Tariffs got you down?

Tariffs got you down?

Are impending ingredient tariffs affecting your food business?

Trump’s trade war is starting to have some consequences. In a response to U.S. tariffs on things such as steel and tech goods, trade partners like Canada, China, the Europe have imposed some tariffs of their own on a wide array of goods. Some major examples are food products like coffee, whiskey and produce. Everyone from economics professors to fellow politicians have warned of the effects of these tariffs, but now we are starting to see them come to fruition. In April, China began imposing tariffs on U.S. goods which will hit the U.S. the hardest.  Check out this partial list of ingredient tariffs that could affect your business plan this year.

CANADA

  • Coffee (not decaf): 10%
  • Maple sugar and maple syrup: 10%
  • Candy, including licorice, toffee, and chocolate bars: 10%
  • Pizza: 10%
  • Cucumbers and gherkins: 10%
  • Strawberry jam: 10%
  • Orange juice (fresh, not frozen): 20%
  • Soy sauce: 10%
  • Ketchup and other tomato sauces: 10%
  • Mayonnaise and salad dressing: 10%
  • Quiche: 10%
  • Other condiments, seasonings, and sauces: 10%
  • Soups and broths: 10%
  • Water, including mineral, carbonated, and flavored: 10%
  • Dairy
  • Whiskey

EUROPEAN UNION

  • Corn: 25%
  • Kidney beans: 25%
  • Rice: 25%
  • Peanut butter: 25%
  • Orange juice: 25%
  • Cranberries: 25%
  • Whiskey and bourbon: 25%
  • Vegetables
  • Ketchup

CHINA

  • Abalone
  • Almonds (shelled and unshelled)
  • Apples (fresh and dried)
  • Apricots (fresh and dried)
  • Artichokes
  • Asparagus
  • Avocados (fresh and dried)
  • Baked goods including pastries, cakes, biscuits
  • Bamboo shoots
  • Bananas (fresh and dried)
  • Beans
  • Beef and beef products
  • Beets
  • Betel nuts:
  • Bilberries
  • Blackberries (fresh and frozen)
  • Brazil nuts (shelled and unshelled)
  • Brussels sprouts
  • Butter
  • Cabbage
  • Candy
  • Cantaloupe
  • Carambola (starfruit)
  • Carob
  • Carrots
  • Cashews (shelled and unshelled)
  • Catfish
  • Cauliflower
  • Caviar
  • Celery
  • Chayote
  • Cherries
  • Chestnuts
  • Cheese
  • Chickpeas
  • Chili peppers
  • Clams
  • Cockles
  • Coconut (dried, without inner shell, and other)
  • Cod
  • Coffee
  • Cooking oil, including soybean, coconut, and corn
  • Corn and corn products
  • Cowberries
  • Crab
  • Cranberries
  • Crawfish and crayfish
  • Currants (frozen)
  • Cuttlefish
  • Dates (fresh and dried)
  • Durian
  • Eel
  • Eggs
  • Figs (fresh and dried)
  • Fish and fish products (including live, fresh, frozen, fish sticks, fish balls, fish pastes, and preserved fish)
  • Frog legs
  • Fruit and vegetable juices (including apple, pear, pineapple, tomato, grapefruit, etc.)
  • Fruit pastes, purees, jams, and jellies
  • Garlic
  • Gooseberries (frozen)
  • Grapes: 15%
  • Grapefruit: 15%
  • Guava (fresh and dried)
  • Hazelnuts (shelled and unshelled)
  • Honey
  • Jellyfish
  • Jicama
  • Kale
  • Kiwi
  • Lamb
  • Leeks
  • Lemons
  • Lentils
  • Liquor
  • Limes
  • Lobster (live, fresh, and frozen)
  • Loganberries
  • Longan (fresh and dried)
  • Lotus fog
  • Lychee (fresh and dried)
  • Macadamia nuts (shelled and unshelled)
  • Mango (fresh and dried)
  • Mangosteen (fresh and dried)
  • Mei qiang and li gan
  • Mulberries (fresh and frozen)
  • Mushrooms
  • Mussels
  • Nectarines
  • Oats
  • Octopus
  • Offal (including deer, rabbit, and bovine animals)
  • Okra
  • Olives
  • Onions
  • Oranges (fresh and dried)
  • Orange juice
  • Other citrus (including clementines, mandarins, pomelos, and satsumas)
  • Other fresh, dried, frozen, and preserved fruits and nuts
  • Oysters
  • Papaya
  • Pasta
  • Peaches
  • Peanut butter
  • Pears
  • Peas
  • Persimmons (fresh and dried)
  • Pineapples (fresh and dried)
  • Pine nuts
  • Pistachios (shelled and unshelled)
  • Pitaya
  • Plantains (fresh and dried)
  • Plums
  • Pork (fresh and frozen including but not limited to pork chops, liver, head, legs, and casings)
  • Poultry
  • Prunes
  • Radishes
  • Raisins
  • Rambutan
  • Raspberries (fresh and frozen)
  • Rice (including brown, glutinous, and other varieties)
  • Rose hips (frozen)
  • Rutabaga
  • Salmon, Atlantic
  • Sardines
  • Sauerkraut
  • Scallops
  • Sea cucumber
  • Sea urchin
  • Seaweed
  • Sesame seeds
  • Shark fin
  • Shrimp
  • Squid
  • Snails
  • Sorghum
  • Soybeans (yellow and black)
  • Spinach
  • Strawberries (fresh and frozen)
  • Sweet potatoes
  • Taro
  • Tea
  • Tilapia
  • Truffles
  • Tuna
  • Turnips
  • Walnuts (shelled and unshelled)
  • Water chestnuts
  • Watermelon
  • Wheat
  • Whey protein
  • Whiskey
  • Wine and sparkling wine
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