The president of O’Leary Ventures, Kevin O’Leary, joined “ Fox & Friends ” to discuss his conversation with President Donald Trump concerning the prices on Canada and Mexico and the complaint of Elon Musk, the American treasure has approved fraudulent payments.
A band of food will be affected by radical prices that the United States placed on the main trade partners in order to limit the flow of illegal drugs and immigrants in the country, according to experts.
Grocery retailers already operating on thin, thin margins of razors – often ranging from 1% to 5% – These companies can be inclined to pass the costs to customers, according to Kelly Beaton, the chief content of the Food Institute.
While the Mexican import prices are suspended for a month, the United States is still following plans to impose a price of 25% on imports from Canada as well as a tariff of 10% of imports from China In response to the “threat posed by illegal foreigners and drugs, including fatal fentany,” the White House said in a statement.
Trump’s prices take effect on Saturday: what to know
Canada retaliated with a 25% levy on American imports which would take effect on Tuesday, and the Chinese government, which also disputes Trump’s decision, provides for “respective countermeasures to reliably defend its rights and interests “, According to reports.
A customer is underway in a grocery store on February 13, 2024 in Chicago. (Scott Olson / Getty Images)
When prices are implemented, including those pending against Mexico, the Institute said that food and drinks “will soon cost more”, which has referred as examples.
She also added that “consensus seems to be that cereals could also cost more in America, because it is a common import of the three countries that Trump has targeted with prices”.
The prices offered by Trump could increase food prices, say the experts
There will also be an impact on imported dairy products, meat and various vegetables, although it is difficult to determine what it will look like, according to experts.
The United States is getting a significant amount of its pigs and beef imports from Canada, so there will undoubtedly be “higher costs linked to the import of these animals and will probably result in higher prices for Beef and pork in America, said Beaton.

A buyer inside a grocery store in San Francisco on May 2, 2022. (David Paul Morris / Bloomberg via / Getty Images)
Sylvain Charlebois, professor and principal director of the agro-food analysis laboratory, also underlined the threat for meat prices taking into account the dependence in the United States on Canada for such products, in particular the beef and the pork.
“Canada is a key supplier to the American meat market, and all additional costs of prices could increase the prices of American consumers,” said Charlebois, adding that the United States already find it difficult to maintain supply in beef due to drought and production problems.
The restriction of Canadian imports will only “tighten the market and contribute to inflation in this category,” added Charlebois.
There may also be “notable price increases” for seafood, especially lobster and snow crab, especially in coastal regions where Canadian seafood are common. Stores may be forced to search for other sources, which could lead to higher prices for consumers, or they can reduce stocks, said Charlebois.
But fresh products are also at risk. For example, vegetables grown in the greenhouse in Canada, such as tomatoes, peppers and cucumbers, play an important role in the American grocery supply, especially during the colder months.

A buyer inside a general market store in Saddlebrook, New Jersey, on February 29, 2024. (Gabby Jones / Bloomberg via / Getty Images)
Anyway, the biggest problem, said Charlebois, is that “the broader impact of these prices could exacerbate food inflation in the United States” at a time when households are already struggling with Price of the grocery store.
“Although the full effect will depend on how retailers and suppliers react, prices are almost sure to increase costs for American consumers, especially in categories where Canada plays a crucial role in supply . This decision could further reduce household budgets, especially for the mid -income and the low -income Americans who are already dealing with the increase in life costs, “said Charlebois.
The prices offered by Trump could increase food prices, say the experts
Democrats and opponents have long argued that the cost of prices would only be transmitted to American consumers. In recent months, many retailers have raised concerns about the prospect that prices increase the costs of their products or even forced them to reduce stocks.
Trump declared Sunday in an article on social networks that could “be” pain “for the Americans, but that” all this will be worth the price that must be paid “.
The White House declared in a press release that the samples are a tactic for Trump “to hold Mexico, Canada and China responsible for their promises to stop to interrupt illegal immigration and the stop of toxic fentanyl and Other drugs to sink into our country “.
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The prices send a message “that the flow of smuggling drugs like fentanyl in the United States, through illicit distribution networks, created a national emergency, including a public health crisis”, said the White House .