Tyson Foods
Estimated Cost: Over $360 million in 2018
Meat and poultry producer Tyson Foods is another company taking a major hit from the trade wars. The market for chicken and pork in China is a big driver of Tyson’s business, so the retaliatory tariffs slapped on American products by China have taken a toll on the company.
It announced in July 2018 that it was dropping earnings projections by 12%, which translates to more than $360 million in lost profits. That figure is based on the $3.02 billion in profit Tyson reported for its fiscal year that ended on Sept. 28, 2018.
