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The Independent
04-03-2025
- Automotive
- The Independent
The goods hit first by Trump's tariffs on Mexico, Canada and China
President Donald Trump's long-threatened tariffs have come into effect and America 's top trading partners are threatening retaliation. On Tuesday, he imposed 25 percent taxes on imports from Canada and Mexico and doubled his levies on Chinese products to 20 percent. Trump declared an economic emergency in order to justify the duties, marking the most aggressive use of tariffs by the United States since the 1930s. He claims that the sanctions are designed to reduce the flow of undocumented and illicit drugs across the U.S. border — and all three countries have threatened to retaliate. The United States last year did nearly U$2.2 trillion in the trade of goods — exports plus imports — with the countries the president is targeting: $840 billion with Mexico, $762 billion with Canada and $582 billion with China. Energy imported from Canada, including oil, natural gas and electricity, will be taxed at a lower 10 percent rate — a concession to households in the U.S. Northeast and Midwest that depend on Canadian energy. The following are just a few imported goods whose prices may be hit first: A 'grenade' lobbed into auto production For decades, auto companies have built supply chains that cross the borders of the United States, Mexico and Canada. More than one in five of the cars and light trucks sold in the United States were built in Canada or Mexico, according to S&P Global Mobility. Last year, the United States imported $79 billion worth of cars and light trucks from Mexico – far more than any other country - and $31 billion from Canada. Another $81 billion in auto parts came from Mexico and $19 billion from Canada. The engines in Ford F-series pickups and the iconic Mustang sports coupe, for instance, come from Canada. 'You have engines and car seats and other things that cross the border multiple times before going into a finished vehicle,'' said Scott Lincicome, a trade analyst at the libertarian Cato Institute. 'You have American parts going to Mexico to be put into vehicles that are then shipped back to the United States. 'You throw 25 percent tariffs into all that, and it's just a grenade.'' China is also a major supplier of auto parts to the U.S. — $18 billion worth last year. S&P Global Mobility reckons that 'importers are likely to pass most, if not all, of this (cost) increase to consumers.'' TD Economics notes that average U.S. car prices could rise by about $3,000 – this at a time when the average new car already goes for nearly $49,000 and the average used car for $25,000, according to Kelley Blue Book. Higher prices at the pump Canada is by far America's biggest foreign supplier of crude oil. In 2024, Canada shipped the U.S. $98 billion worth of crude, well ahead of No. 2 Mexico at $12 billion. For many U.S. refineries, there's not much choice. Canada produces the 'type of crude oil that American refineries are geared to process,'' Lincicome said. 'It's a heavier crude. All the fracking and all the oil and gas we make here in the United States – or most of it – is a lighter crude that a lot of American refineries don't process, particularly in the Midwest.'' Of the tariffs on Canadian oil imports, Lincicome said, 'how the heck does that shake out? My guess is that it shakes out just through higher gas prices, particularly in the Midwest.'' Computers, clothes and toys Tariffs on China could impact a wide variety of consumer goods that Americans depend on. Cell phones, computers and other electronic devices were among the top imports from China last year, according to Commerce Department data. The U.S. also imported more than $32 billion in 'toys, games and sporting goods' from China last year, data shows. And Americans import billions of dollars a year in clothing from China. That includes more than $7.9 billion in footwear last year, according to Commerce Department data. Trouble in Margaritaville Tariffs could raise the price for those raising a glass of tequila or Canadian whisky. In 2023, the U.S. imported $4.6 billion worth of tequila and $108 million worth of mezcal from Mexico, according to the Distilled Spirits Council of the United States, a trade group. The U.S. imported $537 million worth of Canadian spirits, including $202.5 million worth of whisky. Canada and Mexico were also the second- and third-largest importers of U.S. spirits in 2023, behind the European Union, the council said. The council said the U.S. is already facing a potentially devastating 50 percent tariff on American whiskey by the European Union, which is set to begin in March. Imposing tariffs on Mexico and Canada could pile even more retaliatory action on the industry. Chris Swonger, the council's president and CEO, said he appreciates the goal of protecting U.S. jobs. But tequila and Canadian whisky – like Kentucky bourbon - are designated as distinctive products that can only be made in their country of origin. 