government

Financing

The Supreme Court strikes down President Trump's tariffs

The court said the president did not have the broad authority he had asserted to implement sweeping tariffs on a host of nations. Trump immediately vowed to use different rules to keep them in place.

Financing

The restaurant industry has an immigration problem

The Bottom Line: The Trump Administration’s immigration enforcement policy is closing restaurants and hurting operators. But that’s nothing compared to the long-term impact it will have on sales and labor costs.

Steak and burgers are in, seed oils and flour tortillas are out, as the government rethinks the way Americans should eat. But how much will this impact dining-out decisions?

To the federal government, it makes sense to ditch the penny as it costs more to make than it’s worth. Restaurants are hoping Congress will help them buy time while the consumer adapts to the change.

The proposal now heads to the full city council for a vote. Beverages made with intoxicating hemp have become popular in Chicago's restaurants, bars and performance venues.

In a campaign-style speech to the fast-food giant’s franchisees, the president praised the company’s price cuts on Extra Value Meals and vowed to lower inflation.

The White House walked back some of its import taxes on agricultural products amid inflation concerns. The National Restaurant Association said it “delivers needed relief for restaurants and their customers.”

President Trump’s signature bill eliminates tax deductions for corporations that do not exceed 1% of their taxable income. That could devastate restaurant chains’ food donation efforts.

A Deeper Dive: A special episode of the restaurant finance podcast explores the tip credit, and why the fast-food giant opted to leave the National Restaurant Association over the issue.

The trade group is asking the Trump Administration to exempt food and beverages from new tariffs, saying they will drive up restaurants’ costs for items like coffee and hamburgers.

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