Tariffs expected to raise grocery prices significantly
Prices for several grocery items are expected to rise due to new tariffs imposed by the Trump administration. A 25% tariff on imports from Mexico and Canada, along with a 10% tariff on many products from China, will hit consumers hard. The tariffs will likely increase costs in April, with certain foods seeing the biggest price hikes. Data shows that the majority of food imports to the United States come from Mexico and Canada, amounting to $20 billion from Mexico and $18 billion from Canada. A recent report highlighted eight grocery items that are particularly vulnerable to these tariffs. Avocados are expected to see a significant price increase. About 90% of avocados in the U.S. are imported, primarily from Mexico. Over the last few years, avocado imports from Mexico have grown considerably. Orange juice is another item that may cost more. While many think of Florida for oranges, California is the top producer. More than 75% of orange juice in the U.S. is imported, mainly from Mexico and Brazil. Fresh broccoli prices could rise sharply due to the tariffs. The U.S. imports most of its broccoli, with 95% coming from Mexico. Import levels have nearly doubled since 2013. Fresh string beans will also likely see higher prices, as over two-thirds of U.S. imports come from Mexico. Sweet corn is another product affected, with 90% of imported corn also coming from Mexico. Cabbage will be impacted as well, with nearly three times as much being imported as exported. About 49% of cabbage imports come from Canada, and 51% from Mexico. Tomatoes will be more expensive due to tariffs, as around 90% of imported tomatoes are sourced from Mexico. Lastly, tequila is expected to cost more, with almost all tequila consumed in the U.S. being imported from Mexico.