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President Calderón opted for using price ceilings for tortillas that protect local producers of corn. This price control came in the form of a "Tortilla Price Stabilization Pact" between the government and many of the main tortilla producing companies, including Grupo Maseca and Bimbo, to put a price ceiling at MXN 8.50 per kilogram of tortilla. [6]
President Donald Trump's announcement of tariffs on Mexico and Canada, though delayed for at least one month, could spur a rise in prices paid by consumers for products affected by the tariffs if ...
And it’s not just lumber at risk for tariffs: 71% of the imported $456 million of lime and gypsum (which are used for drywall) came from Mexico in 2023, according to the National Association of ...
The tariffs could also lead to price increases in various U.S. imports from Mexico and Canada, including fruits, vegetables, beer, liquor, and electronics from Mexico and potatoes, grains, lumber, and steel from Canada. [7] [53] Price increases would compound with high inflation in the U.S., especially in grocery prices. [53]
For American consumers still exasperated by high grocery prices, a trade war with Canada, Mexico and China could be painful. In 2023, the U.S. bought more than $45 billion in agricultural products ...
A related government intervention to price floor, which is also a price control, is the price ceiling; it sets the maximum price that can legally be charged for a good or service, with a common example being rent control. A price ceiling is a price control, or limit, on how high a price is charged for a product, commodity, or service.
Tariffs on goods from Mexico and Canada that are set to take effect could hike the price of a gallon of gasoline for some drivers by as much as 70 cents and send grocery bills climbing, experts ...
Mexico became the second Latin American nation to pass a Federal Consumer Protection Law, on February 5, 1976, and later became the first to create an Office for the Prosecutor. [1] By 1982, the Office had 32 representations, one in each state and one in the Federal District .