White House Press Secretary Karoline Leavitt announces that tomorrow Trump will implement 25% tariffs on Canada and Mexico and a 10% tariff on China.

This is the response to Trump’s tariffs I’ve been waiting for from Canada 🔥

"The threat comes, of course, from the president of the United States—a convicted felon and known predator." - Charlie Angus, Canadian MPpic.twitter.com/t6ypvlWNqZ

— Wu Tang is for the Children (@WUTangKids) February 1, 2025

That means you can expect the prices of the following goods to go up. You can also expect the prices of goods in which these items are part of the supply chain of to go up. U.S. Imports from Canada - Crude Oil & Petroleum Products – Largest import, crucial for U.S. energy supply - Vehicles & Auto Parts – Canada is a major supplier for U.S. automakers - Lumber & Wood Products – Essential for construction and furniture - Machinery & Industrial Equipment – Includes turbines, engines, and heavy equipment - Aluminum & Steel – Used in manufacturing, construction, and defense - Natural Gas – Key for U.S. energy production - Electrical Equipment – Power distribution components, transformers - Pharmaceuticals & Medical Equipment – Includes vaccines, surgical tools - Food & Agricultural Products – Wheat, canola, seafood, dairy products - Aircraft & Aerospace Parts – Canada’s Bombardier is a major supplier U.S. Imports from Mexico - Vehicles & Auto Parts – A critical supply chain for U.S. carmakers - Computers & Electronics – Laptops, smartphones, semiconductors - Machinery & Manufacturing Equipment – Includes industrial tools and robotics - Medical Devices & Pharmaceuticals – Mexico is a key exporter of medical goods - Agricultural Products – Avocados, tomatoes, berries, peppers, and tequila - Oil & Petroleum Products – Fuel, refined oils - Clothing & Textiles – Apparel, footwear, and fabric materials - Appliances & Consumer Goods – Refrigerators, washing machines, and home goods - Beer & Alcoholic Beverages – Mexico is the top supplier of beer to the U.S. - Aerospace Components – Parts for planes and satellites U.S. Imports from China - Electronics & Computers – Smartphones, laptops, semiconductors, networking equipment - Machinery & Industrial Equipment – Manufacturing tools, robots, and heavy equipment - Furniture & Home Goods – Sofas, tables, decorations - Toys, Games & Sporting Equipment – The majority of U.S. toy imports come from China - Clothing & Footwear – Shoes, apparel, and textiles - Plastics & Rubber Products – Packaging, auto parts, medical supplies - Pharmaceuticals & Medical Equipment – Generic drugs, masks, syringes -Steel & Aluminum Products – Components for construction and manufacturing - Auto Parts – Batteries, electronics, interior components - Chemicals & Fertilizers – Essential for agriculture and industry