TRADE & TARIFFS

Farmer's Report

Import & product price trends 

  • The US announced early in 2018 they would impose tariffs on imports to shrink the trade deficit.
  • Four rounds of tariffs on Chinese goods have been implemented so far:
    • 1. March 23rd, 2018, ~$3 billion of products: imported Steel (25%) and Aluminum (10%).
    • 2. The next round of ~$50 billion in products from China - mostly machinery and parts - was put on in two stages:
    • • July 6th, 2018, ~$34 billion of imported products (25%).
    • • August 23rd, 2018, ~$16 billion (also 25%).
    • 3. September 24th, 2018, an additional ~$200 billion in products from China (10%).
    • 4. On May 10th, 2019, the US government raised the 10% tariff it had implemented on $200 billion of Chinese goods to 25%.
    • 5. China has initially matched the first $50 billion, and then an additional $60 billion against the latest round ($200 billion).
    • 6. China announced on Monday, May 20, 2019, that it would raise tariffs to 20% or 25%, from the already 10% in place.
  • Media reports that President Trump has suggested a 10% tariff on the remaining $300 billion in Chinese exports, effective Sept. 1, 2019. Reports indicate that the remaining tariffs would be mainly on finished goods and not agricultural products. Media is additionally reporting that trade talks are currently scheduled to resume in September. However, on Monday, Aug. 5, 2019 it was reported that China stated that they will halt buying any and all U.S. agriculture products indefinitely.

Products with Price Increases

Tariff Group

USF Product Group Impacted

PIM Categories Impacted

Metals - Iron, Steel, Aluminum

Disposables

Foil Bags, Foil Carryout Containers, Foil Roll, Trays and Pans, Foil Wraps and Sheets, Basket Liners

Metals - Iron, Steel, Aluminum
CES

Heavy Equipment, Smallwares, Parts & Supplies

Metals - Iron, Steel, Aluminum

Grocery

Beverage

Metals - Iron, Steel, Aluminum

Grocery

PC Savory Condiments

Metals - Iron, Steel, Aluminum

Canned Goods

Canned Tomatoes, Dry Pack Beans, EB Canned Fruit, Ketchup, Shelf-Stable Entrées, Canned Pasta, Oil, Dessert Toppings, Cocoa

Metals - Iron, Steel, Aluminum

Value Added Shelf-Stable

Sauces, Shelf-Stable: Gelatin, Pudding & Pie Filling, Shelf-Stable

Metals - Iron, Steel, Aluminum

Canned Goods

Canned Fruit and Veg., Pudding & Custard, Cheese, Sauces, Beans

Straws and Stirrers

Disposables

Straws, Drinking, Plastic/PLA - Straws, Stirrers, Plastic/PLA

Metals - Iron, Steel, Aluminum

Value Added Shelf-Stable

EB Gelatin, Pudding & Pie Filling, Shelf-Stable & EB Sauces, Shelf-Stable

Plastics

Disposables

Bags, Food Storage (PE) and (PP), Bags T-Shirt, Buckets, Can Liners, Cups, Dust Pans, Food Containers, Lids, Pastry Bags, Urinal Deodorizer, Aprons, Bibs, Headware (Disposable), Trays & Film

Paper

Disposables

Bags, Cups, Drinking Straws, Facial Tissue, Food Containers, Lids, Napkins, Paper Towels, Pizza Boxes & Circles, Toilet Seat Covers, Toilet Tissue, Register Tape (Disposable), Labels, Paper Wraps & Boxes

Fibers / Molded Fiber

Disposables

100% Cotton Fabrics, Cups & Bowls, Food Containers, Plates, Platters, Lids

Gloves

Disposables

Latex, Nitrile, PE, Vinyl/Synthetic

Frozen Seafood

Finfish & Shellfish

Catfish, Flounder, Haddock, Tilapia, Pasteurized Crabmeat, Scallops, Squid, Crawfish

Canned Fruit

Canned Fruit & Veg.

Mandarins, Nuts, Cauliflower, Other Fruits & Veg.

The data contained in the Farmer’s Report is provided for informational purposes only, is not tailored to your specific purchasing needs, and is not intended as a substitute for any other publicly-available market data or information. The Farmer’s Report is compiled from the last-received market data provided by the United States Department of Agriculture (USDA) and/or other market sources, and is subject to change without notice. Nothing herein is the opinion of US Foods®. US Foods neither assumes any legal liability nor makes any warranty or guaranty, either express or implied, regarding the completeness, accuracy or usefulness of this information.