SAN ANTONIO – President Donald Trump has taken executive action to impose or threaten tariffs on Canada, China and Mexico.
Trump and Mexican President Claudia Sheinbaum put their planned tariffs on hold, but Trump’s tariffs against Canada and China are still slated to go into effect Tuesday.
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Mexico is facing a 25% tariff, while Canada would be charged 25% on its imports to the United States and 10% on its energy products. China faces a 10% additional tariff due to its role in the making and selling of fentanyl, the White House said.
Here is a list of products that may be affected, according to Trading Economics:
- Oil and fuel products
- Wood
- Paper and printed books
- Essential oils and cosmetics
- Metals, such as iron, copper and steel
- Plastics
- Animal products, such as oil and meat
- Various preparations, like vegetables, nuts and cocoa
- Minerals such as salt and zinc
- Beverages, spirits and vinegar
- Stone, plaster, cement and other materials
- Edible products like fruits, dairy products, coffee and grain
- Coffee
- Glass
- Ships
- Explosives and pyrotechnics
- Textiles and apparel such as leather, silk and cotton
- Works of art
- Tobacco
- Cork products
- Umbrellas
- Toys
- Photographic or cinematographic goods
- Footwear
- Pharmaceutical products
- Base metal tools
- Furniture
- Paper and paperboard
- Ceramic products
- Headgear
- Artificial flowers
- Fish, crustaceans, molluscs and aquatics invertebrates
- Essential oils
- Soaps and waxes
- Aircraft and spacecraft products
- Felt, yarns and more material
- Clocks and watch
- Gums and resins
- Tanning and pigments
- Musical instruments
- Live animals
- Fertilizers
- Milling products
- Knitted or crocheted fabric
Mexico
Trump has paused tariffs on Mexico for a month to allow for negotiations. However, if the tariffs move forward, here is what may be affected, according to Trading Economics:
- Vehicles
- Oil and fuels
- Electronic equipment
- Fruit and oil seed products, including guacamole
- Meat products
- Cereals
- Optical, photo and medical apparatuses
- Metal products
- Paper
- Rubbers
- Metals and minerals
- Plastics
KSAT reached out to GasBuddy to ask how these tariffs might affect gas prices.
GasBuddy confirmed that while the nationwide average gas price dropped to $3.04 per gallon this week, that may change with the tariffs.
Patrick De Haan, head of petroleum analysis at GasBuddy, said he expects a slow but steady increase in gas prices. However, the most affected regions will be the Midwest, Great Lakes, Northeast U.S. and the Rockies, which rely the most on Canadian oil.
“Trump’s new trade war has already triggered retaliatory tariffs on U.S. goods, escalating tensions. While, on paper, tariffs on Canadian energy could have a significant impact on fuel prices, a prolonged trade war could weaken global economies, reducing demand and partially offsetting the effects of tariffs,” he said.
