This goes without saying, every country will levy retaliatory tariffs. It's one of the reasons random tariffs are such a stupid idea to begin with.
this post was submitted on 26 Nov 2024
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He's not even in office and the trade wars are already starting. As if I wasn't already living paycheck to paycheck
Trump would probably be just as happy to stop exporting goods to Mexico altogether. Even if Mexico finishes his wall for him.
I forgot what it is that we actually export. Tires? Oranges/Almonds? Military hardware?
Superhero movies and soy beans.
A shit ton of electronics, oil, industrial equipment, plastics, and a surprising large amount of agriculture like pork, corn, dairy.
We actually trade a crap ton with Mexico.
I would not have guessed electronics. Usually I think of China, Japan, and South Korea as major suppliers.
If I remember right, it's a supply chain thing where a ton of stuff gets made in China but is still a US product and sometimes finished here. Think iPhones, for example. Apple is still a US company, it's not like China can just sell Mexico iPhones direct.
Ps this is also why tariffs are extremely stupid.
Wow, who'da thought??