At Centersource Technologies AB we are committed to the highest standards of ethical research and data integrity, guided by the ESOMAR Code of Conduct. Our data is sourced from a limited, anonymous market survey conducted with trusted and established industry participants. The insights derived from this survey reflect aggregated finalized prices as well as observed prices reported within the participants respective markets, with a focus on the highest prices recorded during the first two weeks of each month. These insights are provided for informational purposes only and are intended to indicate market trends rather than serve as comprehensive or fully representative market data.

In adherence to ESOMAR's principles, we ensure that all data collection and analysis are conducted with transparency, respect for confidentiality, and strict compliance with ethical guidelines:

  • Data Sourcing and Methodology:
    We exclusively use data from government, customs, or government-affiliated websites to maintain reliability and public integrity. In addition, we engage directly with industry experts to gather real-time, firsthand information. Each data point is collected, verified, and aggregated following established ethical standards, ensuring that our research processes meet the rigor recommended by ESOMAR.
  • Transparency and Accuracy:
    All data are published promptly as they become available from the source, ensuring that our insights remain current and reflective of on-ground market dynamics. We actively seek and incorporate regular feedback from industry experts, which allows us to make real-time adjustments and continuously improve the accuracy and reliability of our data.
  • Ethical Data Usage and Third-Party Material:
    Our adherence to the ESOMAR Code of Conduct underscores our commitment to ethical research practices. We maintain strict controls over data sharing and usage; copying or distributing our data is prohibited under our company policy. Furthermore, all necessary agreements are in place for any third-party material used, ensuring full compliance with copyright laws and industry best practices.
  • Limitation of Liability:
    While we strive to provide high-quality, timely market insights, the data is derived from a limited sample and should be interpreted within that context. We are not liable for any damages arising from the use of this data, as it is provided solely for informational purposes and as a directional indicator of market trends.

By integrating ESOMAR's ethical guidelines into our research methodology, we ensure that our practices are transparent, respectful of data confidentiality, and aligned with internationally recognized standards. This commitment not only reinforces the credibility of our insights but also builds trust with our stakeholders and industry partners.

Trump Administration to Impose 25% Tariffs on Mexico and Canada

Trump Administration to Impose 25% Tariffs on Mexico and Canada

Posted on January 24, 2025   |  

President Donald Trump announced a significant shift in North American trade policy, declaring a 25% tariff on imports from Mexico and Canada starting February 1, 2025. This decision marks a notable change in the administration’s trade strategy, with potential implications for American consumers and businesses.
 

Trade Policy Highlights:
 

25% Tariffs on Mexico and Canada

  • Effective from February 1, 2025
  • Expected to impact prices for American consumers due to increased costs of imported goods
     

Broader Trade Policy Under Review

  • An executive action signed by Trump outlines a more comprehensive trade policy for his second term
  • Key objectives include addressing trade deficits, unfair practices, and existing agreements
     

Focus on USMCA

  • Agencies directed to assess the impact of the US-Mexico-Canada Agreement (USMCA)
  • Potential re-evaluation of America’s participation in the free trade agreement
     

Exploration of New Strategies

  • The administration is tasked with creating an “External Revenue Service” to manage tariff collections
  • Efforts include using trade policy to address the flow of fentanyl and undocumented migration
     

Potential Retaliation and Economic Risks

  • Experts warn that these tariffs could provoke retaliatory actions from Canada and Mexico
  • Concerns over increased costs for American consumers and potential inflationary effects
     

Industry and Expert Reactions:
 

Economic Implications

Economists fear that heightened tariffs may reignite inflation and destabilise markets. New research indicates that tariffs are likely to increase costs on goods such as electronics, toys, and chemicals, directly impacting consumers.
 

Expert Opinions

  • Judge Glock, from the Manhattan Institute, cautioned against undermining the USMCA, citing risks to future trade negotiations
  • Clark Packard of the Cato Institute labelled the 25% tariffs a "serious mistake," potentially violating trade agreements
     

Internal Administration Debate:


Trump's economic advisors are divided. While some favour a gradual approach to tariffs, others advocate immediate and aggressive measures. The discussion extends to the legal basis for such tariffs, including invoking emergency powers.
 

Economic Context:
 

Trade Dynamics with Mexico and Canada

  • In 2024, imports from Mexico and Canada totalled $475 billion and $418 billion, respectively
  • Combined, these nations account for 30% of all US imports
     

Potential Consumer Impact

  • Tariffs could raise costs on goods ranging from transportation equipment to sporting goods
  • Retaliatory tariffs might harm US exports, including autos, soybeans, and whiskey
     

Future Outlook:

Trump emphasised that his policies aim to prioritise American workers and industries while using tariffs as a negotiating tool. However, mainstream economists remain concerned about potential fallout, including trade wars and economic instability.
 

Trump’s commitment to fulfilling his campaign promises leaves room for both immediate and long-term impacts on global trade and domestic markets. As developments unfold, the specifics of these policies will play an integral role in shaping their economic consequences.
 

For more updates on this, subscribe to our newsletter today. Also, explore our comprehensive Market Data Hub for real-time insights and smart data-driven analysis.