tariff

Key Points: Monster Beverage anticipates a slight impact from tariffs due to high duties on imported aluminum for cans. The Midwest premium for aluminum has increased, raising costs for the company. CEO Hilton Schlosberg stated that the company will implement…

Key Points: McCormick & Co. raised its projected tariff impact for 2025 to approximately $140 million due to existing and new tariffs, with new tariffs accounting for two-thirds of the levy impact in the third quarter. The company plans to…

The Impact of Tariffs on Campbell’s Company During a recent earnings call, CEO Mick Beekhuizen highlighted the challenges faced by Campbell’s Company due to a lack of domestic supply of certain steel derivatives used for canning. This limitation hinders the…

Key Points: The U.S. has imposed a 17.09% import duty on tomatoes from Mexico after ending a 2019 agreement that suspended the antidumping levy, according to the Commerce Department. The duty is based on the percentage by which Mexican tomatoes…

Key Points: The Campbell’s Company is collaborating with suppliers in Italy to minimize the impact of tariffs on its Rao’s brand of premium pasta sauce and other products, as stated by EVP and CFO Carrie Anderson during a June 2…

Key Points: Diageo, a spirits company, faces challenges due to President Trump’s tariff policy on imports from Europe. They own popular brands like Guinness, Johnnie Walker, and Ketel One, which are produced outside the U.S. Potentially selling off a flagship…

Hershey is urging the White House to exempt cocoa from tariffs to prevent further price increases on chocolate. The company estimates that tariffs could cost between $15 million to $20 million in the second quarter and potentially up to $100…

The issue of determining retail prices using the “cost of goods plus markup” formula has always been a delicate balancing act. However, in the current era of tariffs, this balancing act has become even more challenging. Since January, trade policies…

With global trade in flux as the Trump administration moves forward with its tariff strategy, U.S. food manufacturers are looking to be flexible and swift with their decision-making to mitigate higher costs and supply chain pressures. Supply chain experts discussed…

Constellation Brands Announces Departure of Chief Customer Officer Constellation Brands has confirmed that Bill Renspie has stepped down from his role as the chief customer officer of the company’s beer division, where he most recently served. A search for his…