Trump’s Tariffs Risk Driving Record Food Costs Even Higher (1)

March 4, 2025, 10:25 PM UTC

President Donald Trump’s tariffs are expected to hit American grocery aisles, hurting consumers already contending with record food costs after years of supply-chain disruptions.

Plans to impose duties on American agriculture imports are set to boost the price of fruit and vegetables as well as sugar and coffee, with the Consumer Brands Association saying tariffs on Canada and Mexico could lead to higher consumer prices. Meat is also at risk — with the lowest cattle herd in 74 years, the US imported a record $11.7 billion in beef and derived products last year.

Further, tariffs on Canadian fertilizers will ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.