Shoppers will pay more for bananas, coffee and toilet paper because of tariffs, trade group says
Publishing timestamp: 2025-04-03 20:16:39
Summary
Trump administration's new tariffs will lead to higher prices for household staples like coffee, bananas, and toilet paper. Industry trade group Consumer Brands Association, representing major companies, warns that some key ingredients are not available domestically. Commerce Secretary dismisses idea of exemptions for specific goods. Stocks in consumer staples sector rose as investors sought safety in household necessities.
Sentiment: NEGATIVE
Keywords: coca-cola co, business news, breaking news: politics, united states, mccormick & company inc, breaking news: business, tariff, donald trump, restaurants, retail industry, target corp, business, food and drink, politics, procter & gamble co,
Source: https://www.cnbc.com/2025/04/03/trump-tariffs-banana-coffee-toilet-paper-prices-could-rise.html