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The CEO behind IHOP and Applebee’s perfectly illustrates how US restaurants could be one of the biggest winners of Trump’s trade war

“In response to Trump’s tariffs, countries like China, Canada, and Mexico responded with tariffs of their own on US agricultural goods” writes Kate Taylor for businessinsider.com. While President Donald Trump’s tariffs may be bad news for retailers like Walmart and Costco, the CEO of IHOP and Applebee’s says those chains are set to profit.The cuts on the agricultural products means that ingredients for the food used at IHOP and Applebee’s gets cheaper.Combined, IHOP and Applebee’s purchase billions of dollars of food each year, Joyce said.
 
Source: businessinsider.com



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