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Bad News For Brunch: Avocado Prices Jump After Trump Tariff Threat

Avocado Farming And Harvest As Colombia Releases Trade Balance Figures
Photographer: Eduardo Leal/Bloomberg

Avocados, berries and asparagus -- some of the ingredients favored by American millennials for a perfect brunch -- just got more expensive thanks to Donald Trump’s latest salvo on Mexico.

The U.S. President rattled global markets by imposing a 5% tariff on Mexican goods and threatening to increase it to 25%. The lower rate will take effect on June 10 and won’t be lifted “until such time as illegal migrants coming through Mexico, and into our country, STOP,” Trump said in a Twitter post. Mexico, the biggest buyer of American corn, said it doesn’t want a trade war and won’t retaliate until the countries discuss the issue.