Spice Giant McCormick Warns Tariffs Could Cost $90M a Year

Spice giant McCormick warns tariffs could cost $90M a year

Prices for ingredients such as black pepper, cinnamon and vanilla are expected to rise as they cannot be commercially grown in the U.S.

McCormick is focused on mitigating tariff impact on agriculture, says CEO Brendan Foley

McCormick CEO Brendan Foley told CNBC's Jim Cramer on Thursday that the spice maker is looking at how new tariffs will impact sourcing for its products.

FPSA - Spice giant McCormick warns tariffs could cost $90M a year

Prices for ingredients such as black pepper, cinnamon and vanilla are expected to rise as they cannot be commercially grown in the U.S. Read MoreThe post Spice giant McCormick warns tariffs could cost $90M a year appeared first on FPSA.