McCormick spice company has a $140 million tariff problem

[In It to Win It]

https://www.thebanner.com/economy/mccormick-spice-trump-tariffs-AWP7P5ATLBBMBBSEKXMUQ4HENY/

Archived: https://archive.ph/R2hEQ

For a spice giant like McCormick & Company, which relies on many products that can only be grown abroad, tariffs have been top of mind all year. Executives meet weekly to discuss the topic.

The Hunt Valley-based company said this summer that it expected tariffs to cost them roughly $90 million annually, but after President Donald Trump’s administration enforced more tariffs in August, that number has jumped.

McCormick now projects about $140 million in “tariff exposure,” chief financial officer Marcos Gabriel said during an earnings call Tuesday morning.

“We meet on this weekly,” said Brendan Foley, president, CEO and chairman of the company. “We see changes every week as we continue to go through this and identify new opportunities and breakthroughs in terms of how we can think about next year.”

McCormick spice company has a 0 million tariff problem www.thebanner.com/economy/mcco...

— Catherine Rampell (@crampell.bsky.social) 2025-10-09T00:04:50.580Z

[W_HAMILTON]

1. "...new opportunities and breakthroughs in terms of how we can think about" (Trump's tariffs)...

Funny how they don't describe fair and justifiable tax hikes that way...

[Silent Type]

2. I'm sure there is more to it like inflation, exchange rates, but $140 M is less than 3% of revenue. So,

So, it’s not an insurmountable problem, yet. But trump is just getting started. Wait until we can’t afford salt.

[IbogaProject]

6. Their profit margin might only be a single digit percent

In that case 3% might really hurt.

[Silent Type]

7. They can raise prices 3% in an economy where other items are going up 50+%. Of course, we pay.

[ShazamIam]

3. The billionaire class don't care about the violence being done to people but they might fight for Trump's

Removal if they begin to lose profit. So far they just pass the costs on to us.

[BigmanPigman]

4. Without even reading the post, the OP made me burst out laughing!

I think it is because I knew what was coming.

These days I have 2 reactions to OPs and News headlines...


I either burst out laughing at the ludicrous BS that we are expected to buy, hook, line and sinker from any corporation crying Boo hoo hoo
OR
I immediately go into a 30 minute rant at the absolute crazy situation our dying democracy is in the midst of.

This is the shittiest admin our country has ever seen and it's like watching a FAST moving train wreck. I want OUT!!! I did not vote for this shit!!!!!!

[MuirHero]

5. The Hershey Company will take a $180 MM hit due to Trump's tariffs.

The Hershey Company will take a $180 MM hit to their bottom line as a result of Trump's tariffs on cocoa. Cacao cannot be grown in the United States and should not even be a candidate for tariffs. Hershey has already announced price increases and so the cost of these tariffs will be passed on to the consumer. Trump's tariffs are increasing inflation across the board.