After Trump Eases Some Tariffs, More Importers Hope for Relief
Before President Trump's tariffs took effect this year, the Chicken of the Sea factory in Lyons, Ga., was running its production lines full speed, canning enough imported tuna to build up four to six months of inventory in warehouses around the United States.
It was an effort to mitigate the effect of tariffs, and it worked -- temporarily. But once the president imposed those high levies globally, the costs of the fish, olive oil and steel cans the factory needs all rose. Production has now slowed, with the factory cutting its operating hours to four days a week instead of five. Chicken of the Sea has sold off all the inventory it had stockpiled before the tariffs. Company executives say that has left them with few options other than raising prices, unless they can secure a tariff reprieve...
To Read Full Story Login Below.