Update: Consumer Brands Association Urges White House to Exempt Key Ingredients From Tariffs

MT Newswires Live03-13

(Updates with the Consumer Brands Association's letter to President Donald Trump starting in the first paragraph.)

The Consumer Brands Association, or CBA, urged the White House to grant "targeted agricultural tariff exemptions" on certain imports of key ingredients that are unavailable in the US.

PepsiCo (PEP), Conagra (CAG), and J.M. Smucker (SJM) are among the members of the Consumer Brands Association.

In a Monday letter to President Donald Trump, the association said the US lacks supplies of coffee, oats, cocoa, spices, tropical fruit and tin mill steel and urged for the exemption of these products from tariffs.

"We believe there's a path to elevate your approach on tariffs to ensure that they deliver maximal impact without undue consequences on prominent US manufacturers," CBA said, noting that it is open to discussions over the matter.

PepsiCo, Conagra, and J.M. Smucker did not immediately reply to MT Newswires' requests for comment.

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