Tariffs on Mexican imports may increase the price you pay for apples
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The Trump administration announced this morning a new tariff on Mexican imports. The proposed goal of the imports tariff is to stop the flow of immigrants across the U.S.-Mexico border, according to the New York Times.
In light of this news, Marketplace decided to check in with a regular on the show, Patrick Smith of Loftus Ranches, a family-run farm that grows apples and hops in Washington state.
Washington produces a large majority of the nation’s apple supply, and Mexico is the biggest export customer of Washington’s apples.
“Exports of U.S. apples are down about 30% year over year after a number of years of solid growth,” Smith told Marketplace. “That just backs up a lot of the product into the U.S. market and throws a lot of uncertainty into the mix.”
Click the audio player above to hear the conversation.
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