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New tariffs on imported goods from Asia take effect, raising fears of higher prices at Asian supermarkets.
President Trump's new tariffs on imported goods from multiple countries, including high rates on South Korea, Vietnam, and Cambodia, are causing concern among Asian supermarket shoppers about rising prices.
The tariffs, which took effect on April 9th, could lead to significant price hikes on culturally specific foods, drinks, and condiments.
Customers fear they might have to find alternatives for their favorite brands.
The tariffs may also impact other goods like clothing and technology, with experts predicting potential increases within a month or two.
Asian and Hispanic immigrant populations, along with younger consumers seeking new flavors, drive the growth of international supermarkets, which generated $55.8 billion in 2021 and are expected to reach over $64 billion by 2029.
Los nuevos aranceles aplicados a los productos importados de Asia entran en vigor, lo que aumenta los temores de que los supermercados asiáticos suban los precios.