Eat This, February 2025
Costco shoppers could soon see rising grocery prices as tariffs remain a looming threat. While the U.S. initially planned to impose hefty 25% tariffs on imports from Canada and Mexico, both have been temporarily delayed for 30 days in exchange for border security measures as negotiations continue. “While importers could absorb part of the tariff, historical evidence suggests most of the tariff burden will be passed on to consumers.
Prices are likely to increase close to the tariff rate, meaning a 25% tariff on food imports from Mexico and Canada will likely increase prices for imported goods by a similar margin,” economist Dr. Shawn DuBravac told Food & Wine. “This price adjustment would likely happen in a single step rather than gradually over time, though some lag may occur as existing contracts and inventories deplete.” These changes may eventually impact your Costco shopping experience—here are 13 grocery item prices that could go through the roof if tariffs go into effect.
