国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Tariff-troubled US fears not-so-happy holidays

Rising prices of goods, produce dim prospects for Thanksgiving, Christmas

By BELINDA ROBINSON in New York | CHINA DAILY | Updated: 2025-11-10 07:17
Share
Share - WeChat
Shoppers look at canned fish on display on Nov 4 at a market in South Burlington, Vermont. Food prices have increased nearly 30 percent since 2020, according to the US Bureau of Labor Statistics. ROBERT NICKELSBERG/GETTY IMAGES

Candy crush

The sweet taste of chocolate also soured amid higher prices in stores, creating more tricks than treats this Halloween.

Candy was 10.8 percent more expensive compared with 2024, according to Groundwork Collaborative, a progressive think tank. Last year, Americans spent about $7.4 billion on chocolate and candy for Halloween, the National Confectioners Association said.

Ghana and the Ivory Coast, which together produce 60 percent of the world's cocoa, were hit by bad harvests due to adverse weather. Also at play were higher cocoa bean prices. Some US businesses that buy cocoa were hit by tariffs and had to pay farmers in Latin America.

The levies have even threatened to upend the morning routines of Americans. A "cup of Joe" got pricier after Trump declared a national emergency in July and slapped a 50 percent tariff on coffee imports from Brazil.

"About 30 percent of US coffee imports come from Brazil," David A.Gantz, an economist at Rice University's Baker Institute for Public Policy, told China Daily. "The US is the largest consumer of coffee worldwide, with annual imports of beans and ground coffee estimated at around $8 billion worth per year."

The average price of a pound of ground roast coffee was about $7.93 in May 2025, up from roughly $6.30 per pound (454 grams) on average in 2024.

Gantz said coffee lovers will probably be willing to pay extra as the increased prices via the tariffs will be passed onto the consumer.

He also warned: "Increased Trump tariffs on steel, aluminum, copper and automotive goods, and other goods imports from virtually all US trading partners, will have a far greater negative impact on the US economy than coffee tariffs."

Trump used the emergency International Emergency Economic Powers Act and Section 232 of the Trade Expansion Act of 1962 to enact the tariffs. The move has faced opposition from senators from both sides of the aisle.

On Nov 5, the US Supreme Court heard arguments over whether Trump has overstepped his use of the IEEPA to impose tariffs on nations worldwide. Some collected duties could be refunded depending on the court's decision.

It is not just the US economy that will see fallout from the tariffs. Data from S&P Global estimates that tariffs could cost global businesses over $1.2 trillion this year and most of the costs could be passed onto the consumer.

|<< Previous 1 2 3 4 Next   >>|
Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
秦皇岛市| 军事| 即墨市| 滁州市| 科技| 汝阳县| 江源县| 察雅县| 漳浦县| 阿克陶县| 周至县| 闽侯县| 太白县| 苏州市| 梓潼县| 廊坊市| 台前县| 马公市| 姜堰市| 项城市| 峨眉山市| 克什克腾旗| 长武县| 东辽县| 崇义县| 巴塘县| 区。| 长海县| 连云港市| 梅州市| 万州区| 阿图什市| 太原市| 巴彦县| 平潭县| 资溪县| 永州市| 佛山市| 临邑县| 西峡县| 文登市|