Trump’s tariffs give chocolate makers in Canada, Mexico an edge over U.S. firms

[Allan]

This is another example of what happens when an immature moron mucks around with a country's economy. The only comparable self-own I can think of is Venezuela.

One US company is paying $24k to $30k in tariff costs for a container of cocoa.

LONDON/NEW YORK — U.S. President Donald Trump’s trade tariffs are meant to boost domestic manufacturing.

But in the chocolate industry, they’re doing the opposite: ramping up the cost of importing already-pricey cocoa and hurting the competitiveness of local factories versus Canadian and Mexican outfits that supply the U.S., according to conversations with 11 industry executives, representatives, experts and traders.

Top U.S. chocolate maker Hershey, which mainly makes chocolate in the U.S. but has plants in Canada and Mexico, has estimated it would face US$100 million in tariff costs in its third and fourth quarters if the levies remain in place.

Customs data compiled for Reuters by Trade Data Monitor (TDM) shows Canada’s chocolate exports to the U.S. grew by 10 per cent in volume terms in the five months to end-May, indicating some Canadian manufacturers are taking advantage of the opportunity created by tariffs.

Trump’s tariffs give chocolate makers in Canada, Mexico an edge over U.S. firms

U.S. President Donald Trump’s trade tariffs are meant to boost domestic manufacturing.

www.ctvnews.ca

 

[Mycroft]

This is another example of what happens when an immature moron mucks around with a country's economy. The only comparable self-own I can think of is Venezuela.

One US company is paying $24k to $30k in tariff costs for a container of cocoa.

Trump’s tariffs give chocolate makers in Canada, Mexico an edge over U.S. firms

U.S. President Donald Trump’s trade tariffs are meant to boost domestic manufacturing.

www.ctvnews.ca

shrug...

Perhaps Hershey should talk to Canada and Mexico and tell them to get off their ass and make a deal with Trump.

Or, perhaps they should find another source of chocolate.

 

[holbritter]

This is another example of what happens when an immature moron mucks around with a country's economy. The only comparable self-own I can think of is Venezuela.

One US company is paying $24k to $30k in tariff costs for a container of cocoa.

Trump’s tariffs give chocolate makers in Canada, Mexico an edge over U.S. firms

U.S. President Donald Trump’s trade tariffs are meant to boost domestic manufacturing.

www.ctvnews.ca

Don't mess with the chocolate!!

 

[holbritter]

shrug...

Perhaps Hershey should talk to Canada and Mexico and tell them to get off their ass and make a deal with Trump.

Or, perhaps they should find another source of chocolate.

Perhaps Canada and Mexico should tell Hershey to **** off. There are better chocolate makers out there.

 

[Callen]

This is just like the guy who makes knives in the US. The tariffs on imported raw materials increase costs for domestic production . The result can be the imported products are actually the cheaper option. This is what the American Auto makers are screaming about. Tariffs on their parts and raw materials are making Japanese and British autos more competitive not less.

AI Overview from Google


U.S. automakers and their associated lobbying groups are expressing anger and concern over the recent trade deal between the U.S. and Japan, particularly regarding tariffs on imported vehicles. They argue the deal creates an unfair advantage for Japanese automakers by potentially lowering tariffs on Japanese imports while maintaining higher tariffs on vehicles produced in North America, including those with significant U.S. content.

Here's a more detailed breakdown:

• Uneven Playing Field:
  The deal lowers tariffs on Japanese vehicles, which could make them more competitive in the U.S. market. However, it does not lower tariffs on vehicles imported from Canada and Mexico, where many U.S. automakers have significant manufacturing operations. This creates a situation where Japanese vehicles could be subject to lower tariffs than those produced in North America, even if they contain more U.S. parts.
  
  
• Impact on U.S. Manufacturing:
  U.S. automakers, represented by groups like the American Automotive Policy Council, are concerned that the deal will undermine their competitiveness and potentially lead to job losses in the U.S.

US automakers furious at Trump’s trade deal with UK — and here’s why

Ford and GM warned earlier this week that tariffs would cost them billions of dollars.

nypost.com

 

[Hari Seldon]

shrug...

Perhaps Hershey should talk to Canada and Mexico and tell them to get off their ass and make a deal with Trump.

Or, perhaps they should find another source of chocolate.

Perhaps the malignant narcissist scumbag piece of shit liar grifter rapist seditionist felon serial adulterer and tax cheat and pedophile becomes unable to screw over most of the USA.

 

[Mycroft]

Perhaps Canada and Mexico should tell Hershey to **** off. There are better chocolate makers out there.

Sure.

And, when Hershey closes their facilities (and lay off hundreds of workers), Canada and Mexico can go cry on each other's shoulders.

 

[Allan]

Sure.

And, when Hershey closes their facilities (and lay off hundreds of workers), Canada and Mexico can go cry on each other's shoulders.

You misunderstand what's happening, intentionally we all suspect.

If facilities are closed laying off hundreds of workers it will be in America, not Canada and Mexico.

