Restaurant Stocks Are Getting Cooked Thursday As Trump Tariffs Rattle Markets
Benzinga (Thu, 03-Apr 3:26 PM)
Several restaurant stocks are taking a beating on Thursday as broader markets tumble in reaction to sweeping reciprocal tariffs from the Trump administration.
What Happened: President Donald Trump announced new tariffs on several countries across the world on Wednesday, sending markets into a tailspin.
Restaurant stocks are getting hit particularly hard as restaurant chains typically source food machinery and packaging from China. Trump announced 34% tariffs on China this week.
According to a Wall Street Journal report, many restaurant chains buy potatoes from ...
