In light of the widening trade war between Canada and the United States?and against this country's political leadership?we've compiled a list of products you can support at the expense of their American counterparts. The original article has been edited here for length (…) and clarity ([ ]). For the latest ? and most informative ? financial articles sign up (in the top right corner) for your FREE tri-weekly Market Intelligence Report newsletter (see sample here)[By doing so] in some cases, you'll be ramping up pressure in key U.S. political constituencies by foregoing products on Canada's tariff list. In others, you'll be boosting Canadian-based operations whose supply networks span the border, reminding Americans which country imports more of their goods and services than any other…[Below is] a list of products you can support at the expense of their American counterparts: 1. Ketchup - Boycott Heinz; Buy French's Instead Heinz, the global leader in tomato ketchup, drew the ire of Canadians in 2014 when it moved its operations from Leamington, Ont., to Freemont, Ohio and, thanks to the new tariffs, you're going to pay more for your catsup if you get it from Heinz. Hundreds of jobs in Leamington were saved after French's announced that it would source its tomatoes from the ?tomato capital of Canada.? Despite being an American company, French's managed to become a darling of Canadian patriots… 2. Whisky - Boycott Jim Bean; Buy J.P. Wiser Deluxe or Crown Royal Northern Harvest Instead The Trudeau government has also chosen to tariff American-made whiskey. This includes bourbon from Kentucky, the home state of Republican Senate Majority Leader Mitch McConnell but fear not, for Canada has a rich history as a whisky maker since the rum-running days of the Prohibition era. Put down the Jim Beam and try J.P. Wiser's Deluxe, a rye distilled in Windsor, Ont. The brand is owned by Corby Spirit and Wine, a Canadian firm listed on the TSX. Also don't forget Crown Royal Northern Harvest Rye. The distiller might be owned by a British multinational, but the whisky's made in Gimli, Man., and was named 2015's best whisky in the world. 3. Orange Juice - Boycott Florida Products; Buy Canadian Processed Minute Maid Instead The tariffs also affect Florida, known for being an orange juice producer and a volatile swing state….With Minute Maid manufactured in Peterborough, Ont., you can get your OJ domestically and stick it to the sunshine state. Expect to see more products coming from the Peterborough beverage plant?its owner, the definitively American Coca Cola Company, just announced an $85 million investment in the facility. 4. Treats - Boycott Hersey; Buy Nestlé, Mars, or Ferrero Products Instead Chocolate, liquorice candy, and other sugar confectionary are also on the tariff list. It's another cleverly-aimed levy, this time directed at the swing state of Pennsylvania. The state is home to the Hershey factory, famous for its chocolate products as well as Twizzlers licorice… Your local options are plenty, [however]. Nestlé makes its Coffee Crisp, KitKat and Smarties products in Toronto, while Mars produces Maltesers, Milky Way, Three Musketeers and Mars Bars in nearby Newmarket. Ferrero also has a facility in Brantford, Ont., where it produces Tic Tacs, Ferrero Rocher and Kinder Surprise (which are still banned in the U.S.). 5. Toilet Paper - Boycott Kimberly - Clark (Scott) & Proctor & Gamble (Charmin); Buy Cascades Instead It's another tariff targeted at Pennsylvania. Kimberly-Clark operates a paper mill in Chester, Pa. producing Scott toilet paper. Charmin toilet paper also comes from the Keystone state, as Procter & Gamble has a plant in the town of Mehoopany. Thankfully, these aren't your only options. Cascades, a Quebec-based tissue paper manufacturer, has several plants in la belle province as well as the Greater Toronto Area. 6. Yogurt - Boycott American Yogurt; Buy Canadian Made Instead Republican Speaker Paul Ryan is likely unhappy with this tariff?his home state of Wisconsin is well-known for its dairy exports but, thanks to Canada's dairy supply management, your options for American dairy products are limited, anyway. Liberté is another Quebec brand that you can support?its yogurt uses dairy from Quebec and is manufactured in Saint-Hyacinthe, Que. 7. Cucumbers and other produce - Boycott American Grown; Buy Canadian OR Mexican Instead You'll also be paying more for cucumbers and gherkins, more products that Paul Ryan's Wisconsin is known for…The harsh Canadian climate poses a bit of a challenge for some fruits and vegetables, such as avocados so, if you can't get…[certain produce] from this country, consider getting it from Mexico and stand with another NAFTA partner being targeted by Trump. 8. Maple Syrup - Boycott American; Buy Canadian Instead Tariffs on maple syrup won't have same impact that tariffs on the aforementioned products would. Most of the maple syrup that we import is from Maine, which is a relatively small state with minimal sway in presidential elections. Also, Quebec already produces 72% of the world's maple syrup. Still, there's power in symbolism, and if you're really upset about the trade war, it should at least make you feel better that there's now an even better reason to buy maple syrup?one of the few things understood as distinctly Canadian cuisine. 9. Cars, Trucks and SUVs - Boycott GM, Ford & Chrysler Brands; Buy Toyota or Honda Instead Automobiles may not be on the tariffs list, but with Trump threatening to implement penalties on motor vehicles imports (which could upend Ontario's economy) the time is now to support domestic-made cars and trucks. - The Dodge Grand Caravan and the Chrysler Pacifica are all assembled in Windsor.
