Mexico is the largest provider of U.S. vegetable and fruit imports, contributing to 64% and 46% of respective imports in 2021. This dominance has led to a significant increase in Mexico's horticultural exports, resulting in potential price hikes for consumers due to lower labor costs and favorable seasonality.
And among the countries of origin for those products, Mexico is the biggest contributor — meaning U.S. consumers could see higher prices for a range of grocery and produce items ifOverall, Mexico made up 64% of U.S. vegetable imports and 46% percent of U.S. fruit and nut imports in 2021, according to the data from UC Davis. Between 2000 and 2021, the value of Mexico ’s horticultural exports into the U.S. quadrupled, the university estimates.
Beer is included in those categories and a huge share of American drinkers could face higher costs too, given the popularity of Corona and Modelo, the latter of which is now the No. 1 brew in the U.S. Mexico’s gains as a source of U.S. food imports are the result of lower labor costs — in some cases one-fifth those of U.S. farm worker compensation — and more favorable seasonality, meaning in certain cases, the products come in fresher because they can be grown year round.Trump has insisted that countries of origin would pay the cost of any tariffs his administration seeks to impose. Yet economists say that in most instances, the importing companies — which in theory would be based in the U.S.
Meanwhile, those same economists continue to sound the alarm that Trump's overall tariffs proposals, which would also include slapping 25% duties on Canadian imports and an additional 10% levy on Chinese goods, would reignite inflation. In a new note, analysts at Goldman Sachs Yet the analysts also insisted Trump's announcement appears to be more of a"negotiating tactic" rather than an avowal of action.
Mexico U.S. Imports Grocery Prices Vegetable Imports Fruit Imports
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