Florida TaxWatch warns new trade tariffs could raise grocery bills by 10% to 15% and increase costs across the state.
Tariffs on imports like cars and building materials will likely push prices higher for everyday Floridians.
President Donald Trump plans to impose a 25% tariff on goods from several countries starting Aug. 1, with threats of even higher rates if those countries retaliate.
Locally, manufacturers are already feeling the impact, with rising costs and delays slowing growth.
Experts say if things don’t improve, Florida’s economy could slow down or even face a recession.
Those extra expenses usually get passed on to consumers.
Analysts from TaxWatch say that means paying more for everything.
In addition to grocery prices, building a typical house in Florida could cost $10,000 more, and cars might go up from $6,000 to $7,000.