The Impact of Trump Tariffs on Mexico and Canada

US President Donald Trump’s 25% tariffs on imports from Canada and Mexico would trigger a decline of 28% in Canadian exports, 35% in Mexican and 22% in US exports, if retaliatory tariffs are imposed. Mexico’s and Canada’s manufacturing sectors would suffer the most, with value-added losses of 13% and 14%, respectively. In the U.S., the agricultural sector would take the biggest hit, facing a 2.4% drop in value added.