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Live Updates  >  Live Update Details

2025-07-31 09:48:45

[The National Restaurant Association wrote to the U.S. government to oppose the proposed food and beverage import tariffs] The National Restaurant Association issued a statement on July 30, saying that the association had written to U.S. Trade Representative Greer, urging the U.S. government to reconsider the proposed food and beverage import tariffs. The statement said that imposing a 30% tariff on food and beverage imports from Mexico and Canada may cause the U.S. restaurant industry to lose $15.16 billion and may cause small businesses to lose 35% of their profits. The association also expressed concern about the U.S. government's possible imposition of tariffs on imports from Brazil and the European Union, saying that this would further increase supply chain pressures and increase the cost of necessities such as coffee, beef, wine and spirits.

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