Packaged food giant PepsiCo has cut its annual profit forecast as tariffs are set to drive up production costs and demand remains uncertain. Nestle says it has beaten its first quarter sales growth expectations and tariff effects are unclear.
Tag Archives tariffs
Packaged food giant PepsiCo cuts profit forecast as tariffs set to drive up costs
Nestle beats quarterly sales estimates, says indirect tariff impact ‘unclear’
Government support for electric vehicle sector threatens agriculture says federation
The Canadian Federation of Independent Business is asking the federal government to re-assess its subsidies for electric vehicles and battery manufacturing in Canada.
CBOT Weekly: Planting pace outweighs Trump comments
Rapid planting paces for major U.S. crops outweighed President Donald Trump's comments on trade with China at the Chicago Board of Trade during the week ended April 23.
US signals willingness to de-escalate trade war with China
Soybean futures jump on hopes of lower trade barriers
U.S. Treasury Secretary Scott Bessent said on Wednesday that high tariffs between the United States and China are not sustainable, as President Donald Trump's administration signaled openness to de-escalating a trade war between the world's two largest economies that has raised fears of recession.
US beef off the menu as the trade war hits Beijing’s American-style restaurants
US beef exports to China worth $125 million a month at risk
Beijing | Reuters – At Home Plate BBQ, an American-style restaurant in Beijing, staff are reprinting menus. The U.S.-China trade war means American beef – once the star ingredient – will soon be off the table. Home Plate’s beef, previously sourced entirely from the U.S., is increasingly Australian. The restaurant uses about 7 to 8 […] Read more
Who is likely to win a trade war between the U.S, China?
Some analysts think it’s a war China cannot afford to fight, while others believe the country is in better postion than last time
China's slumping economy might not be able to withstand a prolonged trade war with the United States, according to an analyst.
China says it will ignore US ‘tariff numbers game’
China will pay no attention if the United States continues to play the “tariff numbers game”, China’s foreign ministry said on Thursday, after the White House outline how China faces tariffs of up to 245 per cent due to its retaliatory actions.
Bank of Canada holds rates, says tariffs could cause deep recession
The Bank of Canada on Wednesday held its key policy rate at 2.75 per cent, its first pause after seven consecutive cuts, and said that the uncertainty around U.S. tariffs made it impossible to issue regular economic forecasts.
Next government must help Canadian pork sector through Chinese tariffs says meat council
Council says government should avoid scenarios that make sectors like agriculture collateral damage
Federal parties must recognize the losses Canada’s pork sector will face from Chinese tariffs, says Chris White, president and CEO of the Canadian Meat Council (CMC).
Canadian Meat Council calls for federal support for pork processors, producers
Some packers are projecting losses of over $100 million this year in face of Chinese tariffs, council says
The Canadian Meat Council says pork processors and farmers need targeted support from the federal government to maintain the viability of packers and to not lose jobs.