Will Trump’s tariffs of MS business with Canada, Mexico, China?

President Donald Trump said this week that 25% fee for goods from Canada and Mexico will come into force on Tuesday, and he will go to duplicate products from China.

Can these new tariffs affect imports of businesses and missisippi’s jobs? Canada, Mexico and China are the largest trading partners of the state, and the increase in import taxes, paired with vengeful tasks for US exports, can cause leakage in the state economy.

Mississippi depends heavily on trade with other countries. According to the Economic Complexity OEC (OEC), Mississippi exports for 2023 amounted to $ 16.3 billion, and imports reached $ 21.8 billion, which means the state had a trade deficit.

At the beginning of February, the president agreed to ban tariffs in Canada and Mexico for 30 days.

However, ten percent fees for China were implemented. The country hit Trump’s 10% fee with a 15% in US imports, including cars and trucks made here. Automobile manufacturers across the country have weighed on how to balance costs.

The president said in a social post of truth that drugs, mainly Fentanil, are coming to SH.BA from Canada and Mexico. He said the medicines were done and supplied by China.

“We cannot allow this trick to continue to damage the US, and therefore, until it is stopped, or is seriously limited, the proposed planned tariffs enter into force in the fourth March will, indeed, take effect, as planned,” Trump said in the post. “China will also be charged an additional 10% fee on that date.”

The president also plans mutual tariffs for almost any other country. These are planned to take effect on April 2, according to his truth, the social post.

Trump also argues that making more expensive foreign products will run the American industry and innovation. Funds will also be used to fund its political goals.

Which Mississippi industries can be affected in a trade war? Here’s what we know so far about state trade partners and how much jobs rely on them.

What are the fees?

Tariffs are taxes that countries set in goods and products imported from another country, according to the tax foundation, a nonprofit providing research and analysis of tax policies.

“For customers, tariffs are like another form of inflation, simply written otherwise,” said Darpan Seth, CEO of Nextuple, in an interview with USA Today. “They have the same effect of rising prices.”

Who pays the fees?

They are called taxes for other countries, but the people who pay the burden are importers in the place they set the tariff, and who passed to consumers. The other country does not pay the fee, but increased costs can make the market demand cheaper resources.

The Tax Foundation notes that the results tend to be “regressive” and to load low -income families more than those with higher income.

According to the US Census Bureau, about 18% of Mississippi residents live in poverty.

What are the main exports of Mississippi? Where do they go?

About $ 2.19 billion in Mississippi exports went to Canada in 2023, $ 1.98 billion went to Mexico, $ 1.64 billion went to Panama, $ 782 million for the Netherlands and $ 781 million in China.

The main exports to the state in 2023 were:

Light Petroleum Distilles NES: $ 3.13 billion
Petroleum spirit for motor vehicles: $ 1.14 billion
Medical and scientific instruments: $ 948 million
Cotton (not charged or combed): $ 716 million.
Kim, soda or sulfate pulp: $ 661 million.

Trump’s executive order that sets 25% tariff on aluminum, steel

President Donald Trump signed an executive order by imposing 25% tariffs on all imports of steel and aluminum in a continuous trade war with key partners.

What are the main imports of Mississippi? Where do they come from?

Imports from Mexico amounted to about $ 2.88 billion in 2023, followed by $ 2.81 billion from China, $ 1.93 billion in goods from Canada, $ 1.13 billion from Venezuela and $ 976 million from Germany, according to the OEC.

The main imports from the state for 2023 were:
Raw oil oils: $ 2.25 billion.
Petroleum bitumen: $ 591 million.
Artificial body parts: $ 589 million.
Pork iron, not alloy (<0.5% phosphorus): $ 576 million.
Medical and scientific instruments: $ 555 million.

Can the tariffs implemented by President Donald Trump in the Mississippi automotive industry?

According to the Mississippi Development Authority, Nissan, Toyota and Paccar have products in the state, and some automobile suppliers operate here. Moreover, Yokohama Tire, Cooper tires and continental tires operate in the state.

