Report warns of steep food price hikes as essential crop yield plummets — here's what's at risk
Rising global temperatures damage crop yields and drive up food costs across the globe. In Japan, heat-induced shortages have caused domestic rice prices to skyrocket, forcing the country to import over 44,000 tons of rice, primarily from the U.S., in fiscal 2025, according to Finimize.
Major Japanese retailers now sell foreign rice varieties because, even with import tariffs, they are cheaper than local options.
When essential crops fail, families can feel an immediate financial strain. The average American household now spends 12% more on groceries than just two years ago, with climate-vulnerable staples seeing the steepest price hikes.
Beyond the economic impact, food insecurity threatens community health as nutritious options become less affordable. Agricultural disruptions also harm ecosystems and biodiversity. Farmers adopt more aggressive growing techniques to compensate for losses, creating a harmful cycle of environmental degradation that further worsens climate conditions.
Scientists are working to develop heat-resistant crop varieties that can withstand higher temperatures without sacrificing nutrition or yield, and the United States Department of Agriculture announced a $250 million initiative to support small and midsize farms implementing climate-smart agricultural practices last year. International cooperation, including Japan's rice imports, also demonstrates how trade relationships can buffer against local food shortages.
Planning meals, buying seasonal produce, and reducing food waste are practical steps you can take to save money while supporting a more sustainable food system. Consumers looking to protect their household budget can check out TCD's guide to shopping smarter at the grocery store. It offers tips to stretch your dollar and protect the environment at the same time.
What's the most common reason you end up throwing away food?
Bought more than I could eat
Went bad sooner than I expected
Forgot it was in the fridge
Didn't want leftovers
Click your choice to see results and speak your mind.
Join our free newsletter for easy tips to save more and waste less, and don't miss this cool list of easy ways to help yourself while helping the planet.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
UPI
2 hours ago
- UPI
Trump announces U.S. deal with European Union to impose 15% tariff
U.S. President Donald Trump waves to the media while playing golf at Turnberry Golf Club in Scotland on Sunday. He later met with European Commission President Ursula von der Leyen. Photo by Hugo Philpott/UPI | License Photo July 27 (UPI) -- President Donald Trump on Sunday announced 15% tariffs on most foreign goods from the European Union, down from the threatened 30%, as part of a trade agreement with the 27-nation bloc. Trump announced the deal at his Turnberry Isle Country Club in Scotland after his public session with European Commission President von der Leyen. Trump said the European Union won't impose new tariffs on U.S. imports. During the meeting with the media, both leaders said the chance of a deal was 50-50. "You are known as a tough negotiator and dealmaker," von der Leyen told Trump, with reporters on hand. Leyen said the agreement "will bring stability. It will bring predictability. That's very important for our businesses on both sides of the Atlantic." Trump said the deal was "satisfactory to both sides." The European Union is the largest U.S. trading partner with $605 billion in goods yearly. The products are mainly drugs and pharmaceuticals, primarily from Ireland, as well as aircraft and heavy machinery, mainly from France and Germany. The 50% tariffs on steel, like most other nations, would remain and more duties could happen for pharmaceutical products, as well as semiconductors. Trump has also threatened a 200% tariffs on any drugs imported to the U.S. Trump said the deal would be "great for cars" and agriculture. Trump has previously noted that few American cars are sold in Europe. On April 2, he said he would impose a 20% duty against the EU, with most trading nations imposed a baseline 10%. He paused the retaliatory tariffs on April 9 for 90 days. In a letter to EU nations on July 12, the U.S. president threatened 30% retaliatory tariffs to take effect on Aug. 1. "Imposing 30% tariffs on E.U. exports would disrupt essential transatlantic supply chains, to the detriment of businesses, consumers and patients on both sides of the Atlantic," von der Leyen said after Trump's letter. Letters to other nations have threatened tariffs as high as 50%, including to Brazil. The Trump administration has been negotiating with other nations, including reaching deals with China (30%), Japan (15%), Indonesia (19%) and Vietnam (20%). Britain, which is not part of the European Union, has a reduction in some tariffs of 10% on up to 100,000 vehicles and 25% on steel and aluminum. Last year, the average U.S. tariffs on imports from the EU was 1.2%, according to Capital Economics' chief Europe economist. The deal with the European Union is part of a broader trade agreement. EU had a $58.7 billion overall trade surplus with the U.S. in 2024. For goods, it was $168.6 billion but the deficit was $126 billion in services trade. "The European Union is going to agree to purchase from the United States $750 billion worth of energy," Trump said. The E.U. would also invest $600 billion into the United States. In 2024, the bloc bought nearly $400 billion in goods. Michael Brown, a senior research strategist at British-based Pepperstone brokerage, told The New York Times that U.S. defense companies likely will emerge as winners from the deal.
