Impact Of New Tariffs On The Food Industry And How Innovative Solutions Address The Challenges - Retail News And Events

Impact Of New Tariffs On The Food Industry And How Innovative Solutions Address The Challenges - Retail News And Events

Food & beverage companies are under threat of new tariffs. Tariffs can affect costs of goods sold (COGS), supply chains and consumer behavior. Costing is uncertain and tariffs add to that uncertainty. An example is potential US-levied tariffs of 25% on goods from Canada and Mexico, and, for products from China, an additional 10% tariff on top of existing duties. Europe has not escaped either, as the US seeks to reduce its trade deficit with the …