O'Leary Ventures, Chairman Kevin O'Leary, has participated in “FOX & FRIENDS”, discusses conversations with President Donald Trump on Canada and Mexico, and claims that the US Treasury has approved fraudulent payments. Masu.
According to experts, a large amount of foods are affected by the United States to reduce the flow of drugs and illegal immigrants in the country, and wipe out the duties that the United States is imposed on major trade partners.
According to Kelly Beaton, the highest content of the Food Research Institute, such companies are already in the margin of 1 % to 5 %, in most cases, 1 % to 5 %. Because it is a retailer of food products, such companies may tend to pay costs to customers.
Although the customs duties on imports of Mexico have been suspended for a month, the United States is still following plans to impose 25 % tariffs on imports from Canada and to impose 10 % of imports on imports from China. “Drugs containing fatal Fentanyl,” said the White House.
Trump's tariff comes into effect on Saturday: What to know
Canada retaliated with 25 % of the US imports that will be valid on Tuesday. According to the report, the Chinese government, which is also challenging Trump's movements, is planning to take their respective measures to ensure that their rights and interests.
Customers are shopping at Chicago's grocery store on February 13, 2024. (Scottorson /Getty Image)
When tariffs, including those in charge of Mexico, are implemented, the institute has a model, corona, Canadian maple syrup, Canadian grain, etc., a Beaton that brings out Mexico beer, Canadian grain, and Mexico beer. According to food and drinks, the products of food and drinks were “costly.” As an example.
She added, “Because consensus is a common import from all three countries, which Trump was targeted by tariffs, cereals may be costly in the United States.” 。
Experts say that Trump's proposed tariffs can raise food prices
Experts say that imported dairy products, meat, and various vegetables are also affected, but it is difficult to identify what it looks like.
Since the United States has obtained a considerable amount of pigs and beef from Canada, it is possible that the cost of the import of these animals will be higher and the price of American beef and pork will increase. there is. According to the U.S. Agricultural Bureau, in 2022, the United States imported more than $ 37 billion from Canada.
A shopper in a grocery store in San Francisco on May 2, 2022. (David Paul Morris /via Bloomberg /Getty Image)
Sylvain Charlebois, a professor and senior director of Agri-Food Analytics Lab, emphasized the threat to meat prices given that such products, especially beef and pork, are dependent on Canada.
“Canada is a major supplier in the US meat market, and additional costs from tariffs can boost the prices of American consumers,” said Charl Voice, saying that the United States is more of a dragon and production issues. He added that he was struggling to maintain the beef supply.
Limiting Canadian imports has added Charl Voice, saying, “We will further strengthen the market and contribute to inflation in this category.”
In addition, in the coastal areas where Canadian seafood is common, seafood, especially lobster and snow crabs, have a “remarkable price increase”. Charlebois said that the store could be forced to see if the price of consumers was high and that it could reduce inventory.
However, fresh agricultural products are also at risk. For example, Canadian greenhouse -grown vegetables such as tomatoes, peppers, and cucumber play an important role in supply US foods, especially during the cold season.
A shopper in the Dol Zeneral Market Store in Saddolbrook, New Jersey on February 29, 2024. (Gabby Jones / Bloomberg Via / Getty Images)
Anyway, a bigger problem was that when the household was already struggling with the price of grocery, “the wider impact of these tariffs could worsen food inflation in the United States.”
“The perfect effect depends on the reaction of retailers and suppliers, but in categories where Canada plays an important role in supply, the customs duties are almost certain to increase the cost of US consumers. “American with low income, which is dealing with the rise in living expenses,” said Charebowa.
Experts say that Trump's proposed tariffs can raise food prices
Democrats and opponents have long been expenses for tariffs I was given to American consumers. Over the past few months, many retailers have expressed concerns about tariffs on increasing product costs and reducing inventory.
Trump posted on a Sunday social media posting that Americans had some pain, but said, “It's worth the price you need to pay.”
The White House states in a statement that Trump is a tactic that Trump is responsible for the promise that Mexico, Canada, and China stop illegal immigrants and stop toxic Fentanyl and other drugs from flowing into Japan. Ta.
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The customs duties have sent a message that “the illegal distribution network has created a national emergency, including a public health crisis,” said the White House.
