This audio is automatically created. Please let me know if there is feedback.
President Donald Trump said at the White House on Wednesday that the food industry will increase the cost of manufacturers and consumers.
10% tariffs for all US imports will be implemented from April 5th, and mutual tariffs in 60 countries will take effect on April 9.
Tom Madreci, vice president of the Consumer Brands Association, a representative of consumer packaging manufacturers, immediately protects Trump’s tariffs and exempted major ingredients and exempted main ingredients and inputs to Trump and “unnecessary in foodstuffs We immediately urged the “fine adjustment” of the main ingredients and inputs needed to prevent “inflation”.
Madreci said in a statement, “But the president’s success of the US first trade policy is already performed in the right way, but it must be recognized for US companies that rely on imports of specific ingredients and inputs that cannot be supplied in Korea. It will harm unintended American manufacturers. “
MADRECKI has already mentioned that the consumer packaging product industry is already manufactured at the same time in the United States, and some ingredients required for some food and beverage products are not provided in domestic or necessary quantities. “I can’t return this input to the United States,” he added.
According to the tariff announcement, the president said that certain trading partners, such as China, Japan and the European Union, will perform higher tasks than the baseline from April 9, which will be half of the total trade barriers calculated by each trading partner, including tariffs and value -added taxes.
For example, the United States will claim 34%of tariffs in China, following the 67%claims calculated by the United States through tariffs and other trade measures. Meanwhile, Japan is imposed 24%in Japan, 20%for the EU and 46%for Vietnam.
-Fast response 47 (@RapidResponse47) April 2, 2025
The mutual tariff rate applies only to the non -US content of the finished product if more than 20% of the product value is made in the US according to the administrative order where more than 20% of the product value in the United States enacts a new task. Previously enacted tariffs in Canada and Mexico will not be affected by new tariffs depending on the White House facts. This includes a mandatory suspension of imported products that comply with the US-Mexico-Canadian contract.
Products such as steel, aluminum, automobiles, auto parts, copper, pharmaceuticals and semiconductors do not apply new obligations. The tariffs of automotive and auto parts, as well as tariffs on previously established steel and aluminum, are still valid.
The Trump administration’s decision softens the blow of what is promised to be a universal tariff.
Trump continued to establish such a mutual tariff on April 2, when the federal agency continued to submit the results. Trade policy review He ordered in the office on the first day. The results have not yet been announced, but the cabinet officials have been tasked with evaluating the trade agreements of other countries and potentially unfair trade practices.
In the lead ups of April 2, Trump aimed to be a separate sector from a particular country that increased the import fee. His administration hiked tariffs 20% of China And it is considered 25% “2nd” tariff In a country that buys oil from Venezuela.
Meanwhile, 25%of tariffs on products in Canada and Mexico Pause For a month, in the US-Mexico-Canadian contract in March due to the initial delay.
US trading partners are kindly responding to Trump’s tariffs. China and Canada will be released They their own retaliation obligations and the European Union We promise our own measures Until mid -April. meantime, Claudia Shane Baum Mexican President In February, this country said There were several plans Retal retaliation for higher US import fees.
Christopher Doering contributed to this story.