The Consumer Brands Association, representing major food and beverage companies like PepsiCo and Mondelēz, has urged the White House for targeted tariff exemptions on crucial imported ingredients, citing that certain items like cocoa and tropical fruits aren’t available domestically. The group’s CEO, Melissa Hockstad, emphasized the need for a more nuanced approach to tariffs to mitigate their impact on U.S. manufacturers and consumers, which could help alleviate rising costs. Executives warn that current tariffs are already straining operations and might lead to further price increases for consumers.

Source: https://www.supplychaindive.com/news/consumer-brands-association-trump-tariffs/742559/