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It's not only about avocados and auto parts. Imports from Mexico can be found in almost every part of the US economy.In the first three months of the year, Mexico has moved past Canada and China to become the United States' largest trading partner, in terms of the value of goods moving back and forth over the border, with about billion a month in imports and exports so far this year.The tariffs President Donald Trump has threatened against Mexico would be broad, covering basically everything coming north across the border. They aren't targeted, the way tariffs are typically levied. The impact on business, consumers and the economy could be similarly widespread."This is going to be felt by every sector and it's going to be felt by consumers. Not just by businesses. Not just the auto industry. It's going to be felt more widely and deeply than previous tariffs were felt," said Neil Bradley, chief policy officer for the US Chamber of Commerce.Economists, stunned by the Trump administration's recent action against Mexico, were not prepared to make predictions about how much prices will increase for Americans, because they never considered such an action would take place. Blindsided businesses haven't had time to determine how to replace existing supply chains with other sources, adding stress to American companies.But some industries could be particularly hard-hit by tariffs on Mexican goods.AutosThe United States imported billion of auto parts from Mexico last year and an additional billion in completed cars. Deutsche Bank estimates that if the tariffs reach 25%, it will add an average of ,300 to the price of US cars.Demand for American-made cars could plunge 18% if the tariffs are enacted, according to that estimate. That would be the biggest drop in car sales since the auto industry teetered on ruin ten years ago during the Great Recession.ElectronicsA fifth of computer and electronic equipment imports come from Mexico, according to Goldman Sachs. That's about billion a year in electronics. Mexican televisions, monitor displays and equipment came to more than billion, or more than 35% of those imports.The United States is also set to raise tariffs on imports from China, which is another huge source of electronics. Businesses in that sector probably won't be able to escape increased costs.OilAmerica's oil industry is booming, but Mexico has become an more important source of oil for the United States, because of the cutback in production by Saudi Arabia and other OPEC nations, as well as the virtual halt of oil coming in from Venezuela.Mexico sent about billion worth of oil a month north across the border so far this year. That accounted for about 10% of all US oil imports so far this year -- nearly as much as Saudi Arabia exported to the United States. Gas prices have been stubbornly high this year because of the OPEC and Venezuelan cutbacks, and tariffs on such a significant source of oil could boost prices even further.Wires, cables and conductorsThe United States imports billion worth of Mexican wires, cables and conductors: about 50% of America's imports in the market. Although it's not the type of product that many consumers think about, American manufacturers use the components to make all types of goods.The the low-cost supply from Mexico makes the American goods they go into competitive.Food productsEating healthy is going to get more expensive with a 25% tariff on the billion worth of vegetables imported from Mexico. About 35% of all vegetable imports to the United States come from Mexico.Add in beverages, meats and cereal and Mexican food imports top billion, or about 26% of all imported food to the Untied States, according to Goldman Sachs' figures.A 25% tariff on avocados would raises costs in the United States by 5 million each year, said Johan Gott, principal at consulting firm AT Kearney. Tomatoes would cost 0 million more. Cucumbers prices would rise by 6 million, and asparagus would cost Americans 7 million each year.If the tariff remains at 25%, the cost to the beer industry will be 4 million per year, according to the Beer Institute, a trade association for the brewing industry.Air conditioners, refrigerators, furnaces and ovensMexico exported .4 billion worth of appliances to the United States last year, which amounted to 44% of American imports in that sector, according to Goldman Sachs.Dishwashers, laundry machines and other household appliances added another .1 billion worth of imports from Mexico.A potentially bigger threatThe tariffs won't apply to the goods that American farmers and manufacturers send to Mexico. But Mexico could quickly levy their own tariffs on US goods."What we've seen in the last year, when one country raises tariffs, retaliation is not far behind," said John Murphy, senior vice president, international affairs, for the US Chamber of Commerce, one of the groups opposing the tariffs."Tariffs are sand in the gears of the economy," he said. "They reduce our competitiveness." 5076

