Mexican Food Prices To Soar With New Tariffs
Wednesday, June 12th, 2019 | 153 Views
American consumers will feel the impact of a new tariff imposed on Mexican goods as Mexico is the second largest exporter to US. The US government will be imposing a five percent tariff on all Mexican imports effective from June 10 which could be gradually raised to 25 percent by October.
Half of food imports from Mexico are fruits and vegetables—95 percent and 90 percent of strawberries and avocados are imported from Mexico respectively. US$12 billion fruits and vegetables are consumed a year, according to the US department of agriculture. The tariff will drive up the costs for fresh produces and consumers are expected to pay an extra US$ 3 billion for fruits and vegetables, according to the Fresh Produce Association of the Americas (FPAA). Besides fruits and vegetables, beverages, meat and cereal will also be impacted.
Eating healthy is going to be more expensive and this will add on to the obesity epidemic. According to the Centers for Disease Control and Prevention, 39.8 percent of American adults are obese.
“This is a tax on healthy diets,” said Lance Jungmeyer, president of FPAA.