According to one analysis, a full Thanksgiving meal is nearly 10% more expensive in 2025 compared to last year, with the cost of some staples rising by more than 20%.

The grant will be divided up among 18 New Mexico-based agribusinesses, including food pantries, farms and distribution services.

The company also plans to downsize operations at a separate plant in Amarillo, Texas, by taking the facility down to a single shift a day.

The quarterly retail figures — the weakest pace in more than a year — underscore consumer caution around spending in the face of economic and tariff uncertainty.

Japan reached a trade agreement with the U.S. in July, reducing the blanket tariff on Japanese imports to 15%, from an initial 25%.

The government had had been engaged in intense diplomacy since August, when Switzerland was hit by the highest levy the Trump administration imposed on any developed country.

The White House has said some imports “might receive a reciprocal tariff rate of zero percent.”

The latest requests for tariffs on products with steel elements came ahead of an October 21 deadline set by the DOC, the second consultation in three months.

President Donald Trump’s return to the White House in January kicked off a rollercoaster year for manufacturers, retailers and other U.S. industries dependent on goods from abroad.

Trump’s plan would pause tariffs on imports of ship-to-shore cranes and chassis from China, and fees levied on Chinese-built and -operated merchant ships calling at American ports.