Avocados, beer and flat-screen TVs: How much Trump's Mexico tariffs could cost you. (via CNBCMakeIt)
that the tariffs could have significant impact on the avocado trade, with the U.S. importing 85% of its Hass avocados from Mexico last year. Chipotle stock dropped 3% on Friday, as investors worried about how the restaurant chain would be impacted by the increased avocado costs.
Mark Hamrick, senior economic analyst at Bankrate.com, says imposing tariffs to fix an immigration problem is akin to "fielding a baseball team for a football game. It doesn't compute and is likely counter-productive." "While the federal income tax cut gave consumers and corporations additional ability to spend, billions of dollars in tariffs on Mexican imports does just the opposite and worse," Hamrick added in a statement to
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