Mexican imports are found everywhere in the US economy

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In the first three months of the year, Mexico and Canada and China became the United States' largest trading partner in terms of the value of goods traded between the two countries, with imports and imports About 50 billion dollars a month. exports so far this year.

The tariffs that President Donald Trump has threatened against Mexico would be vast and would cover essentially everything north of the border. They are not targeted, as fares are generally collected. The impact on business, consumers and the economy could be generalized in the same way.

"It's going to be felt across all sectors and consumers, not just in business, not just in the auto industry, it's going to be felt more broadly and more deeply than the previous rates," said Bradley. Head of Politics at the American Chamber of Commerce.

Economists, stunned by the Trump government's recent action against Mexico, were not willing to predict the magnitude of the price hike for Americans because they never thought it would be too late. such action would take place. Blind companies have not had time to figure out how to replace existing supply chains with other sources, which has created additional stress for US companies.

But some industries may be particularly affected by tariffs on Mexican products.

Autos

The United States imported $ 59 billion worth of auto parts from Mexico last year and $ 52 billion worth of finished cars. Deutsche Bank estimates that if tariffs reach 25%, the price of US cars will be increased by $ 1,300 on average.

According to this estimate, the demand for US-made cars could drop by 18% if tariffs are adopted. That would be the biggest drop in car sales since the auto industry was in ruins a decade ago during the Great Recession.

Electronic

A fifth of computer and electronic equipment imports comes from Mexico, according to Goldman Sachs. That's about $ 44 billion a year in electronics. Mexican TVs, monitors and equipment accounted for more than $ 9 billion, more than 35% of these imports.

The United States is also willing to increase tariffs on imports from China, which is another huge source of electronics. Companies in this sector will probably not be able to avoid rising costs.

Oil

The US oil industry is booming, but Mexico has become a more important source of oil for the United States, due to reduced production from Saudi Arabia and other OPEC countries, than the almost total cessation of oil from Venezuela.
Mexico has sent about $ 1 billion worth of oil a month north of the border since the beginning of the year. This accounted for about 10% of all US oil imports so far this year – almost as much as Saudi Arabia's exports to the United States. Gas prices have been stubbornly high this year due to cuts made by OPEC and Venezuela, and tariffs on such a large oil source could still spur prices.

Wires, cables and conductors

The United States imports $ 12 billion worth of Mexican wires, cables, and drivers – about 50 percent of US imports are on the market. Although many consumers do not think about this type of product, US manufacturers use components to make all types of products.

The low cost supply from Mexico makes US products that they compete.

Foodstuffs

Eating healthy will cost more and more with a 25% tariff on $ 15 billion worth of vegetables imported from Mexico. About 35% of all vegetable imports into the United States come from Mexico.

If Goldman Sachs figures are added, Mexican imports of Mexican beverages, meat and cereals and feeds rise to $ 24 billion, or about 26% of total imports. imported food products to the United States.

A 25% fee on lawyers would increase costs in the US by $ 575 million a year, said Johan Gott, principal of the AT Kearney consulting firm. Tomatoes would cost $ 300 million more. Cucumber prices would rise by $ 116 million and asparagus would cost Americans $ 107 million each year.

If the tariff stays at 25%, the beer sector will cost $ 984 million a year, according to the Beer Institute, a professional association of the brewery sector.

Air conditioners, refrigerators, ovens and ovens

Mexico exported $ 8.4 billion worth of devices to the United States last year, accounting for 44% of US imports in the sector, according to Goldman Sachs.

Dishwashers, washing machines and other home appliances added an additional $ 1.1 billion to imports from Mexico.

A potentially larger threat

Rates will not apply to products that US farmers and manufacturers send to Mexico. But Mexico could quickly impose its own tariffs on US products.

"What we saw last year, when a country has increased tariffs, retaliation is not left out," said John Murphy, vice president of international affairs at the US Chamber of Commerce, said 39, one of the groups opposed to tariffs.

"Tariffs are a fundamental part of the economy," he said. "They reduce our competitiveness."

– Nathaniel Meyersohn from CNN Business contributed to this report

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