How Trump’s Trade War Will Make Your Groceries Even More Expensive

Life these days is expensive. The lingering effects of the pandemic, Russia’s invasion of Ukraine, higher fuel and energy prices, and extreme weather shocks throttling the supply chain have conspired to make many everyday necessities much less affordable. Rising food costs in particular have become a source of financial stress for millions of U.S. households. Though overall inflation has cooled from a record peak in 2022, food prices increased nearly a quarter over the last four years and are expected to continue to climb. So far this year, Americans have faced a nationwide bird flu outbreak, propelling the cost of eggs to record levels, while rising temperatures and erratic rainfall across Western Africa are escalating chocolate prices to new highs. Years of drought in the U.S. have also contributed to historically low levels of cattle inventories, hiking up beef prices. The result is skyrocketing supermarket bills, tighter household budgets, and dwindling access to food. President ... Read full article.