In Laredo, Texas, economic experts are weighing in on the potential fallout from tariff threats against Mexico and Canada. Following a 30-day tariff reprieve announced by President Trump on February 3, local residents worry about rising grocery costs, particularly for staples like avocados. TAMIU student Andrea Martinez notes her family’s grocery bills are already concerning, hinting at a grim future if tariffs go ahead.
According to Dr. Daniel Covarrubias from TAMIU’s Texas Center for Economic and Enterprise Development, if the tariff negotiations stall, consumers will soon experience the pinch. “The first impacts that will be felt will affect people like you and me. We’re gonna feel it in the grocery store,” he explained, emphasizing that nearly 40% of produce in supermarkets is imported, primarily from Mexico.
As Dr. Covarrubias pointed out, essential items such as bell peppers, tomatoes, and berries are at risk of price hikes if tariffs are enforced. Since these perishables have limited shelf life, grocery stores are under pressure to maintain supply, ultimately passing increased costs onto consumers. Thus, shoppers in Laredo could soon see their grocery bills skyrocket.
The automotive sector may not escape unscathed either. “Auto parts are also assembled in all three countries. By the time they’re finished, they would have crossed the border 5 to 10 times,” Covarrubias stated, foreseeing vehicle prices soaring by $2,000 to $10,000 should tariffs remain long-term.
Economic experts in Laredo, Texas, caution that upcoming tariffs on goods from Mexico and Canada could drastically increase grocery prices, impacting local families. Key items such as avocados and auto parts may become significantly more expensive. Tariff negotiations remain unresolved, leaving consumers anxious about rising costs.
Overall, the discussions about tariffs evoke a sense of uncertainty not only for the local community but also for consumers’ wallets. Grocery prices may soar dramatically, and the automotive industry could see significant cost increases. Laredo residents are urged to stay updated, as the ripple effects of these policies unfold, potentially reshaping their shopping experiences and local economy.
Original Source: www.kgns.tv
