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Stock impact report

Tariff Wars Turn Into Global Food Fight [Forbes]

J.M. Smucker Company (The) New (SJM) 
Last j.m. smucker company (the) new earnings: 2/26 07:00 am Check Earnings Report
US:NYSE Investor Relations: jmsmucker.com/investor-relations
Company Research Source: Forbes
Tariff Wars Turn Into Global Food Fight Source: Getty There’s been a lot of talk about the impact tariffs are having on American companies such as Harley-Davidson and car manufacturers, as other nations slap retaliatory tariffs on U.S. goods. But the fight is going beyond steel to soup and hitting big American food and beverage brands. Even though the U.S. restricted its tariff tug-of-war largely to raw materials, the battle is turning into a full-scale global food fight. So who is getting caught in this trade war and how are they being affected? Fitch Solutions Macro Research in a Jan. 14 report (not based on Fitch Ratings analysts) points out how retaliatory tariffs are impacting U.S. exports to China, Canada, Mexico and the European Union. While U.S. tariffs are “primarily focused on materials and manufacturing products,” Fitch Solutions said the pushback has hit different industries hard. Officials are aiming at big brands, including food and beverage. European Commission Presiden Show less Read more
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