Los Angeles Times
3 hours ago
- Los Angeles Times
U.S. and European Union announce a trade framework
EDINBURGH, Scotland — The United States and the European Union reached a tariff deal Sunday after a brief meeting between President Trump and European Commission chief Ursula von der Leyen. A White House deadline was days away from imposing punishing import taxes on the 27-member EU, which is America's leading global trading partner. 'It was a very interesting negotiation. I think it's going to be great for both parties,' Trump said. The make-or-break talks were meant to head off trade penalties — and promised retaliation from Europe — that could have sent shock waves through economies around the globe. Trump and Von der Leyen held private talks at one of Trump's golf courses in Scotland, then emerged a short time later saying they had reached an 'across the board' agreement. In remarks before the session, Trump pledged to change what he characterized as 'a very one-sided transaction, very unfair to the United States.' 'I think the main sticking point is fairness,' he said while also noting, 'We've had a hard time with trade with Europe, a very hard time.' Von der Leyen had said the U.S. and EU combined have the world's largest trade volume, encompassing hundreds of millions of people and trillions of dollars. Trump said the stakes involved meant a deal should be pursued. 'We should give it a shot.' Von der Leyen said Trump was 'known as a tough negotiator and deal maker,' which prompted the president to interject, 'But fair.' She said that, if the agreement is successful, 'I think it would be the biggest deal each of us has ever struck.' For months, Trump has threatened most of the world with large tariffs in hopes of shrinking major U.S. trade deficits with many key trading partners. More recently, he had hinted that any deal with the EU would have to 'buy down' the currently scheduled export tax rate of 30%. The Republican president pointed to a recent U.S. agreement with Japan that set tariff rates for many goods at 15% and suggested the EU could agree to something similar. Asked whether he would be willing to accept tariff rates lower than that, Trump said, 'No.' As for the threat of retaliation from the Europeans, he said: 'They'll do what they have to do.' Their meeting came after Trump played golfed for the second straight day at his Turnberry course. The president's five-day visit to Scotland is built around golf and promoting properties bearing his name. A small group of demonstrators at the course waved American flags and raised a sign criticizing British Prime Minister Keir Starmer, who plans his own Turnberry meeting with Trump on Monday. Other voices could be heard cheering and chanting, 'Trump! Trump!' as he played nearby. On Tuesday, Trump will be in Aberdeen, in northeastern Scotland, where his family business has another golf course and is opening a third next month. The president and his sons plan to help cut the ribbon on the new course. Joining Von der Leyen were Maros Sefcovic, the EU's chief trade negotiator; Bjorn Seibert, the head of Von der Leyen's Cabinet; Sabine Weyand, the commission's directorate-general for trade; and Tomas Baert, head of trade and agriculture at the EU's delegation to the U.S. The deadline for the Trump administration to begin imposing tariffs has shifted in recent weeks but was now firm, the administration said. 'No extensions, no more grace periods. Aug. 1, the tariffs are set, they'll go into place. Customs will start collecting the money and off we go,' U.S. Commerce Secretary Howard Lutnick told 'Fox News Sunday.' He added, however, that even after that, 'people can still talk to President Trump. I mean, he's always willing to listen.' Without an agreement, the EU said it was prepared to retaliate with tariffs on hundreds of American products, including such diverse items as beef, auto parts, beer and Boeing airplanes. If Trump eventually made good on his threat of tariffs against Europe, it could mean that items including French cheese, Italian leather goods, German electronics and Spanish pharmaceuticals would be more expensive in the United States. The U.S. and Britain, meanwhile, announced a trade framework in May and a larger agreement last month during the Group of 7 meeting in Canada. Trump says that deal is concluded and that he and Starmer will discuss other matters, though the White House has suggested it still needs some polishing. Weissert writes for the Associated Press.
New York Post
4 hours ago
- New York Post
Trump ‘really likes' TikTok— but admin warns Chinese ownership not acceptable as dead deadline looms
President Trump likes TikTok but the Chinese-owned short video app, used by some 170 million Americans, has to move to US ownership, Secretary of Commerce Howard Lutnick said on Sunday. 'The President really likes TikTok, and he said it over and over again, because, you know, it was a good way to communicate with young people,' Lutnick said in an interview on Fox News Sunday with Shannon Bream. 'But let's face it, you can't have the Chinese have an app on 100 million American phones, that is just not okay. So, it's got to move to American ownership, it's got to move to American technology, American algorithms,' he said. 'I know the President is positive towards TikTok, if it can move into American hands.' Advertisement 3 Commerce Secretary Howard Lutnick said Sunday that President Trump likes TikTok because 'it was a good way to communicate with young people.: FOX NEWS Lutnick's comments follow his warning last week that TikTok will have to stop operating in the U.S. if China does not approve a deal for the app. He told CNBC on Thursday that US must control the algorithm that makes the social media platform work. Advertisement TikTok parent ByteDance has a Sept. 17 deadline to divest the platform's US assets. Last month, President Trump extended by 90 days to Sept. 17, a deadline for China-based ByteDance to divest the US assets of TikTok. Trump's action took place despite a 2024 law that mandated a sale or shutdown by Jan. 19 of this year if there had not been significant progress. 3 President Trump has set a Sept. 17 deadline for Chinese firm ByteDance to divest TikTok's US assets. Getty Images 'China can have a little piece or ByteDance, the current owner, can keep a little piece. But basically, Americans will have control. Americans will own the technology, and Americans will control the algorithm,' Lutnick said. Advertisement 'If that deal gets approved, by the Chinese, then that deal will happen,' he added. 'If they don't approve it, then TikTok is going to go dark, and those decisions are coming very soon.' 3 A deal that was in the works this spring that would spin off TikTok's US operations into a new US-based firm stalled. Chidori_B – A deal had been in the works this spring that would spin off TikTok's US operations into a new US-based firm, majority-owned and operated by US investors. This stalled after China indicated it would not approve it following Trump's announcements of steep tariffs on Chinese goods. Trump has three times granted reprieves from federal enforcement of the law that mandated the sale or shutdown of TikTok that was supposed to take effect in January.
