President Donald Trump’s tariffs aren’t the main catalyst for accelerating Thanksgiving feast prices in the US, with supply disruptions playing a bigger role, according to Bloomberg Economics.
Although tariffs are bulking up the cost of imported goods like coffee and bananas, more than three-quarters of the rise in food prices come from products with low import dependence, driven by beef and other meats.
“Tariffs aren’t the full story behind the rise in grocery prices,” Bloomberg Economics’ Nicole Gorton-Caratelli and Troy Durie wrote in a note. “And when it comes to this year’s holiday, they’re not driving up the cost ...
