tariffs

J.M. Smucker Absorbs $75M in Tariff Costs, Reverses Coffee Price Hike Plans J.M. Smucker has decided to reverse its initial plans for a third price hike on coffee this fiscal year. Instead, the company will absorb $75 million in tariff-related…

Summary: The United States has granted tariff exemptions for numerous food and agricultural products from Brazil, following an executive order signed by U.S. President Donald Trump. These exemptions, which cover 238 classifications and 11 categories of goods, include items such…

Key Points: President Donald Trump has issued an executive order exempting hundreds of agricultural products from reciprocal tariffs. 237 classifications and 11 categories of agricultural products are now exempt from the administration’s tariffs. The new tariff exemptions are effective retroactively…

Key Points: J.M. Smucker is planning to raise coffee prices for the third time this year due to tariffs and commodity costs. The price hike is expected to happen in early winter, marking the fifth increase since June 2024. The…

Concerns are growing among grocery shoppers that the tariffs imposed by the Trump administration on imported goods could lead to higher prices at the supermarket, according to survey data from FMI – The Food Industry Association. Despite these worries, most…

Key Points: Conagra Brands, based in Chicago, is expecting a significant increase in cost of goods sold (COGs) inflation for fiscal 2026, with a combination of 4% core inflation and a 3% rise due to tariffs, totaling around 7% according…

The Impact of Tariffs on the Global Spice Market President Donald Trump’s tariff policy is sending shockwaves through the global spice market, with tariffs as high as 50% set to take effect on Aug. 1 for countries without bilateral trade…

Key Points: McCormick predicts potential annual losses of up to $90 million due to Trump administration tariffs on spices that cannot be grown commercially in the U.S. The company plans to increase prices selectively in response to higher commodity costs…

Senator Maggie Hassan has reached out to major retailers such as Albertsons, Kroger, Walmart, Costco, and Dollar General to gather information on how the recent increased tariffs on imported steel and aluminum by the Trump administration could impact stores, suppliers,…

Key Takeaways: The implementation of a 50% tariff on imported steel by the Trump administration has the potential to raise canned food prices by 9% to 15%, as per the Consumer Brands Association. The trade organization has warned that as…