Canada’s sugar, candy industry could be hit hard by tariffs, experts say – National

Consultants say the Canadian sugar and confectionery trade could be hit exhausting if the nation enters right into a commerce battle with the U.S.

Farm Credit score Canada says the trade is considered one of Canada’s most susceptible agri-food sectors as a result of greater than 80 per cent of its gross sales are exports to the U.S.

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Canada and the U.S. are at the moment in a month-long truce after President Donald Trump threatened sweeping tariffs on Canadian imports.

Canada has mentioned it’ll retaliate with tariffs of its personal.

Agriculture and meals financial guide Sebastien Pouliot says if the U.S. does introduce widespread tariffs on Canadian items, there could be a major decline in sweet exports.

If it appears like tariffs can be in place for the long run, Pouliot says some corporations will possible have a look at constructing manufacturing capability within the U.S.