Where New India Tariffs Could Hit? Your Kitchen Cabinet.
Many spices used by home chefs, restaurants and large manufacturers are imported from India, and the 50 percent tariffs on the country imposed by President Trump could drive costs higher, a trade association warned on Wednesday.
Last year, the United States imported more than $410 million in spices from India, according to the U.S. Department of Agriculture.
Several essential spices, including cinnamon, pepper, nutmeg and cloves, require tropical climates and, therefore, cannot be grown in the United States on a large enough scale to meet demand, Laura Shumow, executive director of the American Spice Trade Association, said in a statement.
The spice industry is one of many sectors that are tallying up the potential costs of Mr. Trump's trade wars with various partners, warning that the fallout could hit either profits at American companies or consumers' wallets.
In late June, executives at McCormick warned that Mr. Trump's tariff policy could cost the spice company $90 million a year.
'Tariffs on these products — including additional new tariffs announced this week — do not incentivize U.S. production or create American jobs,' Ms. Shumow said. 'Instead, they place an undue financial burden on U.S. food manufacturers, restaurants and, ultimately, American consumers.'
The spice association noted that in the framework of a trade deal with Indonesia, the Trump administration had created the potential for exemptions or reductions in tariffs for commodities not naturally available or produced in the United States. The trade group said it hoped a similar framework could be put into agreements with other nations.
'We firmly believe that smart, targeted trade policies can support the U.S. spice industry and other American businesses,' Ms. Shumow said, 'while helping to keep grocery costs down for families.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 minutes ago
- Yahoo
Roll-to-Roll Printing Market Size to Reach USD 65.07 Billion by 2032, Driven by Rising Demand for Flexible, Lightweight and Cost-Efficient Electronics Manufacturing
The U.S. Roll-to-Roll Printing Market was valued at USD 4.25 billion in 2024 and is projected to reach USD 19.19 billion by 2032, growing at a CAGR of 20.80% during the forecast period 2025–2032. Austin, Aug. 18, 2025 (GLOBE NEWSWIRE) -- Roll-to-Roll Printing Market Size & Growth Insights: According to the SNS Insider,'The Roll-to-Roll Printing Market size was valued at USD 14.11 billion in 2024 and is expected to reach USD 65.07 billion by 2032, growing at a CAGR of 21.12% over the forecast period of 2025-2032.' Rising Demand for Flexible, Low-Cost Electronics Fuels Roll-to-Roll Printing Market Expansion The Roll-to-Roll Printing Market is being propelled by the growing inclination towards light weight, flexible and low-cost electronic devices in consumer electronics, automotive, healthcare, industrial, and energy sectors. R2R printing enables high-throughput manufacturing with drastically low material waste and production costs, ideal for flexible display and low-cost printed sensors, Solar film, and IoT components. Demand is also rising due to high adoption of RFID in wearable applications, smart packaging and energy efficient applications. Innovations in conductive inks and hybrid printing technologies further improve the performance and reliability of printed composite systems and government support for sustainable manufacturing creates a strong market outlook. Get a Sample Report of Roll-to-Roll Printing Market Forecast @ Leading Market Players with their Product Listed in this Report are: LG Display Samsung DuPont 3M BASF Konica Minolta Xerox Sumitomo Toppan Fujifilm Nitto Denko Kodak E Ink Heraeus Molex Thin Film NovaCentrix Ceradrop SIJ Technology Ynvisible Roll-to-Roll Printing Market Report Scope: Report Attributes Details Market Size in 2024 USD 14.11 Billion Market Size by 2032 USD 65.07 Billion CAGR CAGR of 21.12% From 2025 to 2032 Report Scope & Coverage Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook Key Segmentation • By Printing Technology (Gravure, Flexographic, Inkjet, Screen Printing and Offset)• By Material Type (Plastic Films (PET, PEN, etc.), Paper, Metal Foils and Textiles)• By Application (Flexible Electronics, Printed Sensors, RFID Tags, Solar Panels and OLED Displays)• By End Use Industry (Consumer Electronics, Automotive, Healthcare, Energy and Packaging) Purchase Single User PDF of Roll-to-Roll