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President Calderón opted for using price ceilings for tortillas that protect local producers of corn. This price control came in the form of a "Tortilla Price Stabilization Pact" between the government and many of the main tortilla producing companies, including Grupo Maseca and Bimbo, to put a price ceiling at MXN 8.50 per kilogram of tortilla. [6]
Historically, price controls have often been imposed as part of a larger incomes policy package also employing wage controls and other regulatory elements. Although price controls are routinely used by governments, Western economists generally agree that consumer price controls do not accomplish what they intend to in market economies , and ...
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Incomes policies vary from "voluntary" wage and price guidelines to mandatory controls like price/wage freezes. One variant is "tax-based incomes policies" (TIPs), where a government fee is imposed on those firms that raise prices and/or wages more than the controls allow.
But experts say that one of Trump’s signature campaign promises— a 10-20% tariff on all imports, with goods from China facing tariffs as high as 60%—could lead to an increase in grocery ...
Merchants were forbidden to take their goods elsewhere and charge a higher price, and transport costs could not be used as an excuse to raise prices. The last third of the Edict, divided into 32 sections, imposed a price ceiling – a list of maxima – for well over a thousand products. These products included various food items (beef, grain ...
The president-elect has said he plans to slap a 25% levy on all goods entering the US from Mexico and Canada. Costco executive warns of price hikes because of Trump tariffs: ‘When it rains, it ...
The U.S. imports approximately 60% of its fresh fruit and 40% of its fresh vegetables. And among the countries of origin for those products, Mexico is the biggest contributor — meaning U.S ...