USMCA study: Tariff reductions lower grocery costs 

The Corn Refiners Association and the Agricultural Coalition for the U.S.-Mexico-Canada Agreement on trade released a study Monday that said tariff reductions under North American trade agreements have helped lower food prices for U.S. households, generating estimated savings of approximately $700 per year in today’s dollars — equivalent to roughly 7% of total household food expenditures.

The study, conducted by Joseph V. Balagtas and Bernhard Dalheimer, who are professors at Purdue University, was commissioned by the Corn Refiners Association in partnership with the Agricultural Coalition for USMCA. 

“USMCA supports consumers, producers and strong North American food supply chains,” said Bryan Goodman, a spokesperson for the Agricultural Coalition for USMCA.

“Preserving this trilateral agreement is essential to keeping food affordable and supply chains strong across the United States, Mexico and Canada.”