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Who will pay the cost of steel and aluminum tariffs? CPGs and retailers are still working it out
In June, Sen. Maggie Hassan sent public letters to grocery giants Costco, Walmart, Kroger, Dollar General, and Albertsons asking them to quantify the impact of President Donald Trump’s 50% tariffs on steel and aluminum imports. In a statement, Hassan wrote that while experts have pointed to the possibility of tariffs in general driving up prices, “grocery retailers themselves have provided little public information about the potential harms of steel and aluminum tariffs.” Now the Democratic senator is looking for specifics, such as how exactly the tariffs could disrupt supply chains, raise costs, and impact ... (full story)