Tariffs got claws: Cost of cat food set to skyrocket under Trump’s import plan
Owning a cat in the US will get more expensive because of tariffs
- Thailand's pet food producers are bracing for the end of a 90-day pause on US tariffs, set to expire on July 9.
- The pause temporarily reduced a steep 36 percent tariff on Thai pet food exports to the US, which is the largest foreign supplier.
- If no deal is reached, the 36 percent tariff could be reinstated, potentially leading to higher pet food prices for American consumers and forcing Thai producers to suspend shipments.
- Thai officials are hopeful of negotiating a lower tariff, possibly 10 percent, before the deadline, with trade talks reportedly making good progress.
- While some Thai companies face challenges, others have benefited from higher tariffs imposed on Chinese imports, allowing them to compete better in the US market.