Pricier grills but cheaper meat: how Trump’s trade policies have affected July 4 [Toronto Globe and Mail (Ontario, Canada)]
Kroger Company (The) (KR)
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Source: Toronto Globe and Mail
Pricier grills but cheaper meat: how Trump’s trade policies have affected July 4 U.S. consumers likely paid more for grills to cook their Independence Day hot dogs and burgers this year because of the U.S.-China trade war, but they will find some consolation in less costly meat for cookouts as tariffs curb U.S. exports. The tit-for-tat tariff fight between the world’s two largest economies started by U.S. President Donald Trump a year ago has U.S. companies facing higher costs for metals and components, while U.S. agricultural exports to China have fallen off. Grill manufacturers such as RH Peterson Co, which owns high-end brands Fire Magic Grills and American Outdoor Grill, said they were struggling with higher prices for raw materials like steel as well as Chinese-made components of their products. Story continues below advertisement “It’s something that has been very harmful for our operations,” said Joe Valencia, purchasing manager at RH Peterson. While the company absorbed some o
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