 

[holbritter]

Sure.

And, when Hershey closes their facilities (and lay off hundreds of workers), Canada and Mexico can go cry on each other's shoulders.

They'll be closing the ones in the US. The facilities in Canada and Mexico don't have to pay the higher $. You didn't read it?

Canada also has zero tariffs on imports of raw and semi-processed cocoa like butter and powder, while Mexico grows its own beans, meaning factories both north and south of the U.S. border can produce more cheaply than those domestically who now have to pay tariffs of between 10 to 25 per cent on cocoa inputs. The rates could rise to 35 per cent on Aug. 1.

Top U.S. chocolate maker Hershey, which mainly makes chocolate in the U.S. but has plants in Canada and Mexico, has estimated it would face US$100 million in tariff costs in its third and fourth quarters if the levies remain in place.

 

[Callen]

Top U.S. chocolate maker Hershey, which mainly makes chocolate in the U.S. but has plants in Canada and Mexico, has estimated it would face US$100 million in tariff costs in its third and fourth quarters if the levies remain in place.

How ironic would it be if Hershey moved to Canada.

 

[Luce]

shrug...

Perhaps Hershey should talk to Canada and Mexico and tell them to get off their ass and make a deal with Trump.

Or, perhaps they should find another source of chocolate.

Why would that matter? They aren't getting their cocoa from either of those two nations, they get it from the Caribbean.

From the article in the OP:

Taza in May had to pay $24,124 in duties on a container of cocoa from Haiti, subject to the blanket 10 per cent tariff imposed by Trump, a Customs and Border Protection invoice showed. Taza faces a customs check of more than $30,000 to release its next container of cocoa from the Dominican Republic, founder and CEO Alex Whitmore said.

 

[Luce]

Sure.

And, when Hershey closes their facilities (and lay off hundreds of workers), Canada and Mexico can go cry on each other's shoulders.

You didn't read the article.

 

[Rexedgar]

 

[SNOWFLAKE]

shrug...

Perhaps Hershey should talk to Canada and Mexico and tell them to get off their ass and make a deal with Trump.

Or, perhaps they should find another source of chocolate.

Jumped in with both feet without actually reading or understanding what is being said in this thread:

Canada also has zero tariffs on imports of raw and semi-processed cocoa like butter and powder, while Mexico grows its own beans, meaning factories both north and south of the U.S. border can produce more cheaply than those domestically who now have to pay tariffs of between 10 to 25 per cent on cocoa inputs. The rates could rise to 35 per cent on Aug. 1.

 

[SNOWFLAKE]

You misunderstand what's happening, intentionally we all suspect.

If facilities are closed laying off hundreds of workers it will be in America, not Canada and Mexico.

Mycroft is SO quick to jump in early on threads to defend anything Trump that he fails to even understand what is being discussed.

 

[SNOWFLAKE]

You didn't read the article.

Don't need to. See something posted that looks bad on Trump, jump in quickly with a defensive attitude.

 

[Mycroft]

You misunderstand what's happening, intentionally we all suspect.

If facilities are closed laying off hundreds of workers it will be in America, not Canada and Mexico.

There's no tariff on product made in America. There is a tariff on product made in Canada and Mexico.

Do you REALLY think they'll close the American plants and keep the Canadian and Mexican plants open?

LOL!!

 

[Allan]

There's no tariff on product made in America.

Mycroft thinks America can grow cocoa.

 

[mike2810]

shrug...

Perhaps Hershey should talk to Canada and Mexico and tell them to get off their ass and make a deal with Trump.

Or, perhaps they should find another source of chocolate.

shrug...
Perhaps President Trump should get his head out of his butt and quit with this ridiculous tariff bs.

All I see is costs to the American consumer. Even US auto companies have stated that so far Trump's war has cost them billions.

 

[Mycroft]

Mycroft thinks America can grow cocoa.

Cocoa doesn't just come from Mexico or Canada.

 

[Allan]

Cocoa doesn't just come from Mexico or Canada.

Cocoa comes from Canada?

 

[Mycroft]

All I see is costs to the American consumer.

Yes, your vision is faulty that way.

 

[Brusan]

Sure.

And, when Hershey closes their facilities (and lay off hundreds of workers), Canada and Mexico can go cry on each other's shoulders.

Why would either Canada or Mexico “cry” at Hershey’s demise? You’re obviously harbouring the illusion Hershey is revered outside the U.S. . It produces cheap, low quality chocolate products.

 

[Mycroft]

Why would either Canada or Mexico “cry” at Hershey’s demise?

Job losses.

Better quality world wide producers would simply have to create a cheaper, lower quality line of chocolate products to fill the slot.

It's not about quality of chocolate. It's about a business staying alive or not.

 

[Brusan]

Job losses.


It's not about quality of chocolate. It's about a business staying alive or not.

And those job losses would be damaging right up until another manufacturer stepped into the slot to produce better chocolate products.

Look at you; a MAGA feigning concern for job losses created by the Mango Mussolini.