Experts warn Trump's tariff plan risks surging US fruit and vegetable prices

Published 2024년 11월 27일

Tridge summary

U.S. President-elect Donald Trump's proposed 25% tariffs on goods from Mexico and Canada could lead to increased prices and potential shortages of fresh fruits, vegetables, and avocados in 2021. Mexico and Canada are the top agricultural exporters to the U.S., with a combined import value of nearly $86 billion in the previous year. Mexico provides two-thirds of U.S. vegetables and half of U.S. fruits and nuts, and is the primary source of avocados, accounting for nearly 90% of global exports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Agricultural economists and industry executives say U.S. prices for avocados, strawberries and other fresh fruits and vegetables could rise next year, and consumers could face shortages if U.S. President-elect Donald Trump moves forward with plans to impose tariffs on goods from Mexico and Canada. Trump, who is due to take office on Jan. 20, announced Monday night that he would slap a 25 percent tariff on Canadian and Mexican imports until the two countries address drug problems, particularly fentanyl, and border smuggling. Lance Jungmeyer, president of the Fresh Fruit and Vegetable Association (FPAA), said Tuesday that U.S. consumers will face shortages at both grocery stores and restaurants. Mexico and Canada are the top two agricultural exporters in the United States, with a combined import value of nearly $86 billion last year, according to the U.S. Department of Agriculture and Customs. Mexico is the source of about two-thirds of U.S. vegetables and half of U.S. fruits ...
Source: RYT9

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