Produce, Auto Parts, Electronics: How Mexico Tariff Could Cost Consumers

2/8/2017 CBS DWF

produceLAREDO The economic impact of President Trump’s executive order to build a U.S./Mexico border wall is already being felt in Laredo.

It’s the largest port of entry for imported goods from Mexico where every day some 12,000 trucks cross over.

“This is the most important bridge on the border. Forty percent of the traffic crosses through Laredo, and most of that traffic crosses through this particular bridge,” said President of Laredo’s Chamber of Commerce, Miguel Conchas.

He said that last year Laredo saw some $280 billion in goods cross the border.

“We see everything under the sun that comes through. Electronics, auto parts, and produce.”

And now that the Trump administration is considering a 5 to 20 percent tax increase on the goods to pay for the controversial border wall, many importers who deal in produce are left concerned how it will impact their business.

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