Food prices in US set to rise again—here’s your guide on what to stock

Donald Trump’s tariffs on Canada and Mexico will soon come into effect. The two allies of the US are top suppliers of food and beverages. Experts have predicted that prices of various essential goods will see a rapid hike.

Donald Trump, soon after assuming office for his second term, announced 25 per cent tariffs on Canada and Mexico before freezing it for a limited period after market backlash.

Which food items will be affected?

As per media reports, the impact of tariffs will be felt across a wide range of products. This could cause supply chain disruptions and high demand will prompt further increase in price. A New York Post report stated that experts have warned following foods will be affected:

• Meat and Seafood: Since over 50 per cent of fresh red meat imported in the US comes from Canada along with poultry, processed meats, and shellfish, prices of beef, pork and seafood will likely increase sharply.

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• Fruits and Vegetables: Since Mexico supplied billions of dollars worth of fruit and vegetables to the US, price hikes are expected to hit avocados, tomatoes, berries, peppers, cucumbers, leafy greens, and others.

• Nuts and Legumes: Mexico is also the second-largest exporter of nuts to the US and leading supplier of groundnuts. The tariff hike could cause a hike in prices of products like gluten-free flour alternatives. Additionally, canned legumes from Canada and Mexico like beans and lentils will likely become more expensive too.

• Cereal, Sugar, and Maple Products: Other key exports from Canada and Mexico like sugar, orange juice and cereals will also likely see price hike, thereby affecting everyday grocery staples.

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