Tariff issues: US President Donald Trump has announced a counter -tariff on mutual tariffs, ie countries, will it increase the problems of Americans? Trump has imposed tax from 10% to 50% on various countries. There is talk of imposing 26 percent tariff on India. Canada and Mexico are currently free from these heavy charges. However, they are already paying taxes on their favorite products with countries like China.
What is going to be expensive in America?
building
Softwood wood has an important role in homes built in the US, which is imported from Canada, but Trump has made it clear that he has more wood than Canada. The National Association of Home Builders (NAHB) is worried about this fee, as it can increase the cost of building a house.
Beer, Wine, Whiskey and Tequila
Corona and Modelo are some beer that can cost a lot. They are imported from Mexico. Tariffs on aluminum may increase the prices of canned beverages. The Beer Institute says that about 64.1% of beverages in the country are canned.
While the debate between representatives of the Spiti industry is that some Spirits such as Tenasi Whiskey, Tequila and Canadian whiskey, borbon should be produced in the respective country. This may cause disruption of supply and result in the result cost and pricing. Along with this, 200% tariff will be imposed on liquor coming from Europe. Lovers of French Champagne, German beer and Spanish wine may be in trouble. However, more clarity is required on this.
car
In 2024, the United States will import around eight million cars, which will have a trade price of around $ 240 billion. The cost of buying a new car from tariff can increase by thousands of dollars. Prices of cars made in the US may also increase. Due to the long -term free trade agreement between the United States, Mexico and Canada, many American companies are operating in these countries.
Car spare parts coming from these countries have been relaxed in new tariffs, as a system has been implemented to assess the fees levied by customs and border patrols. Anderson Economic Group says that parts coming from these countries can only increase the price of $ 4,000–10,000 in the price based on the type of vehicle.
fuel
According to official data, Canada is America’s largest foreign crude oil supplier. Between January and November 2024, 61% of imported oil in the country came from Canada. Meanwhile, the Trump administration has imposed 25% tariff on most of the goods imported from Canada, while the country’s energy resources have a low rate of 10%.
Maple syrup
When it comes to maple syrup, Canada rules the global market, and Canada accounts for 75% of the global production. About 90% of pancakes are produced in Quebec province. Thomas Sampson of the London School of Economics said, “Maple syrup is going to be more expensive and this is the actual cost growth that families will have to face.” “If I buy domesticly produced goods in the US, but use input from Canada, the price of those goods will also increase.”
Evacado
Guakamol and avocado toast may be expensive deal. The United States imports about 90% of avocados from its neighboring country Mexico. This fruit grows abundant in Mexico because the climate and weather conditions there are quite suitable for it.
The post Trump has increased the problems of America by putting tariffs! House, car, fuel etc. things will become expensive first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
