Just the Fear of a Trade War Is Straining the Global Economy

[ffr]

7. "...sales are down because the price has gone up by nearly one-fifth in the past week alone"

Most of the fresh fruit at his stall was grown in Mexico. But Granny Smith apples nestled in molded cardboard bore the USA label. So did a pile of glistening Gala apples, and neat lines of Red Delicious.

Under Nafta, Mexico has grown into the world’s largest importer of American apples. But sales are down because the price has gone up by nearly one-fifth in the past week alone.

Isn't that called inflation. And doesn't inflation usually kill an economy by driving up interest rates, and thus stifling borrowing? I think that's what I remembered from economics, a class I think tRump voters probably aren't aware of.