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Tariffs Announcement Update for LRA Members
Feb 3, 2025
The White House has announced that President Trump will implement new tariffs effective February 1:
- 25% on imports from Canada and Mexico
- 10% on imports from China
There are no known exclusions or exceptions at this time. It remains unclear under which legal authority these tariffs will be enacted, and legal challenges may arise.
Potential Impact on Restaurants:
The National Restaurant Association is actively engaging with policymakers to emphasize the importance of free trade and reliable food sourcing. These tariffs could affect ingredient costs, pricing strategies, and menu planning for restaurants. The Association is gathering member feedback on economic impact and will escalate its response if needed.
Next Steps:
The National Restaurant Association will continue monitoring developments and working with the Administration to ensure restaurant operators' concerns are considered.