, cars or even fuel and televisions: American families will suffer from the new tariffs applied by Donald Trump’s government to Mexico, Canada and China.

The consumer will most likely verify an increase in some prices in the next few days”, Explained Brian Cornell, head of the Target supermarket chain, in CNBC.

The fresh products that come from Mexicoon which the United States depends particularly in winter, they have “A very short supply chain”And therefore the tariffs will have a very fast effect, he said, referring to distance with Mexico and the perishability of the products.

According to the Department of Agriculture, 72.5% of agricultural imports from Mexico in 2023 were fruits and legumes such as strawberries, raspberries, avocados (avocados), tomatoes or morrons, and alcoholic beverages such as beer or tequila, and fruit juices.

The Yale University Budget Laboratory considered that the customs rights of 25% on Mexican and Canadian imports (10% in the case of Canada’s hydrocarbons), and 20% of additional tariffs on Chinese products, will lead to a price increase of 1 to 1.2%, an annual cost of 1,600 to 2,000 dollars on average per family.

Truck trucks enter the United States from Mexico through the Nogales-Mariposa entrance port on the border between the United States and Mexico in Nogales, Arizona, United States, on Tuesday, March 4, 2025. Photographer: Rebecca Noble/Bloomberg
Truck trucks enter the United States from Mexico through the Nogales-Mariposa entrance port on the border between the United States and Mexico in Nogales, Arizona, United States, on Tuesday, March 4, 2025. Photographer: Rebecca Noble/Bloomberg

Although they could generate an additional US $ 1.5 billion in fiscal collection in 2025, these “regressive taxes”They affect the most modest people.

These measures that will increase prices when inflation approached the 2% target of the Federal Reserve, the US Central Bank.

Experts, as well as indicators and industrialists continue to account for the persistent prudence of consumers in the face of macroeconomic and geopolitical uncertainty.

More expensive vehicles

If tariffs on cars They are definitively installed, the vehicle costs could vary between $ 4,000 and $ 10,000 in the cases of those built in North America, according to Anderson Economic Group. This figure does not take into account possible taxes to steel and the aluminum.

Bank of America analysts lowered their car production forecasts to about 16.1 million units instead of 16.7 million, considering that these tariffs are a “Important risk“With the potential to create a”shock“In the supply chain”similar to covid

President Trump talked a lot about making the US automotive industry stronger, of producing more here, of innovating more”, Recently said Jim Farley, president of Ford. But “Until now, all or what we find are many costs and a lot of chaos”He lamented.

For Jessica Caldwell, from the specialized firm Edmunds, “If tariffs are maintained, the automotive industry will not be able to adjust overnight. There is no doubt that the greatest costs will be transferred to consumers

In January and February, 48.6% of the new vehicles sold in the concessionaires came from the United States, 17.4% of Mexico, 7.4% of Canada and 26.5% of other origins, Edmunds stands out.

John Bozzella, president of the Alliance for Automotive Innovation, recalls that car manufacturers, batteries and other suppliers are currently investing, ”thousands of millions“To modernize”But they can’t relocate on one night

For its part, the American Automotive Policy Council (AAPC), which represents the most traditional builders such as Ford, General Motors and Stellantis, considers that the products that respect the “strict criteria”Of the T-MEC, the North American Free Trade Agreement between the United States, Canada and Mexico, should be exempt from tariffs.

Matt Blunt, its president, considers that these tariffs “They will harm their competitiveness

T-MEC is the North American Free Trade Agreement between the United States, Canada and Mexico.
T-MEC is the North American Free Trade Agreement between the United States, Canada and Mexico.

Fuel, plaster and wood

The prices of the gasoline: Up to 40 cents per gallon (3.78 liters) from here to March, according to the region, anticipates the Gasbuddy specialized site, which provides for an increase in domestic and aviation fuels.

The aeronautical and defense industry, the largest American net export sector, examines “Strategies to mitigate and minimize the impact“Of the tariffs, said Dak Hardwick, a director of the Aerospace Industries Association (AIA).

Same scenario for the construction since the new 25% tariffs on Canadian wood are added to the 14.5% that already existed for some categories.

Carl Harris, president of the National Association of American Builders (NAHB), emphasizes that more than 70% of imports of two essential materials – remote and plaster – come from Canada and Mexico.

For Home Depot, Tariffs “They always have a great impact on the sector“Even if”Great majority”From the products come from countries where it has stores.

For the leaders of the Best Buy electronic chain, a price increase is “Highly probable“But the situation is”Very fluctuating

The US Secretary of Commerce, Howard Lutnick, said Wednesday that some sectors could be subject to new taxes.

Source: Gestion

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