March 11, 2025 · Article
Industries Most Exposed to U.S. Tariffs on Canada, Mexico, and China
On March 4, 2025, the U.S. imposed a 25% tariff on imports from Canada and Mexico and doubled tariffs on Chinese goods from 10% to 20%, citing concerns over illegal immigration and drug trafficking. In response, Canada, Mexico, and China—America’s largest trade partners—implemented countermeasures. However, the U.S. has since temporarily paused tariffs on Canadian and Mexican imports, while the increased tariffs on Chinese goods remain in effect.
Certain industries will bear the effect of these tariffs more than others. Sectors heavily reliant on imports from Canada, China, and Mexico will be hit the hardest. Using trade flow data from the United States International Trade Commission, we have identified the ten most exposed industries—measured by the total value of imports from these three countries— at the 6-digit NAICS level, detailed in Table 1. If these tariffs remain in place, businesses in these sectors will face significant economic strain.
Table 1: Top Ten Industries by Total Imports from Canada, China, and Mexico in 2024, Billions USD
NAICS Code
Industry Description
Canada
China
Mexico
334111
Electronic Computers
$ 0.30
$ 33.72
$ 42.50
334220
Radio/Tv Broadcast & Wireless Communication Equip.
$ 1.41
$ 51.20
$ 10.82
336111
Autos & Light Duty Motor Vehicles, Incl Chassis
$ 23.29
$ 2.50
$ 27.71
336390
Other Motor Vehicle Parts
$ 7.79
$ 5.33
$ 22.12
336112
Light Truck & Utility Vehicle
$ 3.99
$ 0.00
$ 29.23
336110
Automobile And Light Duty Motor Vehicle Manufacturing
$ 4.16
$ 0.11
$ 20.53
334310
Audio & Video Equipment
$ 0.40
$ 9.74
$ 13.42
339930
Dolls, Toys, And Games
$ 0.04
$ 20.76
$ 1.20
326199
All Other Plastics Products
$ 3.18
$ 14.51
$ 3.75
335911
Storage Batteries
$ 0.80
$ 17.88
$ 1.68
Industries Most Exposed to U.S. Tariffs on Canada, Mexico, and China
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