US food producers ask Trump to cancel duties

Major packaged food companies such as Quaker Oats and Folgers have appealed to US President Donald Trump to exclude certain imported ingredients like cocoa and fruit from tariffs. The Consumer Brands Association, which represents companies like PepsiCo, Conagra, and J M Smucker, argues that this will shield American producers that source domestically and cannot find alternatives to imported goods. The removal of tariffs is also expected to reduce inflation by mitigating the increased costs, which would be passed on to consumers. However, Trump has warned of potential 200% tariffs on all EU alcohol imports in response to the EU's tariff on American whiskey. The article also highlights the upcoming 23rd International Conference BLACK SEA GRAIN.KYIV, set to focus on the development of the grain sector in the Black Sea and Danube region.

Major packaged food producers including Quaker Oats and Folgers have asked US President Donald Trump to exempt some imported ingredients, including cocoa and fruit, from tariffs, Reuters reported, citing a letter sent by the companies. According to the Consumer Brands Association, an industry association representing PepsiCo, Conagra and J M Smucker, the producers are asking for ingredients that are not produced in the US to be exempt from the new tariffs. This will help protect American producers who buy raw materials domestically but cannot find alternatives to some imported components. At the same time, the abolition of tariffs will help curb inflation, since the additional costs associated with the new tariffs will be passed on to the buyer. The association called on the administration to introduce tariffs strategically so as not to harm companies that support American farmers and producers, but are forced to import certain components. At the same time, Donald Trump said ...