One risk of closing the U.S. border with Mexico? Prices may spike, including those of avocados:
Haas avocados are far from the biggest U.S. import from Mexico, but soaring prices of the popular buttery fruit offer a taste of how the economy could be harmed if President Donald Trump closed the border.
A carton of standard-sized Haas avocados that enters the U.S. through Texas briefly rose to $44 this week from less than $30 in the early months of 2019, according to data from the U.S. Agricultural Department. Exorbitant prices or a shortage of avocados, though, wouldn’t be the biggest problem for Americans if the border were closed. Other products that underpin the U.S. economy could suffer even more.
The supply chains for other key industries — such as energy, technology and medical care — are closely tied to Mexico as well.Yet few products produced by Mexico have so captivated the attention of Americans as the avocado. The nation’s love affair took root in the early 2000s after the popular media played up the health benefits of the nutrition-packed fruit.
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