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New Food Tariffs Could Spike Grocery Prices
Episode 1808
Published 10 months, 3 weeks ago
Description
Starting Aug. 1, new food tariffs will hit U.S. shoppers as part of the Trump administration’s trade policy. The Tax Foundation reports that many import taxes will rise, affecting food from major suppliers like Mexico, Canada, Brazil, the EU and China. Products most impacted include baked goods, coffee, fish and beer. With limited U.S. alternatives, families should expect higher grocery bills.
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