US Blames Tariffs For Food Prices, Not Record Corporate Profits
Bloomberg Politics reports the White House will unveil tariff exclusions to combat 'rage' over food costs (Bloomberg, Nov 14, 2025). The narrative? Tariffs, not corporate greed, are the primary culprit. This convenient scapegoat overlooks inconvenient truths like Archer Daniels Midland (ADM) shattering profit records, their CEO admitting on an earnings call that 'food inflation remains elevated,'
yet their profits soared by 50% in 2022. Similarly, Tyson Foods reported record profits in Q1 2022, hiking prices while simultaneously cutting payouts to farmers. It seems some 'voters' rage' is only tolerable when directed at trade policy, not at the boardrooms raking it in. One might wonder at what point the elasticity of 'supply chain issues' and 'tariffs' truly snaps under the weight of
astronomical corporate payouts. Is it merely a coincidence that these supposed solutions emerge as an election draws nearer, shifting blame from unchecked profiteering to easily adjustable government levers? Or perhaps, the system is designed to sustain such 'rage' just long enough to distract from the unprecedented wealth transfer upwards.