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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
FinanceU.S.-Mexico Border Wall

Trump’s 20% Mexico Import Tax Will Affect Your Dinner

By Fortune Video
January 27, 2017, 1:04 PM ET
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President Donald Trump has suggested a 20% tax on goods imported from Mexico. It is expected to increase the prices of cars, clothes, food and drinks.

The U.S. imported $21 billion of food and drinks from Mexico in 2015, according to U.S. Department of Agriculture. Here is a breakdown of how much we spend on different items.

  • Fresh vegetables: $4.84 billion on vegetables such as tomatoes, chili peppers, and onions
  • Fresh fruit: $4.28 billion on raspberries, strawberries, avocados, and other fruits
  • Wine and beer: $2.7 billion of alcoholic beverages including Corona
  • Snack foods: $1.72 billion

The new tariff is proposed to pay for building the U.S.-Mexico border, which Mexico’s president has refuted many times over.

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