Printing Market Report (20% Discount) @ Key Industry Segmentation By Printing Technology The Roll-to-Roll Printing Market was led by gravure printing in 2024, holding a share of 27.4% due to features, such as high-quality output, continuous operation, and cost-effectiveness for high-volume processes. With its rapid speed, ability to work with a variety of substrates, and ability to use conductive inks, it is perfectly suited for flexible packaging, printed electronics and decorative films. Inkjet printing, with versatile, low setup cost and a non-contact process is likely to become the most fast-growing printing technology from 2025-2032, as it is increasingly applied in customized electronics, smart labels, and on-demand manufacturing in developing industries. By Material Type In 2024, plastic films (47.2% share for 2024), such as PET and PEN, continued to dominate R2R Printing Market, despite their limitations by virtue of their light weight and flexibility, chemical stability, and compatibility with most conductive inks. Because of the high transparency, mechanical flexibility, and suitability to large-area high-throughput fabrication, they have been used in flexible displays, printed sensors, and wearable electronics. The fastest growth during the forecast period 2025–2032 for Metal foils attributed to high electrical conductance, micro-electro-mechanical durability, thermal stability, and good mechanical strength enabling advanced applications for printed batteries, power circuits, & high-performance electronic components. By Application The Roll-to-Roll Printing Market by Product type, Flexible electronics accounted for 34.5% of the Roll-to-Roll Printing Market in 2024 owing to their applications in consumer electronics, medical wearables, and automotive displays. Roll-to-roll (R2R) printing facilitates economical, large-scale manufacturing of thin, light, bendable elements onto flexible decorative substrates such as PET and PEN critical for the next-generation devices. A major beneficiary of R2R, printed sensors are expected to experience the highest growth from 2024 to 2032, driven by smart packaging, environmental, healthcare, diagnostics, and industrial IoT applications, and expected to benefit from R2R's ability to miniaturize, make disposable, and form integrated and wireless systems. By End Use Industry The consumer electronics segment led the Roll-to-Roll Printing Market in 2024, accounting for 35.5% share, supported by the growing demand for lightweight, flexible, and compact devices such as smartphones, tablets, foldable displays, and wearables. R2R printing as a process facilitates the rapid, low-cost manufacturing of complex three-dimensional structures such as flexible circuits, antennas, and displays, that satisfy performance and miniaturization requirements. The fastest CAGR during the period 2025–2032 will be for healthcare, driven by the emerging clinical use of R2R printed biosensors, coin-sized or smart patches and diagnostic wearables that enable digital health with real-time monitoring, continuous monitoring, point-of-care testing and remote patient care. Global Roll-to-Roll Printing Market: Regional Leadership and Growth Prospects The Roll-to-Roll (R2R) Printing Market was dominated by North America, which accounted for 39.3% share in 2024 due to strong technological infrastructure, increasing strategic investments in flexible electronics and the presence of large number of key players. The U.S. offers an advanced underlying manufacturing ecosystem, strong R&D, and deep financial backing for printed electronics. Asia pacific will register maximum growth (CAGR 21.5% between 2025–2032)—led by swift industrialization, surging electronics production and strong government support especially in China. Europe's growth is fueled by sustainability goals, research collaborations, and innovation in smart packaging and automotive electronics. The Middle East & Africa is emerging, driven by investments in flexible electronics, renewable energy, and eco-friendly R2R processes, with pilot projects in solar films, sensors, and smart packaging. Do you have any specific queries or need any customized research on Roll-to-Roll Printing Market? Submit your inquiry here @ Recent Developments: In Friday 2024, Discount Displays has installed a new Roland DG TrueVis LG-640 1.6m-wide UV printer, replacing its HP DesignJet Z6200 to expand into fabric and versatile substrate printing. The move enables in-house production