Rising tariffs imposed by President Trump on imports from China, Mexico, and Canada are aggravating existing food price inflation in New York. The tariffs, totaling up to 25%, are expected to push ingredient costs even higher for restaurants already grappling with pandemic-related price hikes and avian flu impacts. Industry experts, like restaurateur Matt Diaz, are concerned about the unpredictability of these price changes and suggest a need for recalculating food costs regularly. Retaliatory tariffs from the affected countries add further complexity to the situation, impacting both markets and consumer prices.
So many prices have been going up basically weekly, so it's hard to figure out how or when to make changes.
With the tariffs now, it will certainly be a good time to recalculate food costs and see.
The price of items from Mexico such as avocados could go up as much as 50 cents apiece.
Governments are taking other measures such as Ontario pulling all U.S. alcoholic and nonalcoholic beverages off shelves.
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