Reported 2 days ago
President Trump’s decision to double tariffs on foreign steel and aluminum to 50% may lead to higher grocery prices, contradicting his pledge to reduce food costs. As these metals are widely used in packaging, experts warn that rising costs could affect various consumer products, from canned goods to fresh produce. Companies like Campbell and ConAgra are already facing pressure to raise prices due to increased tariffs, emphasizing the broader economic impact of these tariffs on American families and highlighting a potential adverse effect on local food producers.
Source: YAHOO