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U.S. tariffs sour outlook for Canadian sugar and candy companies

  • Canadian sugar and confectionary companies are at risk from new U.S. tariffs because over 80% of their sales go to the U.S. Market.
  • In 2024, Canada exported $5.3 billion in sugar and confectionary products to the United States, indicating the sector's dependence on American sales.
  • The tariffs would have a 'significant adverse impact' on Canadian company Rogers Sugar and its subsidiary Lantic.
  • If tariffs persist, multinational companies may consider building new plants in the United States.
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susanonthesoapbox.com broke the news in on Sunday, February 16, 2025.
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