Canadian sugar and confectionary companies would be hit particularly hard if U.S. tariffs come into play because most of the industry’s sales go south of the border, experts say.
“Sugar and confectionary does stand out as one of those sectors, especially in the short term, that is very reliant on the U.S., and therefore could see big impacts from U.S. tariffs,” said Farm Credit Canada senior economist Amanda Norris.
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If Canada retaliates (on tariffs), that would also have a big impact on imported products like packaging.
That’s the worry for Canadian companies that don’t rely on the U.S. for sales, like Vancouver-based Purdy’s Chocolatier, which celebrates its 118th birthday later this year.
The company imports some important raw materials, in particular nuts, from the U.S., said president Lawrence Eade.
For example, the namesake pecans in the company’s staple Sweet Georgia Browns actually come from Georgia, he said.
“We’re not going to get around that. We’re not going to replace those,” he said.
Wahle said during the COVID-19 pandemic, she started sourcing more packaging from the U.S. to avoid supply chain disruptions. Now, she’s backtracking to avoid tariffs.
“I’ve already been in contact with European vendors to try to bring in stuff from Europe that is comparable in quality,” she said.
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