Red meat prices, particularly beef, have surged over 40% since 2019 due to inflation, drought conditions, and high grain prices. While prices have stabilized recently, the potential for new tariffs from the Trump administration poses a new threat, particularly targeting beef imports from Mexico and Canada, which account for half of all U.S. beef imports. If these tariffs are implemented, experts warn of another significant price increase for consumers, further straining budgets that have already been impacted by high grocery prices over the past few years.
American consumers have been rocked by inflation, especially at the supermarket where prices have risen over 30% since 2019, with red meat costs up over 40%.
One growing concern is the potential for new tariffs imposed by the Trump administration on beef imports from Canada and Mexico, which account for half of those imports.
Low supply due to drought, high grain prices, and persistent demand have all contributed to the elevated prices of red meat over the last few years.
If tariffs on beef imports from Mexico and Canada do take effect, it could lead to a significant increase in red meat prices once again.
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