Tyson Foods, a major U.S. meat producer, is adjusting its operations in anticipation of potential tariffs on pork and chicken exports to Canada and Mexico. While the tariffs were initially planned to take effect over the weekend, they have been paused for 30 days to allow for negotiations. Tyson CEO Donnie King stated that the company has contingency plans in place to find alternative markets if the tariffs are implemented.
One of the biggest meat producers in the U.S. is making contingency plans for its pork and chicken products as sweeping tariffs loom over its trading partners. Tyson CEO Donnie King told analysts on an earnings call Monday that the company, which supplies Canada and Mexico with shipments of pork and certain chicken parts, has been "making adjustments" to its operation ahead of the planned tariffs, which took effect over the weekend but are currently paused.
President Donald Trump paused plans to implement 25% tariffs on both countries for 30 days to give them time to negotiate economic deals aimed at securing U.S. borders and curbing the flow of drugs, like fentanyl, into the country. Canadian Prime Minister Justin Trudeau – who also paused plans to impose a 25% retaliatory tariff on U.S. imports – said on X that Canada will implement a $1.3 billion border plan and appoint a fentanyl czar.
TARIFFS MEXICO CANADA TYSON FOODS MEAT
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