Commodities
Tariffs on Cocoa Growers Give Edge to Europe’s Chocolatiers
An employee prepares cocoa beans for roasting at a chocolate factory in Paris.
Photographer: Cyril Marcilhacy/BloombergThis article is for subscribers only.
President Donald Trump’s tariffs on major cocoa-producing countries are giving European chocolate companies a competitive advantage over those in the US.
London cocoa futures for May delivery traded more than $500 a ton lower than the New York contract on Thursday. Tariffs could deal a blow to US chocolate makers, making the cost of supplies relatively more expensive than in other regions. Chocolatiers have already struggled as a supply shortage sent cocoa futures to record highs last December.