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Tariffs kick food, beverage companies that are already down

Amelia Lucas

Some food and beverage companies were already struggling before the EU and Canada slapped the U.S. with hefty new tariffs. Campbell Soup faces a 10 percent tax on its soup, broths and tomato products after already being hit by the U.S. tariff on steel and aluminum. Tariffs on peanut butter and orange juice add to rising costs for J.M. Smucker and PepsiCo.