Canada's Loblaw says more products to see price hikes due to Trump tariffs

Reuters

Wed, May 14, 2025, 2:06 PM 1 min read

(Reuters) -Canadian retailer Loblaw warned connected Wednesday that prices increases volition impact much products arsenic U.S. President Donald Trump's tariffs enactment unit connected supply-chain costs for companies.

As companies successful categories specified arsenic packaged nutrient and user goods rise prices, Loblaw said successful March products affected by tariffs would beryllium marked with a "T" symbol.

The fig of items bearing the "T" awesome is expected to leap to much than 3,000 successful the adjacent fewer weeks and to transcend 6,000 successful the adjacent 2 months, Loblaw CEO Per Bank said successful a LinkedIn station connected Wednesday.

The company's stores collectively transportation astir 80,000 items, of which astir 1,000 are marked with the "T" symbol.

"We volition beryllium facing a ample question of tariff-related increases successful the weeks ahead... It's been bully to spot Prime Minister (Mark) Carney and different leaders engaging successful dialog with U.S. officials, arsenic we're each hoping for a accelerated de-escalation of this situation," Bank said.

Loblaw's customers are apt to spot greater interaction successful categories including earthy foods, pantry staples and wellness & quality products, Bank said, adding that consumers are shifting their purchases distant from immoderate U.S.-sourced products.

Canada imposed a scope of counter-tariffs connected U.S. imports successful effect to Trump's 25% tariffs during a commercialized altercation that has led to accrued unemployment successful Canada's export-dependent system and sparked fears of a recession.

While Trump announced pauses connected reciprocal tariffs for respective countries, signed a constricted bilateral commercialized woody with the U.K. and temporarily chopped tariffs connected China, determination has been small respite from the levies imposed connected Canada.

(Reporting by Juveria Tabassum successful Bengaluru; Editing by Mohammed Safi Shamsi)