President Trump's administration has transformed federal policies significantly, including imposing tariffs that affect fruit imports. With the recent 10% tariffs on goods from several countries, economists warn that prices at grocery stores may rise, especially on perishable items like fruits that are supplied directly from wholesalers. However, the competitive nature of grocery chains means that not all prices will increase uniformly; some may absorb the costs or adjust prices carefully to retain customers. Essentially, while the tariffs will have an impact, grocery stores may employ various strategies based on competition.
"We're talking about fruits and produce, especially where the supply chain is pretty short, where it will likely go to a wholesaler to a grocer directly, it would be like adding a 10% sales tax on the goods."
"Grocery chains are an incredibly competitive market, and so they don't want to be scaring off consumers by rising prices on goods that consumers keep track of."
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