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.
  • 4 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 2 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%.
  • China initially matched the first $50 billion, and then an additional $60 billion against the latest round ($200 billion).
  • China announced on May 20th that it would raise tariffs to 20% or 25%, up from the 10% already in place. Implementation was June 1st.
  • As reported, price increases on impacted products are industry-wide. Vendors are expected to see the impacts of these tariffs on raw materials at different stages, depending on multiple factors.

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.