August 12, 2025
Farmers/Products & Paying for College
In This News Story: Jim Rounds

As new tariffs hit U.S. food imports and grocery bills continue to rise, some consumers are turning to local markets for relief.

Jim Rounds, President of Rounds Consulting Group, explains that while companies have absorbed most of the burden so far — about 64% of companies have absorbed most of the burden so far, according to Goldman Sachs — the load is shifting. Economists project that by fall, two-thirds of the cost will fall on consumers.

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