President Donald Trump said this week that tariffs on U.S. neighbors Canada and Mexico will arrive Saturday. The two nations are not only close geographically, but economically as well.
The business between the North American nations now exceeds China, totaling $1.8 trillion in 2023. That is far greater than the $643 billion in commerce that the U.S. did with China in that same year.
Following are just a few imported goods that could be hit first.
For decades, auto companies have built supply chains that cross the borders of the United States, Mexico and Canada.
More than one in five of the cars and light trucks sold in the United States were built in Canada or Mexico, according to S&P Global Mobility.
In 2023, the United States imported $69 billion worth of cars and light trucks from Mexico – more than any other country — and $37 billion from Canada. Another $78 billion in auto parts came from Mexico and $20 billion from Canada. The engines in Ford F-series pickups and the iconic Mustang sports coupe, for instance, come from Canada. More here