Tariffs on Mexican imports may increase the price you pay for apples
Tariffs on Mexican imports may increase the price you pay for apples
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.
Stories You Might Like
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?