- In Oakville, Ford manufactures the Edge and the Flex as well as the Lincoln MKT and Nautilus.
- General Motors manufactures the Cadillac XTS and the Chevrolet Impala, as well as the top-selling Chevrolet Silverado and GMC Sierra pickup trucks in Oshawa, Ont.
- but you'll still be supporting American brands with these options, and a sizeable share of your money will inevitably end up in Michigan with these choices.
Luckily, [Canada is] the fourth-biggest automaker in the world and motor vehicles are our second-biggest export….[so] the Big Three aren't your only options. - Toyota makes the Corolla as well as the Lexus RX in Cambridge, Ont. and the RAV4 in Woodstock, Ont.
- In Alliston, Ont., Honda has a plant that manufactures the CR-V and Civic.
- To be sure, parts for almost all these models flow back and forth across the Canada-U.S. line before the cars are built but that's okay. With luck, and before it's too late, someone will explain that to Donald Trump…
10. Sports Equipment - Boycott Bauer, Warrior & Easton-made Hockey Sticks; Buy Colt Instead Hockey is a sport synonymous with Canada, yet it's difficult to find any domestic-made hockey sticks. Among the big hockey stick makers, Bauer, Warrior and Easton are all American, and your Canadian options are either CCM or Sher-Wood. The majority of big brand stick makers now outsource their manufacturing overseas. For a truly Canadian hockey stick, your best bet may be Colt. The Colt hockey stick is a Kickstarter-funded product manufactured in Mississauga, Ont. and claims to be significantly more durable than its competitors. In addition, if you're looking to enjoy America's pastime with Canadian-made equipment, look no further than Sam Bats, which are manufactured in Carleton Place, Ont. Sam Bat was the company that introduced maple wood bats to the pros, an oh-so-Canadian material that now accounts for 75% of the bats in Major League Baseball. MORE ABOUT TRADE FROM MACLEANS.CA: Related Articles From the munKNEE Vault: 1. WTF ? Why Tariffs For Canada? It continues to be baffling beyond words how Canada has ended up being among the Trump administration's "most wanted" trade villains. In a client note, Doug Porter, the chief economist at the Bank of Montreal, set aside his usual analysis for a "rant" that pretty much demolished the argument that Canada is the trade villain Trump makes us out to be. 2. Canada Slapping Tariffs On $12.8B Of US Goods ? Here Are the States That Stand To Lose the Most Canada isn't taking President Donald Trump's decision to hit the country with steel and aluminum tariffs lying down. Prime Minister Justin Trudeau announced that Canada will impose retaliatory tariffs on $12.8 billion worth of US goods in response to Trump's metals tariffs effective July 1 and will stay in place until the US removes the steel and aluminum restrictions. . The biggest losers from the US-Canada trade fight are industrial states in the Midwest. 3. Tariffs: What Are They & How Do They Impact the Economy & Your Investments? President Trump recently announced new tariffs on imports of steel and aluminum, in a move that got mixed reviews from business and political leaders. The new tariffs would increase levies on aluminum by 10% and steel by 25%. There is much debate about the sensibility of these tariffs, but rather than wade into that morass, let's examine what tariffs are and how they impact the economy and your investments. 4. Imposing Tariffs to Remedy U.S. Trade Deficit: Trump's Instincts Valid BUT Many are criticizing the Donald for imposing tariffs on some commodities such as steel and aluminum but, while he has a valid argument for his thinking, our overall trade deficit is unlikely to change. Indeed, it can not change without a serious economic depression and collapse. Let me explain why that is the case. 5. What Would the Consequences Be Of A Full-blown Trade War? As an economist who studies international trade, I thought it'd be instructive to explore the trade relationships the U.S. has with each partner to show just how important they are - and what would be the consequences of a full-blown trade war. Support our work: like us on Facebook, follow us on Twitter, or share this article with a friend. munKNEE.com - Voted the internet's "most unique" financial site! (Here's why)The post U.S. Goods Canadians Can Boycott During the Canada-U.S. Trade War appeared first on munKNEE.com. |
