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

    25 days ago - By Business Insider

    Dine Brands CEO Steve Joyce, whose company owns popular brands like IHOP and Applebee's, laid out how President Donald Trump's trade war is helping restaurants.
    China, Canada, Mexico, and other countries have placed tariffs on US agricultural goods.
    This means farmers have a tougher time selling to those countries and are left with more supply.
    As supply builds, prices plunge for crops and livestock.
    This makes certain ingredients cheaper, like those used at IHOP and Applebee's.
    "We are a significant player in the food industry," Joyce said. "What it looks like is, our overall product mix...
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  • Trade War Will Produce ‘No Winners,' China's Xi Tells APEC

    Trade War Will Produce ‘No Winners,' China's Xi Tells APEC

    25 days ago - By Fortune

    China's President Xi Jinping said a trade war will produce "no winners" and called for nations to uphold a rules-based order led by the World Trade Organization.
    Implementing tariffs and cutting economic ties "is a short-sighted approach and it is doomed to failure," Xi said at the Asia-Pacific Economic Cooperation CEO summit on Saturday in Papua New Guinea. Protectionism and unilateralism were overshadowing global growth, and a policy of erecting economic barriers was doomed to fail, Xi said.
    The growing U.S.-China trade dispute is looming large at the APEC summit this weekend in Papua...
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