Restaurants' Gain from Lower Prices Due to Trump Tariffs May be Wiped Out by Seafood Price Increases
SEAFOODNEWS.COM [SeafoodNews] by John Sackton – August 15, 2018
Often one group’s pain is another’s gain. This seems to be the case with Trump’s agricultural tariffs, which will cost farmers hundreds of millions of dollars in lost income but will provide the restaurant industry with slightly lower prices on a range of items.
Plate IQ looked at 500,000 restaurant invoices from the 12 month period ending July 2018, and tried to calculate the projected change in restaurant food costs ...
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