Del Monte Foods Goes Into Bankruptcy: A Trump Tariff Casualty | naked capitalism
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Struggling Del Monte Foods keeled over due to its exposure to steel and aluminum cost increases from 'Trump's tariffs.
  • Sausagecat@lemmy.world
    9·
    4 days ago

    I believe the article was getting at Del Monte was already in trouble and had to restructure but the tariffs were a nail in the coffin so to speak. They went from having some hope to none.

    • seejur@lemmy.worldEnglish
      2·
      4 days ago

      Yes, but then the implications is that tariff is not the root cause, it just helped the real problems crush the business faster