Moneywise: ‘Can’t even afford to pick them’: Florida farmers plowing over perfectly good tomatoes as tariffs cause prices to plummet. How farmers are reacting

Tony DiMare’s family owns 4,000 acres of tomato farms across Florida and California. Sadly, his Florida crops are not looking good — mowed over and left to rot, like tomato vines across the state.

But it’s not growing conditions that are the problem. It’s economic ones.

DiMare told WSVN 7 Miami that President Donald Trump’s tariff and immigration policies are driving farmers to abandon their crops.

In January, he warned that Trump’s crackdown on migrants would squeeze farmers, who rely on migrants to pick produce.

“We have to secure our borders south and north, but you have to have a workforce in this country,” he told the Financial Post.

Deportations devastate farm workforce

About 50% of farm workers in the U.S. are undocumented migrants — including skilled supervisors and machine operators — according to Farmonaut, a farm technology company.

As the Trump administration proceeds with mass deportations of undocumented migrants, there are far fewer pickers in the fields, and crops are left to go bad.

One spoke to WSVN about fellow migrants leaving Florida each day. He spoke on condition of anonymity, concerned he might be deported himself

“A lot of people are really afraid, and sometimes they come, sometimes they don’t come,” he said. “And the harvest is lost because it cannot be harvested.”

The labor shortage also means Florida farmers have to pay more for labor. At the same time, they’re getting less money for their produce due to Trump’s tariff policies.

Tariffs upset traditional supply chain

From January through April, Trump’s threatened tariffs triggered Mexican suppliers to double or even triple tomato exports to the U.S. — before tariffs went into effect.

The result? The U.S. market was flooded with Mexican tomatoes. Florida farmers saw the wholesale price of a box of tomatoes plummet from $16 per box to $3 or $4. DiMare said tomato farmers need around $10 or $11 per box to break even.

“You can’t even afford to pick them right now,” said Heather Moehling, president of the Miami-Dade County Farm Bureau. “Between the cost of the labor and the inputs that goes in, it’s more cost-effective for the farmers to just plow them right now.”

It’s not just Florida tomato growers feeling the pinch. Canada has imposed a 25% tariff on U.S. watermelons in retaliation for Trump’s tariffs on Canadian products. DiMare knows one watermelon grower who’s lost Canadian customers to Mexican watermelon suppliers as a result.

Prepare for higher food costs

Farmonaut notes that the impacts of tariffs and immigration policy on farmers will have a knock-on effect in grocery stores. If U.S. farmers don’t have enough workers to harvest crops, Americans will have to buy more imported produce, and pay more due to tariffs.

The Food Policy Center at Hunter College of New York City warns that the resulting surge in food prices will drive inflation — “stressing household budgets across the nation, and particularly hurting families in areas with high food insecurity.”

While farmers have few options but to hope the political upheaval will end, consumers should prepare to mitigate those costs.

One way to do that is to buy a membership in a Community Supported Agriculture (CSA) organization. You’ll be supporting local farmers and getting local, less costly produce delivered to your door.

In addition to shopping frugally by clipping coupons and shopping sales flyers deals, you can get creative in the kitchen. For example, you can limit food costs by planning weekly menus around seasonal and affordable foods.

https://moneywise.com/news/economy/florida-farmers-now-plowing-over-perfectly-good-tomatoes-as-trumps-tariff-policies-cause-prices-to-plummet

GoBankingRates: Trump’s Tariffs: How Much 5 Popular Items Have Increased in Price Since April

When President Donald Trump announced sweeping import tariffs in April, the move was expected to ripple through the economy. The impact is evident in the prices of everyday goods. According to the latest Consumer Price Index (CPI) data, consumer prices climbed 2.9% year-over-year in August. That’s above the Federal Reserve’s 2% inflation target.

Some categories have been less affected, but goods like coffee, bananas, televisions, toys and jewelry have seen sharp price hikes due to the tariffs. Here’s how much these five popular items have gone up since April.

Toys

Toys have been affordable over the years due to overseas manufacturing. However, tariffs has made toy prices jump 2.5% since April, according to CPI data. Near three quarters of the toys sold in the U.S. are imports from China, where many shipments now face up to 30% tariffs.

TVs

TV prices have been on a downward trend since the 1990s but with Trump tariffs they have risen 3.1% since April, per CPI data. Many TVs in the North American market are shipped from China, Vietnam and Mexico. Depending on the supplier, retailers can pay anywhere from 20% to 30%. If you’re in the market for a new TV, you may feel the pinch at checkout.

Jewelry and Watches

Luxury items have also been hit by the tariffs. And since the U.S. relies on imported jewelry components, jewelry and watch prices surged 5.5% in August, per CPI data. One of the reasons for the high spike is Trump’s 39% tariffs imposed on Swiss imports. Plus, India and Japan, major suppliers of diamonds and high-end mechanical watches were also hit with new tariffs. 

