Several CPG companies may be affected by new tariffs on many staple goods, including salad dressing and candy.
“The Wall Street bank said candy, salad dressing and cucumbers are among the products that are subjected to a 10% import tariff. Hershey will be impacted because it sells a lot of its products in Canada, while TreeHouse will have to pay import tariffs on some products while dealing with higher commodity costs. The impact will be less severe on packaged foods companies such as Kraft Heinz and J.M. Smucker.”
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