Life is expensive these days. Russia’s invasion of Ukraine, fuel and energy prices, and the effect of extreme weather shocks, which supplies them to make everyday necessities that are much cheaper, remain effective. In particular, the increase in food costs has become a source of financial stress for millions of US households. In 2022, the overall inflation was cooled at the highest record, but food prices rose. Nearly 1/4 over the last 4 years And it is expected to keep going up.
Until this year, Americans have been in record levels in the face of the occurrence of bird flu nationwide, and the temperature and irregular rainfall throughout Western Africa are expanding the price of chocolate to a new high. In the United States, several years of droughts have contributed to the historically low level of inventory. Beef price hiking. As a result, the supermarket bills are rapidly higher, the household budget is strict, and the access to food is reduced.
President Donald Trump’s latest trade decision will not help the situation. The president has issued sanctions and sanctions for the largest trading partner in the United States, with federal funding, termination of food programs, and dismissal of mass governments. For a week, he has doubled China’s tariffs before enacting a blanket tariff on Mexico, Canada and China’s products, exempting some products under the US-Mexico-Canadian trade agreement, and threatening new taxes on Canadian products. Tuesday, on Tuesday, he ordered the administration twice the mission of imports of Canadian steel and aluminum, and then walked 25 %. Effect on Wednesday morningCanada and the European Union call for immediate retaliation.
Economists said they mean that the price of sacred sacred shops, such as the character of Trump’s trade policy, is higher. Already Awesome financial market And I liked major retailers The CEO Brian Cornell of the target warns When some of the promised tariffs are fermented, customers can see the sticker shock for fresh agricultural products.
Seungki Lee, an agricultural economist at Ohio State University, said, “In terms of extreme weather shocks that destroy the supply chain, climate change is rising and creating food inflation. He said, “We will see a complex impact of tariffs on the supply chain and the shock of climate change,” he said if policymakers do not fully explain the trade policy.
Climate change for bird flu and the rapid price of eggs
Duty or taxes on products imported from other countries are generally the government’s negotiation tactics in international trade games, and consumers and producers have been caught by cross hair. When the product enters the country, the tariff is calculated by the percentage of value and the importer is paid. An importer can choose to deliver costs to consumers. Fresh fruits grown in MexicoOften becomes everyday people. Considering the dependence on Canada, Mexico and China for agricultural trade, farmers, analysts, business leaders, policymakers and the general public apprehension Economic growth slowed down due to the impact of tariffs on grocery store prices and the possibility of trade war.
During the first Trump, the payment for China caused more expenses in the US agricultural industry, causing retaliation tariffs that extinguished agricultural exports and commodity prices. $ 27 billionThe government had to guarantee with him Subsidy. To date, the United States has not completely recovered its market share of soybean exports to China. The largest agricultural export market. an Analysis of the National Economic Research BureauNonprofit groups showed that in 2018, the trade war with China passed significantly due to a rise in US prices, resulting in a $ 1.4 billion decrease in consumer income. The rural agricultural sectors of the Midwest and Mountain West were stronger by China’s retaliation tariffs than most others, according to analysis.
This time, Trump seems to have doubled his tactics, but his demands and messages to the demands of the tariff policy told the president, “To economists,” “economists” called “President”.Agent. ” All of them said they were supplied by China, Canada and Mexico. 40 % of the products imported by the US last year. In 2023, Mexico was almost the source. 2 -thirds of vegetables imported to the United States, almost half fruits and nuts importsAbout 90 %of the avocado was consumed nationwide.
If you do not consider retaliation tariffs, it is estimated that Trump’s charges last week may be the average tax increase between them. $ 830 per year and $ 1,072 American Home Party. “I’m a bit nervous about the increase in tension,” Lee said. “Supermarket prices can cause immediate shock.”
Canada and China have since responded to their tariffs since then. Canada’s tariffs imposed last week are as follows: Almost $ 2 billion American products including orange juice, peanut butter and coffee. In addition to 10 %tariffs on products, including soybeans, pork, beef and fruits, China has imposed a 15 %imposition of wheat, corn and chicken produced by US farmers. It was fermented on Monday. Meanwhile, Mexico planned to announce retaliation tariffs. Instead, he celebrated Trump’s decision. Wednesday, in response to Trump’s steel and aluminum tariffs, Canadian officials Secondly, $ 29.7 billion tariffs And the European Union declared that it would begin. Retalism of the next month In the case of scope US Industry and Farm Products This includes sugar, beef, eggs, poultry, poultry butter and bourbon.
Trump’s planned tariffs can help Americans to ship fresh produce in Mexico, such as tomatoes, strawberries, avocados, lime, mango, and papaya. Other agricultural products supplied in Canada, including fertilizers, chocolate, canola oil, maple syrup and pork, can also see the cost hiking. New obligations for potassium, core ingredients of fertilizers, and new obligations for steel used in agricultural machinery from Canada can indirectly increase food prices. Most of these products, such as avocados, vegetable oils, cocoa and mango, are already partially partially watched due to temperature rises.
Although there is no lack of problems with Trump’s tariff policy, James Sayre, an agricultural economist at the University of California, said that even the current status of international trade will increase the burden of food for consumers.
Sayre said, “All these uncertainty is actually bad for companies that want to import overseas, establish new supply chains, or establish new supply chains for large -scale investments.” “This level of uncertainty will increase the price of consumers and reduce consumer choices in the supermarket.
In the meantime, climate change continues to supply food inflation as a fuel, allowing US consumers to emerge the legislation of the world and the terraced effects of the administration. It seems to strengthen global trade relations.
“It’s a bit difficult to expect from the administration’s current administration when you see the burden of food inflation by tariffs or trade and at the same time, when you are shocked by the supply chain at the same time.” “We hope that these two animals will not see unexpected complex effects.”
