The Chairman and CEO of Red Apple, John Katsmsidis, is discussing how grocery and gasoline prices during President Donald Trump have decreased on Maria Bartopiromo Wall Street.
The second largest grocery series in America warned its suppliers of that the Retail seller The high prices related to tariffs will not be accepted due to President Donald Trump’s introductory policies.
Albertsons, which runs more than 2,200 stores across the country – including kings, Balducci, Safeway and Randalls – have informed their suppliers to modernize politics in the speech last month, according to the American Economic Liberties project Researcher Matt Stoller.
The supermarket said the update was made to keep the products at competitive prices.
“With a few exceptions, we do not accept the increase in cost due to the definitions,” said the Idahu state in the letter.
How can Trump’s tariff affect the price of popular foods
The shopping store enters the Albertson grocery store in Portland, Oregon. (Istock / Istock)
“It is not allowed to include them Air tariff costs In bills without prior permission by Albertson companies, “Folistons.” Any bills that include these fees without prior permission will be subject to the conflict and may delay the payment. “
Food and drug retail stores, which have achieved $ 80.4 billion in sales during the fiscal year 2024, run their stores in 34 states and province of Colombia.
SuperMarket Giant runs 20 well-known signs, including Albertsons, Safeway, Vons, Jewel-OSCO, Shaw’s, Acme, Tom Thumb, Randalls, UNITED SuperMarkets, Bavilions, Star Market, Haggen, Carrs and Kings Food Markets and Balducci’s Food Market.
Experts say that Trump’s proposed definitions can increase food prices
Oranges are offered for sale in the products section of the grocery store in Albertson, San Diego, California. (Bing Guan / Bloomberg / Getty Images)
It is still unclear how the company’s suppliers’ reaction to the new policy was or how they plan to accommodate the additional costs.
Fox News Digital communicated with Albertsons companies for more information, but it did not respond immediately.
| index | protection | last | Changing | % Change |
|---|---|---|---|---|
| ACI | Albertson companies | 21.70 | -0.20 |
-0.94 % |
Fox previously reported that Broken retailers It already works on Razor-the-Hin-high profit margins that range from 1 % to 5 %, according to the chief content staff at the Food Institute, Kelly Beton. Biton added that these companies may tend to pass the costs to keep the profit margins.
Get Fox Business on the Go by clicking here
President Donald Trump holds a plan for “mutual definitions” while speaking during “Make America Wealthy Again” the commercial announcement on April 2, 2025. Trump slapped a 10 % primary tariff rate on almost every major commercial partner. (Chip Somodevilla / Getty Images / Getty Images)
In recent weeks, Trump’s imposition A 10 % essential definition rate on imported goods from almost every major American trading partner in an attempt to support American -made goods and reduce drug flow to the country.
As a result, it is expected that imported products such as avocado, alcohol, coffee and seafood are more expensive for the American consumer.
Fox News’ Daniella Genovese contributed to this report.
https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2022/10/0/0/Albertsons-1.jpg?ve=1&tl=1
Source link