Farmer's Report

Import & product price trends 

  • President Donald Trump announced early in 2018 he would impose tariffs on imports to shrink the trade deficit.
  • Three rounds of tariffs 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%).
  • The administration planned to increase them to 25% on January 1, 2019, if no agreement was met. 
  • Trump announced on December 2, 2018, that these additional tariffs would be delayed 90 days in order to give the two countries a chance to come to an agreement on trade. 
  • News reports said recently that talks were progressing, and therefore the March 1st deadline was suspended to give them time to finalize the deal.
  • Reports also stated that there is potential for the current tariffs to remain in place even after an agreement is reached, in order to keep pressure on China to keep their commitments.
  • China has retaliated against the US tariffs, initially matching the first $50 billion, and then an additional $60 billion against the latest round ($200 billion). 
  • Price increases on affected products are industry-wide, and vendors will see the impacts of these tariffs on raw materials at different stages depending on multiple factors. 
  • There are no changes to any implemented price changes at this time. 
  • As vendors increase their prices due to tariffs, we pass them on to customers.

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.