of laminated/unlaminated pop-ups, lightboxes, and more, reducing outsourcing and passing cost savings to customers. In Aug 2025, Samsung is expanding its One UI 8 beta to more Galaxy devices, bringing advanced multimodal AI features and intuitive experiences to models including the Galaxy S24 series, Z Fold6, and Z Flip6, with broader rollout in September. Exclusive Sections of the Roll-to-Roll Printing Market Report (The USPs) WORKFLOW EFFICIENCY METRICS – Highlights average setup time, changeover frequency, and automation levels to assess operational productivity and bottlenecks in R2R facilities. MATERIAL INNOVATION INDICATORS – Tracks adoption of next-gen substrates like graphene and nanocellulose, alongside material compatibility and multi-layer printing rates, revealing innovation trends shaping product quality. ECONOMIC IMPACT METRICS – Evaluates local job creation, export-to-domestic ratios, and capital vs. operational expenditures, providing insight into the market's contribution to regional economies and investment dynamics. PROCESS QUALITY CONTROL STATISTICS – Measures defect rates, calibration frequency, real-time monitoring, and in-line inspection penetration to ensure product consistency and reduce waste. MARKET PENETRATION BY DEVICE FORM FACTOR – Analyzes R2R technology adoption across wearables, large-format displays, microfluidics, and bio-MEMS sectors to identify growth opportunities in emerging applications. AUTOMATION LEVEL SCORE – Scores the degree of automation across applications, highlighting areas with potential for efficiency improvements and cost reduction. WORKFLOW DOWNTIME CAUSES SPLIT – Breaks down downtime reasons such as maintenance, calibration, and material shortages, guiding targeted operational optimizations. About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. CONTACT: Contact Us: Jagney Dave - Vice President of Client Engagement Phone: +1-315 636 4242 (US) | +44- 20 3290 5010 (UK)Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13 minutes ago
- Yahoo
Chinese Stock Index Rises to Decade High as Investors Dump Bonds
(Bloomberg) -- A gauge of Shanghai-listed stocks closed at its highest level in a decade, as cash-rich local investors plow into a market that has surged amid easing trade tensions with the US. The Shanghai Stock Exchange Composite Index jumped 0.9% to close at 3,728 on Monday, its strongest finish since August 2015, according to Bloomberg-compiled data. That cements a 20% turnaround since an April selloff, when US President Donald Trump's sweeping tariffs roiled global markets. Trump extended a tariff truce with China last week. The US-Canadian Road Safety Gap Is Getting Wider A Photographer's Pipe Dream: Capturing New York's Vast Water System Festivals and Parades Are Canceled Amid US Immigration Anxiety A London Apartment Tower With Echoes of Victorian Rail and Ancient Rome Princeton Plans New Budget Cuts as Pressure From Trump Builds The rally reflects a rising sense of optimism among small investors, flush with near record-high savings and increasingly rotating out of bonds. Those investors were scarred a decade ago, when a precipitous stock market crash led Beijing to unleash state-backed funds to prop up share prices and left a bitter memory for many investors. There have been false dawns since then, but over the past decade Chinese stocks onshore have badly underperformed benchmarks of shares in the US, Asia and even Europe, long considered a global laggard for equity investors. Fund managers in China are now hoping that the current rally has enough behind it — ranging from hopes about artificial intelligence to government moves to bolster growth — to stand the test of time. 'We're confident that this rally has legs,' said Wang Huan, a fund manager at Shanghai Zige Investment Management Co. Ltd, pointing to sources of optimism including abundant liquidity, government moves to stem price wars and hopes that China's economy is bottoming out. China's stock market has been helped by investors shifting their investments from fixed income, as they scale back expectations of monetary easing and respond to Beijing's decision to restart taxes on interest payments made on government bonds or those of financial institutions. China's 10-year bond yield was up four basis points at 1.78% on Monday, while 30-year yields were around six basis points higher at 2.11%. The country's 30-year bond futures suffered their biggest drop since March. The latest monetary