Power
Avocado halves pattern with hard shadow and trendy lighting on yellow background
Avocados (Getty Images)

Tariffs on Mexican goods are getting ready to hit you right in the avocados

Here’s how Trump’s Mexico tariffs might affect your day-to-day.

The effects of the Trump administration’s new 25% across-the-board tariffs on Mexican imports will be hard to miss. Mexico is, after all, America’s largest trading partner. The US imported $506 billion worth of goods from Mexico in 2024, and Mexico imported $334 billion worth of American goods. Mexican leaders say they’re baffled by Trump’s actions and will be announcing a raft of retaliatory tariffs soon. 

Yesterday we looked at a day in the life of Canadian tariffs. Today, let’s take a look at all the things you might encounter during a typical day that are likely to have been imported from Mexico.

It’s the weekend. You wake up a little groggy from your night at the pub. Nothing that a good omelette won’t fix. You whip up some eggs and chop some vegetables. That’s when you realize you are out of avocados, because their price was outrageous at the supermarket this week. 

🥑 90% of avocados imported to the US come from Mexico. The US imported $3.4 billion worth in 2024. 

After breakfast, you head to the marina, where you meet a friend for an outing on their boat. As you speed across the water, you think about how nice it would be to have a really nice boat of your own. But last time you looked, the prices had shot up 25%, making them further out of reach...

🚤 85% of outboard motorboats, rowboats, and canoes imported to the US came from Mexico in 2024. The US imported $568 million of these watercraft in 2024.

While out on the boat, you open your cooler and pop open a frosty beer (maybe one of Constellation Brands’ Coronas). But you only picked up a six-pack, as they have gotten so expensive recently. 

🍺 83% of beer imported to the US comes from Mexico. The US imported $6.2 billion worth of beer from Mexico in 2024.  

It’s getting late! You need to run to the grocery store to pick up some things for the barbecue dinner you’re hosting tonight. Hold up — when did watermelons get so expensive?!

🍉 95% of the watermelons imported to the US (between April 1 and November 30) come from Mexico. $273 million worth were imported to the US in 2024.  

You hop to the other side of the produce section to grab some sweet corn to throw on the grill. Yikes! Even corn has gotten pricey. 

🌽 87% of sweet corn imported to the US comes from Mexico. The US imported $78 million worth in 2024. 

After the stress of trying to shop for groceries, you start making a batch of margaritas. You do a double take at your receipt from the liquor store. Tequila prices have shot up, too! Technically, tequila can only be called tequila when its made in Mexico, so there’s no way around this one.

🍹 Almost 100% of the tequila imported to the US comes from Mexico. The US imported $5.2 billion worth in 2024. 

You take a sip of your cold margarita, but it tastes a little rough because you watered it down with a lot with a mixer and passed on the fresh limes. 

🍋‍🟩 81% of the limes imported to the US come from Mexico. The US imported $66 million worth in 2024. 

As you throw back the drink, you wonder what could be next. 

Source: United States International Trade Administration.

More Power

See all Power
power
Jon Keegan

Trump pulls tech execs even closer, adding Zuckerberg, Huang, Ellison, and others to tech council

President Trump has had a close relationship with America’s biggest tech leaders. They have flown across the world for investment announcements, attended intimate dinners at the White House, donned tuxedos and white ties for royal banquets, and have been known to bring golden gifts to him in the Oval Office.

Today he brings them in even closer. The White House announced that Nvidia CEO Jensen Huang, Meta CEO Mark Zuckerberg, and close pal and Oracle cofounder Larry Ellison will join a new President’s Council of Advisors on Science and Technology, along with 10 other tech leaders including Dell founder Michael Dell and Google cofounder Sergey Brin.

According to the White House, the group will “focus on topics related to the opportunities and challenges that emerging technologies present to the American workforce, and ensuring all Americans thrive in the Golden Age of Innovation.”

The full list of appointees:

Today he brings them in even closer. The White House announced that Nvidia CEO Jensen Huang, Meta CEO Mark Zuckerberg, and close pal and Oracle cofounder Larry Ellison will join a new President’s Council of Advisors on Science and Technology, along with 10 other tech leaders including Dell founder Michael Dell and Google cofounder Sergey Brin.

According to the White House, the group will “focus on topics related to the opportunities and challenges that emerging technologies present to the American workforce, and ensuring all Americans thrive in the Golden Age of Innovation.”

The full list of appointees:

power
Saleah Blancaflor

Prediction markets show a tight (and tightening) Illinois Democratic Senate primary

It’s primary election time in Illinois, and as voters in the state head to the polls on March 17, there are a few races to watch closely across both parties.

While polls show that Darren Bailey is leading in the Republican race for governor, the primary election for a rare seat in the Democratic Senate to replace Sen. Dick Durbin is proving to be a tight one.

Loading...
 

