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…
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warns
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President Donald Trump has decided to increase steel and aluminum tariffs to 50%, a move that has packaging manufacturers concerned about the impact on the food industry. Despite a recent court ruling blocking many tariffs, Trump’s decision aims to protect…