Tyson lifts 2025 sales forecast, prepares for tariff impacts
- US meatpacker Tyson Foods raised its annual sales forecast on Monday as strong demand for beef and chicken helped it exceed first-quarter results estimates, lifting shares 2.3%.
However, it faces threats from tariffs that U.S. President Donald Trump has imposed on Mexico, Canada and China, as well as tight supplies of U.S. cattle. Tyson has done contingency planning for sales of U.S. pork and chicken to Mexico due to concerns over Trump's tariffs, and it is looking for the best markets for its products, King said.Trump's 25% tariffs on Canada and Mexico and 10% tariffs on China could help keep grain costs low by triggering retaliation that reduces global demand for U.S. crops, analysts said.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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