Tariff Impacts Will Be Felt in the Produce Aisle
On Thursday, May 30th, President Donald Trump announced a proposed tariff on Mexican goods entering the United States as a measure to pressure the Mexican government into doing more to stop illegal migrants from funneling through their country and into the U.S. “On June 10th, the United States will impose a 5% tariff on all goods coming into our country from Mexico, until such time as illegal migrants coming from Mexico, and into our country, STOP,” Trump wrote. “The tariff will gradually increase until the illegal immigration problem is remedied at which time the tariffs will be removed.” This comes after attempts to pass the United States-Mexico-Canada Agreement (USMCA), a revision of the current NAFTA agreement that is so vitally important to improving the North American economy. These new tariffs could be very counterproductive to this measure being ratified by all three countries.
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