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National Restaurant Association Statement on Removal of Tariffs on Food and Agricultural Products
Prnewswireยท 2025-11-15 19:23
Core Points - President Trump signed an Executive Order to remove tariffs on certain food and agricultural products, aimed at stabilizing supply chains and reducing cost pressures for restaurants and consumers [1][4] - The National Restaurant Association supports this action, highlighting that food costs have increased nearly 40% over the past four years, and emphasizes the need for further tariff reductions to maintain affordable prices [1][4] - The removal of tariffs is seen as a step to strengthen the food supply chain, reduce costs, and support menu innovation, with calls for further actions on alcohol, supplies, and equipment essential to the hospitality industry [3][4] Industry Impact - The restaurant industry relies on a steady and affordable supply of ingredients, with many products not being able to be sourced domestically due to seasonal and climate limitations, making this tariff removal beneficial for maintaining diverse menus and reasonable prices [2] - The National Restaurant Association represents over 1 million restaurant and foodservice outlets and a workforce of 15.7 million employees, indicating the significant scale and economic impact of the industry [5] - The ongoing challenges for the industry include labor, rent, swipe fees, and utilities, highlighting the need for continued collaboration with policymakers to address these cost issues [4]