Business leaders in South Texas are worried about managing the impact of a new 5% tariff on all Mexican imports.
"It forces us to open up dialogues with the retailers to make sure they understand that these costs at the end cannot be afforded solely by the company," says Aaron Acosta head of corporate relations at Villita. "Sooner or later they're going to affect the retail price."Business leaders in South Texas generally worry about how to manage the uncertainty and the impact on the local economy.
He says Mexicans traveling to the McAllen metro area spend more than a billion dollars annually in the local economy. Any negative impact to the Mexican economy because of tariffs will translate to the McAllen economy, too. Already bridge operators are protesting the tariffs. Customs brokers sent a letter to Trump explaining they don't have the mechanisms in place for collecting or enforcing tariffs in time for Monday.
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