Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: gg cox who wrote (210505)	1/24/2025 10:30:58 PM
From: Maple MAGA	2 Recommendations Recommended By longz Mick Mørmøny Respond to of 218800

Canada Kraft Heinz hits back at what it called Trudeau's 'misleading' comment about its Canadian ketchup Food giant says it is proud that its ketchup is 'made in Canada, by Canadians, using Canadian tomatoes' Kevin Maimann · CBC News · Posted: Jan 23, 2025 8:15 PM CST \| Last Updated: January 23 Kraft Heinz issued a statement Thursday saying Prime Minister Justin Trudeau made 'misleading' comments about its ketchup when discussing a potential trade war with the United States. (Dado Ruvic/Reuters) A ketchup giant is seeing red after Prime Minister Justin Trudeau brought up its past exit from Canada while discussing a potential Canada-U.S. trade war. Speaking with reporters after a Wednesday meeting with the premiers, Trudeau urged consumers to seek out Canadian-made products to avoid U.S. imports that could soon be more costly because of retaliatory tariffs. "That's why we will look, as we have in the past, at things that have replacements for Canadian consumers that wouldn't be tariffed," Trudeau said. "The example from last time was Heinz's ketchup being replaced by French's ketchup because French's was still using Canadian tomatoes in its ketchup." While it is true that Heinz was not making ketchup in Canada at the time, the company says that changed several years ago. Trudeau says he supports the ‘principle of dollar-for-dollar matching tariffs’ to U.S. During a news conference in Montebello, Que,. on Tuesday, Prime Minister Justin Trudeau maintained that ‘everything is on the table’ when he was asked about whether his government will match potential tariffs from the United States dollar-for-dollar. Kraft Heinz Canada kept nothing bottled up in a statement issued Thursday, saying it is "deeply disappointed" that Trudeau made "misleading statements" about its product. In 2014, Heinz sold off its hundred-year old tomato processing plant in Leamington, Ont., leaving local farmers and workers in the lurch and setting off a rivalry with French's. But after fierce consumer backlash, Heinz returned to producing ketchup in Canada in 2020. Trump says U.S. doesn't need Canada's oil, gas, vehicle or lumber Trudeau, premiers urge shoppers to buy Canadian as country prepares for a trade war Trudeau promises 'very strong' response as Trump renews tariffs threat against Canada In its statement, Kraft Heinz says it employs more than 1,000 Canadians at its facility in Mont Royal, Que., and is the largest purchaser of tomatoes in Ontario. "We were resolute in our decision to bring the production of HEINZ Ketchup back to Canada in 2020 and are proud that HEINZ Ketchup is made in Canada, by Canadians, using Canadian tomatoes," the statement said. U.S. President Donald Trump suggested Monday that he could hit Canada with a sweeping 25 per cent tariff on Canadian goods on Feb. 1, sparking a series of discussions among federal and provincial politicians about how to respond. CBC's Journalistic Standards and Practices