As 90% of Americans say grocery prices are a major source of stress, the nation's top grocery chains have said they're passing the cost of Trump's tariffs onto consumers, according to a new report.
It’s not just domestic companies being greedy (though they definitely are) they kinda have to raise prices to avoid shortages. Basic supply and demand pressures.
In the long term they could expand their production and lower the prices, which is theoretically the point of the tariffs. But no one is going to make that long term investment because of the likelihood that the tariffs will be ruled illegal by the courts and general TACO stuff.
It’s not just domestic companies being greedy (though they definitely are) they kinda have to raise prices to avoid shortages. Basic supply and demand pressures.
In the long term they could expand their production and lower the prices, which is theoretically the point of the tariffs. But no one is going to make that long term investment because of the likelihood that the tariffs will be ruled illegal by the courts and general TACO stuff.