Trump's proposed tariffs may raise grocery and liquor prices for U.S. consumers

U.S. consumers may face higher prices and shortages for fresh produce and alcohol if President-elect Donald Trump imposes a 25% tariff on imports from Mexico and Canada. These countries supply a significant portion of U.S. agricultural goods. The tariffs could disrupt the supply of avocados, strawberries, and tequila, which are heavily imported from Mexico. About two-thirds of U.S. vegetable imports and half of fruit imports come from Mexico, making the U.S. reliant on these imports. Additionally, the tariffs may increase costs for U.S. farmers, particularly for fertilizer from Canada. The agricultural trade deficit is projected to exceed $42 billion by 2025, partly due to consumer demand for imported goods.