The overall impact on household grocery budgets, however, may still end up feeling relatively modest.<\/p>\n
Though the US is heavily dependent on foreign supplies in certain categories, such as fresh fruit and seafood, imports typically account for less than 20% of overall food and beverage purchases by Americans, according to USDA. <\/p>\n
And many food imports from Mexico – America’s single biggest foreign food supplier – were already spared tariffs, due to White House exemptions for goods covered by a US, Mexico and Canada free trade agreement.<\/p>\n
“You will certainly see it on certain products,” said Sean Cash, a professor of food economics at Tufts University. “I don’t think we’re going to see a lot in terms of the average price of groceries coming down.”<\/p>\n
Food companies are still facing higher costs from tariffs on materials like aluminium, used to make canned foods; items like wine, cheese and palm oil did not make the list.<\/p>\n
Recent jumps in food prices also reflect factors unrelated to tariffs, like rising labour costs and droughts, which hit coffee and cattle supplies. <\/p>\n
“If we got rid of trade barriers on food items and food commodities, would that make food cheaper in the US? Yes, a little bit, but not that much, because most of what we’re buying are services,” said Daniel Sumner, a professor of agricultural economics at the University of California, Davis, noting costs like border inspections, washing, trucking fees and supermarket workers. <\/p>\n","protected":false},"excerpt":{"rendered":"The overall impact on household grocery budgets, however, may still end up feeling relatively modest. Though the US…\n","protected":false},"author":2,"featured_media":269201,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":{"0":"post-269200","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/269200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=269200"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/269200\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/269201"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=269200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=269200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=269200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}