The latest 25% tariff on Mexican imports is set to make waves in American householdsâand your grocery bill might be one of the first places you feel it. With Mexico being Americaâs largest trading partner, the U.S. imported $506 billion worth of goods from Mexico in 2024. Now, with Mexico hinting at retaliatory tariffs, prices on everyday essentials could be heading sky-high.
Last week, ReadySetLoan broke down how tariffs on Canadian goods could impact your day. Today, weâre diving into the rising costs of Mexico-imported productsâand how they could hit your weekend plans harder than you expect.
đĽ Breakfast Budget Buster: Avocados
Youâre making a fresh omelet when you realize you skipped the avocadoâbecause it was outrageously priced at the supermarket this week.
đˇ 90% of avocados in the U.S. come from Mexico, totaling $3.4 billion in imports last year. Expect that guacamole to cost you extra.
đ¤ Boat Dreams on Hold: Watercraft Costs Rise
Out for a weekend cruise with a friend, you think about buying your own boatâuntil you remember prices shot up 25% overnight.
đˇ 85% of outboard motorboats, rowboats, and canoes imported to the U.S. came from Mexico in 2024, totaling $568 million.
đş Beer Budget Takes a Hit
You crack open a cold oneâonly to realize you only bought a six-pack because prices have soared.
đˇ 83% of imported beer in the U.S. comes from Mexico, with $6.2 billion worth brought in last year. Cheers to that... if you can afford it.
đ Watermelon Woes: Fruit Prices Climbing
A quick grocery run reveals jaw-dropping prices for barbecue essentials.
đˇ 95% of watermelons imported to the U.S. (April-November) come from Mexico, adding up to $273 million in imports.
đ˝ Corn Costs on the Rise
Sweet corn on the grill? Not at these prices!
đˇ 87% of sweet corn imports come from Mexico, worth $78 million last year.
đš Margarita Sticker Shock
Itâs time for a refreshing margarita, but a glance at the liquor store receipt makes you do a double take.
đˇ Nearly 100% of tequila imported to the U.S. is from Mexico, totaling $5.2 billionâand prices are climbing.
đ Sour Squeeze on Limes
Trying to cut costs, you water down your margarita and skip the fresh lime garnish.
đˇ 81% of limes imported to the U.S. come from Mexico, with $66 million worth of imports in 2024.
đĄ Whatâs Next?
Tariffs donât just impact groceries and leisureâthey can affect home construction, loan rates, and even the cost of homeownership itself.
At ReadySetLoan, we keep a close watch on economic trends that could impact homebuyers and homeowners alike.
Want to stay ahead of the market? Connect with ReadySetLoan to make informed financial movesâbecause these price hikes might not stop at the supermarket.
đˇ Stay tuned for the next Market Snout-Out! đĄđ°đ
Comments