Will groceries get cheaper? With the removal of these tariffs, Canadians could see prices on some groceries come down relatively quickly, said University of Guelph food economist Mike Von Massow.

Hahahahaha!

[–] floofloof@lemmy.ca 28 points 7 months ago

Translation: with the removal of these tariffs, grocery stores could see their profits becoming even larger as their costs go down while prices continue to sneak upwards.

[+] Binzy_Boi@piefed.ca 5 points 7 months ago* (last edited 1 month ago) (6 children)

[deleted]

[–] some_designer_dude@lemmy.world 31 points 7 months ago

The tariffs go away but the prices don’t have to drop if the board of directors decides everyone’s already adjusted to the new normal so they’ll just pocket “savings” and leave prices alone. Wouldn’t want to create any waves in the markets by suddenly dropping prices, anyway I’m sure.

[–] bowreality@lemmy.ca 13 points 7 months ago

IF corporations would be fair and not greedy bastards? Sure.

[–] TribblesBestFriend@startrek.website 8 points 7 months ago (1 children)

Price go up, they never go down. Food Companies will not drop their prices to what they were before tariffs. We already seen this with post-Covid

[–] WhatAmLemmy@lemmy.world 1 points 7 months ago (1 children)

That was inflation + price gouging. There was never any reason prices would go down after Covid. With this there is, though I doubt they will.

[–] krashmo@lemmy.world 8 points 7 months ago

How is inflation + price gouging significantly different from tariffs + price gouging? In both cases companies have an excuse to raise prices and no incentive to lower them again.

[–] solarvector@lemmy.dbzer0.com 7 points 7 months ago* (last edited 7 months ago)

Consumers tend to pay what the market will bear. It's not impossible for food prices to come down but it isn't a 1:1 relationship of tariff to price increase/decrease.

[–] justOnePersistentKbinPlease@fedia.io 6 points 7 months ago

Its also that Trump's tariffs are all illegal according to the existing NAFTA/CUSMA.

Our counter tariffs were also illegal according to those agreements. Which is why they were dropped. Having them in place just gave Navarro and Trump actual legal standing.

[–] Randomgal@lemmy.ca 2 points 7 months ago

Yeah I think this make sense. Tariffs aren't needed if Canadians just voluntarily choose not to buy US, in that case the tariffs are redundant and actually hurt the people that have no other option than to deal with the US.

[–] YurkshireLad@lemmy.ca 37 points 7 months ago

I’ll still do my best to avoid American products in grocery stores.