Coffee

Your caffeine fix got a lot more expensive, with coffee prices jumping 9.8% since April, according to CPI data. While the 10% global tariffs is the major contributor, the U.S. also grows less than 1% of coffee, relying heavily on imports. Additionally, Brazil — which provides more than a third of America’s Arabica beans, according to Detroit News — was hit with a 50% tariff last month.

Bananas

Bananas, which have a long history of stability despite where the economy goes, saw a 4.9% jump in prices between April and August, per CPI data. Besides, almost all the bananas in the U.S. market come from central and south America.

https://www.msn.com/en-us/money/other/trump-s-tariffs-how-much-5-popular-items-have-increased-in-price-since-april/ar-AA1NTSQ3

MSNBC: Farmers struggle amid rising costs and Trump’s tariffs: ‘We’ve got a real disaster’ [Video]

Hundreds of farmers in Arkansas gathered at a town hall last week to ask Congress for help over mounting debt, aging equipment and disappearing profits. One soybean farmer in the state, Scott Brown, joins Katy Tur to share how. President Trump’s tariffs are impacting his business. 

https://www.msn.com/en-us/news/other/farmers-struggle-amid-rising-costs-and-trump-s-tariffs-we-ve-got-a-real-disaster/vi-AA1MiGs7

MiBolsillo Colombia: 800,000 Jobs Lost in the U.S.: Are Trump’s Tariffs to Blame?

800,000 Jobs Lost in the U.S.: Are Trump’s Tariffs to Blame?

The U.S. labor market is experiencing a turbulent phase in 2025, with job losses reaching alarming levels. Reports indicate that over 800,000 jobs have been cut in the first seven months of the year, marking a 75% increase compared to the same period in 2024. This surge in job cuts is the highest since the COVID-19 pandemic in 2020, which saw over 1.8 million layoffs. 

A report by Challenger, Gray & Christmas highlights three primary causes for these job cuts. Among them, the economic conditions and uncertainty stemming from the tariffs imposed during Trump’s administration are significant contributors. These tariffs have increased the cost of essential inputs for many U.S. businesses, squeezing profit margins.

Andrew Challenger, a labor expert, noted that tariff-related concerns have directly impacted nearly 6,000 jobs this year. The lack of clarity on whether tariffs will remain, increase, or decrease adds to the economic uncertainty, making it challenging for businesses to strategize effectively. However, tariffs are not the sole factor in the current employment crisis.

The report also points to the controversial federal budget cuts enacted by the Trump administration, which have resulted in the loss of 289,679 jobs. These cuts have affected the federal workforce and its contractors, impacting non-profit organizations, the healthcare sector, and government operations. Agencies like the IRS are now struggling to fill critical gaps left by these reductions.

Technological advancements, particularly in Artificial Intelligence (AI), have emerged as another significant factor. The report indicates that automation and AI-related technological updates have led to the loss of 20,219 jobs, with an additional 10,375 cuts directly attributed to these advancements. This trend highlights a rapid shift in the labor market driven by the adoption of new technologies.

While Trump’s tariffs have undeniably contributed to economic uncertainty and job losses, the current wave of layoffs in the U.S. is the result of a confluence of factors. These include federal budget cuts and the rise of AI, which are reshaping the labor landscape. The interplay of these elements underscores the complexity of the employment challenges facing the nation.

https://www.mibolsillo.co/news/800000-Jobs-Lost-in-the-U.S.-Are-Trumps-Tariffs-to-Blame-20250908-0019.html

Reuters: US employment growth through March revised sharply lower

  • Revision estimate comes days after weak August nonfarm payrolls
  • Job growth was stalling before Trump’s tariffs, estimate shows
  • BLS revision estimate linked to birth-death model problems

The U.S. economy likely created 911,000 fewer jobs in the 12 months through March than previously estimated, the government said on Tuesday, suggesting that job growth was already stalling before President Donald Trump’s aggressive tariffs on imports.

The preliminary annual benchmark revision estimate to the closely watched payrolls data from the Labor Department’s Bureau of Labor Statistics (BLS) followed on the heels of news last Friday that job growth almost stalled in August and the economy shed jobs in June for the first time in four and a half years.

The revision estimate is equivalent to 76,000 fewer jobs per month. It implied that nonfarm payroll gains averaged about 71,000 per month, instead of 147,000. Economists had expected the estimated revision to be between 400,000 and 1 million jobs.

“This means labor market momentum is being lost from an even weaker position than originally thought,” said James Knightley, chief international economist at ING.

