Trump's tariffs on Canada, Mexico and China are in effect. Here's what could get pricier
www.cbsnews.com/news/trump-tariffs-what-will-cost-more-inflation/

* The typical American family could face higher annual costs of between $1,600 to $2,000
* Gas prices to rise 40 cents per gallon ("drill baby drill" won't fix it)
* Automobile and electronics prices will probably take a few months to show the full cost rises
* Many fresh fruits & vegetable prices will rise much sooner


Trump tariffs: U.S. pauses tariffs on some Canadian, Mexican imports until April 2
www.cnbc.com/2025/03/06/trump-tariffs-live-updates-businesses-warn-of-ripple-down-effects-from-tariffs-because-of-rising-costs.html

* President Donald Trump granted temporary tariff exemptions for Canadian and Mexican goods covered by the North American trade agreement known as USMCA until April 2.
* About 50% of Mexican imports and 38% of Canadian imports are covered by the trade agreement, according to a White House official.
* Trump is poised to enact “reciprocal tariffs” April 2 on foreign nations that have import taxes on U.S. goods.
* Mexican President Claudia Sheinbaum said Mexico should be spared when such reciprocal tariffs come into effect. *Canadian Prime Minister Justin Trudeau said his goal remains to get “all tariffs removed.”
* Thursday’s tariff exceptions excluded those imposed on China. The country is standing tough, saying it’s prepared to fight “any type of war” with the U.S.

So Trump suspended many of the tariffs on Mexican & Canadian imports for another month, which aside from making Trump look unserious, it only adds a delay to the idiotic consequences of a trade war, and businesses don't do as well in an unpredictable environment.

A tariff is basically a sales tax on the people of the United States, I have not heard a clear answer on what the US government is going to do with this money? It is almost like a "sin tax" like the put on alcohol or tobacco to try to slow the amount people are buying from foreign countries, but many of these things we have no choice but to buy from other countries. And what is stopping them from selling them to another country and then that country selling them to the United States? Not saying I am against all tariffs, but seems it should be more uniform across the board.
As people panic that 25% is such a big number, most of what is being bought is at a wholesale level, so by the time it gets to the user that percentage should be much less.
Funny how Canada is making such a fuss out of these tariffs being they have such outrageous income tax and sales tax themselves, takes a lot of tax money to run a socialist country, probably one of the reasons why the United States is trying to add this hidden tax? Just another one of those things that if people were smart this could all be figured out, but leave it up to the government to make stupid moves that don't make sense, that's what they do best.

That scheme of transporting through non-tariffed countries is exactly what happens, even before these latest tariffs came up. Even though it's illegal, when businesses move $billions in cargo and buyers look for lowest costs they typically choose the cheapest way to do it.
www.reuters.com/markets/us/us-firms-demand-crackdown-tariff-evading-chinese-importers-2025-03-05/

Also, Trump is extra full of crap when he says foreign companies pay the price, because when the US market price jumps 25%, domestic producers will not stubbornly stick to the lowest price. They charge as much as they can and make the sale.