'At the end of the day, tariffs on spirits products from our neighbors to the north and south are going to hurt U.S. consumers and lead to job losses across the U.S. hospitality industry, just as these businesses continue their long recovery from the pandemic,' Swonger said. Tariffs would hit Mexican avocados For American consumers still exasperated by high grocery prices, a trade war with Canada, Mexico and China could be painful. In 2024, the U.S. bought more than $49 billion in agricultural products from Mexico – including 47 percent of imported vegetables and 40 percent of fruits. Farm imports from Canada came to $41 billion. A 25 percent tariff could push prices up. 'Grocery stores operate on really tiny margins,'' Lincicome said. 'They can't eat the tariffs ... especially when you talk about things like avocados that basically all of them – 90 percent -- come from Mexico. You're talking about guacamole tariffs.'' U.S. farmers are nervous, too, that Canada and Mexico will retaliate by slapping tariffs on American products such as soybeans and corn. That's what happened in the first Trump administration. China and other targets of Trump tariffs hit back by targeting the president's supporters in rural America. Exports of soybeans and other farm products dropped, so Trump spent billions of U.S. taxpayer money to reimburse farmers for lost sales. 'President Trump was as good as his word,'' said Mark McHargue, a Central City, Nebraska, farmer who grows corn, soybeans, popcorn and raises hogs. 'It did take the sting out of it. That's for sure.'' But he would prefer to see the government push to open foreign markets to American farm exports. 'We would rather get our money from the market,'' said McHargue, president of the Nebraska Farm Bureau. 'It doesn't feel great to get a government check.''
Yahoo
03-03-2025
- Automotive
- Yahoo
Here are some goods in the crosshairs of Trump's tariffs on Mexico, Canada and China
President Donald Trump was poised to impose 25% taxes on imports from Canada and Mexico Tuesday and to double to 20% his levies on Chinese products. All three countries — America's top trading partners — are threatening retaliation. The United States last year did nearly $2.2 trillion in the trade of goods — exports plus imports — with the countries the president is targeting: $840 billion with Mexico, $762 billion with Canada and $582 billion with China. Trump has declared an economic emergency in order to justify the duties, marking the most aggressive use of tariffs by the United States since the 1930s. He claims that the sanctions are designed to reduce the flow of undocumented and illicit drugs across the U.S. border. See for yourself — The Yodel is the go-to source for daily news, entertainment and feel-good stories. By signing up, you agree to our Terms and Privacy Policy. Energy imported from Canada, including oil, natural gas and electricity, will be taxed at a lower 10% rate — a concession to households in the U.S. Northeast and Midwest that depend on Canadian energy. The following are just a few imported goods whose prices may be hit first: A 'grenade' lobbed into auto production For decades, auto companies have built supply chains that cross the borders of the United States, Mexico and Canada. More than one in five of the cars and light trucks sold in the United States were built in Canada or Mexico, according to S&P Global Mobility. Last year, the United States imported $79 billion worth of cars and light trucks from Mexico – far more than any other country -- and $31 billion from Canada. Another $81 billion in auto parts came from Mexico and $19 billion from Canada. The engines in Ford F-series pickups and the iconic Mustang sports coupe, for instance, come from Canada. 'You have engines and car seats and other things that cross the border multiple times before going into a finished vehicle,'' said Scott Lincicome, a trade analyst at the libertarian Cato Institute. 'You have American parts going to Mexico to be put into vehicles that are then shipped back to the United States. 'You throw 25% tariffs into all that, and it's just a grenade.'' China is also a major supplier of auto parts to the U.S. — $18 billion worth last year. S&P Global Mobility reckons that 'importers are likely to pass most, if not all, of this (cost) increase to consumers.'' TD Economics notes that average U.S. car prices could rise by around $3,000 – this at a time when the average new car already goes for nearly $49,000 and the average used car for $25,000, according to Kelley Blue Book. Higher prices at the pump Canada is by far America's biggest foreign supplier of crude oil. In 2024, Canada shipped the U.S. $98 billion worth of crude, well ahead of No. 2 Mexico at $12 billion. For many U.S. refineries, there's not much choice. Canada produces the 'type of crude oil that American refineries are geared to process,'' Lincicome said. 