food costs

Financing

With prices still rising, President Trump cuts tariffs on beef, coffee and other products

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.”

Financing

Record beef prices take a bite out of restaurants

Burger King, Chipotle, Shake Shack and Darden Restaurants have all said that record beef prices are driving up their commodity costs. But the ability to raise menu prices is limited.

The producer price index for food jumped 1.4% last month as tariff-related increases take effect, raising more concerns about mounting inflation.

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.

Restaurant chains report minimal tariff impact on food costs as domestic sourcing shields operators, but the industry is bracing for potential price increases this summer. Learn what restaurant brands and segments face the greatest risk.

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.

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.

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