Trade war affecting the price of chocolate
August 3, 2018 By Bakers Journal
Manufacturers are passing on the cost of aluminum and some luxury goods such as chocolate, to retailers as the result of the U.S.-Canada trade war.
PepsiCo Beverages Canada advised its retailers at the end of July that it plans to raise prices by roughly a penny per can, in response to the increase in the price for aluminum: Canadians should also be prepared to pay more for products such as chocolate, maple syrup and sugar .
Other convenience goods such as prepared meals, soups, yogourt, and coffee will be affected by the tariffs.
As of July 1, 2018 the following goods were hit with 10 per cent tariffs entering Canada:
· Roasted, caffeinated Coffee
· Prepared meals (poultry and beef)
· Maple sugar and maple syrup
· Licorice, candy and toffee
· Chocolate, sweetened and unsweetened, (baking and ready-to-eat)
· Mixed condiments and seasonings
· Soups and broths
· Sweetened water, including mineral water
· Paper products
For the complete list of items that will incur a price hike due to tarrifs, visit the Department of Finance Canada’s website.
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