In 2023, the U.S. imported $4.6 billion worth of tequila and $108 million worth of mezcal from Mexico, according to the Distilled Spirits Council of the United States, a trade group. The U.S. imported $537 million worth of Canadian spirits, including $202.5 million worth of whisky.
Mexican President Claudia Sheinbaum said Friday that her country would wait with a "cool head", but had plans prepared if the U.S. went ahead and introduced trade tariffs.
President Trump will enact 25% tariffs on Mexico and Canada starting Saturday, as well as a 10% tariff on China.
President Trump on Thursday reiterated his plans to put a 25% tariff on imports from Mexico and Canada, where automakers build many of their products for sale in the US. Ford CEO Jim Farley believes Trump’s tariff gambit will be a policy issue that extends beyond February, however, but said that Ford has had a gameplan in place.
Will prices on food, pharmaceuticals and electronics go up in Florida after President Trump's 25% tariffs on goods from Mexico and Canada begin?
As President Donald Trump rolls out his “America First” policies, few countries have more to lose than Mexico.
The U.S. will impose 25% tariffs on Canada and Mexico, along with 10% on China, White House spokeswoman Karoline Leavitt said on Friday, but she declined to say whether there will be exemptions.
President Donald Trump will move forward with new tariffs on Canada, Mexico and China on Saturday, the White House said, affirming he would stick to his February 1 deadline for the new duties that could have widespread effects on the economy.
The 25% tax that Trump plans to slap on Canadian and Mexican imports as soon as Saturday could drive up the price of guacamole and trucks, among many other things.
President Donald Trump is imposing a 25% tariff on Canada and Mexico and a 10% tariff on China starting on Saturday, the White House said. Tariffs will likely result in higher prices for U.S. consumers,
Trump had been threatening the tariffs to ensure greater cooperation from the countries on stopping illegal immigration.