Source: Mac Slavo

The perhaps unintended consequences of the Trump Administration’s trade war on China and other countries will be rising food prices for the American consumer. Food could also become scarcer as it becomes more expensive to move it around globally.

For example, fresh tomatoes imported from Mexico are about to become scarcer and pricier thanks to the Trump administration’s withdrawal from the Tomato Suspension Agreement with Mexico. But the real problem is the imposition of a 17.5 percent tariff (tax on the American consumer) on fresh Mexican tomatoes, according to researchers at Arizona State University, as reported by the Brownsville Herald. 

The Border Trade Alliance, a cross-border trade advocacy group, cites the ASU study in decrying the U.S. Commerce Department’s formal withdrawal from the pact and imposition of tariffs. BTA President Britton Clarke said in a statement that the organization regrets the Commerce Department’s withdrawal from the agreement, created in 1996 and last updated in 2013, that has regulated the U.S.-Mexico tomato trade for decades. –Brownsville Herald. 

It’s a move that hits shoppers in the wallet,” Clarke said. “As a result of this decision and the establishment of tariffs on fresh tomato imports from Mexico, U.S. consumers will face higher prices on popular tomato varieties.” This is all a part of the upcoming food crisis problem we’ve been warning everyone about from the beginning.  Facing bankruptcies and flooding, U.S. farmers are going to have to way to keep up with the demand. The only logical result: those who can afford to eat will get to. All of these costs will be passed on to the American public; 78% of which already live paycheck to paycheck.

Read More

Advertisements