USMCA Affordability Study: The Effect of North American Trade on U.S. Food Prices
As food costs remain a concern for American families, a new Purdue University study - USMCA Affordability Study: Effect of North American Trade on U.S. Food Prices - released by the Agricultural Coalition for USMCA and commissioned by the Corn Refiners Association highlights the real-world benefits of North American trade.
The research finds that 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 also highlights how the trilateral USMCA framework supports affordable year-round access to a wider variety of food products while strengthening the supply chains that connect farmers, food manufacturers, businesses, and consumers across North America.
As policymakers prepare for the upcoming USMCA review, the findings underscore the value of preserving a strong trilateral agreement that supports affordability, food security, and economic opportunity.
Download the full study to learn more about how USMCA benefits American families, agriculture, and the broader North American economy.
