(AURN News) — A new round of food tariffs is set to hit U.S. shoppers on Aug. 1 — and for families already stretched thin, the timing couldn’t be worse.
Under the Trump administration’s trade policy, import taxes on many food products will increase for more than 80 countries. A new report from the Tax Foundation says nearly three-fourths of America’s food imports are already taxed, and many of those rates will climb higher — in some cases exceeding 30%.
The European Union’s food exports, for example, are scheduled to see tariffs increase from 10% to 15%. Brazil, Canada and Mexico are also among the countries affected.
The Tax Foundation reports that about 63% of agricultural imports from Canada and Mexico are exempt under the U.S.-Mexico-Canada Agreement, but other goods from those countries will still face tariffs — rising to as much as 35%.
Mexico, Canada, the European Union, Brazil and China are the top food exporters to the U.S. — together accounting for about 62% of all U.S. food imports in 2024, according to the Tax Foundation.
Among the products most affected are baked goods, liqueurs and spirits, coffee, fish and beer — which totaled $46.5 billion in 2024, about one-fifth of total food imports.
Unlike manufactured goods, food isn’t easy to replace with U.S.-grown alternatives. The report cites land scarcity, climate limits and consumer demand as major barriers.
In the end, it means you will be paying more.
Click play to listen to the AURN News report from Jamie Jackson:
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