U.S.- Mexico border closing could hurt auto makers, farmers and consumers

President Trump has so far been short on details about his threat to close the border with Mexico, but any move that would shut down or hinder $1.7 billion in daily cross-border trade could have far-reaching consequences for the U.S. economy. Some economists predict a follow-through could negatively impact U.S. auto production, pork producers, dairy farmers, and grocery shoppers in the face of steep price increases (if supplies plummet).

Amid warnings from his Republican allies and his advisers, however, Trump has walked back from his threat to shut the border if Mexico didn’t stop the flow of Central Americans heading north. He suggested the U.S. could “close large sections of the border, maybe not all of it.”