Food Prices: Canada is a major supplier of meat and meat products to the U.S. The 25% tariff is expected to increase the cost of these imports, leading to higher prices for consumers. Additionally, Mexico, which is also facing a 25% tariff, supplies a substantial portion of the U.S.’s fresh produce. About 63% of all vegetables and 50% of fruits and nuts consumed in the U.S. are imported from Mexico. The tariffs on Mexican imports are expected to further contribute to rising food prices. Overall, these tariffs are anticipated to exacerbate existing inflationary pressures on essential goods, affecting household budgets across the country.
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