Expect to Pay More for These Groceries Because of Tariffs

The scope of President Donald Trump's trade war changes by the day. Beyond sending the stock market into disarray and consumer confidence plummeting to 1980s levels, the tariffs are expected to increase inflation to historic highs, particularly in key sectors that center on imports. The global food supply chain is complex, but groceries will be affected by tariffs in a specific way. Due to the climate, some foods, such as coffee and bananas, simply can't be grown en masse in the US. The latest on Trump's tariffs Just last 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's 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 Eur ... Read full article.