'It's a heavier crude. All the fracking and all the oil and gas we make here in the United States – or most of it – is a lighter crude that a lot of American refineries don't process, particularly in the Midwest.'' Of the tariffs on Canadian oil imports, Lincicome said, 'how the heck does that shake out? My guess is that it shakes out just through higher gas prices, particularly in the Midwest.'' Computers, Clothes and Toys Tariffs on China could impact a wide variety of consumer goods that Americans depend on. Cell phones, computers and other electronic devices were among the top imports from China last year, according to Commerce Department data. The U.S. also imported more than $32 billion in 'toys, games and sporting goods' from China last year, data shows. And Americans import billions of dollars a year in clothing from China. That includes more than $7.9 billion in footwear last year, according to Commerce Department data. Trouble in Margaritaville Tariffs could raise the price for those raising a glass of tequila or Canadian whisky. In 2023, the U.S. imported $4.6 billion worth of tequila and $108 million worth of mezcal from Mexico, according to the Distilled Spirits Council of the United States, a trade group. The U.S. imported $537 million worth of Canadian spirits, including $202.5 million worth of whisky. Canada and Mexico were also the second- and third-largest importers of U.S. spirits in 2023, behind the European Union, the council said. The council said the U.S. is already facing a potentially devastating 50% tariff on American whiskey by the European Union, which is set to begin in March. Imposing tariffs on Mexico and Canada could pile even more retaliatory action on the industry. Chris Swonger, the council's president and CEO, said he appreciates the goal of protecting U.S. jobs. But tequila and Canadian whisky – like Kentucky bourbon -- are designated as distinctive products that can only be made in their country of origin. 'At the end of the day, tariffs on spirits products from our neighbors to the north and south are going to hurt U.S. consumers and lead to job losses across the U.S. hospitality industry, just as these businesses continue their long recovery from the pandemic,' Swonger said. Tariffs would hit Mexican avocados For American consumers still exasperated by high grocery prices, a trade war with Canada, Mexico and China could be painful. In 2024, the U.S. bought more than $49 billion in agricultural products from Mexico –- including 47% of imported vegetables and 40% of fruits. Farm imports from Canada came to $41 billion. A 25% tariff could push prices up. 'Grocery stores operate on really tiny margins,'' Lincicome said. 'They can't eat the tariffs ... especially when you talk about things like avocados that basically all of them – 90% -- come from Mexico. You're talking about guacamole tariffs.'' U.S. farmers are nervous, too, that Canada and Mexico will retaliate by slapping tariffs on American products such as soybeans and corn. That's what happened in the first Trump administration. China and other targets of Trump tariffs hit back by targeting the president's supporters in rural America. Exports of soybeans and other farm products dropped, so Trump spent billions of U.S. taxpayer money to reimburse farmers for lost sales. 'President Trump was as good as his word,'' said Mark McHargue, a Central City, Nebraska, farmer who grows corn, soybeans, popcorn and raises hogs. 'It did take the sting out of it. That's for sure.'' But he would prefer to see the government push to open foreign markets to American farm exports. 'We would rather get our money from the market,'' said McHargue, president of the Nebraska Farm Bureau. 'It doesn't feel great to get a government check.'' ____ Associated Press Writers Josh Boak in Washington, Dee-Ann Durbin in Detroit and Alan Suderman in Richmond, Virginia, contributed this story.
Yahoo
09-02-2025
- Yahoo
Drivers targeted in emerging crime trend have one thing in common
Texas law enforcement issued a word of warning to Ford F-series truck owners after they broke up an organized crime ring targeting the popular vehicle model. Three Texas men are facing charges for allegedly stripping the taillights off dozens of high-end Ford trucks, indicating a new trend of vehicle thefts that has owners on high alert. Jimmy Dean Miller, Jaleel D. Fasion and Sergio Giovanni Sanfilippo are charged with engaging in organized criminal activity after police say the trio stole over $92,000 worth of taillights. The ring operated between September 2024 and January 2025, targeting 34 victims, according to the Webster Police Department. Ford Spotlights A New Lineup Of Popular Trucks Miller, Fasion and Sanfilippo traveled throughout the I-45 highway corridor between Houston and Galveston, according to authorities. Officers relied on surveillance to track the suspects as they entered high-traffic areas, ultimately establishing probable cause for the arrests. Read On The Fox News App Most of the vehicles targeted by the three men were F-350s, according to police. The latest models of the trucks can cost more than $100,000. "We found that taillights from luxury Ford vehicles were being stolen," Webster Police Chief Pete Bacon told Fox News Digital. "We believe the reason is that these taillights contain specific sensors, and these sensors are part of the entire [luxury] system and cost a lot of money." Once thieves have access to the tailgate of a vehicle, they can remove the lights by simply unscrewing them from the truck, making off with the loot within a matter of seconds. "If they have two or three guys working in conjunction, they can get these lights removed in under a minute," Bacon told Fox News Digital. Man Named 'Optimus Prime' Arrested For Auto Theft: Texas Police Bacon believes that the taillights were being sold online to truck owners who are looking for replacements but may not want to pay retail price. The