Joe Biden has formally clinched the Democratic presidential nomination, setting him up for a bruising challenge to President Donald Trump that will play out against the unprecedented backdrop of a pandemic, economic collapse and civil unrest. The former vice president has effectively been his party’s leader since his last challenger in the Democratic primary, Bernie Sanders, ended his campaign in April. But Biden pulled together the 1,991 delegates needed to become the nominee after seven states and the District of Columbia held presidential primaries Tuesday. Biden reached the threshold three days after the primaries because several states, overwhelmed by huge increases in mail ballots, took days to tabulate results.Heading into Super Tuesday, Biden was the underdog. He lost contests in Iowa, New Hampshire and Nevada and was struggling to fundraise. Then, Biden scored a huge win in South Carolina on February 29, thanks in large part to endorsements and support from prominent black Democrats in the state. Following the South Carolina race, opponents Pete Buttigieg and Amy Klobuchar dropped out of the race and endorsed Biden. Biden was able to parlay his success in South Carolina into a massive Super Tuesday which catapulted the former vice president from underdog to favorite overnight. As the spread of COVID-19 forced Biden and opponent Bernie Sanders off the campaign trail, Sanders opted to drop out after the Wisconsin primary, leaving Biden standing alone.Biden will formally be nominated in August at the Democratic National Convention. The convention is slated to be held in Milwaukee, but it’s unknown if the coronavirus could interfere with having an in-person event. Biden issued the following statement late Friday:A little more than three months ago I stood on stage in South Carolina and told the American people that ours was a campaign for everyone who has been knocked down, counted out, and left behind. Those words take on an ever greater resonance today, at a time when so many Americans are hurting and have suffered so much loss. So many feel knocked down by the public health and economic crisis we are weathering. So many feel counted out and left behind by a society that has for too long viewed them as less than equal, their lives as less than precious.This is a difficult time in America’s history. And Donald Trump’s angry, divisive politics is no answer. The country is crying out for leadership. Leadership that can unite us. Leadership that can bring us together. We need an economy that works for everyone — now. We need jobs that bring dignity — now. We need equal justice — and equal opportunities — for every American now. We need a president who cares about helping us heal — now. It was an honor to compete alongside one of the most talented groups of candidates the Democratic party has ever fielded — and I am proud to say that we are going into this general election a united party. I am going to spend every day between now and November 3rd fighting to earn the votes of Americans all across this great country so that, together, we can win the battle for the soul of this nation, and make sure that as we rebuild our economy, everyone comes along. Today, I’m once again asking every American who feels knocked down, counted out, and left behind, to join our campaign. Because we aren't just building the movement that will defeat Donald Trump, we are building the movement that will transform our nation. I truly believe that when we stand together, finally, as One America, we will rise stronger than before. This is the United States of America. There is nothing we can’t do, if we do it together. 3674

Is Die Hard a Christmas movie? The world may never come to an agreement on this matter.Lead actor Bruce Willis attempted to put the argument to rest during his Comedy Central Roast earlier this year saying the film doesn't qualify.On Tuesday, film studio 20th Century Fox took to the other side of the argument with a newly recut trailer of the film, making a convincing case to all the naysayers."Facing Christmas 3,000 miles from his estranged wife and two children, New York policeman John McClane (Bruce Willis) flies to Los Angeles bearing presents and hoping to patch up his marriage. Stylish and cool Hans Gruber (Alan Rickman) is in Los Angeles as well for the holiday season, but he's not there to give out presents. He's there to take: more than 0 million in negotiable bearer bonds from the multinational Nakatomi Corporation, where McClane's wife Holly (Bonnie Bedelia) is an executive. When the takeover becomes hostile, it's up to John McClane to take on the terrorists with all the grit and determination he can muster--but not without a sense of humor," the trailer's description reads.Watch the trailer for Die Hard: The Greatest Christmas Story Ever Told below: 1194

KINGFISHER, Okla. – An Oklahoma high school student with cerebral palsy surprised his classmates when he walked across the stage at his graduation. Diagnosed with the condition shortly after birth, Hunter Wittrock has been confined to a wheelchair his entire life, but he wanted to push himself and make the most out of his moment in front of the crowd at Kingfisher High School. Wittrock’s father, Jeff, 417

In a statement released Friday, Sen. Richard Burr (R-North Carolina) claimed he did not use classified information from briefings about the pending coronavirus pandemic before he 191

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