elect Donald Trump carries out his threat to impose tariffs on Mexico.
Trump said last week he would slap a 25 percent tariff on goods from Mexico and Canada if they didn’t stop the flow of migrants and the deadly opioid fentanyl over their borders.
... American consumers would be hurt, too, according to economists. Tariffs are basically a tax on foreign goods; importers probably would have to raise their prices to compensate.
Mexico makes all kinds of things the average American uses. It manufactures 88 percent of the pickups sold in America; a 25 percent tariff could add about $3,000 to the price tag of that new Ford or GM truck, ... Mexico supplies around half of America’s imported fruit and two-thirds of imported vegetables, in dollar terms — tomatoes, berries, bell peppers, cucumbers. ... Most of the imported beer that Americans swig is brewed in Mexico.
About 18 percent of all the beer drunk in the United States is imported, according to the Beer Institute, which represents the American beer industry. Mexico supplies roughly 4 of every 5 gallons. Last year, a Mexican beer, Modelo Especial, became the top-selling brew in the United States, in dollar terms. ...
Take that Mexican beer. It might be made with barley from Idaho, Montana or North Dakota. Mexico doesn’t produce enough of its own barley for its booming cerveza industry. American farmers have happily watched their total exports of malted barley (one of the main ingredients in beer) roughly triple since 2000, to 318,673 tons last year. A whopping 97 percent of that went to Mexico. If Mexican beer in the United States becomes pricier — and sells less — that could wind up hitting barley producers. (read it all)
Rod's Comment: Trumpinistas respond, "Real Americans don't drink Mexican beer."
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