On January 22, Reuters reported that there is deliberation by U.S. President Donald Trump regarding the imposition of 25% tariffs on imports from Canada and Mexico starting on February 1. Attention has now shifted to the sectors expected to be most impacted by these tariffs.

According to data from the Census Bureau, approximately 28% of all U.S. imports in 2024, totaling about $844 billion, originated from these neighboring countries. Notably, the automobile industry accounted for imports exceeding $202 billion from Canada and Mexico combined.

Jason Miller, interim chair of the department of supply-chain management at Michigan State University's business college, noted that "Japanese automakers like Toyota stand to gain the most if tariffs are levied on Canada and Mexico, since many of their imported parts are sourced from Japan or U.S.-based suppliers."

The U.S. Census Bureau provides the following list of the largest imports from Mexico and Canada last year:

Source: U.S. Census Bureau

(Note: NESOI is an abbreviation used to classify exported goods, meaning "Not Elsewhere Specified or Included.")