Many companies issued price increase warnings, and net sales of pork in the United States plummeted by over 70%.
According to a report from the United States Axios news website, in recent days, American retailers are becoming increasingly worried that the US government's excessive imposition of tariffs will lead to widespread shortages and price spikes in goods. Many companies, including Procter & Gamble, Best Buy, Unilever, and Ford, have issued warnings of price increases or have already raised prices. The report points out that the US government's excessive imposition of tariffs not only affects imports to the United States, but also affects exports. The exports of agricultural products such as soybeans and pork from the United States are decreasing significantly. Data released by the US Department of Agriculture recently shows that in the week of April 11 to 17, net sales of US soybeans decreased by 50% from the previous week, and net sales of pork decreased by a staggering 72%.
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