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He also said he intends to put a 10% tariff on those imported from China.
Should this occur, it could lead to higher prices on foods from those countries.
With that in mind, here arekey grocery items that could rise in price in 2025.
Certain grocery items from Mexico might also become more expensive.
According to the USDA, the typical lowest-income household spent $5,278 on food in 2023.
Middle-income households spent closer to $8,989 on food that year.
Those in the highest income brackets spent nearly $17,000.
This is 32.6%, 13.5% and 8.1% of their after-tax income, respectively.
Whether or not this seems like a lot really depends on your household income.
Those withspecial dietary restrictionsor needs can also expect to spend more if these tariffs come into effect.
And of course, it wont be just grocery prices that are affected.
And these economic effects may only be amplified by the likely retaliation of other countries on Americas exporting businesses.
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