FMI Statement on President Trump’s Proposed Tariffs on Imported Goods

Arlington, VA -  Leslie G. Sarasin, president and CEO of FMI – The Food Industry Association, issued the following statement regarding President Trump’s announcement of proposed tariffs on imported goods.

“FMI and our member companies stand ready to work with the Trump administration to help reduce inflationary regulations and improve the buying power of American consumers. American consumers value local farmers and local food products, but also availability of products 12 months of the year, which requires imports of food products. With 1.6% retail and 7.5% food manufacturing net margins, tariffs will put incredible pressure on our members. New tariffs will also drive up the cost of doing business and food prices at a time consumers are extremely concerned about prices.” 

About FMI

As the food industry association, FMI works with and on behalf of the entire industry to advance a safer, healthier and more efficient consumer food supply chain. FMI brings together a wide range of members across the value chain — from retailers that sell to consumers, to producers that supply food and other products, as well as the wide variety of companies providing critical services — to amplify the collective work of the industry. www.FMI.org