Kevin Ulari, the chief of O'elary Ventures, joins “Fox & Friends” to talk about his conversation with Donald Trump on Canadian and Mexico and Elvan Maskan tariffs on his conversation with President Donald Trump.
Foods According to experts, it will be affected by the use of broom tariffs that the United States is trying to control the flow of drugs and illegal immigrants to the country.
According to Kelly Biton, Chief Executive Officer of the Food Institute, given that food retailers are currently working on thin and thin profit margins-from 1 % to 5 %-such jobs may tend to transfer costs to Have customers.
While Mexican import tariffs have been suspended for a month, the United States is still planning up to 25 % import tariffs from Canada as well as 10 % tariffs on imports from China in response to “threat caused by illegal aliens The White House said in a statement, including the deadly Fentanyl, “.
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According to reports, Canada retaliated with 25 % of US imports on Tuesday, and the Chinese government, which also challenges Trump's move, intends to “take relevant interactions to defend salaries and To make their own interests. ”
A customer at a grocery store on February 13, 2024 in Chicago. (Scott Olson / Giti Pictures)
When tariffs are running, The institute, one of the things waiting for Mexico, said that food and beverages will “cost more”, according to Biton, who, according to Mexican Avocado, Mexican beer of brands such as Modelo and Corona, maple syrup. Canadian and Canadian seeds have come.
He also added: “It seems that the consensus is that cereals can soon be expensive in the United States, as this is a joint import from all three countries that Trump has targeted with tariffs.”
Experts say Trump's proposed tariffs can raise food prices
Experts say it will also affect the various imported dairy, meat and vegetables, though experts say what seems to be.
The United States receives a significant amount of wolves and imports of its beef from Canada, so “no doubt” will be higher for imports of these animals and probably lead to higher prices for beef and pork in America will be. In 2022, the United States imported more than $ 37 billion in agricultural products from Canada, according to the US Department of Agriculture.
A buyer inside a grocery store in San Francisco on May 2, 2022. (David Paul Morris / Bloomberg via / Gitti Pictures)
Silvine CharleBois, a professor and chief executive of the Agri-Food Analysis Laboratory, also highlighted the threat to the price of meat, given how much the United States depends on Canada for such products, especially beef and pork.
“Canada is the main supplier of the US meat market, and any added cost of tariffs can raise the price of US consumers,” said CharleBois. Drought and Production ProblemsHuman
“Limiting Canada's imports only” increases the market and helps inflation in this group, “Charlibis added.
There may also be “significant price increase” for seafood, especially crab and snow crab, especially in coastal areas where Canadian seafood is common. CharleBois said stores may have to look for alternative resources, which can lead to higher prices for consumers, or may reduce the inventory.
But new products are also at risk. For example, greenhouse vegetables from Canada such as tomatoes, peppers and cucumbers play an important role in the preparation of US food, especially in the colder months.
A buyer at a public store in the dollar market in Saddlebrook, New Jersey, February 29, 2024. (Gabi Jones / Bloomberg through / Giti Pictures)
Regardless of this, Charlibois is that “the wider impact of these tariffs can exacerbate food inflation in the United States” when households are currently struggling with food prices.
“While the full impact depends on how retailers and suppliers respond, tariffs are almost increased to increase costs for US consumers, especially in the categories where Canada plays a key role. CharleBois continued to increase households, especially for low -income Americans who are currently dealing with increased living costs.
Experts say Trump's proposed tariffs can raise food prices
Democrats and opponents have been arguing for a long time that the cost of tariffs will be only Moved to American consumers. Over the past few months, many retailers have raised concerns about the outlook for pumping tariffs for their products or even forcing them to reduce inventory.
Trump said in a social media post on Sunday that it could have “pain” for Americans, but it would be “all the value to be paid”.
The White House said in a statement: Trump's tactics to keep Mexico, Canada and China for promises to stop illegal migration and stop poisoned Fentanil and other drugs from our country. ”
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The tariffs send a message, “which has created a national emergency, including a public health crisis through illegal distribution networks, such as Fentanyl drugs to the United States.”