Trump's Blockade of America

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Thanks for reading! If you haven’t subscribed, please click the button below:Subscribe nowBy subscribing you’ll join over 57,000 people who read Apricitas!What was once unthinkable is now reality. At 12:01 AM this morning, Donald Trump imposed the largest tariffs in modern US history—a 25% tariff on all Mexican imports, a 10% tariff on Canadian energy products, a 25% tariff on all other Canadian goods, and a doubling of the 10% tariffs on China imposed 30 days ago. The costs of these actions are enormous, covering $1.3T in US imports or roughly 42% of all goods brought into the United States. If households and companies tried simply to import the same goods from the same countries as last year, they would now be forced to pay an 11.5% effective tariff or more than $370B in total. Sustained, any one of these actions would exceed the total impact of Trump’s entire first-term trade wars, but combined they represent the single-largest tariff hike since the infamous Smoot-Hawley Act of nearly a century ago.For as long as they last, these tariffs will drive up US prices for key raw materials like gasoline, fertilizers, steel, aluminum, wood, plastic, and more. Groceries, especially fresh fruits and vegetables from Mexico, will become harder to find. Manufacturing industries reliant on complex integrated North American supply chains—vehicles, computers, chemicals, airplanes, and more—could grind to a halt if those links are forcibly severed. Costs could spike for phones, laptops, and appliances where production is particularly concentrated in China and Mexico.Exporters will be hur…