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Campbell's Soup blows up Secretary Ross claim tariffs wouldn't hurt them — and he pushes back anyway

Jeff Cox

During an earnings call, Campbell Soup Chief Financial Officer Anthony DiSilvestro points to steel tariffs as possibly hurting the company's bottom line going forward. In March, Commerce Secretary Wilbur Ross used a can of Campbell's Soup to demonstrate that the tariffs would have a minimal effect on costs. In March, Commerce Secretary Wilbur Ross held up a can of Campbell's Soup to demonstrate how benign the effects would be of steel and aluminum tariffs.