President Donald Trump announced the plan of “reciprocal” tariffs to countries that tax or limit markets for American goods on Thursday at the White House. (X/Margo Martin)
The Swiss chocolate manufacturer Lindt & Sprungli can soon cut the United States as a supplier of chocolate to Canada in the middle of the customs war between North American countries.
Canada, which sources of 50% of its chocolate Lindt from the US and the rest of Europe can soon take products from Europe as a measure for a company to be treated Business conflict.
Canadian Prime Minister Justin Trudeau He announced 25% of tariffs on US goods in Trump's reprisals, which allowed 25% of tariffs to import from Canada and Mexico, which will enter Tuesday.
“We follow the situation very carefully and identified different ways to alleviate the effect of tariffs,” said Lindt & Sprungli spokesman Fox News Digital. “These include the possibility of supplying countries such as Canada and Mexico from our European production facilities.”
Trudeau says Canada will release 25% of tariffs on US $ 155 billion
Employees pack products at the Lindt & Spungi factory in Kilchberg, Switzerland. Equipment in Europe can start supplying multiple products to Canada and Mexico in the middle of a US trade war stored (Anna Webber/Philipp Schmidli/Bloomberg/Getty Images)
CEO Adalbert Lechner also told Reuters that Canada, one of its 10 best markets, is able to get 100% of Europe.
“The directions we are currently gaining for Canada All can be moved to Europe, ”said Lechner.
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Employee Lindt monitors the packaging unit in Kilchberg near Zurich, Switzerland, one of the 12 company factories around the world. (Gianluca Colla / Bloomberg / Getty Images)
The shift in the Canadian supplier chain can begin by mid -2025, and trades in Canada have already supplied Lindt products from the US to provide delay for change, Reuters reported.
Although it is more expensive to transport chocolate from Europe The tariffs would impose higher costs of chocolate manufacturers, said the CFO Martin Hug The Outlet.
| Ticker | Security | Last | Conversion | Change % |
|---|---|---|---|---|
| Chicks | Chocoladefabriken Lindt & Spurengli AG | 13.5 | +0.45 |
+3.45% |
According to Reuters, which, with the emotion of Reuters, with the quotation of hugs, products produced in Europe can also obtain less negative sentiment of consumers.
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Chocolate shop Lindt & Spungli in Toronto, Ontario, Canada. (Creative Touch Imaging Ltd./nurphoto / Getty Images)
While Lindt is taking steps to avoid Tatruff was In America, chocolate prices are expected to increase in 2025 due to record cost of cocoa, Hug said in a separate report by Reuters.
Although cocoa prices have tripled over the last two years and Lindt reportedly risen to 6.3%prices in 2024, annual sales last year increased by 7.8%, suggesting that shoppers would not easily deter their chocolate.
Fox News' Daniell Genovese and Reuters contributed to this report.
