TERRIBLE TARIFFS

While US exports to Canada and Mexico are both about 1% of GDP, or $315 billion/year, do not be dismissive. Canada accounts for 60% of all US crude oil imports, about 3.8 million bbl/day. As for Mexico, they account for 23% of total US food imports. This includes 63% of vegetables, and 47% of fruits and nuts. Collectively Canada and Mexico represent 30% of all US imports.