Avocados, Beer, Chilli Peppers And Tequilla: Expect Soaring Prices Under A Mexican Border Tax
by Tyler Durden
ZeroHedge.com
Jan 26, 2017
While the White House floated, then quickly backed off, a proposal for a 20% tax on Mexican imports to “pay for the wall”, in addition to collecting an approximate $10 billion per year in tax revenues, there would be a notable flipside to a tax that would raise prices on Mexican imports by up to 20%, and would immediately affect a wide range of agricultural goods. Mexico exported $21 billion of food and drink north of the border in 2015, according to data from the U.S. Department of Agriculture, making Mexico the 2nd largest supplier of agricultural imports to the US.
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