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International Business Times
International Business Times
Business

In US Capital, Trump Tariffs Bite Into Restaurant Profits

John Filkins, corporate beverage director at Clyde's Restaurant Group, said businesses are having to pass on some cost hikes to customers (Credit: AFP)

Brazilian coffee beans, French champagne and Chinese teas -- drinks are a profit driver for US restaurants, but higher import costs have eaten into margins and fed into consumer prices in the three months since President Donald Trump unveiled sweeping global tariffs.

A stone's throw from the White House, a restaurant group that takes pride in dishing up fresh local meat and produce has found itself having to raise prices on its menus.

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