food costs

Financing

Restaurant executives worry less about tariffs, more about the consumer

Restaurant operators and executives, both in public and private, fret about the impact of import taxes on food costs, construction costs and wonder whether they can raise prices. But they’re more worried about the state of the consumer.

Financing

President Trump pauses tariffs following market turmoil

The president paused so-called reciprocal tariffs for 90 days on all countries but China. Imports from that country will now be taxed at 125%.

The Administration announced a broad set of tariffs of at least 10% on trading partners around the world on "Liberation Day." The move roiled markets and added more uncertainty to an already unsteady economy.

Shake Shack and other brands see the cost of beef as one of the biggest risks ahead as the downcycle lingers.

A Deeper Dive: Ricky Richardson, CEO of the breakfast-and-lunch franchise Eggs Up Grill, joins the podcast to talk about what his company—and its franchisees—are doing about egg prices.

The trade group said that a 25% tariff on food and beverage products from Mexico and Canada would cut profits for the average operator by 30%.

The spread of avian flu is creating an egg shortage that has spiked prices. Restaurant operators are struggling to cope with higher costs.

About half of the fast-casual chain's avocados come from Mexico and sourcing has shifted to other countries. Food costs would likely increase less than 1% if tariffs are put in place.

The Trump Administration imposed 25% tariffs on Canada and Mexico and 10% tariffs on China. The result could drive up the costs of commodities like avocados and baked goods, while slowing economic growth.

Threatened tariffs on Mexico, Canada and China could have a widespread impact on the industry, as could immigration restrictions, just as the environment normalizes.

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