Luis Melgar and Rachel Lerman discuss the anticipated impact of proposed tariffs on consumer prices, particularly in the grocery sector. With the United States importing substantial amounts of vegetables and fruits from Mexico, economists predict significant price hikes resulting from the tariffs. David Ortega, a noted food economist, emphasizes that these price increases would compound the existing inflation concerns voiced by Americans leading up to the last election. As the cost of living continues to rise, particularly in essential sectors, the economic landscape becomes increasingly challenging for consumers.
The proposed tariffs would have a significant impact on food prices, according to David Ortega, a food economist. Price hikes follow years of high inflation.
Inflated grocery prices aren't going away soon, especially after the U.S. imported nearly $10 billion worth of vegetables from Mexico in 2023.
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