Grocery Prices Likely to Rise with Tariffs; Consumer Group Says 15% of US Food Supply is Imported
It's the question everyone is asking: How are tariffs going to affect grocery prices in the United States?
It depends, those in the food industry say. The nation produces and manufactures a lot of its food domestically, but also relies a lot on imported goods.
However, "the short answer is yes, prices are going to go up," said David Ortega, a food economist and professor at Michigan State University. "They may not skyrocket for all imported products, but they will go up..."
To Read Full Story Login Below.