Some New Hampshire businesses are worried about the impact of potential new tariffs against Mexican imports President Donald Trump has threatened to impose.Trump said Thursday he would impose a 5 percent tariff on all Mexican imports on June 10 unless the country stops the flow of Central American migrants into the United States. Experts said the tariffs could eventually raise the price of a wide range of products, from beer to automobiles, for U.S. consumers.Some New Hampshire businesses have a manufacturing presence in Mexico or rely on exports. Much of the fresh produce in U.S. grocery stores is grown in Mexico.”It is going to impact when we go grocery shopping because it’s going to be more expensive,” said Bibiana Estrada, of Sandown. “A lot of the produce is from Mexico: the fruit, even the avocados.”Kevin Daigle, of the New Hampshire Grocers Association, said low-income consumers would be hardest hit by the proposed tariffs. Trump said he would raise the tariffs to 25 percent by October if Mexico hasn’t stemmed the flow of migrants.Daigle said stores will try to hold off on passing the cost along, amid slim margins and other tariffs already in place.”Whether it’s China, Canada or Mexico, you’ve got produce, you’ve got commodities you’ve got seafood, even aluminum, your soda cans, your beer cans,” Daigle said.A local auto dealer told News 9 he’s not sure if or how his business would be affected, but Cody Lusk, president of the American International Automobile Dealers Association, said the effects could be damaging.”Tariffs on Mexican imports will result in self-inflicted damage that the U.S. auto industry, which supports 7.25 million American jobs, is not prepared to absorb,” he said.The New Hampshire Food Bank is concerned about prices being passed onto consumers and taking a bite out of donations.”We will look at
NH businesses, consumers, food bank worry about effects of threatened tariffs
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