Tariff war impact: US President Donald Trump on Sunday announced a 25 per cent tariff on Canada and Mexico and 10 per cent tariff on China. After this, after talking to the top leaders of Canada and Mexico, Trump has currently held 25 per cent tariff decisions from these countries for 30 days of decisions but the decision on China is still intact. Now China has retaliated and imposed a tariff of 10-15 percent on American things. At the same time, China has increased control of exports and has started investigation on Google’s dominance.
Now the question arises that if the tariff is implemented, then how much inflation will bother. Let us tell you that Donald Trump himself has admitted that high tariffs may get a shock of inflation to American people, but they say that it is also necessary to do so for the safety of American interests. These three countries have more than one -third stake in American imports from where more than $ 1 million crore comes to the US annually. What will be expensive in America in trade war from Canada, Mexico and China, it is being told here. Talking about China, from February 10, it has announced 15 per cent on the import of coal and liquid natural gas (LNG) from the US, and 10 per cent tariff on agriculture related things, crude oil and some automobiles, then it will become expensive in China. .
The US imported the fruits of $ 473 million tropical fruits i.e. warm countries and only one of it was ordered from Mexico.
The US ordered 70 percent of the $ 425 million vegetables from Mexico and 19 percent from Canada.
Party decorations
According to the data on The Observatory of Economic Complexity, the US imports $ 489 million party decoras, out of which 90 percent of which comes from only one country, China.
Bathroom ceramics
Chinese and 42 per cent stake in imports of $ 134 million bathroom ceramics and 42 per cent of Mexico, ie, the countries that are concerned with tariffs, 86 per cent are imported.
Aluminum utensils
China holds 71 per cent of the import of $ 140 million aluminum housewear in the US.
Iron utensils
China was 78 percent stake in import of 324 crore iron utensils.
plastic ware
The US ordered 77 percent of the $ 719 million plastic utensils from the same country from China.
Computers and telephones
The US ordered 27 per cent out of $ 10320 million computers from Mexico and 38 per cent from China while 47 per cent out of the imports of $ 11710 million from China.
Scrap aluminum
The US ordered a scrap aluminum of $ 117 million, out of which 30 percent came from Mexico and 61 percent from Canada.
The United States ordered 77 per cent toy from China out of $ 1590 million.
AC, fridge, electric heaters
The US from Mexico and 19 percent from China out of $ 1390 million AC; Out of the $ 1320 million refrigerators, 48 per cent of Mexico and 17 per cent from China, 17 per cent of the $ 1100 million electric heaters were ordered from Mexico and 55 per cent from China.
The US purchased the $ 135 million pork (pig meat) from abroad, out of which 66 percent of Canada and 10 per cent Mexico i.e. 76 per cent came from only two countries that were concerned.
The US imported tomatoes worth $ 316 million, with 86 per cent from Mexico and 14 per cent from Canada.
Glasses and clothes
China holds 38 per cent stake in the US 38 per cent stake in the $ 264 million iear imports, 35 per cent of women’s $ 35 per cent stake in undergarments and 39 per cent in $ 216 million felt or coated garments. Apart from this, China also had a 22 percent stake in the import of 501 crore suits of women. China holds a 56 per cent stake in the import of socks of $ 273 million and hosiery. 14 per cent of the $ 222 million haats were Mexico and 34 per cent of China.
Sanitary towels (pads)
The US ordered $ 166 million sanitary towels (pads) from abroad, out of which 21 per cent came from Mexico, 49 per cent Canada and 15 per cent from China.
Toilet paper
The US ordered a $ 170 million toilet paper from abroad, out of which 44 per cent stake came from Canada and 36 per cent came from China.
China holds 81 per cent stake in US $ 154 blanket imports.
Cleaning goods
In the US, 34 per cent of the $ 188 million imports related to cleanliness were Mexico and 21 per cent of Canada.
The US ordered a broom of $ 178 million from abroad, with 65 percent from China.
Crude oil
The US imports $ 10320 million crude oil, of which 56 per cent stake in Canada and 12 per cent stake in Mexico. Since Canada has more than half the share in crude oil imports, inflation is sure to increase due to tariffs.
Electric battes
The US purchases $ 2930 million electric batteries from other countries and 53 percent of it has come from China. Thus, by applying tariffs on more than half of imports, electric batters will become expensive.
Electric motor parts
Mexico had 20 per cent stake in EV parts’ imports of $ 314 million and China was 13 per cent.
Electric filament
China was 69 per cent of the imports of $ 265 million electric filament in the US.
(These imports of imports are from the year 2023.)
Us vs China Trade War: Paltalwar of China, tariff up to 15% on American things, Google also targeted