Trump paused tariffs on Mexico and Canada for 1 month
One of the biggest meat producers in the U.S. is making contingency plans for its pork and chicken products as sweeping tariffs loom over its trading partners.
Tyson CEO Donnie King told analysts on an earnings call Monday that the company, which supplies Canada and Mexico with shipments of pork and certain chicken parts, has been "making adjustments" to its operation ahead of the planned tariffs, which took effect over the weekend but are currently paused.
"In terms of Mexico, the product that we have going in there, the concern, and what we've been contingency planning on is pork. We also have chicken – really, a couple of parts of chicken," King said. The company has a smaller amount of meat going into the Canadian market.