Items Tagged with 'tariffs'

From major acquisitions to economic and policy changes, the food industry has had an eventful year. EIC Alyse Thompson-Richards takes a moment to reflect.

The reciprocal tariffs, announced in April, have been removed for certain agricultural products such as coffee, cocoa and spices.

While sales were largely down under dynamic economic and geopolitical conditions, some of the world’s top food and beverage manufacturers experienced revenue growth.

Trump raised tariffs on China to 125%, but many other countries will have only a 10% tariff in place for those 90 days.

Trump will impose a minimum 10% tariff on all goods from other countries. Citing large trade deficits, the president also announced higher reciprocal tariffs on several countries. 

We’re predicting that tariffs from the incoming presidential administration will have a ripple effect throughout the food and beverage industry.