McCormick has warned that the Trump administration’s tariff policies could cost the company up to $90 million annually due to increased prices on spices not grown in the U.S. To counteract these costs, they plan to raise prices selectively and explore alternative sourcing options. CEO Brendan Foley noted that some ingredients are irreplaceable, as they are not available domestically. As tariffs are set to increase on various spices, McCormick’s second-quarter earnings exceeded expectations, driven by a growing demand for healthier, reformulated products.

Source: https://www.supplychaindive.com/news/mccormick-spices-tariffs-ingredients-food-price-inflation/751852/