Business

Tariffs for Breakfast, Lunch and Dinner

 

Family members who only eat mac n cheese and chicken tenders are in for a tough time as the Trump administration pushes through tariffs on the U.S. closest trading partners. Those accustomed to eating out for breakfast are already finding upcharges of a dollar or two more on an order of eggs. 

The administration’s tariffs are already impacting coffee prices. The convicted felon in the Oval Office recently imposed a 25% tariff on Colombian coffee over migrant repatriation. Although this tariff was temporarily suspended, the uncertainty has led to a surge in coffee prices, with arabica coffee futures reaching $3.56 per pound, a level not seen since 1977. 

If you like a Wednesday night margaritas or a nightcap of Canadian whiskey, tariffs will raise the price for those guilty pleasures.

According to the US trade group, the Distilled Spirits Council, the U.S. imported $4.6 billion worth of tequila and $108 million worth of mezcal from Mexico. From Canada, the U.S. imported $537 million worth of Canadian spirits and $202.5 million worth of whiskey.

The council also said Canada and Mexico were the second- and third-largest importers of U.S. spirits in 2023, behind the European Union.

As it is, the U.S. is already facing a 50% tariff on American whiskey by the European Union, which is set to begin in March. Imposing tariffs on Mexico and Canada could pile even more retaliatory action on the industry.

 

Terelle Jerricks

During his two decade tenure, he has investigated, reported on, written and assisted with hundreds of stories related to environmental concerns, affordable housing, development that exacerbates wealth inequality and the housing crisis, labor issues and community policing or the lack thereof.

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