第一财经·2025-08-25 15:51Core Viewpoint - The article discusses the impact of rising tariffs on the U.S. food industry, highlighting the industry's push for exemptions from the Trump administration's tariffs due to potential price increases for consumers and challenges for domestic producers [2][3]. Group 1: Tariff Impact on Food Prices - Approximately 20% of food consumed in the U.S. is imported, and the average effective tariff rate on imported goods has reached 18.6%, the highest since 1933, potentially increasing average household spending by $2,400 by 2025 [3][4]. - The U.S. food industry is particularly concerned about tariffs on seasonal fresh produce, which could lead to significant menu price increases [3][4]. - The U.S. seafood industry relies heavily on imports, with 85% of seafood consumption dependent on foreign sources, and the shrimp supply is 90% imported, primarily from India [6][4]. Group 2: Industry Responses and Financial Implications - Major retailers like Walmart and Target have reported rising costs due to tariffs, with Walmart's same-store inflation rate increasing by 1.1% year-over-year, which is more than double the previous quarter [7][8]. - Target's sales have slowed, and the company is negotiating with suppliers to avoid passing on tariff-related price increases to consumers [8][7]. - Economists predict that overall inflation in the U.S. could rise from 2.5% in the second quarter to around 3.5% by the end of the year, influenced by the rising costs of imported goods [9].