By Admin 
Trump Tariff: US President Donald Trump has increased tariffs on more than 80 countries since August 1. Whereas the baseline tariff of 10 percent is already applicable on 71 percent goods imported in the US. Now it is obvious that due to tariffs, goods coming from abroad will become expensive. Especially, food and drink. In America, large-scale food items are sourced from other countries.
Banana will become expensive from cake to smoothie
Take bananas in this case now. In the US, chips made of Banana cake, smoothie, banana are used well, but the capacity of banana production is limited here. In 2023, the US imported bananas worth more than $ 2 billion. Most of these bananas were imported from Guatemala and Central American countries. Now by applying imports on bananas, people in America will have to pay a higher price for the purchase of bananas.
Canada and Mexico imports a lot
Even though America is the world’s largest economy, it has a lot of dependence on other countries for food and drink. The US asks to the most food items from Canada and Mexico. On the one hand, from Canada to the US, it imports wheat, barley, maize, maple syrup, oats, canola oil, lobster, fish, meat.
At the same time, broccoli, tomato, onion, lemon, spinach, capsicum, avacado, latus, sugar, walnut watermelon, mango, strawberries, asperegus imports from Mexico. The US has a 35 percent of Canada, which has a share of about 12.6 percent in American imports and has imposed 25 percent tariffs on Mexico. Now if imports are expensive, then it will affect the cost of things.
In 2024, the US imported about $ 221 billion food products, out of which Trump’s tariff came into force at 74 percent ($ 163 billion). The US Top-5 Food Exotters include Mexico, Canada, European Union, Brazil and China, which has a 62 percent stake in Total Food Import in the US.
🇺🇸 where the US imports its food from:
🇦🇺 Australia: Sheep meat 🥩
🇧🇷 Brazil: Orange Juice 🥤
🇨🇦 Canada: Mushrooms, Potatoes 🥔, Bovine Cuts 🥩, Swine Hams 🥩, Fresh Fish 🐟, Lobsters 🦞, Crabs 🦀, Canola Oil, Wheel, Wheeat 🌾, Maize, Oats, Barley, Mapleyyy, Maple Syrup 🍁
🇨🇳 China: Appleā¦– World of Statistics (@Stats_feed) August 27, 2024
Equal goods from China and India
The US has imposed a 30 percent tariff on China, while China is imported the most Apple juice and frozen fish in the US. The US has imposed 25 percent tariffs on India, while India has a massive export of shrimp fish in American markets.
According to government data, in 2023-24, India sent 17,81,602 metric tonnes of seafood (Rs 60,523.89 crore) to the US. These included 2,97,571 metric tonnes of frozen shrimp. The US has imposed 50 percent tariff on Brazil, while coffee, meat, orange juice is imported from there. There is a lot of demand for ‘Brazilian coffee’ in America. In such a situation, people will now have to pay a higher price to apply this sip.
Apart from these, Butter from Ireland, coco powder from the Netherlands, rice from Thailand, cashew and pepper from Vietnam, Palm Oil from Indonesia and cocoa butter, milk from New Zealand, grapes from Chile, Lamb Meat from Australia, Coffee from Columbia.
Also read:
The impact of Trump’s tariff, India’s export may decrease for the US; Revealed in GTRI report