Lindt, a well-known chocolate manufacturer, is booking spots in Canada.
Title: Lindt & Spruengli Adjusts Strategy Amid US-Canada Trade Tensions
In the whirlwind of trade tensions between the US and Canada, Lindt & Spruengli is taking a proactive approach by beefing up its inventory in the Great White North.
The current situations in trade relations have been a rollercoaster ride. Back in the spring, President Trump imposed tariffs on Canada and Mexico, creating quite the stir. But things didn't end there, as Trump followed up with more hefty tariffs on an array of goods from several countries, only to delay them later on. In retaliation, Canada slapped on reciprocal tariffs on US products.
To safeguard its Canadian customers from any potential price hikes, Lindt announced in March that it would transfer some production from the US to Europe. But, the company isn't ready to call it quits just yet.
It seems that Lindt won't make any permanent changes to its supply strategy until the winds of trade blow clearer. A Lindt spokesperson said that the company is keeping its options open – the possibility of shifting its chocolate supply entirely to European factories to dodge the Canadian tariffs being one such option.
Sources:
- The Globe and Mail
- MarketWatch
- CBC
- Bloomberg
- Amid the uncertainty surrounding US-Canada trade tensions, Lindt & Spruengli is contemplating a complete shift of its chocolate supply from US factories to European ones to avoid Canadian tariffs.
- In response to the delaying of tariffs imposed by President Trump, Lindt has been beefing up its inventory in Canada to safeguard its customers from potential price hikes.
- The French chocolate manufacturer, Lindt & Spruengli, announced in March that it would transfer some production from the US to Europe, but the company is keeping its options open for further adjustments.
- The current trade relations between the US and Canada have been a source of confusion and contention in the finance and business industry, with tariffs on several goods causing delays and unpredictability.
