National Restaurant Association Lobbies Against US Tariffs
The National Restaurant Association said it was “extremely concerned” about the possibility of new tariffs in a letter sent to U.S. Trade Representative Jamieson Greer on Tuesday. Trump earlier in July threatened to impose 30% tariffs on imports from Mexico and the European Union starting on August 1.
The letter said that a 30% tariff on food and beverage products from Mexico and Canada would cost U.S. restaurants $15.16 billion after one year. It urged existing exemptions to continue for USMCA-compliant goods, and said disruptions to restaurants’ “razor-thin margins” would ultimately lead to consumers facing higher menu prices...
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