These Groceries May See a Price Spike Because of Tariffs

The scope of Trump's trade war changes by the day. Beyond sending the stock market into disarray and crushing consumer confidence back to 1980's levels, the tariffs are expected to increase inflation to historic highs, particularly in key sectors that center around on imports. The global food supply chain is complex, but there's a specific way that groceries will be affected by tariffs since some foods such as coffee and bananas simply can't be grown en masse in the US due to climate. The latest on Trump's tariffs Just this week, Trump threatened new tariffs on countries that don't comply with his trade demands. China, the recipient of the most aggressive tariffs and the US' third largest trading partner shows no signs of concession. Trump also claimed in an interview with Time to have made 200 deals though, notably, none have been publicly announced. If you're just catching up On April 2, Trump announced sweeping tariffs on dozens of countries, including China, Japan and the Eu ... Read full article.