Tariff Price Hikes May Take Time to Hit Shelves as Retailers Work Through Inventory
Canada’s counter-tariffs on U.S. goods have spurred a fresh flood of retaliatory measures, but retail experts say there will be a short lag before shoppers see price increases on store shelves. Matt Poirier with the Retail Council of Canada says it will take time for stores to work through existing inventory and begin stocking newly […]
TL;DR
- Canada's counter-tariffs on U.S. goods are prompting retaliatory measures.
- Retail experts predict a lag before price increases appear on store shelves.
- Stores must first sell through existing inventory before stocking newly tariffed goods.
- Fast-selling items and those with shorter shelf lives will likely see price hikes first.
- Durable goods with slower inventory turnover will see price changes later.
- Canada's duties range from 15 to 50 percent on nearly $28 billion of U.S. products.
- U.S. President Donald Trump has banned imports of certain Canadian goods starting Sept. 29 in response.