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Hershey Warns Cocoa Tariffs Could Add $100 Million to Costs
Hershey is pressing the White House to exempt cocoa from mounting tariffs, warning that an intensifying trade conflict could further inflate chocolate prices for consumers. The Pennsylvania-based maker of Kisses and Almond Joy told investors it expects to absorb $15 million to $20 million in tariff-related costs during the second quarter as it continues using existing cocoa inventories. However, the company anticipates...
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