U.S. consumers likely paid more for grills to cook their Independence Day hot dogs and burgers this year because of the U.S.-China trade war, but they will find some consolation in less costly meat for cookouts as tariffs curb U.S. exports.
While the company absorbed some of the costs, it has raised prices on grills by almost 10% this year - more than the normal seasonal increase of 1% to 4% each summer, said Jerry Scott, senior vice president of sales. “I actually did notice that meat was cheaper this year,” said Donald Denna, a Mariano’s customer. “We normally cook chicken on the Fourth of July, but this year I got steak.”
U.S. pork exports to China and Hong Kong, the No. 2 buyers of U.S. pork before the trade war, were down 16% this year through April and also fell to top-buyer Mexico as the Trump administration renegotiated the North American Free Trade Agreement, according to the U.S. Meat Export Federation.
Stock market sure doesn’t seem to mind the Policies
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