Albertsons Companies says grocery chain is not accepting tariff price hikes

Rate this post


The second largest share of America warned its suppliers is chapman Due to the tariff policy of President Donald Trump will not increase prices related to tariffs.

Albertsons operating more than 2,200 stores around the world, including Kings, Balducci, Safeway and Randalls, have been told in the letter last month, according to the US project of economic freedoms. Researcher Matt Stoller:A number

The supermarket chain noted that the update was made to keep goods at competitive prices.

“With a few exceptions, we do not accept expenses due to tariffs,” said Idaho’s chain in the letter.

How can they affect the price of folk food

Albertsons:

The buyer enters the Albertson’s grocery store in Oregon. (ISTOCK / ISTOCK)

“Suppliers are not allowed to include Tariffs related expenses Without the initial permission of Alberto companies. “The Alberto continued.”

The retail sale of food and medicines for sale of $ 80.4 billion in the 2024 financial year, its stores operates in 34 states and in Colombia.

Supermarket giant drives 20 famous posters, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, ACME, Tom Thumb, United States, Wagen

Proposed Trump Tariffs can run food prices, experts say

Albertsons:

The oranges are sold in the San Diego section of the Albertsons Food store in San Diego, California. (Bing Guan / BLOOMBERG / GETTY Images)

It remains unclear how company suppliers respond to new policy or how they plan to absorb additional costs.

Fox News Digital reached Albertson for more information, but they did not answer immediately.

Grieving Safety Last Vocation Change%
Aci ALBERTSONS COMPANIES 21.69 -0.22

-1.00%

Fox Business had previously reported that Grocery retail There are already a razor-thin profit margin, which often start from 1% to 5%, according to the main content of the Food Institute, Kelly Biton. Such businesses may be inclined to keep the margins of profit, added to Biton.

Get Fox Business Go by clicking here

Trump's contribution

President Donald Trump is on the chart of “mutual tariffs” during the conversion of the trading announcement during the “Rise of America” ​​company. (Chip Somodevilla / Getty Images / Getty Images)

In recent weeks Trump imposed At 10% of the US dollar’s almost all large partners, the base tariff exchange rate to support American products and support the drug flow in the country.

As a result, imported products such as avocado, alcohol, coffee and seafood are expected to be an American consumer.

Fox News’ Daniella Genovese contributed to this report.

 
Report

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *