Life these days is expensive.
Rising food costs in particular have become a source of financial stress for millions of U.S. households.
The result is skyrocketing supermarket bills, tighter household budgets, and dwindling access to food.
Shopping for groceries during times of inflation.© Ashley Grise/Shutterstock
President Donald Trumps latest trade decisions arent likely to help the situation.
The pendulum-like nature of Trumps trade policies, economists told Grist, almost certainly means higher grocery store prices.
Im a little nervous about the increase in tension, said Lee.
It could lead to an immediate shock in supermarket prices.
Canada and China have since responded with tariffs of their own.
Meanwhile, Mexico planned to announce retaliatory tariffs butinstead celebrated Trumps decision to postpone.
industrial and farm goodsthat includes sugar, beef, eggs, poultry, peanut butter, and bourbon.
Hopefully we will not see an unexpected compounding effect by these two very different animals.
This article originally appeared inGristathttps://grist.org/food-and-agriculture/what-trumps-escalating-trade-wars-mean-for-your-grocery-bill/.
Grist is a nonprofit, independent media organization dedicated to telling stories of climate solutions and a just future.
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