Zincwarrior
Diamond Member
This is a replication of what occurred the first term when Trump imposed tariffs. Canadian imports were permanently reduced afterwards.
Canadians are buying fewer products made in the U.S. in an effort to brace for the impact of President Trump’s sweeping tariffs, which are set to cause prices to skyrocket across a range of products.
“American products we are selling as a percentage of our total sales are rapidly dropping,” said Michael Medline, president and CEO of Empire Company Ltd., which is a parent corporation for Canadian food retailers.
“We have heard loud and clear from our customers that they want Canadian products,” he told stakeholders on the company’s third quarter earnings call.
Medline said the company’s 12 percent average in U.S. products is decreasing as a result of consumer buying habits.
“Over the years, we as a company have developed a much larger and diversified source of supply to proactively manage threats, such as natural disasters or product shortages in geographic regions,” he said.
“Now we have developed good alternatives in nearly every category.”