The National Restaurant Association sent a letter to President Donald Trump, warning that tariff increases could cost the industry $12 billion, as Bloomberg reported.
The letter reportedly said that restaurants would have to raise prices, saying that operators saw typical margins in the 3% to 5% range.
“We urge you to exempt food and beverage products to minimize the impact on restaurant owners and consumers,” the letter reportedly said. “This will help keep menu prices stable.” The report did not say whether the claimed $12 billion would be an annual loss or something accumulated over time.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
