President of mexico on trump

President Donald Trump's proposed tariffs on Mexico and Canada threaten to raise the costs of several goods for Americans.

Consumers, more cost-conscious after several years of inflation, may soon encounter more expensive food and drink in their local grocery stores, with levies also expected to impact cars and gas.

Newsweek reached out to the White House via email for comment.

Why It Matters

Canada and Mexico are two of the United States' three largest trading partners, with China narrowly ahead of the former and behind the latter in terms of imports.

According to the Census Bureau's most recent data, the U.S.

imported $377.2 billion of goods from Canada in the first 11 months of 2024 while exporting $322.2 billion. These figures totaled $466.6 billion for Mexico and $309.4 billion, respectively.

Experts appear in agreement that Trump's proposed 25 percent tariffs on goods from both countries—which the president on Monday said are likely to come into effect on Febru