Trump's tariffs will increase July 4 barbecue costs: Democratic report ...Middle East

News by : (The Hill) -

President Trump’s tariffs have increased the price of beer, beef and grilling ahead of holiday celebrations for Independence Day, according to analysis from Democrats on the Joint Economic Committee.

A Thursday report from the minority says the new price for a six-pack of bottles of Miller Lite American Lite Lager Beer has increased by 13.6 percent while grill tool costs went up by 17.7 percent since the start of April.

Sunscreen prices also jumped by 8.1 percent as did aluminum foil, with a 6.9 percent markup.

The Democrats said the “so-called ‘Liberation Day’ tariffs” were unpredictable policies causing a rise in economic uncertainty.

Their findings show the cost of a grocery store trip for a cookout increased by a 12.7 percent annualized rate in the months following Trump’s reciprocal tariff measure.

The Joint Economic Committee minority said impacts are reflected in the price of ground beef and ice cream, which saw a 30-year high in May. 

Data from the Consumer Price Index was used by the Joint Economic Committee minority to calculate the price increase for popular food and beverage items for a 10-person summer cookout.

The Hill has reached out to the majority of the Joint Economic Committee and the White House for comment.

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