Scope Trump’s Trade War Change until the day. In addition to sending the stock market with confusion and crushing Consumer trust If you go back to the level of the 1980s, tariffs are expected to increase inflation at the main sector, especially in the main sectors.
The global food supply chain is complicated, but some foods such as coffee and bananas are not cultivated in the United States due to the climate, so there is a specific way that grocery stores are affected by tariffs.
The latest on Trump’s tariffs
This week, Trump Threatened new tariffs In a country that does not comply with his trade demands.
China, the most aggressive tariff and the third largest trading partner winner in the United States There is no sign of concessions.
Trump also claimed Interview with time However, there were 200 deals, but no one was publicly announced.
If you just catch it up
On April 2, Trump announced tariffs on dozens of countries, including China, Japan and the European Union. A week later, as the tariff came into effect, he stopped most of the tariffs for 90 days. On the contrary, tariffs on imports of China have increased to 145%. politics report. In response China has increased tariffs on the United States 125%boils the US-China Trade War.
If Trump’s tariffs bear fruit, the grocery store may be more expensive.
A few hours after Trump announced the suspension of 90 days on April 9, CNET Russell Hill BerryFind out how the “mutual” tariff, a professor of agricultural economics at Purdue University, can affect the food costs of the US shopping.
According to Hillberry, there are everything you need to know what’s happening and what will happen if the additional tariffs will come into effect.
Read more: Do you think about Costco membership? The cheaper groceries are as follows:
Is the price increase by US consumers due to the tariffs implemented by the United States?
“yes.” Hillbarry said. “The United States gets a product different from other regions in the world. The product is sold in a certain amount and when I arrive at the port. [in the US]There is an additional fee [or tariff] Whatever value in the port. ”
In other words, if the item is currently imported from China to the United States, when the item arrives in the US, an additional 145%additional cost is added to the original purchase price when it arrives at the port. Most of the additional costs of tariffs are generally delivered to consumers.
If the tariff is 10%, he estimates that only approximately 8% of additional costs will be delivered to consumers, especially that low -cost items such as groceries will not make too much difference with consumers. However, the larger the tariff, the greater the price increase.
At first, tariffs were diverse. For example, the United States, which has a lot of wine and cheese, is facing 20%of tariffs with potential tariffs on horizontal lines.
Watch this: Should I buy or wait now? Our experts are weighted on tariffs
Will the food price increase due to tariffs?
If all the tariffs announced on April 2 are fermented after 90 days of suspension, Americans expect to increase at foodstuffs and may have a change that can be used on the shelves.
China is not a large -scale food importer in the United States, but there are many countries hit by tariffs on April 9 (before pause).
Read more: This fast food chain hiked the most price last year.
Be careful of the rapid seafood price
Seafood is one of the food categories that can be much more expensive due to tariffs.
“that [the US] Hillberry said, “It is not produced in size in Asia, India, and Vietnam,” Hillberry said.
Will certain products disappear together?
Customs can cause supply problems that reduce the options for empty shelves and shoppers.
According to Hillberry, there is a possibility if the tariff is re -entered.
Hillberry said, “One thing that the president is not recognized is that there are other buyers that can be sold to a country. And the supply chain may not justify the additional costs related to tariffs. ”
Coffee and bananas can cost a lot.
Most coffee beans are imported and there is a risk of price hikes.
Most foods are still available, but tariffs will cause potential shortages in prices and major income.
Hillberry said, “Coffee and bananas will come in. It will definitely be more expensive.” I don’t expect these things to disappear, but I think you can expect less diversity in supermarkets because of tariffs. But the main effect is at the price. “
Many avocados, tomatoes and strawberries consumed by the United States are grown in Mexico, so these products can see the price increase related to tariffs.
What is the possibility that tariffs will enter into force again?
It’s unclear, but before the temporary suspension, Hillbury predicts that the Trump administration will be too painful or the Congress will enter to prevent tariffs.
“I don’t think these are the permanent features of the landscape.” So at the angle of food, the situation is more expensive, the quality is poor, and some products will disappear. ”