investigation revealed that the trio sold the stolen parts on sites such as Facebook Marketplace, with one victim possibly purchasing his own headlights back, police said. Bacon encourages drivers to take precautions to protect their vehicles. Drivers can purchase aftermarket tailgate locks or scratch a series of numbers into the inside of their taillights, making them identifiable if they are stolen, according to Bacon. Truck owners should consult their truck's dealership to ensure any security measures do not impact their warranty. Florida Authorities Arrest Alleged Retail Theft Ring Members Accused Of Stealing $90K Worth Of Goods Ford did not immediately respond to Fox News Digital's request for comment. Court records indicate that the three men are facing criminal charges for the thefts. Fasion is charged but has been released from custody and Sanfilippo is currently out on bond. A magistrate judge ruled that no probable cause was found in Miller's case, but prosecutors are planning to refile the charges through a grand jury, the district attorney's office told Fox News Digital. The Webster Police Department worked with the Galveston County Auto Crimes Task Force, League City Police Department and Seabrook Police Department to apprehend the suspects. Bacon warns that although this began as a regional issue, there is a likelihood of copycat criminals and truck owners should take precautions to protect their vehicles. "Once a group of thieves figures out what kind of niche they're going after, then we'll probably have more," Bacon said. "There's going to be other rings out there targeting taillights. I don't think with these three arrests, that this problem is going to end."Original article source: Drivers targeted in emerging crime trend have one thing in common
Fox News
09-02-2025
- Fox News
Drivers targeted in emerging crime trend have one thing in common
Texas law enforcement issued a word of warning to Ford F-series truck owners after they broke up an organized crime ring targeting the popular vehicle model. Three Texas men are facing charges for allegedly stripping the taillights off dozens of high-end Ford trucks, indicating a new trend of vehicle thefts that has owners on high alert. Jimmy Dean Miller, Jaleel D. Fasion and Sergio Giovanni Sanfilippo are charged with engaging in organized criminal activity after police say the trio stole over $92,000 worth of taillights. The ring operated between September 2024 and January 2025, targeting 34 victims, according to the Webster Police Department. Miller, Fasion and Sanfilippo traveled throughout the I-45 highway corridor between Houston and Galveston, according to authorities. Officers relied on surveillance to track the suspects as they entered high-traffic areas, ultimately establishing probable cause for the arrests. Most of the vehicles targeted by the three men were F-350s, according to police. The latest models of the trucks can cost more than $100,000. "We found that taillights from luxury Ford vehicles were being stolen," Webster Police Chief Pete Bacon told Fox News Digital. "We believe the reason is that these taillights contain specific sensors, and these sensors are part of the entire [luxury] system and cost a lot of money." Once thieves have access to the tailgate of a vehicle, they can remove the lights by simply unscrewing them from the truck, making off with the loot within a matter of seconds. "If they have two or three guys working in conjunction, they can get these lights removed in under a minute," Bacon told Fox News Digital. Bacon believes that the taillights were being sold online to truck owners who are looking for replacements but may not want to pay retail price. The investigation revealed that the trio sold the stolen parts on sites such as Facebook Marketplace, with one victim possibly purchasing his own headlights back, police said. Bacon encourages drivers to take precautions to protect their vehicles. Drivers can purchase aftermarket tailgate locks or scratch a series of numbers into the inside of their taillights, making them identifiable if they are stolen, according to Bacon. Truck owners should consult their truck's dealership to ensure any security measures do not impact their warranty. Ford did not immediately respond to Fox News Digital's request for comment. Court records indicate that the three men are facing criminal charges for the thefts. Fasion is charged but has been released from custody and Sanfilippo is currently out on bond. A magistrate judge ruled that no probable cause was found in Miller's case, but prosecutors are planning to refile the charges through a grand jury, the district attorney's office told Fox News Digital. The Webster Police Department worked with the Galveston County Auto Crimes Task Force, League City Police Department and Seabrook Police Department to apprehend the suspects. Bacon warns that although this began as a regional issue, there is a likelihood of copycat criminals and truck owners should take precautions to protect their vehicles. "Once a group of thieves figures out what kind of niche they're going after, then we'll probably have more," Bacon said. "There's going to be other rings out there targeting taillights. I don't think with these three arrests, that this problem is going to end."
