Shoppers will pay more for bananas, coffee and toilet paper because of tariffs, trade group says
Shoppers will likely pay more for coffee, bananas, vanilla and toilet paper over the coming weeks as the Trump administration's new tariffs go into effect.
In other cases, decadeslong shifts in the U.S. agricultural system mean domestic supply will not be able to meet demand easily.
For example, more than 90% of oats milled for food in the U.S. come from Canada to be turned into cereal, the CBA said. But U.S. oat acreage peaked more than a century ago and has been declining in the decades since then, according to the U.S. Department of Agriculture. The domestic food system can no longer grow, store or transport U.S. oats at the scale necessary to meet demand, the CBA said.
Shoppers will likely also find themselves paying more for inedible household staples. Toilet paper, diapers, lotions and shampoo could become more expensive as manufacturers pass on the increased costs for
wood pulp, bamboo fibers, shea butter and palm oil, according to the CBA. For example, the U.S. imports most of its palm oil supply from Indonesia, which now faces a 32% duty.
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