The phrase "contains 2% or less of" means that every ingredient grouped after it makes up no more than 2% of the finished food by weight. It does not mean the whole group adds up to 2%, and it does not reveal the exact amount of any one ingredient.
The phrase also changes how order works. Most ingredients on a U.S. label appear from greatest to least weight. Ingredients present at 2% or less may instead be placed at the end in any order when the manufacturer introduces them with an approved phrase such as "contains 2 percent or less of."
That makes the phrase a useful boundary, not a complete recipe. It tells you where the low-percentage group begins. It cannot tell you whether one of those ingredients is nutritionally trivial, safe for an allergy, or present only as a trace.





