Today's life is expensive. The impact of the Russian outbreak, Ukrainian invasion, fuel and higher energy prices The increase in food expenses, especially have become a financial stress for millions of households. Although the overall inflation will cool down from the highest amount in 2022, the food price has increased. Almost one of the four in the past four years And expected to still climb up
Until this year, Americans have to face the outbreak of bird flu nationwide. Egg expenses for recording levelsWhile the temperature rises and the uncertain rainfall in the West Africa is The price of the increased chocolate is a new high sound.– Year of drought in the United States is also in low levels of cow's inventory. Climbing the price of beef– The result is a rising supermarket warehouse, a stricter household budget and less access to food.
The latest trade decision of President Donald Trump should not be able to help the situation. In the midst of the floods of the central government fundraising, the disruption of the Food Project and the release of many government officials was released again outside the time when the United States's largest trade partner. In the team of one week, he issued a blanket tax with Mexico Canada and China, except for certain products under the US-Mexican trade agreement. On Tuesday, he ordered to manage two duties about importing iron and Canadian aluminum, which later he walked back to 25 percent before those who entered. Wednesday morning effectInstantly retaliated contract from Canada and the European Union
The characteristics similar to the pendulum of Trump's trade policy. Economists told Grist. Almost definitely means the price of the grocery store. It already exists Scary financial market And notify the major retailers such as Target Brian Corell's CEO to warn If some contract rates are effective, customers may see a shock sticker for fresh produce “within a few days”.
“When talking about the shocks of violent weather, which are destroying our supply chain, climate change is increasing, price and creating inflation,” Songsgki Lee, agricultural economist at Ohehestate University. If the policymaker does not fully consider that by adjusting the trade policy, he said that at a certain level “We will see the impact of taxes and changes related to climate change in the supply chain”
Taxes or taxes collected from products imported from other countries are often negotiation strategies that the government watched in the international trade game and consumers and manufacturers stuck in the cross. When the goods enter the country, the tax will be calculated as a percentage of value and pay by importers. Importers may choose to pass on expenses to consumers, in the case of something. Fresh fruits grown in MexicoUsually ends with being a person every day When considering the scope of the United States's protection in Canada Mexico and China for agricultural trade, farmers, analysts, business leaders, policy and general public Concern From the impact of customs tax rates on the price of grocery stores and the possibility of a delayed trade war, economic growth.
During the first phase of Trump, the billing from China caused the customs tax that destroyed agricultural exports and commodities. $ 27 billionWhich the government must also cover Subsidies– To the present, the United States has not yet been losing the market share of soy exports to China. The largest agricultural export market– one Analysis by the Office of the National Economic ResearchA non -profit organization found that most trade war in 2018 and China passed the increase in the price of the United States of consumer revenue of approximately 1.4 billion dollars per month. Agriculture in the countryside in the midwest and the West Mountain is heavily affected at the Chinese response tax rate more than other places. Most analysis are found.
This time, Trump seems to be doubled in the tactic, although the need and sending the message of his tax policy is still not intense with the economist twice. “Representative of chaos and confusion– Everyone says that China, Canada and Mexico are approximately 40 percent of the products that the United States received last year– In the year 2023, Mexico is the only source of Two -third vegetables imported into the United States, almost half the fruit and imported beans.And about 90 percent or avocado Consuming nationwide
The estimation of the payment of Trump last week may increase the average tax or anywhere. $ 830 per year and $ 1,072 To the United States household. “I'm a little worried about the increased tension.” Lee said “It may lead to the shock at the price of the supermarket immediately.”
Canada and China responded with their own taxes. Canada tax rates set last week Almost 21 billion dollars For the US products, including orange juice, butter, beans and coffee. China ordered 15 percent about wheat, corn and chicken manufactured by farmers in the United States, in addition to 10 percent product tax, including soybeans, pork, beef and fruit that Resulting in Monday– Meanwhile, Mexico plans to announce a retaliation tax but Instead of celebrating Trump's decision to postpone– On Wednesday to respond to Trump's customs and aluminum tax investigation, Canada officials announced. The second duty $ 20.7 billion And the European Union announced that it will start Trade operations in response to next month For range or Industrial products and farms of the United States Which includes sugar, beef, eggs, poultry, peanut butter and bureau
With the American Trump's tax rate, it is expected to see fresh products sent from Mexico, such as tomatoes, strawberries, mango, mango and papaya, as well as the type of Tekon and Bear. Other agricultural products that come from Canada, including chocolate fertilizer, Canola oil, maple syrup and pigs are likely to see the cost increase. The new duty of Potash, which is an important component in fertilizer and steel used in agricultural machinery from Canada, can raise the price of food indirectly. Many of these products such as avocado, vegetable oil, cocoa and mango, have already seen suspicious service price tags due to the increased temperature.
Although there is no shortage of questions about Trump's tax policy at this time, James Sayre, agricultural economist at California Davis University, even the current state of trade uncertainty will lead to higher grocery stores.
“All of this uncertainty is not good for businesses that are hoping to import or create a new supply chain abroad or for large investment.” “Just this level of uncertainty will increase the price for consumers and reduce the choice of consumers in the supermarket … more than the tax itself.”
While the climate change is still fuel, the inflation of the food makes American consumers walk in the world's warm and the impact of management. Seems to be on the increased world -class trade relationship.–
“Actually, it is a little difficult to predict what we expect from the present management when we see the burden of food from taxes or trade and at the same time, we have a shock that is related to the weather in the supply chain.” Lee said “hope that we will not see unexpected impacts from these two different animals.”
This article originally appeared in Stone at https://grist.org/food-and-agriculture/what-trumps-scalaating-trade-man-your-your-grocery-bill/– Grist is an independent media organization that is dedicated to the score of a fairly solving climate and future. Learn more at Grist.org