This audio is automatically created. Please let me know if there is feedback.
Senator Maggie Hassan asked Albertsons, Kroger, Walmart, Costco, and Dollar General information on how the Trump administration’s tariffs imposed on imported steel and aluminum could affect the shops, suppliers and costs of the groceries.
On June 18, Senator New Hampshire was sent to the chief executive of the retailer, and Senator New Hampshire requested details, including a method of expecting a tariff of a metal that doubled to 50%on June 4, and affected personal trademark products, especially canned food and frozen meals.
Hassan, a member of the Congress’s Joint Economic Committee, pointed out that the Democratic Party of Republican Control Panels is particularly interested in how to increase metal prices, which may affect good costs. She has requested more details on the costs, profits and profit margins for best -selling canned food and aluminum foil products in the last five quarters.
HASSAN also requested information on how to provide the benefits of canned goods, including the Brand Name and Personal Trademarks, a customer who receives the Supplemental Nutrition Assistance Program (SNAP). HASSAN also said that I would like to estimate the number of jobs supported by retailers in industries such as construction, food packaging and food processing.
Hassan said, “High groceries are the best economic concerns for Americans, and experts say that tariffs can greatly increase the cost of canned foods.” Experts also noted the potential influence of the tariffs on the shelf, equipment, transportation and groceries and other input costs.
In this letter, HASSAN quotes data from the Consumer Brands Association, indicating that 50% of imported steel can increase the price of canned food from 9% to 15%. She also pointed out the statistics that the United States imports almost 70%of the steel used for canned fruits and vegetables.
HASSAN provided the information requested to retailers by July 9th.
On June 11, the Labor Statistics Bureau rose to 2.2%annually on May 11.