Trump tariffs could impact biggest US meat producer
Published On Feb 4, 2025, 11:19 AM
Tyson Foods, one of the largest meat producers in the U.S., is making contingency plans due to potential tariffs on pork and chicken products shipped to Mexico and Canada. Although President Trump has paused these tariffs for 30 days to facilitate negotiations with both countries, Tyson's CEO indicates that the company is preparing for the possibility by adjusting operations and identifying alternative markets for their products. This indicates that Tyson Foods is proactively attempting to mitigate risks despite the political situation regarding trade tariffs.
Stock Forecasts
TSN
Negative
Given Tyson Foods' proactive adjustments to mitigate risks from potential tariffs and their strong market position, the company is likely to navigate this political landscape effectively. Nonetheless, the uncertainty surrounding tariffs and potential retaliatory actions could create volatility in the stock price in the short term.
Related News
Live: Trump tariffs on Canada, Mexico paused for a month, China duties set to take effect Tuesday
Feb 3, 2025, 5:30 PM
Yahoo Finance will chronicle the latest news and updates on Trump's tariffs — from the threats to the eventual policy.
McDonald's sues several meat packing companies, claims they colluded to inflate beef prices
Oct 9, 2024, 5:54 AM
McDonald's filed a lawsuit against multiple meat companies over allegations they conspired to inflate the price of beef specifically.
Tyson Is Sued Over Labeling of ‘Climate-Smart’ Beef
Sep 18, 2024, 2:35 PM
An environmental group said the company, a major food producer, was misleading shoppers with its claims about eco-friendly practices.