At the top of the 10-candidate race are Raja Krishnamoorthi, Lt. Gov. Juliana Stratton, and Robin Kelly. Krishnamoorthi, a lawmaker from Chicago’s 8th Congressional District, was an early front-runner, received funding and support from several Congress members for the seat. Kelly, who represented the South Side’s 2nd Congressional District, has support from the Congressional Black Caucus and South Carolina Rep. Jim Clyburn. Meanwhile, Stratton has been endorsed by Gov. JB Pritzker, whose administration she used to work for, as well as Sen. Elizabeth Warren.

While polls suggested that Krishnamoorthi was favored to win, Stratton has seen a boost and late surge, though Krishnamoorthi still remains close behind. Capitol News Illinois reports that Illinois Future PAC, funded by Pritzker, has spent more than $10 million on ads elevating Stratton. Meanwhile, two PACs affiliated with the crypto industry have attempted to attack Stratton and promote Kelly. Indian American Impact, which endorsed Krishnamoorthi, reportedly employed similar tactics against Stratton.

Political insiders tell Capitol News Illinois the race could go either way, but they still expect Krishnamoorthi to come out on top. Prediction markets currently show that Stratton narrowly leading Krishnamoorthi.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Loading...
 

At the top of the 10-candidate race are Raja Krishnamoorthi, Lt. Gov. Juliana Stratton, and Robin Kelly. Krishnamoorthi, a lawmaker from Chicago’s 8th Congressional District, was an early front-runner, received funding and support from several Congress members for the seat. Kelly, who represented the South Side’s 2nd Congressional District, has support from the Congressional Black Caucus and South Carolina Rep. Jim Clyburn. Meanwhile, Stratton has been endorsed by Gov. JB Pritzker, whose administration she used to work for, as well as Sen. Elizabeth Warren.

While polls suggested that Krishnamoorthi was favored to win, Stratton has seen a boost and late surge, though Krishnamoorthi still remains close behind. Capitol News Illinois reports that Illinois Future PAC, funded by Pritzker, has spent more than $10 million on ads elevating Stratton. Meanwhile, two PACs affiliated with the crypto industry have attempted to attack Stratton and promote Kelly. Indian American Impact, which endorsed Krishnamoorthi, reportedly employed similar tactics against Stratton.

Political insiders tell Capitol News Illinois the race could go either way, but they still expect Krishnamoorthi to come out on top. Prediction markets currently show that Stratton narrowly leading Krishnamoorthi.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

US-POLITICS-CONGRESS-AI

Anthropic sues the US government

In response to the Pentagon’s unprecedented, punitive determination that Anthropic is a national security supply chain risk, the AI startup has sued the US government.

power

OpenAI is reportedly working with Pentagon to hash out guardrails amid Anthropic standoff over AI safety

OpenAI CEO Sam Altman said the company is working with the Pentagon to negotiate safety guardrails for AI models used in the battlefield, which comes as one of its top competitors, Anthropic, is at a standoff with the government.

According to a memo obtained by several media outlets, Altman told staff OpenAI believes “that AI should not be used for mass surveillance or autonomous lethal weapons, and that humans should remain in the loop for high-stakes automated decisions. These are our main red lines.”

Anthropic, the company behind the AI chatbot Claude, was one of several firms that received a $200 million contract from the Department of Defense for “agentic workflows.”

Since then, tensions between Anthropic and the Pentagon have reportedly risen as the startup insists on surveillance restrictions. The government’s attack on Venezuela last month that led to the capture of President Nicolás Maduro reportedly involved the use of Anthropic’s Claude AI models for planning, which caused the startup to push back on the alleged violation of its terms of use.

Anthropic has until 5:01 p.m. ET on Friday to reach a deal with the Pentagon, which has threatened consequences against the company if it doesn’t allow the government unrestricted use.

Altman’s comments come as the Financial Times reports that executives at Amazon, Google, and Microsoft are being pushed by workers to support Anthropic in its dispute with the Pentagon and adopt similar guardrails as the Claude company in any work they undertake with the US military.

According to a memo obtained by several media outlets, Altman told staff OpenAI believes “that AI should not be used for mass surveillance or autonomous lethal weapons, and that humans should remain in the loop for high-stakes automated decisions. These are our main red lines.”

Anthropic, the company behind the AI chatbot Claude, was one of several firms that received a $200 million contract from the Department of Defense for “agentic workflows.”

Since then, tensions between Anthropic and the Pentagon have reportedly risen as the startup insists on surveillance restrictions. The government’s attack on Venezuela last month that led to the capture of President Nicolás Maduro reportedly involved the use of Anthropic’s Claude AI models for planning, which caused the startup to push back on the alleged violation of its terms of use.

Anthropic has until 5:01 p.m. ET on Friday to reach a deal with the Pentagon, which has threatened consequences against the company if it doesn’t allow the government unrestricted use.

Altman’s comments come as the Financial Times reports that executives at Amazon, Google, and Microsoft are being pushed by workers to support Anthropic in its dispute with the Pentagon and adopt similar guardrails as the Claude company in any work they undertake with the US military.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Derivatives, LLC, or Robinhood Money, LLC. Futures and event contracts are offered through Robinhood Derivatives, LLC.