policy report from China's central bank showed policymakers are in no rush to aggressively ease. The Shanghai Composite remains a long way from the heady days of 2015, when a leverage-induced buying spree pushed the index as high as 5,166 before the bubble burst. The all-time high was set in October 2007. Trade Tensions Ease The buzz in China's share market is a stark change from just a few months ago, when fears that the world's two largest economies were entering a prolonged — and painful — trade war rattled markets around the world. The rally is part of a global rise in share prices: Stocks in the US and Indonesia set new highs last week, helping push an MSCI index of global equities to a record. The recovery in China's stock market has led to a frenzy of trading activity. Turnover on mainland exchanges was more than 2.7 trillion yuan ($376 billion) on Monday, the second highest turnover ever following an Oct. 8 peak, according to Bloomberg-compiled data. That followed mainland Chinese traders buying a record HK$35.9 billion ($4.6 billion) worth of stocks in Hong Kong on Friday, as the risk-on mood in mainland equities spilled over across the border. There has also been a surge in loans for stock purchases, a sign that investors are taking on leverage to join the rally. The amount of margin debt taken out to buy stocks climbed to the highest level since 2015 last week, and is now about 10% away from hitting an all-time high. Other policy tweaks have helped direct investors to local stocks. China strengthened its oversight of taxes on overseas stock trading gains, and said it will subsidize interest payments on eligible personal consumer loans. The Shanghai index's 11% gain this year has beaten the CSI 300 Index, another closely watched onshore gauge which is up around 8%. A bigger weighting of high-performing bank stocks in the Shanghai Composite has helped drive the outperformance, in large part due to buying by insurance funds. --With assistance from Julia Zhong. (Updates stock and bond prices. Adds details of latest central bank policy report.) What Declining Cardboard Box Sales Tell Us About the US Economy Americans Are Getting Priced Out of Homeownership at Record Rates Living With 12 Strangers to Ease a Housing Crunch Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan How Syrian Immigrants Are Boosting Germany's Economy ©2025 Bloomberg L.P.
Yahoo
13 minutes ago
- Yahoo
What time is Trump meeting Zelensky at the White House?
The US president and Ukrainian leader are set for crunch talks on Monday to discuss how to end Russia's war. Volodymyr Zelensky returns to the White House on Monday for crunch talks with Donald Trump about ending the war between Ukraine and Russia. Six months after his last bruising encounter at the Oval Office, in which the US president and vice-president JD Vance accused Ukraine's leader of not being thankful for their help in an unforgettable encounter, Zelensky is back in Washington DC - but this time bolstered by the back-up of a host of European leaders. Monday's crucial discussions follow Trump's summit with Russian president Vladimir Putin in Alaska on Friday, which failed to produce a significant breakthrough. What time are the talks? The timings for Monday's series of talks in Washington have been released by the White House. Trump will greet Zelensky the White House at 1pm local time (6pm BST) and the pair will then have a bilateral meeting beginning at 1.15pm (6.15pm). Following this, Trump will take part in a meeting with European leaders who have travelled to Washington to back Zelensky - this meeting is scheduled for 3pm local time (8pm BST). Recap: Watch the fiery clash between Trump and Zelensky in February 2025 Which European leaders will be there? Zelensky will be accompanied in Washington by a host of European leaders, who make up the "coalition of the willing", determined to avoid a repeat of the embarrassing standoff between the Ukrainian leader and Trump in February. Among them is British prime minister Sir Keir Starmer, who hosted Zelensky at Downing Street before Trump met Putin in Alaska. Other key European figures will also be at the meeting with the aim of protecting Ukraine from submitting to Russian land grabs as a price for peace. They include France's Emmanuel Macron, Germany's Friedrich Merz, Italy's Giorgia Meloni and Alexander Stubb, president of Finland. European Commission president Ursula von der Leyen and Nato chief Mark Rutte are also attending.
