As Mexican avocado prices surge, experts warn that if President Donald Trump follows through on his threat to shut the border, they’ll go even higher.
Avocado prices are surging and they could go significantly higher if President Donald Trump follows through on his threat to shut the U.S.-Mexico border over the issue of immigration.
Steve Barnard, president and chief executive of Mission Produce, the world’s largest distributor and grower of avocados, told Reuters that Trump could not have picked a worse time of year because Mexico currently supplies almost 100 percent of America’s avocados. For example, according to the Drug Enforcement Administration, most of the illegal drugs entering the U.S. via Mexico are smuggled through ports of entry, not across unwalled border.
America has a trade deficit with Mexico—meaning it imports more than it exports—because its economy is larger and stronger. U.S. businesses can reduce their costs by importing cheaper goods from Mexico and using labor there, increasing their profitability and allowing them to invest in expansion.
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