What Imports Will Have Tariffs Starting February 4

On Tuesday, February 4, the following imports will have tariffs imposed on them:

Imports from Canada: A 25% tariff will be imposed on all products, except for Canadian energy exports, which will have a 10% tariff. This includes natural gas, hydroelectric power, and uranium.

Imports from Mexico: A 25% tariff will be imposed on all products.

Imports from China: A 10% tariff will be imposed on all products.

These tariffs are part of the Trump administration's protectionist trade initiatives and are set to take effect on February 4, 2025.

Canada was notified in advance on the new tariffs signed today, but Mexico was not. Canada is expected to retaliate with tariffs on U.S. goods.

Canada's biggest exports to the US are led by Mineral Fuels, accounting for 25.2% of total exports, valued at $143.4 billion in 2023. This category includes:

Crude Oil: $99.6 billion
Petroleum Gases: $13.7 billion
Refined Petroleum Oils: $14.5 billion

Other significant export categories from Canada to the US include:
Vehicles: $63.7 billion
Machinery, including Computers
Gems and Precious Metals: $28.4 billion
Wood: $13.4 billion

Mexico's exports to the US are led by Vehicles, accounting for 26.4% of total exports, valued at $156.5 billion in 2023. This category includes:

Cars: $57.3 billion
Trucks: $37.7 billion
Automobile parts/accessories: $40.5 billion

Other significant export categories from Mexico to the US include:

Electrical machinery, equipment: $103.4 billion, accounting for 17.4% of total exports
Machinery including computers: $93.5 billion, accounting for 15.8% of total exports
Mineral fuels including oil: $32.6 billion, accounting for 5.5% of total exports
Optical, technical, medical apparatus: $27.3 billion, accounting for 4.6% of total exports

Statistics from meta.ai