In addition to being hobbled by uncertainty stemming from trade policy, the labor market has also been pressured by the White House’s immigration crackdown, which has undercut labor supply. A shift by businesses to artificial intelligence tools and automation also is curbing demand for workers.

Once a year, the BLS compares its nonfarm payrolls data, based on monthly surveys of a sample of employers, with a much more complete database of unemployment insurance tax records, the Quarterly Census of Employment and Wages (QCEW) data.

A final benchmark revision will be released in February along with the BLS’ employment report for January. Government statisticians will use the final benchmark count to revise payroll data for the months prior to and after March.

Economists have attributed the revisions to the “birth-and-death” model, a method the BLS uses to try to estimate how many jobs were gained or lost because of companies opening or closing in a given month. These companies are not initially available for sampling.

Though economists at Goldman Sachs agreed the labor market had softened materially, they cautioned the revision estimate was too excessive. They noted the QCEW was prone to upward revisions and might have difficulties accounting for unauthorized immigrants.

“Our own model of net job gains from firm births and deaths, one of the key points of uncertainty in monthly payrolls growth that the benchmarking process corrects for, suggests a downward revision of around 550,000, or 45,000 per month, via that channel,” they wrote in a note.

“While the BLS’ birth-death adjustment for nonfarm payrolls was probably too generous in second half of 2024, we estimate that the overstatement has since narrowed to around 10,000 jobs per month, cautioning against extrapolating too much from the benchmark revision.”

Last year, the preliminary estimate was for payrolls to be revised down by 818,000 jobs in the 12 months through March 2024. Payrolls were in the end only downgraded by 598,000.

‘ACCURATE, INDEPENDENT AND TRUSTED’

Leisure and hospitality employment was estimated to be revised down by 176,000 jobs over the 12 months through March. Trade, transportation, and utilities payrolls could be slashed by 226,000 positions, while professional and business services employment was projected to be reduced by 158,000 jobs.

Manufacturing employment could be lowered by 95,000 jobs. Government employment was estimated to be cut by 31,000 positions. Modest upgrades were estimated for only the transportation and warehousing, and utilities industries.

U.S. financial markets were little moved by the report.

Economists continued to expect the Federal Reserve would resume cutting interest rates next Wednesday, with a quarter-point reduction, after pausing its easing cycle in January because of uncertainty over the impact of tariffs.

With the consumer price data on Thursday expected to show inflation pressures building in August, the estimated revisions could fan fears of stagflation.

The monthly employment report is based on data derived from the Current Employment Statistics (CES) program, which surveys about 121,000 businesses and government agencies, representing about 631,000 individual worksites. The QCEW data is derived from reports by employers to the state unemployment insurance programs, and represents about 95% of total employment.

Sharp downgrades last month to May and June employment figures totaling 258,000 jobs angered Trump, who fired BLS Commissioner Erika McEntarfer, accusing her, without evidence, of faking the employment data. Trump has nominated E.J. Antoni to replace McEntarfer.

Antoni, who has penned opinion pieces critical of the BLS and even suggested suspending the monthly employment report, is viewed as unqualified by economists across the political spectrum. The National Association for Business Economics on Monday urged “policymakers, business leaders, and the economics community to stand with BLS and ensure that America’s statistics remain accurate, independent, and trusted worldwide.”

Labor Secretary Lori Chavez-DeRemer blamed the estimated revision on what she said was a failure by leaders at the statistical agency “to improve their practices” during former President Joe Biden’s administration, “utilizing outdated methods that rendered a once-reliable system completely ineffective.”

But the BLS, like other statistical agencies, has suffered from years of inadequate funding under both Democratic and Republican administrations.

“Any political retaliation due to today’s release will harm the ability for BLS to provide timely and unbiased statistics,” said Elise Gould, a senior economist at the Economic Policy Institute.

https://www.reuters.com/business/us-payrolls-benchmark-revision-estimate-suggests-labor-market-weaker-than-2025-09-09

Slingshot News: ’Suck it Up’: Sen. Cortez Masto Exposes Trump Nominee’s Blunt Response To Americans Suffering Under Trump’s Tariffs In Senate Hearing

https://www.msn.com/en-us/news/politics/suck-it-up-sen-cortez-masto-exposes-trump-nominee-s-blunt-response-to-americans-suffering-under-trump-s-tariffs-in-senate-hearing/vi-AA1M1EeW

GO Banking Rates: Trump Said He’d Lower Grocery Prices on Day 1: See Where They Stand Now

During President Donald Trump’s campaign before winning the 2024 presidential election, he promised on his first day of office to “immediately bring prices down, starting on Day One” for groceries — but that hasn’t happened so far.

Average food prices in the United States have increased by 2.9% in the 12 months ending July 2025, according to U.S. inflation calculator. It’s a few ticks higher than the 2.7% inflation rate across all categories. The Federal Reserve’s preferred core inflation metric shows a 3.1% year-over-year increase, since it doesn’t include volatile food and energy prices. Trump has done well with energy, as those prices have dropped by 1.6% year-over-year.

