6 Foods That Will Likely Be Impacted By the New Tariffs
3 Articles
3 Articles
Fast-Food Brands Brace for Range of Impacts from Tariffs
Recession Fears and Foreign Backlash Will Challenge Restaurant Brands Trump administration tariffs have caused upheaval in the stock market and wounded nearly every economic sector. The values of restaurant stocks – including fast-food franchises – have bounced around this week but generally suffered worrisome declines. CNBC reported that fast-food stalwarts McDonald’s Corp. and Yum! Brands Inc., the parent of KFC, Pizza Hut, Taco Bell and The …
Tariffs Will Likely Raise Food Prices for Americans
President Trump announced a 10 percent across the board tariff effective immediately today — essentially extra taxes on products imported into the United States — for most countries except China, for which he imposed a 125 percent tariff. Tariffs for the other countries could still go higher, but the president said he has paused these higher tariffs for the next 90 days. What will this mean for the price of foods, especially pantry staples, heal…
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