Tag: Tariff

Canada To Retaliate ‘Dollar For Dollar’ After U.S. Slaps 10% Tariff On Aluminum | CBC News

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Ottawa will impose retaliatory tariffs on U.S. goods in response to President Donald Trump’s decision to restore a 10 per cent tariff on Canadian aluminum imports. Prime Minister Justin Trudeau and Deputy Prime Minister Chrystia Freeland announced the measures Thursday evening hours after Trump said he would impose the tariffs during a campaign speech at a Whirlpool factory in Ohio, citing national security concerns. Freeland, in a statement, said Canada “intends to swiftly impose dollar-for-dollar countermeasures” in response. Read full story here: Canada To Retaliate ‘Dollar For Dollar’ After U.S. Slaps 10% Tariff On Aluminum…

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Sobeys Parent Empire Co. Warns Food Prices Will Rise Partly Due To New Tariffs | CBC News

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The parent company of grocery chain Sobeys Inc. was “a little slow on the trigger” to pass on the higher cost of food to consumers due to tariff costs, but it will inevitably happen in the future, Empire Company Ltd. CEO Michael Medline said Thursday. “It’s clear with what’s going on in terms of transportation cost and tariff-related cost that our expectation — although we’re not economists — is that there will be some inflation,” he said during a conference call with analysts after the company released its first-quarter earnings…

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Prices For Canned Goods About To Go Up In Canada As Tariffs Start To Bite | CBC News

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Canadians should brace for higher prices on everything from soda to soup as manufacturers begin to feel the impact of the U.S.-Canada trade war and pass on the cost of aluminum and other tariffs to retailers. PepsiCo Beverages Canada recently advised retailers that it plans to raise its prices by about a penny per can, starting at the end of July. In a letter sent to retailers in late June, the beverage giant cited tariffs the Canadian government recently implemented on a range of products, including the aluminum that makes the cans that holds…

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