CNBC
- Commerce Secretary Wilbur Ross used cans, including a can of Campbell’s Chicken Noodle Soup, to explain that President Donald Trump’s new tariff on steel and aluminum is not too bad.
- Campbell’s Soup told Business Insider it does not support the new policy.
- “Any new broad based tariffs on imported tin plate steel – an insufficient amount of which is produced in the US – will result in higher prices on one of the safest and more affordable parts of the food supply,” a spokesperson said.
Campbell’s Soup Company replied to the Trump administration’s new tariffs on steel and aluminum after Commerce Secretary Wilbur Ross used the company as an example of the new policy’s muted effects.
A spokesperson for the company told Business Insider that the tariffs are misguided and will end up causing price increases for US consumers.See the rest of the story at Business Insider
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See Also:
- One of Trump’s top trade advisers held up a can of Campbell’s soup to argue that Trump’s massive tariffs are ‘no big deal’
- Gary Cohn is reportedly eyeing the exits after losing the fight over Trump’s shocking economic announcement
- Here are the biggest losers from Trump’s giant tariff announcement
SEE ALSO: Trump’s newest economic move could cause the price of everything from cars to beer to rise
