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Stock impact report

Coffee, seafood and fruit: Tariffs will make your groceries more expensive [CNN]

The Kraft Heinz Company (KHC) 
Last the kraft heinz company earnings: 4/30 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: ir.kraftheinzcompany.com/overview
Company Research Source: CNN
New York CNN — Supermarkets sell imported items in every section of the store: from fresh and packaged foods to household basics. Trump instituted 10% tariffs across all countries last Saturday and slapped higher reciprocal tariffs on 60 countries and trading blocs today. US businesses shipping goods from overseas will pay for those tariffs, and they will pass some of the higher costs down to consumers. Shoppers can expect to see prices rise on seafood, coffee, fruit, cheese, nuts, candy bars and other imported foods, according to experts. Items that contain ingredients and packaging like plastic and aluminum from other countries will also be hit. Perishable food prices will rise first, followed by shelf-stable goods. Customers may also see smaller-sized products, known as shrinkflation , and find that certain versions of items have been eliminated as companies try to offset their cost hikes from tariffs. Customers can expect grocery prices to increase “in the next couple of Show less Read more
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