O’Lery Ventures President Kevin O’Leeri joined ‘Fox and Friends’ to discuss his conversation with President Donald Trump about Tariff on Canada and Mexico and claims of Alone Musk’s claim to US Treasury Approved fraud payment.
A health of foods According to experts, tariffs occupying the US major trading partners in an attempt to curb the flow of drugs and illegal immigrants in the US will be widely affected.
According to Kelly Beaton, the Chief Material Officer of the Food Institute, already working on the razor-pale profit margin with grocery retailers-often from 1% to 5%-such businesses are interested to pass the cost to customers It is possible
While the tariff on Mexican imports is suspended for a month, the US is still following a plan to impose 25% tariff on imports from Canada and also imports from China in response to the threat generated by illegal aliens But 10% of tariffs also “White House said in a statement,” Drugs including deadly fennels.
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According to reports, Canada retaliated with 25% levy on US imports, which will be effective on Tuesday, and the Chinese government, which is also challenging Trump’s move, “protected the rights and interests to the concerned counselors. To do “plan to take, according to reports.
A customer shops at a grocery store on 13 February 2024 in Chicago. (Scott Olson / Getty Images)
When tariffs are applied, Including people pending against Mexico, the institute said that food and drink products would be “more cost soon,” according to Beaton, who examped examples of Brandos and Corona, Canadian Maple Syrup and Canadian grains such as Mexican Avocados, Mexican Beer Referred to.
He also said that “it seems unanimously that the grain may soon cost more in the US, as it is a general import from the three countries which Trump has targeted with tariffs.”
Trump’s proposed tariffs can increase food prices, experts say that
Experts say that imported dairy, meat and various vegetables will also be affected, although it is difficult to mention what it will look like.
Beaton said that the US receives a significant amount of its hog and beef imports from Canada, so “undoubtedly” will be tied to high costs to import these animals and will lead to high prices for beef and pork in the US, Beaton said. In 2022, according to the US Department of Agriculture, the US imported more than $ 37 billion agricultural products from Canada.
A shopkeeper inside a grocery store in San Francisco on 2 May 2022. (David Paul Morris / Bloomberg / Getty Image)
Sylvan Charlebis, professor and senior director at Agri-Food Analytics Lab, also highlighted the danger for meat prices, given how much the US depends on Canada for such products, especially beef and pork.
“Canada is a major supplier for the US meat market, and any additional cost from tariffs can increase prices for American consumers,” said Charlebois, the US is already struggling to maintain beef supply. Drought and production issues,
Restricting Canadian imports will only “tighten the market and contribute to inflation in this category,” Charlebois said.
Seafood can also be “noticeable value enhancement” for seafood, especially lobster and snow crab, especially in coastal areas where Canadian seafood is common. Stores can be forced to look for alternative sources, resulting in consumers either high prices, or they can cut back on inventory, Charlebis said.
But fresh yield is also at risk. For example, greenhouse developed vegetables from Canada, such as tomatoes, chillies and cucumbers play an important role in the supply of American grocery, especially during the cold months.
On February 29, 2024, a dollar inside the General Market Store in Saddalbrook, New Jersey. (Gabby Jones / Getty Image via Bloomberg)
Regardless, the big issue, Charlebois said, “The widespread impact of these tariffs can increase food inflation in the US” at a time when the houses are already struggling with grocery prices.
“While the full effect will depend on how the response to retailers and suppliers, tariffs are almost certain to increase costs for American consumers, especially in categories where Canada plays an important role in supply. This step is domestic The budget can put more stress, especially for the middle- and the lower-oriented Americans who are already working with the rising cost of life, “Charlebois continued.
Trump’s proposed tariffs can increase food prices, experts say that
Democrats and opponents have long argued that the tariff will cost. Passed for American consumers. In the last several months, many retailers have expressed concern about the possibility of tariff to pump the costs of their products or even cut them inventory.
Trump said in a social media post on Sunday that “there may be some pain for Americans” but that “it would be worth all that should be paid.”
The White House said in a statement that there is a strategy for Levi Trump “Mexico, Canada, and China are accountable to their promises to prevent illegal immigration and to prevent poisonous fentainel and other drugs from flowing in our country.”
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The White House stated that tariffs are sending a message that “the flow of contrast drugs like Phantanile in the United States has created a national emergency, including a public health crisis, through the illegal distribution network.
