#USpolitics #TradewarAndGroceries
"What Trump’s escalating trade wars mean for your grocery bill"
by Ayurella Horn-Muller for Grist [Mar 13, 2025] [Audio available]
https://grist.org/food-and-agriculture/what-trumps-escalating-trade-wars-mean-for-your-grocery-bill/
"Climate change and bird flu are already driving up food prices. Trump's tariffs are about to make it worse."
"Life these days is expensive../\..Rising food costs in particular have become a source of financial stress for millions of U.S. households. Though overall inflation has cooled from a record peak in 2022, food prices increased nearly a quarter over the last four years and are expected to continue to climb."
"So far this year, Americans have faced a nationwide bird flu outbreak,"./\.. while rising temperatures and erratic rainfall across Western Africa are escalating chocolate prices to new highs.
Years of drought in the U.S. have also contributed to historically low levels of cattle inventories, hiking up beef prices. The result is skyrocketing supermarket bills, tighter household budgets, and dwindling access to food. "
"President Donald Trump’s latest trade decisions aren’t likely to help the situation. Amid a flood of announcements about federal funding freezes, food program terminations, and mass government layoffs, the president has been issuing on-again, off-again sanctions aimed at the United States’ biggest trading partners."
"The pendulum-like nature of Trump’s trade policies../]..customers could see sticker shock for fresh produce “within days.”
"“When it comes to extreme weather shocks, which are destroying our supply chains, climate change is increasing prices and creating food inflation,” said Seungki Lee, an agricultural economist at Ohio State University. If policymakers don’t fully account for that by adjusting trade policies, he said, then to some degree, “we will see the compounding impacts of tariffs and climate change-related shocks on the supply chain.”
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#CapitalismIsFailingYou