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Trump-Mexico Border War Puts Avocados & Auto Industry at Risk

This week we lost a true legend, Nipsey Hussle. Personally, I was very impacted by his music, what he
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Trump-Mexico Border War Puts Avocados & Auto Industry at Risk
By Hipsternomics  • Issue #67 • View online
This week we lost a true legend, Nipsey Hussle. Personally, I was very impacted by his music, what he stood for as a person, the mindset he preached and championed through his music and interviews, and how he challenged the norms and status-quo of the music industry. If you’ve never listened to any of his music, today’s issue soundtrack is dedicated to Nipsey Hussle.

Top Stories
Border Wars 2: Trump versus Mexico - Trump has threatened to shut down the U.S.-Mexico border as a way to stop illegal immigration, which would also disrupt those who are legally crossing the border and asylum seekers. But immigrants are not the only people who would be impacted by this, because Trump also proclaimed that he would close off trade and commercial ports of entry as necessary, thereby impacting the cost of everyday goods and foods which the US depends on Mexico.
So what goods and industries could be hardest hit? The auto industry which relies heavily on Mexico for importing auto parts, would not survive the border closure for more than one week. Mexico is also the No. 1 importer of tomatoes to the US, Americans would also lose avocados, tequila, and other fresh fruits and vegetables which are imported from Mexico. According to Axios, Mexico was the second largest supplier of goods imports to the U.S. in 2017, which leads economists to predict that prices of your favorite items like avocados will go up at grocery stores and some U.S. industries would temporarily shutdown.
Chart of the week
shopping while drunk?
shopping while drunk?
In Case You Missed It
750,000+ adults may lose food stamps benefit - Trump administration has proposed tighter requirements for SNAP benefits (aka food stamps) as a way to “encourage able-bodied adults to go to work and get off government aid.” As of 2016, about 750,000 of the nearly 4 million adults receiving food stamps did not work. The administration’s new proposal would stop food stamps after 3 months for able-bodied adults who don’t work, volunteer or get job training for at least 20 hours a week,  immediately impacting about 755,000 individuals will not meet the new requirements, about 30,000 of them will be in Maryland.
Whole Foods set to reduce produce prices - Amazon is planning to cut prices on about 500 items at its Whole Foods stores this week, as it aims to lure more consumers to shop there. According to the Amazon documents reviewed by the Journal, the price cuts will be more focused on meats and fresh produce, the prices will be reduced by an average of 20% throughout the store, and are expected to last at least through the end of the year.
Burger King Whoppers goes vegan - BK announced its partnership with Impossible Burger this week to provide vegan patties for its whopper sandwiches in its St. Louis restaurants. This announcement comes less than a month after the fast-food chain also kicked off its $5-per-month unlimited coffee subscription.
Companies Mentioned (YTD performance)
Amazon (+21%)
Thank you for taking the time to read through today’s news brief! If you enjoyed any of these articles, please share, forward to a friend, or reply back with your feedback. This brief was written while listening to “Victory Lap” a Grammy-nominated album by the late Great Nipsey Hussle. May he Rest in Peace.
Have a great week!
Valentine (@vtineike)
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