Expert Predicts: How Tariffs Will Boost Grocery Prices

One of the biggest news stories of the past week has been how U.S. tariffs have impacted not only the U.S. stock market but also the global economy It has been quite an unstable period over the last few days, and the S&P 500 has experienced its worst losses due to the pandemic starting in 2020.

However, the implications of the tariff news extend beyond just stock markets. The recently announced U.S. tariffs have the potential to significantly affect food prices for American consumers as well.

Therefore, how much additional cost can the typical American expect to incur during their weekly shopping expedition for groceries?

According to Phil Lampert, the Supermarket Guru The tariffs being implemented by the U.S. globally could increase your expenses at the checkout lane in supermarkets, potentially raising prices by up to 30%, according to him. He specifically mentions that the trade dispute with China will affect the pricing of various frequently used seasonings and tea.

Don't overlook the fact that China manufactures 90% of the globe's garlic supply, and this ingredient plays a crucial role in many frozen food products. he tells Fox5 Our apple juice— they provide 60% of the apple juice concentrate imported into this nation. Therefore, we will need to reassess our purchasing strategies and methods.

Nevertheless, he's advising folks not to go overboard with the price increases. "Don't worry excessively, don’t buy in excess—because that won't help anyone," he states.

Products such as seafood, coffee, beer, wine, bananas, pineapples, avocados, chocolate, pecans, cashews, brie, and gouda are also expected to be affected.

Lampert also tells Fox5 that the higher prices It could extend past what consumers spend at the grocery store. “No doubt about it — every place that deals with food, be it a supermarket, a restaurant, McDonald’s, you know, all of these establishments, along with hospitals and schools, will feel the impact of these tariffs,” he clarifies.