Economic experts talk about the effects of possible tariffs – KGN

Laredo, Texas (KGNS) – On February 3, President Donald Trump agreed to a 30 -day pause on tariff threats against Mexico and Canada in exchange for increased borderline security against drug trafficking.

Here at home we talked to a professor of Economics in Texas A&M International University (Tamiu), who destroyed what would happen if the tariffs pass.

For many Laredoans, like Tamiu student Andrea Martinez, the price of groceries is already too high. “My mother tells me she spends much more on groceries than before. Sometimes we spent up to $ 200 or $ 250 per move. “

Now, with a proposed increase in tariffs on imported goods from Mexico and Canada by President Trump, the provision of grocery can become a struggle.

Martinez added: “It seems to be affecting her (Martinez’s mother) because she says it was not so high before, especially avocado as we include it a lot in what we eat. This would increase how much we spend on food for sure. “

Director of the Texas Center for Economic and Development of Enterprises in Tamiu, Dr. Daniel Kovarubias, told us that after this 30-day pause, if an agreement was not reached between the Mexican president, Kaludia Shainbum, the Prime Minister of Canadian Trudo and President Trump President Trump , Users could see and feel the short and long -term impact in our community very soon.

Noting: “The first effects that will be felt will affect people like you and me. We will feel it in the grocery store, the first place where we can feel it. Why? As 40% of the production that sits on shelves and supermarkets is imported. 2/3 of this comes from Mexico. “

These are peppers, berries, tomatoes, avocados and cucumbers. Cobarrubias added that as these items have a very short shelf life, supermarkets must constantly introduce new shipments a week to meet the search.

Mention: “Companies will not take these rates, so they will translate this to consumers. This is one of the first places that people like you and me will feel it. “

Covarrubias says food will not be the only thing that affects consumers, as the automotive industry can also be influenced. “Automatic parts are also assembled in all three countries. By the time they finished, they would cross the limit from 5 to 10 times. So, the tax or tariff will not be imposed on those 8 to 10 times, but will increase the price of cars anywhere from 2000 to $ 10,000 depending on cars. “

He adds that if the tariffs are applied and continued long, the city of Laredo can be affected. “If these truck crossings begin to decrease, then you will see problems of the city of Laredo. This part of their budget depends on the fees they collect from those trucks that enter Mexico, so if these truck crossings start to reduce, you can see this type of problem. “

At the moment, uncertainty continues until a decision is made. Covarrubias noted that those who decide to shop food in Mexico to save money may be facing higher costs as Mexico plans to impose rates for goods imported from the US

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