Trump's tariffs in China, Mexico and Canada to start on March 4th – here is what to buy beforehand

President Donald Trump has announced the implementation of tariffs for imports from China, Mexico and Canada. These measures are expected to have a significant impact on the US economy and consumer markets.

Newsweek I turned to the White House by e -mail to get a comment.

Why is it important

The upcoming tariffs include a 25 percent tax on general imports from Mexico and Canada, a tariff of 10 percent on Canadian energy products and an additional 10 percent tariff for Chinese goods, which effectively doubles the existing interest rate. These measures aim to tackle topics such as drug trafficking and trade weights. However, experts warn that these tariffs could lead to increased consumer prices, which may be inflation and slows down economic growth. In particular, the expectations of consumers have already increased to future inflation in expectation of these changes.

What to know?

On Thursday, Trump announced about Truth Social that the tariffs on Mexico and Canada would begin on March 4, with an additional 10 percent tariff being charged to China. Trump claims that these tariffs are a reaction to ongoing problems, including the influx of illegal drugs, especially Fentanyl, from Mexico and Canada to the USA.

The tariffs for Chinese goods are intended to take into account trade weights and concerns of intellectual property. The administration believes that the introduction of these tariffs put these countries under pressure to take stricter measures against drug trafficking and unfair trading practices.

What to buy before Trump's tariffs become effective

With the upcoming tariffs, consumers can record price increases for various imported goods. Felix Tintelnot, Associate Professor of Economics at Duke University, told Newsweek This announcement could ensure a last-minute deal. However, if the tariffs come into force on March 4, it will be given that the consumer becomes expensive in grocery stores for articles such as avocados, cucumbers and tomatoes.

It may also be expensive for cars about the short to medium term. Tintelnot found that the 25 percent tariff for the auto industry would be extremely expensive, and these costs would be passed on to consumers.

Experts suggest to take the following purchases into account before March 4:

Consumer electronics: The United States imports a considerable number of computers and parts from China and Mexico. Clark Packard, a scientific fellow at the Cato Institute, told Newsweek“Americans who consider a new consumer electronics would be wise to buy them before the tariffs occur.”

General consumer goods: Alex Beene, trainer for financial competence at the University of Tennessee in Martin, told Newsweek“Buy some of the many consumer goods from China to the mechanical engineer-it-acting is probably one of the few areas that customers can buy in large quantities in order to avoid the potentially long-term consequences of these tariffs.”

Do not buy in panic: Kevin Thompson, founder and CEO of the 9i Capital Group, told Newsweek The Americans should avoid excessive hoarding and say: “For the average consumer, there is really nothing that you can have in stock without getting worse.

Which tariffs have Trump imposed Canada?

The administration has announced a tariff of 25 percent on general imports from Canada, with a lower tariff of 10 percent especially for Canadian energy products, including crude oil and natural gas. This differentiation aims to alleviate possible disorders in the energy sector and at the same time clear out more comprehensive trade concerns.

Which tariffs have Trump imposed on Mexico?

Similar to Canada, Mexico will be exposed to a 25 percent tariff to his exports to the United States. This action is primarily motivated by the government's wish to contain the river of illegal drugs and tackle problems with immigration. The tariffs are intended to force Mexico to improve their efforts to combat drug trafficking and to control illegal immigration.

What tariffs has Trump imposed China?

The tariffs for Chinese imports include an additional tax of 10 percent, which effectively doubles the existing 10 percent customs to a total of 20 percent. This measure aims at a wide range of Chinese goods and is part of a wider strategy to combat commercial gains and theft for intellectual property. The administration intends to get China, to involve fairer trade practices and to protect American industries.

When do Trump's tariffs come into force?

The tariffs for imports from Mexico and Canada are to come into force on March 4, 2025. The additional tariffs for Chinese goods start at the same time.

What people say

Donald Trump posted the truth socially: “We cannot allow these scourge to continue to damage the United States, and therefore the planned tariffs that come into force on March 4 or are seriously limited as planned will also come into force as planned. China will also calculate an additional 10 percent tariff at this point.”

Alex Beene, trainer for financial competence at the University of Tennessee in Martin, told Newsweek: “The story tells us that the biggest loser in the implementation of tariffs is always the consumer. The importer has to collect the tab for the tariff, and this tab is passed on to its customers.

Perhaps the most difficult part of the current tariff debate is that it includes many imported products that you cannot necessarily use before your implementation. Products from Mexico and energy from Canada must be bought by most if necessary. The purchase of some of the many consumer goods from China to played toys up to machine parts-it is probably one of the few areas that customers can buy in large quantities in order to avoid the potentially long-term consequences of these tariffs. “

Kevin Thompson, founder and CEO of the 9i Capital Group, told Newsweek: “The problem with Trump's comments is that they storm a self-fulfilling prophecy-to fill goods like avocados, vegetables and now even chicken, especially in view of the recent outbreak of bird flu. The egg prices remain high, but the larger image is that most affected imported and vehicle component-important inputs are important Consumers.

Trump knows where the pain is to a certain extent. It avoids high tariffs for imported oil, as this drives gas prices higher, which is an important inflation pain for consumers.

There is really nothing for the average consumer that you can have in stock without worsening the problem. The purchase of wholesale in wholesale retailers can help keep the costs low, but excessive inventory only increase prices. The best step? Be strategically with purchases, avoid the purchase of panic and have the market adjusted. “

Clark Packard, a scientific fellow at the Cato Institute, told Newsweek: “The automotive sector is heavily integrated throughout North America. Auto parts can cross the border up to seven times before the final assembly. The tariffs of this size are crippled. Assuming the tariffs are actually implemented

The United States also imports many computers and parts from China and Mexico. Americans who consider a new consumer electronics would be advisable to buy them before the tariffs occur. “

What happens next

In the beginning of the implementation date on March 4, consumers and companies are recommended to prepare for potential price increases and adjustments to the supply chain. While some retailers can absorb some of the increased costs, it is likely that consumers will experience higher prices for different goods.