- Plans to lower the price of eggs can be disturbed by tariffs. Trump’s administration in March announced that it would introduce eggs from other countries to make up for a price increase in US tariffs, however, could result in higher prices, and one supplier is facing 26% tariff. Brooke Rollins Secretary of Agriculture acknowledged the possibility on Thursday.
Donald Trump’s plan to lower the price of eggs across America could be pierced by his desire for tariffs.
Two weeks ago, Minister of Agriculture Brooke Rollins said Trump’s administration planned import millions of eggs From Turkey and South Korea (among other countries) to an increase in supply and lower prices.
These prices are increasing due to the care of bird flu, resulting in the slaughter of millions of chickens and a subsequent lack of eggs from the domestic produced.
The tariffs, however, announced this week, could result in increasing prices, just as egg prices start to decline. Tariffs to Turkey grew from less than 1% to 10%, while the products on South Korea products increased from 4% to 26%.
The chicken population is Starting to recover From slaughter, but Rollins admitted in his comments last month that it could take several months before the industry returned to full power.
The projection of the US Ministry of Agriculture, Issued on March 25Egg prices provided this year will increase 57.6%. Egg prices have decreased in recent weeks but wholesale prices are still 60% more Now than they were at this time last year, an average of $ 3 per a dozen.
Speaking Fox News, Rollins admitted that tariffs could cause prices to remain high.
“I will not sit here and say,” Oh, everything will be perfect and prices will go down tomorrow, “because this is an uncertain time,” Rollins said.
The United States introduced more than 1.6 million tens of chicken eggs in January and February.
This story is originally shown on Fortune.com
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