US President Donald Trump’s decision to impose or threaten massive tariffs against China, Mexico, Canada, and the European Union could have significant effects on major Cincinnati companies like Kroger, Procter & Gamble (P&G), and GE Aerospace. The $2 trillion worth of imports at stake is just a fraction of the total US imports, but it’s where American consumers are likely to feel the impact first.
Kroger, the largest supermarket chain in the US, may see higher prices for its imported food products from Mexico, Canada, China, and Europe. These perishable goods account for nearly $20 billion of the US’s annual $93 billion worth of imports from these countries. Fresh fruit and vegetables from Mexico, Mexican beer, liquor, cereal, baked goods, pasta, seafood, beef, wine, and dairy products are among the products that could be affected.
GE Aerospace, a new standalone Fortune 500 company, is particularly vulnerable to disruption due to its international business being 55% of its total sales last year. The company’s annual report highlights concerns about Trump’s trade war threats during his presidential campaign and expresses fears about escalations in tariffs or trade tensions affecting global economic growth.
However, Procter & Gamble may be shielded from the effects of tariffs due to its manufacturing strategy. The company produces most of its products in the countries where it does business, rather than importing finished goods into foreign markets. P&G has factories in China, Mexico, Canada, and Europe, which could mitigate the impact of tariffs on its operations.
Source: https://eu.cincinnati.com/story/money/2025/02/05/kroger-pg-and-ge-aerospace-face-potential-trump-tariff-impact/78215970007