gtag('config', 'G-0PFHD683JR');
Price Prediction

Trump’s plans to import eggs to reduce consumer prices. Then the “Editorial Day” tariff came


  • Egg price reduction plans can be disrupted by tariffs. The Trump administration said in March that it will import eggs from other countries to compensate for prices in US tariffs, though, could lead to high prices, with one 26 % resource. The Minister of Agriculture, Brock Rollins, admitted the possibility of Thursday.

Donald Trump’s plan may have been cracked to reduce the price of eggs throughout America because of his desire to definitions.

Two weeks ago, Minister of Agriculture Brock Rollins said that the Trump administration was planning to import millions of eggs from Türkiye and South Korea (from other countries) to increase the supply and lower high prices.

These prices were rising due to bird flu fears, which caused millions of chicken and a later deficiency of locally produced eggs.

However, the definitions announced this week can lead to price increase, just as egg prices begin to decrease. The definitions of Türkiye increased from less than 1 % to 10 %, while the product tax from South Korea increased from 4 % to 26 %.

The chicken residents began to recover from the massacre, but Rollins admitted in its comments last month that it might take a few months before the industry returned to its full power.

Drop from the US Department of Agriculture, March 25 releasedThe expected egg prices will increase 57.6 % this year. Egg prices have decreased in recent weeks, but wholesale prices are still 60 % higher than they were at this time last year, with an average of $ 3 per scales.

Speaking to Fox News, Rollins admitted that the tariffs may cause prices to remain high.

“I will not sit here and say,” Oh, everything will be perfect and prices will decrease tomorrow, “Rollins said.”

The United States imported more than 1.6 million chicken chicken eggs at the consumer level in January and February.

This story was originally shown on Fortune.com

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button