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Home / Business / B.C. Restaurants are feeling the pressure, as Pepsi raises prices due to trade tariffs

B.C. Restaurants are feeling the pressure, as Pepsi raises prices due to trade tariffs



With the worsening trade war between Canada and the United States, a B.C. According to the economy, restaurants are already putting pressure on the market.

Canada has announced retaliatory tariffs of $ 16.6 billion on dozens of products in response to President Donald Trump's tariffs on Canadian steel and aluminum.


READ MORE:
Here's the final list of Canadian retaliatory tariffs that will take effect against Trump on July 1.

President and co-owner of C-Lovers Fish & Chips Brad MacLeod says his company received a letter from PepsiCo Canada on Friday in which he warned that prices would rise from June 30th.

Tariffs come into effect on 1

July.

WATCH: Canadian Counter-Tariff Impact Costs at Winnipeg Bakery






"PepsiCo Beverages Canada has thoroughly reviewed the implications of these proposed measures, and has come to the conclusion that we must go through any cost increase in order to continue To offer products of the highest quality, unsurpassed service, first-class marketing and consistent consumer value, "says the letter.

The letter says restaurants will be coming up with details on the price increases over the next few days.

The company recognizes that "cost increases can be a challenge" and that PepsiCo will reassess prices as conditions change later across the North American landscape.

READ MORE: Boycott US Products Here's how to buy Canadians during a trade war

MacLeod said it was a loser-lot situation for people north of the border.

"I do not think people realize how great this trade war was with the US, it will cost your average Canadian," said MacLeod.

WATCH: The solution of tariffs on American goods is in the hands USA






Whether these price increases will be passed on to fish and chip-loving fans still need to be seen.

MacLeod said his company is still debating whether to switch to alternative suppliers.

"We will Decisions about products have to make if we can source them locally. "Canadian products – or raise prices," he said.

READ MORE: Canada prepares & # 39; detailed & # 39; Reply to Potential Trump Car Fares: Freeland

"They are no two ways about it."

The Canadian tolls add 25 percent to steel products and 10 percent to other products. The full list can be found here

The fares cover dozens of US products ranging from staple foods to yoghurt and sailboats.

WATCH: Trump defends the tariffs, says: "We will not start a trade war, but we will end it."






On Friday, Secretary of State Chrystia Freeland said the government had no plans to withdraw.

"Countless Canadians from many different political views agree with this approach," said Freeland.

"We will maintain the firm determination to do so."

PepsiCo did not say which of its products were affected by the tariffs, but there are several items on the list in the company's product portfolio.

These include aluminum cans, orange juice and "water, including mineral and carbonated water, with the addition of sugar or other sweeteners or flavorings."

The Pepsi subsidiaries include Tropicana and Gatorade.

files by Amanda Connolly [19659029] © 2018 Global News, a division of Corus Entertainment Inc.


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