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Life is expensive these days. The impact of the occupation of the Pandemia, the occupation of the occupation of higher fuel and energy prices, the supply chain of the supply of the supply of the supply of the supply to the less daily needs. Millions of food expenses, especially food expenditures, have become a source of financial stress for the United States House. Although total inflation was cooled from the summit in 2022, food prices have increased about a quarter of about four years in the past four years and expected to continue to climb.
This year this year, Americans this year faced a nationwide bird flu explosion The cost of eggs to record levelsAlthough temperatures and wrong raining throughout West Africa Increase chocolate prices to new highs. In the United States, the years of drought also contributed to lower livestock levels historically, Increase beef prices. The result is supermarket bills, more robust household budgets and food access.
President Donald Trump’s recent trading decisions are unlikely to help the situation. Federal financing freezes, food programs and announcements related to the construction of mass governments, the president was re-sanctioned by the President of the United States to the largest trade partners. In the range of a week, in Mexico, Canada and China, he applied quilt tariffs against the goods, released some products in the United States-Mexican-Canadian trade contract, and then increased the new tax on the new tax on Canadian products. Tuesday, the dual tasks associated with Canadian steel and aluminum imports of Canada, then went back to 25 percent before entering Wednesday holidayRequires revenge from Canada and the European Union.
A nature-like nature of Trump’s trade policy, economists, the prices of groceries, almost higher food products. There is already Spoooked Financial Markets and referred to large retailers like The CEO of the target Brian Cornell to warn If some promised tariffs are into force, customers could see the shock of tag for fresh products “Days”.
“As for the extreme air blows, which destroys our supply chains, climate change is growing and increases food inflation,” said Agricultural Economist Seungki Lee at Ohio State University. If they do not consider politicians complete by regulating the trade policy, he said: “We will see the complex effects of strikes related to tariffs and climate change in the supply chain,” he said.
Tariffs or taxes caught by goods imported from other countries are a spoken tactic managed by governments in general, consumers and manufacturers. When the goods entered into one country, tariffs are calculated as a percentage of their value and is paid by the importer. Importer can then choose to cost consumers if something is Fresh fruit growing in Mexicooften continues to be everyday people. The United States of America depends on the auspices of Canada, Mexico and China, farmers, analysts, business leaders, politicians and general public anxiety The effect of tariffs compared to the probability of slowing up the economic growth of the grocery store prices and trade wars.
During the first lace, the money about China caused revenge tariffs that cancel expensive agricultural exports and commodity prices in the US agricultural industry $ 27 billionThe government had to cover later Subsidy payments. To date, the United States has not fully restored the loss of soybean exports, this loss in the market share of soy The largest agricultural exports. One Analysis of the National Bureau of Economic ResearchNon-profit organization, 2018, China and the 2018 trade war, reduced consumer revenues to about $ 1.4 billion per month, thanks to the increase in US prices. The agricultural sectors of the Midwest and the West of the mountain were found by China’s revenge tariffs, more than others.
This time, Trump fell twice in tactics, although the requirements and messaging of his tariff policy remained wildly unpredictable with economists of the president “An agent of chaos and confusion“All, in China, Canada and Mexico 40 percent of the US goods imported last year. Mexico was the only source in 2023 Two-thirds of the vegetable brought to the United States, almost half-fruits and walnut importsand about and 90 percent of avocadones Nationwide consumed.
Without factoring in any revenge tariffs, estimates may be due to the average tax increase in any place between Trump last weeks $ 830 during the year and $ 1,072 To the US house. “I’ve been a little frustrating from the increase in tension,” Lee said. “It can cause shock immediately in supermarket prices.”
Canada and China have responded to their tariffs since then. The Canadian tariffs held last week about $ 21 billion In US goods including orange juice, beech butter and coffee. 10 percent tariffs on products, including chicken, chicken, chicken, chicken, pork and fruit, which produce chinese, chicken, chicken Monday came into force. Memory, Mexico planned to announce the tariffs of revenge, but Instead of this decision to postpone Trump. In response to the increase in Trump’s steel and aluminum tariff on Wednesday, Canadian officials announced Wave of $ 20.7 billion worth of duty and the European Union announced that it will begin Revenge Trade Movement next month For a number USA Industrial and household goods Includes sugar, beef, eggs, poultry, peanut butter and bourbon.
With the planned tariffs of Trump, Americans can wait for fresh products such as tomatoes, strawberry, avocados, avocados, mangos, avocados, mangos and papayas, as well as Tequila and beer. Other agricultural products from Canada, including fertilizers, chocolate, canola oil, maple syrup and pork, pork and pork, are also likely to see a yeast mill. Potash and steel circle, which are a key ingredient in agricultural machinery from Canada from Canada, can indirectly increase food prices. Many of these products such as avocados, vegetable oils, cocoa and mango, partially place price labels due to increasing temperatures.
Although there is no shortage of questions covering Trump’s tariff policy, Davis, a farm economist at the University of California, even said that this current trade uncertainty will increase a higher grocery for consumers.
“All these uncertainty is really bad for people to import abroad or new supply chains or new supply chains for any large-scale investment,” he said. “This degree of uncertainty will increase the prices of consumers and reduce consumer choices in the supermarket … more than fares.”
All today, climate change, food inflation continues fuel inflation, American consumers and the bill of a draft of the World Project and Cascade Continues to develop global trade relations.
“When you see the burden of the food inflation by tariffs or trade, there are also shocks related to the climate in the supply chain,” Lee said. “I hope we will not see an unexpected complex effect by these two different animals.”
This post appeared first Gristor horse https://grist.org/food-and-ad-stumsiculture-what-trumps-escalating-trade-wars-mean-sour-grocery-bill/. Grist is a non-profit media organization dedicated to explaining a climate solution and a fair future stories. Learn more Grist.org.
