1034 GMT - The direct impacts of U.S. President Trump's new tariffs on food delivery companies are very limited, Bryan Garnier analyst Clement Genelot says. The food supply chains of U.S. supermarkets and restaurants primarily rely on the U.S.-Canada-Mexico trade framework. However, the indirect consequences--particularly the resurgence of inflation and the growing risks of recession--pose a more significant challenge, Genelot adds. These economic pressures could damp U.S. consumers' disposable incomes, ultimately reducing their willingness to spend on discretionary services such as food delivery. Uber Technologies, Delivery Hero and Deliveroo are trading lower at 1.3%,1.7% and 0.8%, respectively. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 06:35 ET (10:35 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.