More than 15,000 residents work in more than 200 vehicle industry employers.

Last month, the Nissan Plant in Canton announced voluntary purchase packages that could affect hundreds of workers. The company had previously announced about 9,000 global vacations, citing a decline in sales in China and the US Purchases are under consideration in March, and change changes are reported to begin in April.

Mutual import fees and taxes in other countries are likely to further increase both production prices and consumer prices in the US and for countries where vehicles are exported here.

About 23% of the steel used in the US vehicle industry came from imports, according to the American Institute of Iron and Stelelik.

About half of the aluminum in the US is also imported, mainly from Canada, for the reporting of reuters.

The story goes on the video below.

President Trump says vehicle fees are likely to start with 25% – and grow

President Trump says vehicle fees about 25%

DOES What does Mississippi trade with Canada?

Canada is the main market for the Mississippi export. Seventy -three Canadian ownership companies are reported to hire 4,350 workers here, according to information from the Government of Canada.

The best exports of goods for 2023 included:

Optical, medical and precise instruments: $ 251 million.
Vehicles: $ 224 million.
AV: $ 180 million phones and registration equipment.
Truck: $ 98 million.
Plastic and plastic items: $ 88 million.
Heating, cooling and cooling equipment: $ 71 million.
Electric motors and generators: $ 62 million.
Fuel oil: $ 45 million.
Fertilizers: $ 44 million.
Furniture and bed: $ 34 million.

And exports of services to Canada, including travel and financial and business services, reached $ 171 million

The main imports of Mississippi from Canada include:

Petroleum Coke and Bitumen: $ 592 million.
Raw oil: $ 130 million.
Pharmaceutical products: $ 79 million.
Motors and turbine: $ 79 million.
Plastic and plastic items: $ 64 million.
Agricultural machinery: $ 57 million.
Motor vehicles: $ 55 million.
Pasta, bread and cereal preparations: $ 55 million.
Compressors and pumps: $ 43 million.
Aircraft and parts: $ 33 million.

Canadian investments in the state include southeastern wood products recently announcing an expansion of $ 123.4 million in its Ackerman operations. The mass can make up to 40 new jobs and is part of a total plan of $ 150 million.

The National Canadian Railway Company is also investing $ 50 million in the state to improve rails and connections and maintain bridges and railway yards. Company employees around 500 in Mississippi and are reportedly contributing about $ 650 million to the railway state network over a decade.

Does what does Mississippi trade with Mexico?

According to information from the Foreign Relations Agency for Mexico, the trade between Mississippi and the country amounts to about $ 4.9 billion and exceeds the entire state -owned trade with Greece, which was about $ 4.66 billion since 2022.

External reports said trade with Mexico supports 39,000 missisippi jobs, and Mexican investments in the state include CEMEX, Alpha, Groupo Elektra, Lala and Groupo Salinas.

In 2023, Mississippi exported:

Iron and steel.
Motor vehicles.
Oil and coal products.
Basic chemicals.
Semiconductors.

Import Mississippi:

Parts of motor vehicles.
Electrical equipment and ingredients.
Machinery with general purposes.
Transport equipment.
HVAC and commercial cooling equipment.

The story goes on the video below.

President Trump plans 25% fee in the European Union

President Donald Trump said he plans to hit the European Union with 25% tariffs, including cars.

DOES What does Mississippi trade with China?

According to the US Business Council, exports of state goods and services to China supported 7,440 work in America in 2022.

The best exports of goods from Mississippi in China in 2023 included:

Oil seeds and grains: $ 406 million.
Ancients: $ 198 million.
Medical equipment and supplies: $ 170 million.
Pulp and cardboard mill products: $ 137 million.
Semiconductors and ingredients $ 63 million.

Contribution: Venugopal Ramaswamy Swapna, Betty Lin-Fishr and Ross Reily

Bolden Bolden is the Deep South Connect reporter for Mississippi with Gannett/USA Today. E -mail to bbolden@gannett.com.