President Donald Trump is keen to impose tariffs on all imports from Canada and Mexico as soon as 1st Feb 2025. Since taking office on 20th Jan 2025, Trump has said in various public meetings that he would be considering a 25% tariff on Canada and Mexico. Products on which tariffs would be imposed include – computer chips, semiconductors and pharmaceuticals. The US administration has also planned to impose 10% tax on all imports from China, but it may not do so to avoid a trade war with Beijing.

The United States has the legal authority to impose tariffs on imports from any country by a variety of executive actions and with very short notice. The country demonstrated over the weekend during a high-profile confrontation with Colombia over deporting migrants from the U.S.

Canada and Mexico appear to be preparing for a protracted trade confrontation with the US if Trump follows through on his threat with retaliatory measures targeting specific US products and companies.

U.S. Imports from Canada, Mexico, China and India

US imports from the world recorded rising trends from the year 2019, however, the figures declined slightly in 2023. The United States imported goods worth USD 3.1 trillion in 2023, down from USD 3.3 trillion. How much US import from Canada, Mexico, China, and India? Learn from the given data visualization.

*****Value USD Billion

US Top Imports from Canada and Mexico

The Donald Trump administration is likely to impose tariffs on all imports from Canada and Mexico. Which are the top US imports from Canada and Mexico? US top imports from Canada are crude petroleum oil, natural gas in gaseous state, gold, and motor cars and other vehicles.

US top imports from Mexico are motor cars and vehicles, processing units for automatic processing machines, crude petroleum oil, and motor vehicles for transport of goods. US import data reveals the following stats based on actual shipment records.

US Top Imports from China and India

Donald Trump denounced India, China, and Brazil as “tremendous tariff-maker(s)” and said his government would not allow the three to continue down this path, declaring, “… we’re not going to let that happen any longer because we’re going to put America first.”

Which are the top US imports from Canada and Mexico? US top imports from China are mobile phones, data processing machines, lithium-ion accumulators, and video games. US top imports from India are diamonds, mobile phones, light oils & preparations, and articles of jewellery and parts. US trade data shows the following values based on actual shipment records.

India may cut tariffs on a few high-end goods – such as a special kind of steel, expensive motorcycles, and electronic items – imported from the United States. Such a move is not likely to have a major impact on the respective domestic industries and this could be confirmed when Union Finance Minister Nirmala Sitharaman presents the budget. India imports 20 items from the US on which there are duties more than 100 per cent.

Market Inside will be watching closely about US move to impose tariffs on imports from Canada, Mexico, China, and India. We will also be looking the upcoming budget of India and key announcements. Access our platform and analyse how Donald Trump’s decision to impose tariffs on imports from these countries will impact global trade.

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