He’s shown an ability to follow up on promises and even has lower energy prices, but grocery prices still remain elevated. There are a few reasons why that’s the case, and some of them are connected to Trump’s policies.

Tariffs Are a Key Component

After some false starts and negotiations with trading partners, tariffs are now in effect, and they have been contributing to higher food prices. Grocery stores like Walmart and Whole Foods have to hike their prices to keep up with the tariffs.

Although critics may question why Walmart, a global retailer that reported more than $7 billion in consolidated net income in Q2 FY26, has to raise prices, it makes sense. Despite Walmart’s vast retail presence and high profits, the company only operates on a 2.5% to 4% net profit margin, depending on the quarter. If prices go up by 10%, Walmart has to respond to the higher prices to preserve a positive profit margin.

The Tax Foundation projects that nearly 75% of all U.S. food imports will be affected by Trump’s tariffs. If tariffs linger or get higher in the future, it can lead to a short-term price hike in food prices. That short-term price hike would only decrease if some tariffs got negotiated away or the U.S. produced enough food to balance the supply-and-demand dynamics.

Beefy Price Hikes   

The grocery bill looks different for each person based on what they buy, but if you like to eat beef, grocery inflation will show up more for you.

The U.S. Department of Agriculture (USDA) found that retail beef and veal prices increased for the seventh month in a row from June 2025 to July 2025. Beef and veal prices increased by 2.5% month-over-month and are up by 11.3% year-over-year. The USDA anticipates beef and veal prices going up by 9.9% in 2025. Tight supplies of beef and veal are playing a role in the elevated prices.

Beef and veal are the main headliners, but other food categories are also due for higher prices. Eggs, sugar and sweets, and nonalcoholic beverages are also expected to grow faster than their 20-year historical average rate of growth. 

If you’re looking for a deal, you might want to shop around for other meats, fats and oils and fresh vegetables. Those are the food items the USDA expects will see price cuts. 

It’s More Expensive To Eat Out

While it’s been known for a while that eating out is more expensive than prepping your own meal, it even applies to inflation rates. The USDA found that grocery store and supermarket food purchases had a 0.1% month-over-month price hike compared to the 0.3% month-over-month price hike for restaurants and other food service providers. 

The USDA also shared in research published on Aug. 25 that groceries are up by 2.2% year-over-year, while restaurant food and similar services are up by 3.9% year-over-year. Food as a whole is predicted to become 2.2% more expensive in 2026. The rate of inflation is only expected to be 1.2% for groceries, while dining will cost an additional 3.3% in 2026.

These forecasts do not suggest an immediate solution to rising food prices. Trump still has time to reduce food prices, but tariffs and the USDA’s 2026 projections don’t paint a bright picture for lower food costs.

https://www.gobankingrates.com/money/economy/trump-lower-grocery-prices-day-1-where-they-stand-now

Daily Mail: America’s energy revolution goes from boom to bust after Trump’s tariffs and sneaky move by Saudi Arabia

Oil bosses have warned that America’s energy boom is over, as Trump’s tariffs raise production costs and crude prices fall thanks to an increase in production from Saudi Arabia.  

The shale revolution of the last few years delivered huge volumes of cheap oil and gas that powered the US economy and broke dependence on foreign imports from places such as Iran, Russia and Venezuela.  

Production hit record highs under President Joe Biden, but is now falling under Trump.

The situation presents a direct contradiction to the President’s pledges to ‘drill baby drill’ and assert America’s ‘energy dominance.’ 

‘Saudi is trying to regain market share and they’ll probably get it over the next five years,’ Sheffield explained. 

https://www.dailymail.co.uk/yourmoney/article-14757637/america-shale-boom-bust-trump-tariffs-opec.html

USA Today: How will Trump’s tariffs affect grocery store prices? We explain.

“The short answer is yes, prices are going to go up,” said David Ortega, a food economist and professor at Michigan State University. “They may not skyrocket for all imported products, but they will go up. Tariffs are a tax on imports, so by definition, they are inflationary.”

While higher tariffs could still be coming after a 90-day-pause, the baseline 10% tariff on all goods, plus higher duties on Chinese products already in effect are a big increase in food costs for American’s budgets, said Thomas Gremillion, director of food policy at The Consumer Federation of America.

“The 10% ‘default’ tariffs alone represent a truly historic federal tax increase, maybe the largest in my lifetime, with a highly regressive impact,” Gremillion said.

https://www.msn.com/en-us/money/markets/how-will-trump-s-tariffs-affect-grocery-store-prices-we-explain/ar-AA1Eco8Y