10:42 AM EST, 02/25/2025 (MT Newswires) -- The National Restaurant Association said tariffs on food and drinks may cost the industry more than $12 billion and lead to higher prices for customers, Bloomberg reported Tuesday, citing a letter to President Donald Trump.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)