Trump tariffs to stoke US food inflation despite pledge to lower costs
CHICAGO - U.S. consumers grappling with soaring prices for beef and eggs will face even higher costs for meat, vegetables and fruit if President Donald Trump imposes tariffs on Canadian and Mexican imports, economists and food industry executives said.
Shortly after taking office last week, Trump set the Feb. 1 deadline for imposing 25% tariffs on imports from Mexico and Canada unless the countries move to halt flows of illegal immigrants and the deadly opioid fentanyl into the U.S. He also said he would impose a 10% tariff on Chinese goods over that country's role in the fentanyl trade.
Supply disruptions due to tariffs would highlight how reliant the nation has become on its neighbors for feeding its population. About two-thirds of U.S. vegetable imports and half of its fruit and nut imports come from Mexico, according to the USDA.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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