Kraft-Heinz investing $3 billion in US factories due to Trump tariffs
Kraft-Heinz has announced a significant investment of $3 billion to upgrade its factories in the United States. This move is expected to create 3,500 new construction jobs and marks the company’s largest factory upgrade in over a decade. The decision to invest comes in response to tariffs introduced by President Donald Trump, specifically the “Liberation Day” tariffs. Kraft-Heinz’s North American President, Pedro Navio, indicated that the tariffs influenced the decision to enhance manufacturing capabilities, which would also allow for faster production of new products. Other companies,such as Anheuser-Busch,Carrier,and General Motors,have also recently announced plans to increase U.S. manufacturing, showcasing a trend among American companies to boost domestic production in light of current economic conditions.
Kraft-Heinz investing $3 billion to upgrade US factories due to Trump’s tariffs
Kraft-Heinz is the latest American company to announce plans to boost manufacturing.
The company, best known for brands such as Heinz, Oscar Mayer, and JELL-O, said it would invest $3 billion into its factories, generating 3,500 new construction jobs. The result will be the largest upgrade in over a decade.
The decision follows President Donald Trump‘s announcement of “Liberation Day” tariffs. Kraft-Heinz North American President Pedro Navio revealed that these tariffs played a role in his decision to upgrade the factories, which he argued would also allow new products to be created faster.
“It goes beyond just efficiencies or dealing with the current tariff challenges,” Navio told Reuters.
The challenges include coffee imports, where the Maxwell House brand is being affected by the 10% surcharge.
TRUMP’S AUTHORITY TO DECLARE TARIFFS ‘EMERGENCY’ CHALLENGED IN FIRST COURT HEARING
The Washington Examiner has contacted Kraft-Heinz for comment.
Earlier this week, Anheuser-Busch announced a $300 million investment in its U.S. manufacturing plants. Secretary of Labor Lori Chavez-DeRemer has praised the brewing company’s investments, calling it “a shining example of what ‘Made in America’ means.” Carrier and General Motors have also recently announced plans to produce more in the United States.
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
Now loading...