(CNN) – Fresh lawyers for dairy products, Americans are counting strongly on their borderline countries for everyday grocery products. The White House confirmed that President Donald Trump would impose a 25% rate on the goods of Mexico and Canada – Two of the largest suppliers of agricultural products in the United States – February 1. These prices could lead to food The prices of the average buyer, at a time when the increase in grocery costs is already a concern for many American families.
The two countries provide a large share of several key food categories. For example, Mexico is the largest supplier of fruits and vegetables in the United States, while Canada leads to cereal, livestock and meats, poultry and more.
Here is what the United States depends the most on its closest neighbors and its business partners.
Although the White House has confirmed its intention to impose new prices in Mexico and Canada, it is not clear if all the products would be affected. The president previously suggested that prices could target specific industries, such as pharmaceutical or steel products.
Agricultural products in Mexico and Canada, in particular, could become more expensive for consumers, because grocery retailers operate on more thin -old margins than most industries. With little space to absorb higher rate costs, grocers may have to transmit them to buyers.
Although the United States generally exports more agricultural goods than they matter, the value of imports has increased more quickly than that of exports in the last decade, according to the Ministry of Agriculture. In addition, climate change has increased American dependence on countries like Mexico, where growth conditions are more favorable.
For decades, Mexico and Canada have been major players in America’s food. Together, countries have represented nearly $ 83 billion in total of $ 196 billion in agricultural goods imported by the United States between January and November from last year, according to USDA data. The European Union, Brazil and China are also key suppliers of agricultural imports.
Beyond food, Mexico and Canada are also among the largest trade partners in the United States. The United States imported around $ 467 billion and $ 337 billion in Mexico and Canada last year, until November, the last month of available data, according to federal commercial data from the department of the department of trade.
They rank in the first three countries for total goods that the United States imported. Some of the main goods on which the United States depends on it include vehicles and vehicle parts, oil and electronics.
Elisabeth Buchwald of CNN contributed to this report.
