Source link : https://newyork-news.info/what-tariffs-might-do-to-grocery-costs-in-nyc-space/
Whereas tariff charges have been altering over the previous couple of days and weeks, what hasn’t modified is client warning, as consumers navigate the most recent developments. They proceed to maintain a watchful eye on their budgets.
On the Hunts Level Produce Market within the Bronx, bananas there on Wednesday can be among the many final batches arriving on the market with zero tariffs.
Prime Banana, at Hunts Level, imports 1,000,000 kilos of bananas every week from Costa Rica, Honduras and different Central American international locations. Whereas President Trump put a 90-day pause on the “reciprocal” tariffs, the ten% baseline tariff will nonetheless be in impact for these and most different international locations.
So the price of some bananas to customers will possible be larger quickly.
“If we have a ripening process of five to seven days, that fruit with the tariff applied is going to be in about a week from Sunday,” stated Dan Barabino, the chief working officer for Prime Banana.
No matter tariffs, the buyer does play an vital position.
“So in the short term, prices are definitely going up, but it’s a complex equation between consumers, and supply and demand,” Barabino stated.
At Stew Leonard’s supermarkets, they plan to carry the road on costs and soak up any improve. The director of their Yonkers retailer identified that extra U.S. grown produce might be obtainable quickly.
NBC 4’s Andrew Siff takes a take a look at how the…
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Author : newyork-news
Publish date : 2025-04-10 03:02:00
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