Concerns are rising that the sweeping tariffs on all foreign imports that President-elect Donald Trump has vowed to impose could cause the prices of groceries to rise.
A critical concern among economists is that President-elect Donald Trump's proposed blanket tariffs on imports would drive up food prices. Trump campaigned on the promise to lower costs for households as expenses have surged across the economy. Groceries were no exception, with prices rising due to a combination of economic factors, including geopolitical tensions, weather events, supply chain disruptions and inflation. While the pace of inflation has eased, rising 2.
" But when lower-income households spend a larger share of their income on food, they will be forced to make difficult trade-offs such as cutting back on other essentials like housing, health care or transportation to ensure they can still put food on the table, Ortega said.
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