Overview

• President Trump’s August 7 orders impose 15–41% duties on imports from more than 67 countries and a 50% tariff on Brazilian coffee.
• Retailers are working through existing stock to postpone full pass-through of new import costs to consumers.
• Government data show June ground beef prices rose nearly 12% to $6.12 per pound and uncooked beef steaks climbed 8% to $11.49.
• Early price hikes in coffee, chocolate and produce reflect the combined effect of the new levies and weather-related supply disruptions.
• Yale Budget Lab and The Tax Foundation project these measures will lift food costs by about 3% in the short term and saddle the average household with roughly $2,000 in extra annual grocery expenses.