Quality maybe but there’s no reason domestically produced food should go up a lot. The fact that China refused tons of pork and soy beans imports from America means there will be a glut and that means terrible finances for farmers but hardly expensive food.
You’re not giving capitalism enough credit. Corporations and businesses are not altruistic. If they can get away with slowly raising prices to increase profit margins, they will.
That’s a hell of a lot easier to actually achieve when you don’t have foreign produce acting as competition and consequently sanity-checking domestic prices. Foreign suppliers implicitly set a ceiling for how much a product can cost since the market would shift to using them if they became the cheaper option.
To make matters worse, tariffs are a very nice excuse for retailers to raise prices across the board using the excuse that “it costs us more to get it, so it has to cost you more to buy it.” If we’re lucky, they’ll raise foreign goods by the exact amount they’re paying more for them and only choose to raise domestic good prices (for profit) by only some fraction of that amount.
Domestically produced food shouldn’t go up that much.
If the value of money goes down, prices go up.
When all of the regulations go out the window, affordable or not, food quality is going to slide into the dumpster.
Quality maybe but there’s no reason domestically produced food should go up a lot. The fact that China refused tons of pork and soy beans imports from America means there will be a glut and that means terrible finances for farmers but hardly expensive food.
huge, unexpected profits for groceries?
You think grocers will pass the savings on?
I’ve already seen prices go up considerably at basically any grocery store I’ve been at. Capitalists will continue to increase the prices regardless.
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Either a bot or: Tell me you played sportsball in a small town highschool without telling me you played sportsball in a small town in highschool!
Whoever let gave you a passing grade in economics only did it so you could ahoot the game winning 3 point score.
If your competition cost more then you can raise your prices too!
Most food in the US is domestically produced, so no. The US is a huge exporter of food outside of specialty goods and tropical things.
You’re not giving capitalism enough credit. Corporations and businesses are not altruistic. If they can get away with slowly raising prices to increase profit margins, they will.
That’s a hell of a lot easier to actually achieve when you don’t have foreign produce acting as competition and consequently sanity-checking domestic prices. Foreign suppliers implicitly set a ceiling for how much a product can cost since the market would shift to using them if they became the cheaper option.
To make matters worse, tariffs are a very nice excuse for retailers to raise prices across the board using the excuse that “it costs us more to get it, so it has to cost you more to buy it.” If we’re lucky, they’ll raise foreign goods by the exact amount they’re paying more for them and only choose to raise domestic good prices (for profit) by only some fraction of that amount.