Finance
Ahold Delhaize CEO says US tariffs on Canada, Mexico could drive prices up
Published by Global Banking & Finance Review®
Posted on February 12, 2025
2 min readLast updated: January 26, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 12, 2025
2 min readLast updated: January 26, 2026
Ahold Delhaize CEO warns US tariffs on Canada and Mexico could raise prices for American consumers, potentially affecting product sourcing strategies.
By Alban Kacher and Helen Reid
(Reuters) - Supermarket group Ahold Delhaize expects potential U.S. tariffs on Mexico and Canada could lead to price increases for American consumers on products from those countries, group CEO Frans Muller told Reuters on Wednesday.
"If there would be tariffs on Mexican fruit and vegetables or Canadian paper products, then we will have an inflationary effect in those categories," Muller said in an interview.
Ahold, which runs U.S. chains including Food Lion, Stop & Shop, and Hannaford, is considering sourcing more products from the West Coast and states such as Florida, should Mexican products become less competitive, Muller added.
"As the vast majority of our product is domestically sourced, there is not a lot of danger coming from the tariffs for our company," he said.
U.S. President Donald Trump on February 1 announced 25% tariffs on most goods from Canada and Mexico, then agreed to hold off imposing them for a month while he negotiates with the United States' two biggest trading partners.
The Dutch group, which on Wednesday reported slightly higher-than-expected fourth-quarter sales, generates more than half of its revenue in the U.S. and has been seeking to keep prices low to retain customers.
The company's second-largest market is Europe.
(Reporting by Alban Kacher and Helen Reid; Editing by Tomasz Janowski, Sharon Singleton and Elaine Hardcastle)
The article discusses the potential impact of US tariffs on Canada and Mexico on consumer prices, as explained by Ahold Delhaize's CEO.
Tariffs could lead to price increases on Mexican and Canadian products, prompting Ahold to consider sourcing more from the US.
Ahold Delhaize aims to keep prices low and sources most products domestically, with the US as its largest market.
Explore more articles in the Finance category
