Tariff Scramble Set to Hit High Gear
Major U.S. corporations and trading partners are scrambling to adapt to a new global economy, even as President Donald Trump mulls the imposition of historic tariffs in less than two weeks.
Conagra Brands, owner of Hunt's, Duncan Hines and Birds Eye, plans to raise prices on canned goods after "suffering a tremendous amount of inflation due to tariffs on tinplate steel," its chief executive told investors this month.
Tariffs are causing Fastenal, an industrial supplier, to split its imports into separate shipments to Canada and the United States, creating "a more expensive supply chain" than its customary, unified North American approach...
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