The costs could be particularly high for the industries that depend on an integrated North American market
FILE — A U.S. Border Patrol vehicle near the U.S.-Mexico border in Sunland Park, N.M., the day before the U.S. presidential election, Nov. 4, 2024. President-elect Donald Trump said that he would impose the tariff on Day 1 and that it would stay in place until Canada and Mexico halted the flow of drugs and migrants across U.S. borders.
“Both Mexico and Canada have the absolute right and power to easily solve this long simmering problem,” he added. “We hereby demand that they use this power, and until such time that they do, it is time for them to pay a very big price!” The tariffs would have dramatic implications for American industries, including auto manufacturers, farmers and food packagers, which busily ship parts, materials and finished goods across U.S. borders.
In 2019, he threatened to impose tariffs on all products from Mexico and shut down the border entirely unless the country halted illegal immigration. But he was persuaded to walk away from the moves.
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