Tariffs on Mexican imports may increase the price you pay for apples

Liz Sanchez and Kai Ryssdal May 31, 2019
HTML EMBED:
COPY
Sean Gallup/Getty Images

Tariffs on Mexican imports may increase the price you pay for apples

Liz Sanchez and Kai Ryssdal May 31, 2019
Sean Gallup/Getty Images
HTML EMBED:
COPY

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.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.