With grocery prices already more than 25% higher than five years ago, tariffs could spur increased costs for families already on a tight budget. Nancy Chen has more.

Washington

Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.

Global Tariffs

Shoppers in the United States are feeling the pinch as grocery prices continue to rise, exacerbated by the U.S. imposing a 10% tariff on Chinese goods. In response, China has levied tariffs of 10% to 15% on American products such as coal and gas. These developments add to the strain that American families are already facing due to inflation and supply chain disruptions.

Consumers like Melissa Robinson, who shop in Clifton, New Jersey, have felt the brunt of these price increases, with weekly grocery bills reaching $250. Cost spikes have been attributed to several factors, including supply chain issues, increased labor costs, and bird flu outbreaks. Egg prices, for example, have seen a 65% rise over the past year and are predicted to surge by another 20%.

The potential impact of tariffs, especially on produce, poses further challenges for businesses like that of Stu Leonard Jr., a family-owned grocery chain. Produce is particularly susceptible, given that nearly 60% of fresh fruits and 35% of fresh vegetables are imported. Distributors like Anthony Serafino, who imports goods from Latin America, warn of the inevitable passing on of these increased costs to consumers, further burdening families who may already be struggling financially.

Despite the relief of a temporary pause on tariffs for Mexican and Canadian goods, items from China now face additional duties. Popular imports such as avocados could become significantly more expensive, as 90% of the U.S. supply is imported. The combination of persistently high prices and tariffs creates a unique challenge for the grocery industry, with little relief in sight. Economists suggest that wages would need to rise at a faster rate than prices to alleviate this burden, a solution that might take years to materialize.



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Global Tariffs