Quotes
Someone is going to get kind of hurt here,
John LaForge of the Wells Fargo Investment Institute told Reuters
Any way you cut it, you’re looking at higher prices,
Wells Fargo’s LaForge saidExpect fuel prices will rise noticeably if oil and refined products are not exempt,
GasBuddy analyst Patrick De Haan said in a post on social mediaWhatever the cost is, ultimately it ends up in the consumer’s lap, and there’s nothing we can do about it,
Ryan saidWe’re in a kind of hand-to-mouth situation here,
said Alex Ryan, energy director at Kansas-based Oasis Energy, which operates a travel store and partially owns a fuel-retailing convenience storeThe oil in Alberta doesn’t have much of an option where it goes, and the refiners in the midwest don’t have much of an option on where they get the feedstock,
he saidAt the end of the day, tariffs on spirits products from our neighbors to the north and south are going to hurt U.S. consumers and lead to job losses across the U.S. hospitality industry, just as these businesses continue their long recovery from the pandemic,
Swonger said
Beef prices are high right now and trade disruptions can introduce some chaos into the markets,
Zimmerman said
Any increase in expenses in the form of a tariff subsequently serves as a 'food tax' on consumers for imported products and is not a workable solution,
National Grocers Association spokesman David Cutler saidWe import most of our fresh fruit and vegetables from Mexico and Canada so you will definitely see inflation on those products,
said Rob Fox, an economist and director of CoBank's Knowledge ExchangeIf it goes through anything like threatened, it will definitely push U.S. beef prices up significantly higher,
he said of tariffsThese are products that are not easily replaced,
he saidFood companies are scrambling to come up with contingency plans in terms of where they might source these products should these tariffs come into place, and that adds cost to their operations,
he said