From Yahoo Finance: 2025-05-08 16:36:00

Food maker Kraft Heinz asks coffee suppliers for 60 days notice before price hikes due to Trump’s tariffs. Company document reveals struggle to contain fallout from trade policies. Investors and officials disappointed that big companies cannot negotiate better deals to offset tariffs. U.S. implements 10% tariff on imported goods, excluding Chinese imports. Kraft Heinz’s sales and volumes drop, struggling against private labels. Coffee industry grappling with handling U.S. tariffs. Kraft Heinz’s coffee business accounts for 3% of total net sales. Company uses cash flow from coffee to invest in higher growth brands. Coffee price hike may impact Maxwell House brand. Kraft Heinz estimates higher input costs this year. Roasters agreed on coffee prices months ago.

Read more: Exclusive-Kraft Heinz asks coffee suppliers for 60 days’ notice for tariff hikes