Yahoo
31-01-2025
- Automotive
- Yahoo
Trump tariffs on Mexico and Canada could land this weekend. Here are some goods in the crosshairs
President Donald Trump said this week that tariffs on U.S. neighbors Canada and Mexico will arrive Saturday. The two nations are not only close geographically, but economically as well. The business between the North American nations now exceeds China, totaling $1.8 trillion in 2023. That is far greater than the $643 billion in commerce that the U.S. did with China in that same year. Following are just a few imported goods that could be hit first. A 'grenade' lobbed into auto production For decades, auto companies have built supply chains that cross the borders of the United States, Mexico and Canada. More than one in five of the cars and light trucks sold in the United States were built in Canada or Mexico, according to S&P Global Mobility. In 2023, the United States imported $69 billion worth of cars and light trucks from Mexico – more than any other country -- and $37 billion from Canada. Another $78 billion in auto parts came from Mexico and $20 billion from Canada. The engines in Ford F-series pickups and the iconic Mustang sports coupe, for instance, come from Canada. 'You have engines and car seats and other things that cross the border multiple times before going into a finished vehicle,'' said Cato's Lincicome. 'You have American parts going to Mexico to be put into vehicles that are then shipped back to the United States. 'You throw 25% tariffs into all that, and it's just a grenade.'' In a report Tuesday, S&P Global Mobility reckoned that 'importers are likely to pass most, if not all, of this (cost) increase to consumers.'' TD Economics notes that average U.S. car prices could rise by around $3,000 – this at a time when the average new car already goes for $50,000 and the average used car for $26,000, according to Kelley Blue Book. Higher prices at the pump Canada is by far America's biggest foreign supplier of crude oil. From January through November last year, Canada shipped the U.S. $90 billion worth of crude, well ahead of No. 2 Mexico at $11 billion. For many U.S. refineries, there's not much choice. Canada produces the 'type of crude oil that American refineries are geared to process,'' Lincicome said. 'It's a heavier crude. All the fracking and all the oil and gas we make here in the United States – or most of it – is a lighter crude that a lot of American refineries don't process, particularly in the Midwest.'' Trump said Thursday that he hasn't yet decided whether to include Canadian and Mexico oil in the tariffs he still plans impose Saturday. If he did tax Canadian oil imports, Lincicome said, 'how the heck does that shake out? My guess is that it shakes out just through higher gas prices, particularly in the Midwest.'' TD Economics figures that Trump's tariffs could push up U.S. gasoline prices by 30 cents to 70 cents a gallon. Expensive avocados, just in time for the Super Bowl For American consumers still exasperated by high grocery prices, a trade war with Canada and Mexico could be painful. In 2023, the U.S. bought more than $45 billion in agricultural products from Mexico –including 63% of imported vegetables and 47% of fruits and nuts. Farm imports from Canada came to $40 billion. A 25% tariff could push prices up. 'Grocery stores operate on really tiny margins,'' Lincicome said. 'They can't eat the tariffs ... especially when you talk about things like avocados that basically all of them – 90% -- come from Mexico. You're talking about guacamole tariffs right before the Super Bowl.'' U.S. farmers are nervous, too, that Canada and Mexico will retaliate by slapping tariffs on American products such as soybeans and corn. That's what happened in the first Trump administration. China and other targets of Trump tariffs hit back by targeting the president's supporters in rural America. Exports of soybeans and other farm products dropped, so Trump spent billions of U.S. taxpayer money to reimburse farmers for lost sales. 'President Trump was as good as his word,'' said Mark McHargue, a Central City, Nebraska, farmer who grows corn, soybeans, popcorn and raises hogs. 'It did take the sting out of it. That's for sure.'' But he would prefer to see the government push to open foreign markets to American farm exports. 'We would rather get our money from the market,'' said McHargue, president of the Nebraska Farm Bureau. 'It doesn't feel great to get a government check.'' ____ Associated Press Writer Josh Boak in Washington contributed this story. Sign in to access your portfolio
